2015-04-17 00:00:00TechnologyEnglishhttps://quickbooks.intuit.com/in/resources/in_qrc/uploads/2017/05/28.pnghttps://quickbooks.intuit.com/in/resources/technology/why-new-technology-matters-how-to-keep-up/Why New Technology Matters & How to Keep up

Why New Technology Matters & How to Keep up

2 min read

As a business owner, there will be different processes, day-to-day activities, investments, bills and a lot more that you would have to manage. Today, technology has permeated into every aspect of our lives and it’s become more challenging than ever to keep up with the constantly changing trends.  Recent technology has emerged with a plethora of solutions that can automate processes, build higher productivity and make operations seamless. It is therefore, important for businesses to stay on top of the recent trends in information technology to be able to leverage them for better business performance. Here are some of the ways in which businesses can keep up with the latest technologies: Leverage social media to stay informed: For any business, it is vital to know your competitors and your industry. Social media is one of the best ways to stay abreast of the latest technologies and conversations around new emerging technology. Follow the most influential people in your industry, keep track of keywords and hashtags that are trending in your industry and discover newer ways of doing things in your business, and ways to expedite work and processes. Business intelligence to understand competitors: Your competitors are the best yardstick you could use to measure your own potential, growth and market standing. Often there is a lot to learn from them, and this is where you must use business intelligence to dig deeper into how things are done by others in the industry. You will discover new insights that will enable you to adopt the latest technologies in your organization as well, and learning about best practices that they follow will improve your marketing efforts as well. Follow top influential blogs: Content marketing is crucial because it allows for the dissemination of insights, information and current information on market trends. It is always a good practice to follow top blogs by industry experts that will keep you constantly updated on new innovations in technology and your industry that you could apply to your company’s processes, tools and various approaches to tasks. Create a technology awareness strategy: Assess your company’s goals and needs and take stock of the resources you have to accomplish these. Gather knowledge about the tools, processes and technological automation that other brands similar to yours use. Make time and train your staff to use these best practices or tools so that they can be an integral part of your work culture and contribute to productivity. Learn from established brands: Established companies often have certain applications and processes in place that expedite work and make the company more efficient. Big organizations often influence technology trends. Try to follow their updates and start doing some research on how their approach to processes can help in your company. With new innovations in technology being discovered and practiced every month, it is now imperative for businesses to keep themselves constantly updated. With the constant fight to stay relevant amidst a rapidly changing set of competitors and a dynamic market this is even more crucial. Identify the right kinds of technology that can enable your business to thrive and soar ahead of the competition through improved output and more streamlined processes.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

The Benefits and Disadvantages of Using the Cloud

Juggling tasks to keep operations humming used to mean long hours in…

Read more

Featuring Touchkin

Technology has the tremendous potential to bring people together and keep them…

Read more

How Technology Can Keep Your Business Competitive

Technology can be a vital factor that can boost your business and…

Read more