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Last Updated on January 20, 2024 by Work In My Pajamas
The point of so much new technology is to make doing business easier. As companies adopt new technology into the workplace, the hope is that productivity will increase as the amount of work required by humans decreases. As long as this relationship is an inverse one, the business owner should save money and get more productivity for each dollar spent on technology. In addition, this should help the business owner to become more hands off with their company: allowing them to spend their time doing other things as technology brings them closer to having a business that practically runs itself. Here are a few ways to use technology to make this a reality with your business.
In This Post:
Viral Marketing
The beauty of the Internet is that it is a free place to market. Every day people upload videos that go viral and are viewed by millions of individuals. The right video marketing your company’s products and services could have the same viral effect, and that would truly make your marketing efforts more productive. Automatic e-mail responses also help to manage your clients without your needing to constantly babysit the interactions.
NFC Technology
Near Field Connectivity (NFC) Technology makes it possible for all sorts of transactions to take place in a business setting by simply swiping an employee’s or customer’s smartphone near an NFC communication device. Everything from payment information to punching in and out of work can be handled by this use of technology. Plus, the information swiped can be e-mailed or reported on electronically for easy monitoring by remote through your favorite Internet ready devices.
Auto Inventory Management
Many modern Point of Sale (PoS) systems not only keep track of what inventory items have been sold or moved to store shelves, but they also keep track of when your storeroom is low on an item. Not to worry, these POS systems that have this feature are smart enough to know before you do that your stock is low, and they simply order the item from the appropriate vendor for you. Thus reducing yet another task from your daily grind. This leaves you free to put your MBA to more productive use focusing on the growth of your business into new areas of clever monetization.
Custom Technology
While many business owners focus only on technology that exists, forward thinking business owners think about tech that does not yet exist that could make their business operate even better. For example, the NFL now uses helmets that are specially padded to reduce brain injuries, making it easier to maintain teams of players with a rate reduction in concussion style injuries. It is a situation where need turned out to be the mother of invention. This boils down to a business owner finding a need that they can design a technological solution for that makes their business run much smoother and more efficiently, or prevent costly or dangerous accidents.
Surveillance Technology
Cameras and listening devices in the work place can make it easy for a business owner to be fully aware with the goings on of their company. Now that apps and online devices help to stream that information to remote locations, the business owner can monitor everything going on while in transit too. This means they can crack down on problems they see happening by alerting managers and supervisors about areas of concern without needing to be a prisoner in their own office building.
Conclusion
Finding clever technological hacks to making your job as a business owner easy is what the modern age is all about. From using 3D-printers to cut back on logistic concerns to using electronic tablets to train your staff, technology is playing a more pervasive role in today’s companies than ever before. What is making this new way of doing business so amazing is how it provides a business owner with degrees of freedom that were not available in past decades. As electronic devices become smarter and other forms of technology more sophisticated, this will make running a business literally a push-button process that turns science fiction into science fact.
