In fact, without technology failure is almost guaranteed
It’s hard for businesses and non-profit organisations to recognise that improving profitability and sustainability can be less expensive. That’s in part because they have to fundamentally change the way they think about lowering costs, taking a leap of faith, and making those initial investments
Investments in new technology, communications and processes will lead to greater savings and increased efficiency and effectiveness. It may also require a willingness to buck conventional wisdom by focusing not on reducing the cost of each part but on increasing the efficiency of the business systems as a whole.
As businesses move into the global marketplace, the use of technology is now mandatory for most businesses if they want to remain relevant and competitive.
“Progressive businesses adopt a different mindset about technology and costs. They continually focus on continuous improvement and increasing the efficiency of their systems”. Peter Sergeant
Here is a checklist of what to look for when assessing your business’s current use of technology and its impact on your profitability and sustainability.
- Improved personal capacity and productivity.
- Improved business capacity, productivity and sustainability.
- Improve customer service capability.
- Improve the customer experience.
- Enhanced business models to improve outcomes.
- Improved planning practices.
- Improved inbound marketing and sales campaigns.
- Better information and knowledge management.
- Improve content and content marketing.
- Improve budgeting practices.
- Business process automation will lead to greater personal productivity.
- Improved and more effective communications management.
- Improved workflow processes and practices.
- Improved your value chain.
- Mobility should be at the forefront of advancement.
- Improved financial control.
- More prolific idea and opportunity generation.
- The speed of getting things done is enhanced.
- Greatly improved prospect and customer management.
- Improved personal task management.
- Better tools and processes to improve productivity
- Improved record keeping.
- Convenience, use anywhere, anytime.
- Improved reliability.
- Greatly improved presentations.
- Improved collaboration using video conferencing,
- Improved relationship and contact management.
- Everyone can be on the same page.
- Improved accuracy in what everybody does.
- More effective performance management.
- Better organisation governance.
- Improved access to education, particularly in regional and remote areas.
- Information and Knowledge sharing and utilisation.
- Access to bigger markets, globalisation.
- Better project management.
- Cultural development.
- Improved research capability.
- Improved management reporting.
Technology is changing whole industries, is your technology keeping up?
[read more=”Personal Experience” less=”Personal Experience”]
Technology is creating new paradigms that could shut you out of a market if you can’t keep up with advances in modern business technology.
You should prioritise your information technology and communications strategies you’ve chosen to improve your profitability and sustainability so you can focus on the most important ones with the biggest impact.
Businesses that fail to embrace on-demand services will hold back the customers they are supposed to be supporting. Such services can save costs, as well as provide new capabilities to the business that have previously been unavailable or unaffordable.
On-demand services also allow your organisation to focus more on managing information rather than fiddling with technology.