This graduate paper introduces the historical development of mobile industry, from the first mobile stations in Japan in 1971 to the development of smart mobile devices. Beginnings of mobile industry experienced uplift after the collapse of the socialist republics of eastern European block while uplift in republic of Croatia dates from the end of Homeland war. Consequently, positive and negative effects of mobile industry development are described together with implementation of mobile technology in business. The clearest impact was achieved in banking sector, communications and marketing itself which achieved greatest development due to development of mobile industry. Together with its contribution to the banking sector, the history of development in Republic of Croatia and its positive and negative aspect was researched. Following pages of the paper deliver the results of research of various technologies such as NFC („Near field communication“) which conducts communication of near field through wireless connection between devices; iBeacon technology operating on similar principals and social media that extended their initial communication purpose on to marketing. Following all of the above, a conclusion was made on impact of mobile technology on business together with overview of development of artificial intelligence slowly making its entrance to the business world.