Technology is an integral part of today’s businesses. More companies are now adopting digital processes and leveraging technology in their business functions. Artificial intelligence, 3D printing, augmented reality, virtual reality, cloud computing, and machine learning have become mainstay technologies in business.
According to a recent survey, 89% of companies project that they will adopt big data analytics by 2022. If you’re just about to launch your business or have a young business, these impactful technologies can benefit it.
1. Project Management Tools
If you have a big team, you need tools that make it easy to manage company projects. Statistics show that project management software saves the average employee about 498 hours every year. Choose tools that are ideal for your business and incorporate them into your day-to-day operations to make your team more efficient. Project management software streamlines workflows, making work more organized. Team members can also collaborate on projects with no issues.
2. Productivity Apps
There are tons of productivity apps specifically designed for entrepreneurs and employees. And thanks to increased remote working adoption, companies now use platforms such as Slack, Trello, and Microsoft Teams to enhance employee productivity.
In 2020, people installed business and productivity apps 7.1 billion times, 35% more than in 2019. These apps help teams to collaborate on similar projects even when they are working remotely and are very beneficial in keeping team members connected.
3. Scheduling Tools
Almost every company has staff meetings on a regular basis. To set up weekly team meetings or even appointments with clients, you can use scheduling tools such as Calendly, Google Calendar, and HubSpot. These tools allow both parties to set a date according to their availability. For instance, if a client wants to schedule a meeting to voice their concerns, you can use a scheduling tool to set up the meeting.
4. Cloud-Based Data Services
These services enable your business to capture and classify data without paying for hardware. As long as you are connected to the internet, your data is safely updated. You can also back up your data and company information to protect it from malicious hackers and malware. Whether your business is small or established, a data breach can be very costly.
Cloud-based lending has become popular in recent times as it makes for a leaner, secure process that needs less maintenance and handles updates in a couple of hours. Cloud-based loan origination allows lenders to quickly issue small business loans and personal loans.
1800CarTitleLoan, a company offering refinance title loan, found that using survey data from Google dramatically improved customer satisfaction and, consequently, revenue. By examining the data, the company was able to understand the services and service pages it needed to improve.
5. Automated Customer Service
New technologies have streamlined work, boosting business productivity. Many company functions, such as customer service and email marketing, are now automated. Technology can help protect financial data, provide insight for making critical business decisions, and help employees to collaborate on projects better.
It helps businesses to keep ideas from their competitors, offer a great customer experience, boost employee satisfaction, and increase profits. No matter the size of your company, technology can help you make more money and generate the results your customers demand.
