Technology Growth Strategies

n today's competitive market, companies need to decide if the cost of building a feature and the time spent on it is worth the value it will provide.

If it’s not worth it or you lack the proper resources to build it, it may be time to partner with another company that already provides what you need.

Technology Growth Strategies
Development, Partnerships, Technology

Thinking about tech partnerships is vital for any organization considering embedding analytics into their product or service.

In a super competitive market, only the companies that deliver will stay alive. You can’t afford to not bring what’s expected of you to the market and fast. So, you need to decide if the cost of building a feature and the time spent on it is worth the value it will provide. If it’s not worth it or you lack the proper resources to build it, it may be time to partner with another company that already provides what you need.

These types of technology partners, also known as product or platform partners, have a best-in-class solution that you decide to build an integration to and launch a new feature with to extend the value/capabilities of your product. It’s okay if these products provide very different capabilities because that is what allows an integration/partnership to complement each other. 

Some of our technology partners include: Microsoft, SAP, and Adobe. As such, we use the following softwares when providing solutions for our clients.

  • Accenture
  • Microsoft Azure
  • HP Inc. And Apple
  • Amazon Web Services
  • Accenture And Google Cloud
  • Microsoft’s Dynamics 365

Some recommendations we provide our customers include:

Leverage the Power of Cloud Computing

In the past, businesses would use programs and applications through software downloaded on their computers or servers to complete tasks. This is not to mean that it was inefficient. For the better part, this worked just fine.

But, cloud technology takes things a notch higher for your business. So, if you want to deploy powerful business growth strategies, cloud technology should be a top consideration.

Is cloud computing something new to you?

Think of it this way. Do you update your Facebook status? What about checking your account balance online? Have you ever shared documents via services such as Google Dive or Dropbox?

If yes, those are all instances of cloud computing.

Power your business by reaching the cloud to use solutions, such as Zoho, that offer a one-stop shop for marketing, invoicing, collaboration, and finance tools.

The benefit of the cloud is that you can manage your business operations from anywhere, anytime, and with any device. Using cloud technology eases your day to day operations, reduces costs, increases productivity, and boosts mobility.

It’s also the best backup and security tool for your files. For example, if you use cloud and you happen to lose your laptop, you can still access your data and files in the cloud.

Additionally, with cloud computing, the servers are off-premise. So, your supplier is responsible for managing them and making software upgrades. You’re free to focus on growing your business.

Big Data Makes You “Big”

With everything going digital, there are literally hundreds of data sources you can use to streamline your business growth strategies. Businesses are getting terabytes and petabytes of data from sources such as mobile and web media, customer service channels, and operational and transactional tools.

When you get the best tools for collecting and analyzing data, the benefits are more than you can imagine. A good example of the use of big data is Amazon’s recommendation system, which uses the customers’ purchasing history and reviews to ensure a personalized experience.

The idea is that you can have access to big data, but you’re not fully realizing its full potential.

When used correctly, big data analytics can help you to:

  • boost performance through enhanced data analysis
  • understand your market and competitor
  • reduce risks through actionable insights
  • improve your services and products
  • monitor and improve your online reputation

Big data analytics has become important to those businesses that want to grow in this age of technology innovation. It offers many opportunities for businesses to understand their customers, improve performance and better customer service.

In the long run, you’re confident about enjoying a seamless operation that boosts business growth.

Productivity Tools Are Key

Maximizing your efficiency through the use of productivity tools is one of the best business growth strategies you need to leverage. Being able to get more done in less time means a lot to your business.

Productivity can help determine your performance and track your progress. Here, you can implement cloud services for productivity, too.

Better productivity in business should be an ongoing strategic initiative that supports the overall growth of the business. Today, millennial workers want access to productivity tools that feature the latest technologies.

For example, having a time tracking software helps to track tasks and determine the ones that generate revenues and those that don’t within a certain set of time. This will help you to figure out the type of tasks you can outsource, combine, improve or eliminate.

Planning tools are also important in your business growth strategies. For example, a calendar system is a must-have. Such tools will help you stay organized, set and achieve your goals, and work within your set period.

Some of the best productivity tools that you can deploy for daily use include Slack, StayFocusd, Google Drive, Producteev, TopTracker, Wunderlist, and MiniNote.

Try Online POS Systems

Well, I know your old cash register has been a true friend; helping you register and calculate those transactions is no joke.

But online POS solutions are the new kid on the block, and your old cash register may not keep up with their performance and efficiency. This means it might be the right time to let go, especially if you’re implementing digital business growth strategies.

iPad and Android-based register solutions are great choices for small businesses that need to streamline their processes. Unlike old cash registers, the initial costs for setting up an online POS system is quite affordable.

They’re not only easy to use, but also come packed with features such as staff management, customer data collection, task automation, inventory management, and other capabilities.

Some of the popular POS options on the market include ShopKeep, TouchBistro, Bindo, and Vend.

Moreover, some of these solutions allow third party integration, meaning you can link sales to a cloud-based system, such as QuickBooks.

Easier Bookkeeping With Accounting Software

Even if you have an in-house bookkeeper or accountant, accounting software still are meaningful tools to use.

The right software will help you to understand the financial fundamentals of your business through tracking and reporting transactions. Moreover, it helps to determine the level of your business’s performance and the effectiveness of your business growth strategies.

With the reporting feature, you can assess the financial state of your business at any given point. The software gives you precise data to use in making sound and informed decisions.

Another great benefit of using accounting software is that it helps to make tax preparation easier. You don’t need to wait until the end of the year to start preparing your cash returns. Some programs, such as QuickBooks, are compatible with popular tax software, which can be integrated to save you the costs of tax preparation.

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