22 Dec How Important Is Technological Advancement in Business Productivity
We live in a fast-paced, ever-changing world, and the market is pretty competitive whatever industry you work in. This means that enterprises today need to be efficient, innovative, and highly productive to succeed. All of this can be easily achieved by investing in the best technology out there.
By taking advantage of tech advancements, you can streamline your business operations, increase efficiency and productivity, and therefore gain a competitive edge in the marketplace.
And don’t worry, not all tech solutions cost a fortune.
There are some great free tools and basic plans out there at an affordable price that can take your business to the next level.
Now, let’s take a deeper look at how important technological advancement in business productivity is.
1.Delivering work electronically
Employees can work from the comfort of their homes or any other place, and we can thank technology for this progress. Working in a relaxing environment, away from the sometimes-intimidating eyes of a boss, can do wonders for a person’s motivation and productivity.
And without time wasted on commuting and endless meetings, remote workers can get more things done within the same timeframe.
Also, video conferencing increases efficiency by enabling companies to hold meetings with people from different locations.
Instead of paying for travel for all of the attendees and spending days on a meeting, it is now possible to finish it in an hour electronically without anybody having to leave their workspaces.
2. Simplifying organization & progress tracking
Implementing new tech tools in the work environment can help you get more things done in less time, save money, and increase your business’s productivity and revenue. By utilizing the latest software solutions like office management software, you can make your business run more smoothly.
Take the best time and attendance tracking software, for instance. It allows enterprises to accurately track and visualize their team’s hours and shifts. This handy software allows you to see who’s working and where they are at all times.
Full team visibility allows owners to monitor operations and manage staff more proactively. You can see who came in, who did their work, and who didn’t.
This allows you to address the issues and help employees overcome the obstacles they are facing so they can improve their productivity.
What’s also great about these types of tools is that you get to save time, eliminate error-prone paperwork, and focus on more meaningful activities than unnecessary check-ins or timesheet approvals.
3. Well-crafted marketing strategies that appeal to the right audience
Remember the old days? Entrepreneurs and marketers had to not only book billboards, newspaper ad spaces, and TV commercials, but also compete for these ad mediums if they wanted for their products to sell.
These marketing strategies were expensive and time-consuming, besides often being too generic and shallow. And even with lots of effort, sometimes these marketing campaigns weren’t focused enough to reach the right audience.
With the advancement of technology, tables have turned in this industry. You can now place an ad in the right place, for the right people. Take social media ads, for example. They are focused and specialized, and very effortless at the same time.
Technology allows businesses to target and reach more customers. And compared to the old-school ads, today’s advertisements are so much cheaper! So, you are left with more time and money you can use for more important tasks that can help you grow your business.
3. Enhancing customer service
Customer care plays a huge role in your business’s success. It can help you retain your customers for the long-term. For businesses that are just starting out, handling customer service can be a daunting task.
Too often will CEO’s have to deal with lengthy and frustrating phone calls while building their businesses. The problem is that answering dozens of calls eats up too much of your precious time that could be used to address more important issues.
Integration of artificial intelligence in business can help busy CEO’s free up their schedule for more meaningful work.
5. Organize all of your accounting data
Technological advancements can handle many business tasks, and what’s even better, they can do it at a fraction of a cost in comparison to manual labor.
There are simple software solutions available that can organize your accounting data, show you your tax liabilities, and also your profit percentages.
Remember having to count every item in your inventory? Well, that practice is a thing of the past too. Today’s software can automatically deduct items you sell from inventory, saving you lots of time and energy.
Implementing the latest tech solutions is necessary for any business to thrive.
And their impact on productivity is significant, so if you want to enhance your business operations, adopting technological advancements is a sure-fire way to take your company up a notch.
About the author
Jacob Wilson is a business consultant, and an organizational psychologist, based in Brisbane. Passionate about marketing, social networks, and business in general. In his spare time, he writes a lot about new business strategies and digital marketing for Bizzmark blog.