As a business, can you imagine life without the convenience of project management software, digital marketing, and cybersecurity?<\/p>\n\n\n\n
We can\u2019t either. <\/p>\n\n\n\n
In fact, not many people can. <\/p>\n\n\n\n
Technology has become a tenant of our life\u2014whether social or business. It has the ability to power growth and communication, increase business efficiency and profitability, improve the ROI, encourage better risk management, induce employee engagement, reduce business stress, and make remote businesses successful.\u00a0<\/p>\n\n\n\n
In short, technology is the key to the future. <\/p>\n\n\n\n
So, if you\u2019ve been ignoring technology and its many facets in favor of tried-and-true methods of running a business, know that time\u2019s running out. The future stands on the foundation of technology, and if you want to stay successful as a business, then you can no longer devalue the importance of technology<\/a>. <\/p>\n\n\n\n Rather, you should embrace <\/em>it. <\/p>\n\n\n\n Here are some reasons why you should use technology to optimize your business:<\/p>\n\n\n\n Have you ever struggled with contacting an employee or communicating an idea to someone without success? <\/p>\n\n\n\n Chances are, you have. <\/p>\n\n\n\n All businesses struggle with communication breakdowns one in a while. After all, it doesn\u2019t affect your business much if a certain employee is away from their chair and unable to respond to your calls-but only if it happens once <\/em>or twice.<\/em> <\/p>\n\n\n\n If communication breakdowns are part and parcel of your business strategy, think again. Not only do breakdowns reduce efficiency, lead to employee demotivation, and operational inconsistencies but also increase chances of risk and customer churn\u2014which can lead to a downturn in ROI and business profitability. <\/p>\n\n\n\n So, as a business, you should start relying on different applications and software, such as Slack, to encourage smooth communication. By doing this, not only will you increase employee motivation, smoothen operations, and ensure effective risk management but also allow your employees to become well-coordinated and efficient\u2014maximizing your ROI and profitability. <\/p>\n\n\n\n In 2013, Target suffered a data breach that exposed the credit and debit details of around 40 million people and, as a result, had to pay more than $18 million as part of a settlement to 47 states. <\/p>\n\n\n\n Why did Target suffer this breach? <\/p>\n\n\n\n Because its technological systems weren\u2019t as protected as they should\u2019ve been, leaving them vulnerable to malware and phishing attacks. The lack of segregation between data networks also played a part. <\/p>\n\n\n\n All customer information was stored in one place; as a result, when hackers got into Target\u2019s systems, they were able to access millions of customers\u2019 credit and debit card details without any problem. <\/p>\n\n\n\n In fact, it is predicted that by 2025, cybercrime will cost companies worldwide a hefty $10.5 trillion. And cybercrime is not benign. It can cause businesses to lose data, disrupt business operations, cause revenue losses, and even cause damage to brand reputation that will be impossible to recover from.\u00a0<\/p>\n\n\n\n And the worst thing is that according to Accenture\u2019s Cost of Cybercrime Study, despite around 43 percent of cyberattacks being aimed at small businesses, only 14 percent of them are ready to defend themselves. <\/p>\n\n\n\n So, as a company, instead of living with lax security protocols, make sure that every aspect of the business is defended if you want to remain successful and competitive in the market. <\/p>\n\n\n\n Have you ever had to manually type out an invoice? Or segregate data from data blocks?<\/p>\n\n\n\n If you have, then you know that manual and unoptimized processes can take a hefty bite of time and effort, leading to frustration and annoyance but also operational inefficiencies.<\/p>\n\n\n\n So, what can you do?<\/p>\n\n\n\n Rather than typing out an invoice manually, you could use an online receipt maker<\/a>\/ invoice maker<\/a>. If you deal with freelancers, instead of assigning projects on a WhatsApp or Slack group, you could utilize a project management software like Asana, Wrike, or Trello, increasing operational efficiency and allowing you to track employee work hours easily. <\/p>\n\n\n\n If you\u2019re struggling to manage payrolls, you could go for software like Zoho, which would track employee hours and manage the business payroll for you. <\/p>\n\n\n\n Not only will business automation increase efficiency but also help your business cut out wastage, increase efficient management, and improve ROI\u2014which is the aim of doing business, anyway. <\/p>\n\n\n\n7 Reasons to Optimize Your Business With Tech<\/strong><\/h2>\n\n\n\n
1. Allows for Faster Communication<\/strong><\/h3>\n\n\n\n
2. Increases Security<\/strong><\/h3>\n\n\n\n
3. Increased Operational Efficiency<\/strong><\/h3>\n\n\n\n