Disruptive technology can help reduce cost in your business operation.
For many years companies have always seek to improve their businesses by adding some technology to their processes. This has enabled vast improvements to sales, customer engagement , logistics , financial and many more processes.
The main financial gain has allowed the cost of the work to decrease and allow businesses to grow in value. The biggest example of them all is when the Internet technology allowed business to start to sell their products via websites. Now the majority of businesses that still operate today all have an online presence.
DateEco can help providing insight into disruptive technology and the best ways to save money. By analysing news, websites, and product reviews, we can help your organisation make the right purchasing decisions and save money in the long run. The main aim of disruptive tech, as it is known , is to save time and hence money. Whether this is by introducing smarter ways to interact with customer data or simply making information more visible to more parties.
We packaged a view of the businesses that are undertaking these innovations and are showing early signs of cost reduction.
Finding the Time to Step Back…
Ideas are a must when operating a business and are often put to the back burner when the time available is taken up by the operation activities. Each business must find a way to set a side some time each year to focus on the future and see what disruptive technology could be nurtured. Many businesses struggle to get out the weeds due to the workloads of the old.
In order for any business to change, they must be prepared to go through the 3 crucial phases.
Phase 1: Is assessing the business is doing the rights things in its operation – stop doing the activities that add little value to the business.
Phase 2: Is doing the right things well and establishing whether you could reduce the time in doing the activity.
Phase 3: Creating time to do something new that is going to add value to your business.
So what about the tech?
Technology was primarily developed to improve our lives and hence the majority outcome of disruptive technology is normally saving time. The computer processing has enabled information to be collected and processed on an immense scale. So whether we can now use phones to record stock taking or simply take an order verbally via Google Assistant we can all save time in some way.
So what’s to loose – dive in today and see what savings you can make to your business.
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