Technology has been at the forefront of business development for decades. However, as technology has begun to advance more rapidly, so too has the need for nearly instantaneous business transformations. Across the globe, enterprises are using technology to enhance productivity, improve innovation, draw closer to customers, and create new business models. However, as technology advances so too does its complexity, which means that enterprises must choose wisely if they want to successfully edge out their competition by transforming.
It is true that technology as a whole has numerous benefits, and yet certain technologies are advancing more quickly than others. A recent economic report showed that technologies associated with the cloud, Internet of Things, and mobility were on the rise. The report went on to note that there is an ever-growing need to outpace existing and new competitors, which has led to the rapid adoption of new, innovative technologies. In fact, if you want to enhance job satisfaction, improve productivity levels, reduce inefficiencies, and more effectively “achieve the bottom line,” then you need to carefully choose the right types of business technologies by remembering the following insights:
Transforming your business is a task that should not be approached lightly. In fact, choosing the right technologies is not only a financial decision, but it is also marketing, brand recognition, and company shaping the decision. With these high stakes in mind, here are a few must-have technologies that will help your business continue to grow, develop, and achieve industry success.
The Bottom Line: The Right Technologies Will Depend On Your Business Goals
Determining the specific technologies that you need to transform your business will depend on your current and future goals. By understanding where you want your business to go, you can choose the technologies that you need to support innovation, growth, and success. With this in mind, no matter your business goals, you will want to ensure that you leverage the power of mobile, automation, and collaboration technologies to streamline efficiencies, increase productivity, reduce costs, and promote business transformations. To discover the specific technologies that you need to transform your business, contact Dynamic Quest today!
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”