Article by Rupinder Kuar, published in ITProPortal on June 8, 2020.
In the past few years, the world has seen huge technological innovations including AI, automation and cloud computing. The concern lies in acquiring the right knowledge and inculcating those tech boons into the work model.
Whether you have a small business or you own the business game, the answer to all the concerns that your business may face is technology. The role of technology in business has benefited them to the core and it will add more good points to the functioning of the SMBs.
According to studies, 90 per cent of small and medium-sized businesses rely on digital tools for communication. 40 per cent use tech tools for sales management and around 80 per cent SMBs use technology-based services for internal management and other logistic activities.
Here are six ways to know your business needs:
- Evaluate your needs
- Plan the budget and look at your financial model
- Know the skills you need
- Have excellent tech support
- Always have a plan-B
- Talk to an expert
The use of technology in business not only secures the present state, but it also has long term benefits, such as:
- Efficiency and Productivity
- Business Understanding
- Scalability
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Steve Niehaus, MBA, CBI
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