• The Global Conversational Artificial Intelligence Market is estimated to reach USD 12.12 B by 2025, growing at a CAGR of roughly 19.0%.
  • Digital technologies are predicted to have a worth of AU$315B by 2028
  • Artificial Intelligence could be worth roughly AU$22.2 trillion on a global level by the year 2030.

The Australian business sector has seen a prolific surge in consumer utility following certain shifts in consumption behaviour at the beginning of the end of the unprecedented pandemic.

According to monthly reports published by the National Australia Bank, the business confidence index- which measures sales, hiring, and profits, is indicative of this- proliferating significantly in value.

This is likely to see the Reserve Bank of Australia- which monitors economic reports and consumer behaviour-related surveys, become more encouraged to facilitate a push towards higher investment, hiring, and consumer utility.

The Reserve Bank of Australia has announced that it intends to maintain very low interest rates (near zero) until the year 2024- aiming to further ‘snowball’ the aforementioned economic spurr that has begun following the end of the much-awaited pandemic.

With such a friendly and optimistic business environment to look forward to, below we explore the most beneficial and convenient business tools on the market today- extrapolating their likely growth by the year 2025.

Logo Makers

Up until a couple years ago, business owners in need of a logo had to rely on the expertise of reputable graphic design firms, or- if on a tighter budget, freelancers.

This involved significant procedural commotion, as it commonly entailed weeks (if not months) of discussions, presentations and meetings before concluding on a logo that adequately represented a business’s current or aspired image.

Currently, the process has become quite a bit more easy, with online logo makers allowing business owners to automate a significant portion of the overall procedure, and create their own brand logo in a professional and non-complicated way.

Online logo makers rely on the power of Artificial Intelligence and cloud computing- offering a plethora of fascinating and innovative features which can be used to further customize a business’s proposed logo.

One of the best benefits of logo makers of relying on logo maker software (aside from the obvious price difference) is time, as the whole process can commonly be completed within just a couple of minutes. It also doesn’t require customers to download any software, or hold any meetings or discussions. The whole procedure can be completed from the comfort of one’s home.

There are quite a few prominent logo maker companies. The most reputable ones are those created by The Really Useful Information Company (TRUiC), Shopify, and Wix.

TRUiC, in particular, provides a free logo maker which provides a rather streamlined and straightforward process.

This is likely to be of significant advantage to those with a relatively small degree of experience in the field of graphic design, as well as for the relatively new or small businesses who would like to cut costs as much as possible without having to make sacrifices on the quality of the work.

Website Builders

Online websites are an essential part of having a business at the moment. This is because of the fact that the majority of consumers rely on information they collect online when making an opinion about a company, and consequently it allows business owners to choose how they want themselves and their products to be represented.

Similarly with logos, the sphere of website development was- in the past, plagued with a significant amount of time inefficiency.

Business owners would have to carry out extensive research in relation to the team (or teams) of developers that they would choose to work with and schedule many meetings in order to discuss every possible faucet of the website, and every possible complication that could arise in the future.

Website builders, on the other hand, have begun providing a much more automated process- saving crucial time and capital that could be better spent in other areas.

Social Media Verifications

The aforementioned robust economic environment of Australia has also seen a variety of business owners beginning to work with social media management companies.

Such platforms can provide a plethora of unrivalled benefits, and can significantly impact a business’s future prominence, marketing strategy, and streamlined growth.

Among the most popular features- such as templates and images, social media management is included. This usually involves a holistic approach that is tailored towards a business’s particular brand, and can also involve social media verification packages.

Chatbot businesses

Chatbot businesses are likely the only ones on this list which most business owners will inadvertently have become accustomed to.

This is because certain high-tech and e-commerce giants- including Amazon and Google, have been brilliantly incorporating them into their customer service algorithm for years.

The emergence and development of Artificial Intelligence has meant that the use of Chatbots has grown significantly. Contrary to common belief, business owners can incorporate chatbots into their corporation for much more than just automated customer service replies.

A Final Take

So we can clearly see why the above tools have spiked in popularity lately.

They provide tailor-made responses to previous market problems, and address common day-to-day business issues in a predictable, reliable and cheap way.

Whilst the above article illustrates our top choices of the most likely business tools whose prominence will have further expanded, it should be noted that this list is by no means all-inclusive.