CALGARY, Alta. Nov. 2, 2016/ Troy Media/ – Business is full of idioms that help entrepreneurs learn basic lessons for achieving success, such as “The customer is always right,” and “Location, location, location.” However, there is one phrase that isn’t commonly repeated despite its accuracy: “Tech is good for business.”
In nearly every aspect of life, technology makes the task of living that much easier, and business is no different. Even ignoring the fact that most consumers are surrounded by digital devices, businesses have much to gain by transitioning traditional practices into tech. In the following straightforward ways, technology helps to ensure the long-lasting success of any enterprise.
Here’s another common cliché: Time is money. In business, every second offers an opportunity to acquire a new client, make a new sale, and bring in more cold, hard cash, so the fewer seconds employees waste, the better. Though many workers fear that tech will eventually take their jobs, the fact is technology only saves time by reducing the effort necessary to complete tiresome tasks.
Accounting is a field perhaps most benefitted by modern tech. Because computers are well-suited to the logical functions necessary for reliable accounting, accountants should [popup url=”https://quickbooks.intuit.com/om/qbhp/” height=”1000″ width=”1200″ scrollbars=”1″] rely on software like Intuit QuickBooks[/popup] to make their difficult jobs substantially easier. Programmed with essential algorithms, such applications preclude the lengthy and tiresome calculations of the past, allowing accountants to do their jobs faster.
Communications tech is another effective example of innovative time-savers. [popup url=”https://www.kbz.com/” height=”1000″ width=”1200″ scrollbars=”1″]Local business communication services providers[/popup] can install a bevy of technologies to facilitate customer service and employee cooperation through telephone, email, video, and more. Some worthwhile communications and collaborative tech includes:
- Virtual switchboards
- Virtual work environments
- Instant messaging
- Video conferencing
Going green isn’t merely a trick to attract an eco-conscious consumer base. Sustainable choices save businesses money by avoiding expensive, wasteful resources in favour of renewable, cost-effective ones. Yet, few environmental enthusiasts note that it is utterly impossible to go green without technology.
Innovative tech devices are almost always the sustainable solution to inefficient practices because tech is more rigorous with less effort. Even those businesses that aren’t necessarily concerned with the green movement can benefit from tech by reducing their reliance on consumable resources.
A prime example of this is digital storage and backup solutions. Physical files require absurd amounts of space; before today’s technological advances, companies would have to purchase enormous rooms for filing cabinets packed to bursting with written information. To avoid this colossal expense of both money and time, businesses should [popup url=”https://aws.amazon.com/s3/” height=”1000″ width=”1200″ scrollbars=”1″]invest in scalable cloud storage[/popup], which is accessible, affordable, and environmental, considering it doesn’t require considerable deforestation.
Additionally, businesses can consider other green tech that could conserve resources for the sake of their budgets and/or the environment, such as:
- Efficient lightbulbs
- Smart thermostats
- Solar energy sources
- Bamboo décor
The objective of most private enterprises is simple: turn a profit. Aside from improving the likelihood of operating in the black by saving businesses time and other resources, technology improves a company’s ability to bring in cash.
It’s difficult to deny that the smartphone is among the most impactful technological developments in the current era. Few people – consumers and workers – go anywhere without their pocket computers, which is good for business in dozens of ways. First, workers are now more mobile than ever before, which allows them to continue working anytime and anyplace, increasing a company’s productivity. However, perhaps more importantly, smartphones allow businesses to grow their marketing capabilities, enticing customers to their products and services at all times.
Perhaps this is why modern businesses cannot operate without one particular tech tool: a website. Business websites are indispensable in the web-driven world, where consumers research more than 80 per cent of their purchases before buying. Moreover, websites allow businesses to extend their profit-making capability through web stores, which can make sales without the need for human salespeople. E-commerce accounted for more than 8 per cent of all sales in 2016 – creating profits of over $800 billion in the U.S. and proving once and for all that technology is good for business.
New technologies are continually being developed for business application. The cloud is expanding, communications systems are becoming ever-more complex, and the internet is providing more opportunities for businesses to sell. Soon enough, older business idioms should be replaced by newer, tech-inspired ones, like “All software leads to profitability” or “A tweet in time saves nine.”
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