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It’s Time To Enhance Business Growth With Technological Changes

Technological business changes are a given in today’s world. From construction yards to FinTech, advancements are required for health and safety, meeting customer expectations, and staying relevant. New technologies also open up opportunities for your business to enhance services across the board. It can be mind-boggling how quickly tech moves. 

So, where do you start? From smart contracts to VR and AR, our collaborative blog offers suggestions for technological business changes for growth to consider seriously.

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Enhance Business Growth with Technological Changes

Agile Development Across the Board

There have been many changes to development processes over the years, and each business type can use one or more iterations of popular cycles. However, traditional, slower models are facing replacement by faster, more agile systems for rapid development. Any reputable DevOps consulting service can work with you to adopt new technologies, processes, and development cycles across digital platforms, digital commerce, and large-scale data-driven systems. It’s vital to embrace cybersecurity practices simultaneously as you enhance business growth with technological changes.

Technological Business Changes to Contracts

The global pandemic has forever changed how we conduct business. Limitations and restrictions forced firms to adapt, and one key way they did this was to embrace smart contracts. Smart contracts are nothing new, but because of COVID-19, we were forced to use them more. Their convenience, speed, and security mean they are used across all sectors today, from retail to FinTech. Today, the smart contract industry is valued at almost $400 million. The valuation is cause to believe you can implement technological business changes for growth.

The Internet of Things (IoT)

Smart devices and the connected nature of the world and business mean you must embrace these technologies to meet customer expectations. However, the Internet of Things drives growth, productivity, and adaptation more than communication protocols. Smart-enabled devices can communicate with each other as smaller parts with independent processes and as part of a greater whole. This tech works well across retail, manufacturing, and civic services.

Data-Driven Actions and Results

You will have heard of the data revolution that has been happening over the past few years. Everything today is datafied, and there are good reasons for this. Data is more valuable than money because it allows you to target specific processes, customers, or services. Everything around us collects data, from our phones to AI-powered appliances. You can use all this data to make actionable business decisions with little room for mistakes with relevant data.

Artificial Intelligence, Of Course

Of course, the most significant technological change in recent memory is the embrace of artificial intelligence (AI). AI brings us closer than we have ever been to rapid, accurate, and data-driven results. Across all sectors, businesses are embracing AI for many valuable reasons. Generative AI can help speed up the creation of products, ads, and services. AI can also save a business a lot of money because you no longer need to hire expert services for a project.

Here are some business facts concerning the use of AI in modern businesses:

• 80% of the best-performing companies use AI in sales and marketing.
• 74% of major businesses have a plan for increasing AI investment.
• 63% have seen solid ROI and revenue increases because of AI usage.
• 60% of retail companies use at least one AI system in one more service.
• 58% of organizations use AI in at least one embedded business process.
• 44% of companies state they have seen significant savings from AI.

Source: https://www.ditdot.hr/en/technology-trends-in-business 

AI comes in various forms, and you get what you bring to it from it. Anyone can say, “Write me an ad for whatever.” Yet if you want the best from AI systems such as ChatGPT, Perplexity, and Midjourney, hiring professional, prompt engineers may be necessary to use them well. Prompt engineering is a new career born from AI. It aims to enhance how we use AI and do so correctly for the best results. It is a career genuinely on the frontier of our new AI world.

Apps and Virtual Engagement

We rely on remote systems more than ever. During COVID, there was a shift to remote services because of the nature of the situation. Today, we have embraced remote systems because of their many benefits. For example, 80% of B2B sales occur via remote systems. Virtual engagement is taking over as the most sought-after method of business engagement. Customers no longer want long sales presentations with too much data in stuffy rooms.

Blockchain Services and Systems

Blockchain is synonymous with cryptocurrency because it handles ownership ledgers in an almost unhackable way. However, there is much more to Blockchain than handling the crypto exchange. Blockchain services can offer a digital solution for handling interactions between multiple organizations. Of course, your business can also use Blockchain services to handle transactions in a highly secure and traceable manner for customer and business peace of mind.

VR for Technological Business Changes

Virtual engagement via remote services such as smartphone videos changes how we conduct business and make sales. Taking it one step further, prospective customers and clients can engage with your service in a personal way through virtual reality (VR). Today, over 90% of companies use VR and its cousin, AR, to engage with customers. For example, car manufacturers now offer VR tours of new models that feel like you are sitting in the real thing.

Enhanced Cybersecurity

Unfortunately, the issue worsens with online fraud and intrusion being common knowledge. Today, cybersecurity problems cost businesses over $430 million per year all over the world. No business is off-limits for a cyber-attack; even smaller companies are becoming larger targets. The reason is that, as an SMB, hackers expect you to have limited security. Be alert for not giving them the pleasure and play these criminals at their own game. 

There are always technological business changes for growth that almost all companies will have to make. It includes adopting agile development processes rather than relying on traditional slower systems. Of course, AI is becoming more commonplace across all sectors of business, production, and customer service. 

In Conclusion: Enhance Business Growth with Technological Changes

Take Note: cybersecurity is another significant issue your business cannot drag its heels on. Today, small businesses are big targets, and cyberattacks are rising, regardless of company size, and affect individuals, too. Enjoying a long-lasting business and career requires embracing technological business changes for growth today and into the future.

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Sales Tips: Technological Business Changes for Growth

1. Know the needs and desires of your audience, including your next new employer, in detail. Be Inspired and Inspiring!
2. Make cybersecurity a top priority for both self and business.
3. Make it a daily habit to research updates concerning your security.
4. Ensure staff is well-trained in preventing cybersecurity.
5. Put cybersecurity for individual endeavors at the top of your to-do list.
6. Exchange news with trusted peers concerning security.
7. The moment a potential hack seemingly appears, take precautions to eliminate it.
8. For business growth, stay abreast of the latest technology updates and how you may adapt them to your efforts.
9. Only test one new strategy at a time to ensure it works properly as you enhance business growth with technological changes.
10. Celebrate Success!

Today’s insights are provided to help you achieve the Smooth Sale!

RESOURCES FOR PERSONAL AND BUSINESS GROWTH: 

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SalesPop!   Purveyors of Prosperity; How to Compete against Yourself to Excel in Your Career.
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