Smartphones have been an increasingly important part of daily life for a decade now, but our reliance on them is only set to continue as business processes begin to be integrated into smartphone technology.
This is already reshaping society as we know it. Taxi services are now available at the click of a button, food can be delivered equally easily, and businesses can be run off a single phone if necessary.
The global economy is changing as a result of this, as everything from banking to casinos begins to shift towards smartphone integration. Being aware of this change is crucial if you are to make the most of it and prepare for the seismic technological shift that is taking place.
Here’s how smartphones are being integrated into business processes:
Online casinos are moving to phones
One of the most significant shifts towards smartphone integration has been entertainment. Everything from streaming platforms to social media has been practically designed with smartphones in mind from the start, meaning you can access unlimited types of content on the go wherever you are.
A recent addition to this integration has been online casino games, which allow users to play a variety of games at the click of a button. This means you can take part in these casino games without actually needing to visit a casino, creating greater levels of flexibility for a wider range of lifestyles and price brackets.
Finance apps are transforming the way people interact with money
Another substantial development to be aware of is the increasing emphasis on online banking and mobile investment services. Only a few years ago, it was impossible to access your bank account from anywhere but the bank itself (or at least via a long phone call), but now you can check funds, transfer money and contact your bank remotely, in only a few easy steps.
This was the hardest barrier to overcome in the financial industry because it entrusts account holders with their own security, given that their details are stored on their phones. Now it is clear that many people are happy with this level of individual responsibility and flexibility, perhaps opening the door to a range of new financial services integrated with smartphones in the future.
Of course, individual investing has only hit the mainstream in recent years, and there are already a number of different apps available that people can use to invest their money safely without needing to hire a broker or go through a bank.
It is a huge increase in individual financial freedom and is in large part due to improvements in smartphone technology.
Wallets are moving over to phones
On a similar note to online banking and investment apps, there is an increasing integration of personal finances into smartphones via digital wallets. These wallets are being increasingly used in day-to-day life (such as the Apple Wallet) and are only set to continue to rise in popularity as more people use cryptocurrency soft wallets and governments consider introducing their own digital wallets.
It does not need emphasizing that this development alone could radically change the construction of the global economy and put a greater focus on individual responsibility.