Essential Tech Tools That Every Business Should Have
by Dan Munson
The advancements in technology and digital innovations that have been around for the better part of the 21st century have entirely transformed the way we do business. Technology enables business enterprises to do a lot with less. Business owners and managers can now manage their companies with precision and speed using incentives which eventually results in better communication, better consumer shopping, and brand experience and enhanced collaboration. Businesses that embrace the current trends in technology such as non profit accounting are set to reduce their business operation costs by more than 70% by using technology such as open source software, remote desktop applications, online payment systems, teleconferencing services and VoIP instead of the conventional systems.
Technology enables a company to have an edge over competitors who offer the same product or service in the market. Computers have changed the way business manage their inventory reducing the amount of time taken to check whether a certain product is still in stock. Artificial intelligence and machine learning have led to the development of smart systems that can solve learn, make decisions, solve problems and perform other cognitive functions the same as human beings depending on the information they have been fed with. In this article, we are going to highlight the technological tools and systems that are essential to the success of any business in the cut-throat capitalist market of the 21st century.
Big data analytics
The term big data is not new to the world of business. It offers businesses a mode to store the vast amounts of data that is generated within the enterprise on a daily basis. Managers can use this data for predicting the future trends in the consumer tastes and preferences, the strategies used by competitors and the working trend in employee efficiencies. Big data is not an incentive that just a reserve for big corporations. It is predicted that small to medium-sized business corporations will embrace big data into their operations within the next couple of years study that was carried out by SMB Technology Group suggests that 29% of medium-sized enterprises and 165 of small-sized companies have already purchased a business intelligence solution in the past 24 months. We are set to see big data tools from Oracle and IBM become even more efficient and affordable for the majority of business enterprises.
Since the advent of computers and their availability to the public in the 1980s, businesses have used personal computers for their daily running of business operations and for getting internet connection through Wifi and LAN. However, personal computers are being faced out by mobile devices such as tablets due to their portability and user-friendliness. These tablets have inbuilt digital cameras for pictures and videos, touch screen and sleek displays. Small businesses continue to drive innovation in in mobile application and computing solutions because they don't have to get the numerous approvals which are characteristic of big corporation's bureaucracy. For instance, Skype has become an invaluable tool for small businesses as the employees and team leaders can communicate via tablets from whatever geographical location that they are in so long as there is internet connectivity. In the next decade, tablets will prove to be compelling to business organizations.
Cloud computing for data storage
Businesses are now turning to cloud driven storage solutions to store their company information. Cloud computing stores vast quantities of data in thousands of virtual servers found all over the world. This eliminates the need for physical drives and the high cost that comes with their maintenance. Businesses are also safe from data damage from natural calamities such as floods, hurricanes, wildfires and other natural elements that may tamper with the integrity of their information. The capabilities offered by the cloud to both small business enterprises and big corporations are pretty compelling. The employees and management of a company are able to access the company information and inventory stored in the cloud remotely by just login in the system from wherever they may be.