Insights, Ideas, Results
The world is constantly evolving and as a result, technological advancements are essential in sustaining the growth. Most thriving economies are investing billions into technological research in a bid to spearhead inventions and creations that can further propel economic prosperity. There is an emerging trend where businesses are thriving by making use of advance technologies such as enterprise applications and cloud computing.
Procurement is one of the less glamorous, yet very important, function within any business. It does not get as much attention as sales and marketing function, but it contributes equal value to the business. True, it does not generate revenue, but the savings you can achieve using the right procurement approach drops straight to the bottom line and substantially improves profit. This is why businesses that understand the value contribution of procurement pay great attention to deploying proper processes, personnel and technology to get the most out of it.
The digital age has brought so many innovations that have already changed the way we do business. The internet is the obvious one, connecting businesses with clients across the world that they’d previously never have had the ability to sell to, let alone meet.
From the internet came smartphones, leaving us connected on a 24/7 basis, increasing our ability to do business from the working hours of Monday-Saturday to any time and anywhere.
It’s notoriously difficult to predict which technologies will take off in the future and which will fade into obscurity, but here are five new technologies that could change small businesses over the next few years.
Securing a business should be a top responsibility for all entrepreneurs. Unfortunately, due to the high number of tasks that business owners need to complete, they don’t have enough time to think about this aspect. Each business has a lot of records, marketing data, legal documents and even cash that should never be made public. Therefore, one has to consider the most effective ways of securing all the personal data that their company operates with. Besides that, business owners might need to take into account securing their premises, as well. It’s much better to be “safe rather than sorry” in this case.
From a business process management perspective, there can be few systems as complex as a modern international airport. For one thing, there is the sheer scale in terms of physical size and number of planes and passengers. But for another, there are so many different processes as work. Each has its own stakeholders and managers, and its own inputs and outputs, but there are also subtle linkages that join them all together.
When a business is bought by another or two enterprises merge to become one entity, it’s necessary to relocate the data center. As a matter of fact, data center migration can be a pain in the neck. This is because the systems and equipment that must be moved are quite delicate. There is a risk of losing crucial equipment or data. Besides that, some of the equipment can get damaged when the data center is being transferred to a new location. Most companies experience these challenges simply because they fail to plan for the migration. Below are the most important steps that should be taken before transition starts.
The workplace as we knew it just 10 years ago is changing dramatically with the inclusion of Generation X in the workforce and the rise of technology. This generation grew up with technology. It has become an integral part of their personal and business lives. Just look around in the office, or in a nearby Starbucks, and you will find technology embedded in everything people do. Technology allows us to work from anywhere and anytime. Businesses that do not take advantage of this revolution stand to lose in this hypercompetitive world. So, how exactly can technology help you manage your business better?
Data doesn’t sit on the sidelines; for many companies, it’s essential to most of our activities and collaboration efforts. Therefore, we need to protect it while ensuring quick access to it. Is this even possible without advanced programming skills? Yes, and here are a few of the biggest business benefits of switching to secure managed file transfer software.
Running a small business means having few employees at first. You can’t afford to pay for several employees at once, especially since you have already spent a lot building the business up. The good thing is that there are online tools that can substitute the need for more manpower. Using these free tools, some processes are automated while accuracy is not sacrificed. Online invoice generators are among them.
It’s almost always a good thing when a business outgrows its premises and needs to relocate to a larger space. However, without careful forward planning it can easily become a major logistical headache.
After sourcing new premises, scheduling a professional removals company, notifying your staff and clients of your upcoming move, preparations should begin for moving your IT infrastructure at least 6 months in advance of moving.
Here are 6 things to think about before embarking on a relocation of your IT infrastructure.
