In today’s age, the continuity of a company relies on the degree to which they utilize emerging technologies, tools, and digital transformation. Building, or reinforcing, the mainstays of an organization requires thoughtful, diligent investments.
Thankfully, when it gets to technology, the world has come a long way, with an array of available technologies that can improve organizations’ processes. It provides them with the needed agility to keep up with the market’s demands, and the required resilience to stand tall in the face of threat, both cyber and physical.
Does business technology go beyond digital?
When the word “technology” springs to mind, the usual reaction is to think about digital technology and connecting people, which is what the world has come to. However, some businesses require their employees to be present at their headquarters.
For instance, Honeywell realized that accepting employees in the workplace should be done with extreme caution. Building technologies such as Healthy Buildings allow businesses to confidently, and safely welcome their employees back.
Solutions that deactivate contaminants, clean air, and allow easy and secure access provide employees with the confidence they need to continue giving their best.
But, what about companies that are encouraging remote work?
Expanding the talent pool
A remote workforce has proven to be optimal for some organizations. Instead of swimming against the current, many decided to transform the way they do business and switch to a modern approach that allows them to keep up with the times.
Companies that allow their employees the opportunity to work remotely yield many advantages. Thanks to technologies such as VMware’s, employees are able to perform their best from any app and on any device.
Especially due to the pandemic, remote work has seen an increase throughout sectors. As a result, many SaaS companies have emerged to smoothen the way for organizations with employees outside their jurisdiction.
In addition, thanks to the ability to hire anyone from virtually anywhere, the talent pool has widened, providing businesses with a bigger opportunity to hire qualified candidates.
What’s more, is that many employees tend to appreciate the autonomy and lack of office interruptions, helping them stay focused, comfortable, and at their full work capacity.
Fully leveraging the potential of data
Business Intelligence (BI) is a technology-driven process for analyzing data and delivering actionable information. This allows executives, managers, and workers to make informed business decisions.
By combining business analytics, data mining, data visualization, data tools and infrastructure, and best practices, organizations can fully exploit the insurmountable value of data. These tools can help identify ways to increase profit, analyze customer behavior, predict success, and a range of capacities that improve business decisions.
Going into 2022, businesses must leverage the advantages of BI in order to maintain a fair share of the market, and progressively grow.
What about security?
A modern approach will surely present modern complexities. The threats of ransomware and security breaches have had an overarching, gloomy presence.
Protecting sensitive data was already a roadblock for enterprises during 2021. Many predict that 2022 doesn’t hold any shortcuts toward complete security. And as data regulations and compliance continue to tighten their grip, organizations must adopt newer, better ways to secure their data from breaches and ransomware.
Managing talent—with analytics
The business needs of organizations are changing with time; and with them, their hiring needs. Traditionally, organizations based their talent management purchasing decisions on solutions that included a focus on efficiency and seamless configurability.
Businesses today have shifted their focus to usability and creating an enjoyable, engaging experience for their employees. HR departments should match the expectations of their employees, and become more proactive and analytics-driven.
Investing in business technology
Depending on the sector and nature of activity, businesses can utilize many solutions to their advantage. Whether it is to automate dull, repetitive, and time-consuming tasks; streamline business processes for quicker results; garner valuable insights from data using business intelligence; or safeguard their organization against cyberattacks and possible workplace contamination.
Companies must be strategic about their spending. Conducting due diligence before your company commits to a tech project is critical to maximizing the return on investment.
