Technology has really come a long way in assisting the world of business. Adopting new virtual software and platforms brings about numerous growth opportunities. With these tools, you can streamline processes, reduce time spent on tasks, and improve overall efficiency and productivity.
If you want to stay ahead of the curve, you will need to start incorporating new tech into your model. Check out these essential technologies that you can use to grow your business:
Asset Management Software
When you’re handling multiple clients with a lot of different products, asset management tools are a great way to track them all. They create a systematic way of tracking, monitoring, and allocating products and equipment in real-time. If used right, they can improve accuracy and coordination among teams.
Systems such as these are a huge benefit because they centralize all the materials and information you have. You get an easy-to-manage and accessible tool that can be used across the company. Employees would no longer have a hard time requesting for these assets because they’re already stored in one location.
Geographic Information System
Multinational companies understand that audiences from different locations follow different behaviors. One tool that they can use to identify the localized trends is a geographic information system (GIS). A GIS stores and analyzes data of a particular area.
What it does is plotting data across a sort of virtual map. It creates connections and analyzes the relationship between the data and its location. You can also use it to monitor processes and identify the most optimal workflow for your company. GIS have also been used to group together data based on demographics and income levels.
The ability to target the behavior of certain groups based on their spending ability can help you adjust your pricing. You can use it to derive data that can be used to predict future trends as well as monitor progress in certain areas.
Content Management Systems
The recent pandemic has highlighted the need for an online platform for businesses. For this reason, companies need to start showcasing themselves online through content management systems (CMS). CMS are basically websites or virtual spaces that store your information for the world to see.
Roughly 75 percent of consumers say that they determine a company’s credibility based on its website. Having your own website, especially a well-designed one, can make your business appear more reliable and legitimate. It allows for a wider audience and a flexible model that can withstand a crisis that forces people to limit travel.
For small and medium businesses, it may seem difficult to suddenly start having online content. Normally, they think that they’d need a professional programmer to build their site from scratch. But nowadays, there are quick and easy-to-use CMS that hardly need any coding. Platforms such as WordPress and Squarespace offer pre-built websites, where the only thing you need to do is to change the text and upload new images.
Project Management Software
For businesses that have adapted to remote working, they will still need a general platform to help them coordinate with their employees. This is where project management software such as Bitrix and GoodDay is used.
The main advantage of using systems such as this is the multiple features included. Not only do they have project boards; some of them also come with their own chat features. This way, you can communicate across different teams and organize files all in one location. You won’t need a separate platform for chatting and another for assigning tasks.
Most project management tools can be synced with data storage platforms as well. You would have your own cloud storage system that is accessible solely by employees and affiliates of the company.
Big Data Analytics
Once you have used all these other platforms to gather data, you can use big data analytics tools to extract meaningful insights from them.
Big data analytic tools cannot be fully responsible for creating insights and reports. They are best used alongside a statistician and data analysts. These tools can process thousands of data across multiple servers to give an overview of the patterns in them. The job of actually giving meaning and explanation to them is still up to the person using the tools. Bur they do make the process of managing information a lot easier.
Adapting to the digital age is crucial for the success of your business. Companies can’t afford to be lagging behind on the latest technology. With software, you can leave repetitive and time-consuming tasks to technology, while the rest of your staff can focus on major tasks that can’t be automated.