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Important Technology Trends in Business

We live in an age where technology is everywhere in business. Let us look at three ways companies can maximize it.

Better, Faster, and More Convenient

Slow and steady wins the race. Patience is a virtue. While this might be accurate in the well-known Aesop fable of the turtle and the hare, almost a third into the 21st century, it is anything but. This is especially true if you are an enterprise providing a specialized product or service to an important client who cannot wait for you to get your bearings, think, analyze, and finally come up with a solution.

After all, they also have deadlines to meet and people to report to. Furthermore, no matter how wonderful or unique your offering is, at least two or three other enterprises are doing the same at a much more affordable price. As such, the key for any business to thrive, let alone survive in a hyper-competitive environment, is to do things fast and do them well.

Luckily, we live in a day and age where technology continues to provide firms in all industries useful solutions to their most pressing needs. For example, if you are trying to beat the competition when submitting a business proposal, you can now make use of high-tech, intuitive RFP response automation software that not only simplifies the entire process but also breaks down RFP responses into easy-to-manage sections and reduces confusion by including built-in workflows that are easily accessed and edited.

Aside from saving you precious time, these tools also maximize your chances of doing business in the most effective, profitable way.

Global Competitiveness

In the nineteenth and early twentieth centuries, the United Kingdom was the largest geographical empire in history. Its colonies extended from the northern, central, and southern parts of the Americas to Africa, Asia, and Australia. Because of this, there was a phrase often used at the time. If you are not familiar with it, it went something like “the sun never sets in the British Empire.” This meant that British territories were so extensive that at any given moment in time, there was sunlight in at least one of its dominions.

Fast forward a century and a half, and empires no longer exist, at least not from a territorial perspective based on greed and nationalism. The might of the superpowers of today, nations like the United States, Germany, and to a lesser extent China and Japan, are founded on information, influence, and economic capabilities. Essentially, power in the 21st century is measured by the ability to conduct global business.

If your enterprise in America deals with informational technology or network security, you cannot afford to work only on US time. It must be running 24/7. And this not only relates to machines and systems but also to people. You must hire staff all over the world working in a variety of shifts to serve customer needs.

As with most things in modern societies, this is only possible through technology, namely presentation and videoconferencing platforms like MS Teams, Google Meet, and Zoom, and collaboration tools that enable real-time changes regardless of location.

All Things HR

To say the covid-19 global pandemic has changed the way many enterprises do business is the greatest understatement of all time. Over the past year and a half, companies in different areas have been forced to adapt to an ever-changing social, political, and economic environment, one that appears nowhere near the end. If they are to ride the wave and survive the terrible events that are taking place, they must continue to seek better, cheaper, and more efficient ways to run their operations. Naturally, this includes all processes related to human resources and the recruitment of employees.

From a fundamental HR perspective, there are two aspects to consider. The first is finding the right people for the job. While this has been one of the main responsibilities of HR managers for decades, it is still a science that has yet to be perfected and is, sadly, not very accurate.

The reason is simple. Human potential is almost impossible to assess, as is future performance. While the past can give us insight into how a staff member will perform in a specific situation, issues like motivation and dealing with pressure cannot be measured. The second entails onboarding processes, namely the training of employees, so they are ready to perform the jobs they were hired to do.

In both cases, technology has once again come to the rescue. With programs like BambooHR, Talmundo, and many others, companies can conduct remote recruitment and onboarding in the safest, most productive way.

Three technology trends in business are more convenient processes, global competitiveness, and all things HR. They help organizations succeed in the uncertain environment we find ourselves in today.

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