In today’s competitive age of digital transformation and evolution, few things deliver more benefits to companies than investing in the right technology.
Innovative tools and solutions have emerged in the corporate landscape to assist with everything from scheduling and staff training, to managing customer relationships, improving productivity, and enhancing workplace efficiency.
While investing in technology can seem like a complex and expensive process at first, it also has the potential to deliver amazing benefits in the long-term.
Here are some of the technologies that businesses can leverage today, capable of delivering a fantastic return on investment.
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The Cloud
Today, countless companies have begun making the transition into the cloud for a number of reasons.
Flexible, agile, and inherently scalable, cloud technologies empower companies to leverage the exact solutions they need for their business, without investing in comprehensive in-house hardware, maintenance, and technical experts.
Today, there are numerous ways companies can unlock the value of the cloud with software as a service package.
Solutions range all the way from managed security and compliance services to communication platforms where employees can collaborate and share knowledge with nothing but an app on their desktop or smartphone.
Cloud-based services are generally cheaper than purchasing and installing solutions in-house, and they can easily evolve with you as your business grows.
VoIP (Cloud Communications)
One area of the cloud capturing significant attention in recent years is VoIP, otherwise known as Voice over Internet Protocol.
VoIP communications are quickly becoming the new standard for many business leaders who need to keep their teams connected, and communicate with customers, particularly as solutions like PSTN and ISDN connections are shutting down around the world.
VoIP solutions can deliver several benefits to companies, including the opportunity to cut down on the expenses associated with managing in-house technology.
With VoIP, companies can ensure employees can operate and communicate from anywhere easily.
What’s more, communicating with long-distance customers, clients, and partners is generally cheaper with an IP communication service.
Fuel Cards
Gas cards might not seem like an obvious choice when you’re looking for ways to leverage technology for business benefits, but they can deliver some amazing opportunities.
Using a fuel card and accompanying fleet management tool, companies can reduce their spending on fuel by monitoring purchases, setting spending controls, and more.
Many of the best fuel cards in the market today come with easy to use software connected to them, which help business leaders to keep track of important metrics and analytics.
These solutions can even provide your company with exclusive access to discounts from leading fuel providers.
Used correctly, fuel cards can help you to reduce your emissions, improve efficiency, and minimize costs.
Automation
Automation is one of the most impactful technologies in the digital landscape today.
It offers companies an opportunity to delegate time-consuming and repetitive tasks to technology, so employees have more time to focus on jobs that generate real value for the business.
There are numerous forms of automation tools available, from RPA (Robotic Process Automation apps) to automated platforms for marketing and sales.
Automation technology streamlines processes and reduces a company’s need to hire additional professionals for a range of tasks, from data entry to customer service.
Although it can take a while to get your automation strategy up and running, you’ll find investing in the right tools not only saves you money but helps to make your team more productive too.
Artificial Intelligence
Finally, artificial intelligence is another disruptive, and powerful tool companies can use to minimize costs, improve efficiency, and unlock new opportunities.
Like automation, there are various ways companies can unlock the benefits of AI for their companies.
You can use artificial intelligence in reporting and analytics tools to help you pinpoint market trends and opportunities and find new ways of streamlining business processes.
AI solutions, like automation tools, can also handle processes on the behalf of employees, reducing the number of staff members you need to hire.
AI bots and virtual assistants can answer common customer questions and even complete tasks like processing payments, so you can offer 24/7 customer service to clients, without paying for employees to work around the clock.
Save Money With Technology
Technology provides companies with a host of different ways to cut costs by improving productivity and efficiency, while minimizing unnecessary expenses and processes.
Investing in the five innovations above could help your organization to become more cost-effective and profitable, while also ensuring you can differentiate yourself from your competitors with better service and experiences for customers.
