How technology can drive business growth
Technology can drive business growth, productivity and competitive advantage. Read our top 5 tips to help grow your business with technology.
Technology is a key driver of business growth and competitive advantage. It can impact your productivity, employee morale and customer satisfaction.
Below we address some key areas to help grow your business with technology.
Top 5 tips to grow your business with technology
- Develop a strategic IT plan
The first step in developing an IT plan is to undertake a thorough IT audit to review your existing infrastructure and understand your IT set up. This should review business processes to identify areas that can be streamlined or automated. Subsequently, you can develop an implementation plan with long and short-term goals. By taking the time to prepare an IT plan and strategy, you can decrease spending and increase productivity.
When it comes to considering replacing technology, make sure you focus on business objectives and how they would add value. It is true that there are many associated costs of using old and outdated technology. In contrast, modern technology has the potential to automate processes, improve communication, increase mobility and reduce costs.
- Adopt a holistic approach with integrated technology
Businesses rely on a variety of apps and tools to run smoothly. These solutions don't always integrate, which can result in workflow inefficiencies, increased errors, data duplication and slow decision making.
By integrating your systems, information flows seamlessly through your organisation, giving you a holistic view of your business. It also increases your productivity and efficiency. As a result, you can maximise your revenues which can then be invested into growing your business. Microsoft 365 and Dynamics 365 are great for this because they integrate seamlessly.
For further productivity recommendations, read our Top 5 Tips to Increase Productivity with IT.
- Look to the Cloud
Cloud technologies offer the advantages of lower costs, increased flexibility and scalability. They enable your employees to work from any location, on any device and to collaborate remotely. This is increasingly important with the rise in remote working following the pandemic.
In addition, reputable Cloud providers use sophisticated security measures and provide regular software updates. This gives you the reassurance of having updated, secure and compliant tools.
For more benefits of Cloud computing, read Why Move to the Cloud?
- Automate routine tasks
Functions such as invoicing, payroll and accounting can be significantly streamlined or even automated with the right tools. Automation increases your productivity and reduces the likelihood of mistakes, thereby reducing your costs. It also frees up your time so that you can focus on running your business.
This is highlighted as one of the key advantages of moving to Dynamics 365 Business Central, as discussed in a recent blog post.
- Find the right IT Support partner
Finding the right company to support your IT systems is not always easy. Key to this is finding an IT support company that will work with you as your technology partner to solve problems and remove the obstacles of nonperforming IT. These obstacles include downtime, loss of data and security breaches.
An effective IT support company will proactively monitor and manage your systems, identifying and resolving issues before they even become a problem. Find out more in our guide to What does an IT support company actually do?
Conclusion
In summary, using the right technology can drive efficiencies and improve productivity. Having reliable and effective systems will save you time, streamline your operations and allow you to focus on running your business. All these factors will help drive business growth.
