Technology is the backbone of the modern-day economy. Enterprise tech is an exceedingly vital component in starting and running a business. Entrepreneurs have virtually limitless technical tools and solutions at their disposal to make business operations more efficient, reliable, faster, and easier. Technology can streamline a wide range of business processes, including financial management, workflows, marketing, customer services, product/service design and delivery, commerce, and asset management.
One thing about technology, though, is that it evolves rapidly. Some tech products from just a few short years ago can seem outdated, cumbersome, or irrelevant compared to what we have today. As a business leader, you must keep an eye out for emerging tech solutions, trends, and innovations to maintain a competitive digital advantage. Here are six enterprise technologies worth investing in today:
Remote collaboration tools
The traditional 9-to-5 workplace is quickly shifting to remote and hybrid work. Research by the Australian Institute of Family Studies (AIFS) shows that about two-thirds of Australians work from home part-time or full-time. This uptick in hybrid and remote work was triggered by the COVID-19 pandemic, but these flexible work arrangements have since won favour with many employees and employers alike.
A hybrid workplace needs various technical tools to support remote communications and collaborations among workers. Luckily, you don’t need to build custom remote work solutions for your workplace. There are numerous remote work tools ready to use right off the box, such as Zoom, Trello, Slack, Teams, Basecamp, and many others.
If you’ve not taken your business online yet, you’re missing out on incredible marketing, outreach, and trade opportunities. According to the Digital 2022: Global Overview Report, the average person spent nearly seven hours a day on the internet in 2021. We spent a whopping 12.5 trillion hours browsing social media, websites, apps, and streaming services in one year alone. This should give you an idea of the massive audience that awaits you online.
Regardless of your business model, you can tap into the online space in one way or another. For instance, you can easily market your brand, generate leads, and sell your products or services on the internet. All you need is an online presence through social media, an e-commerce website, a blog, or even a forum.
Business analytics means using statistical methods and tools to analyse historical data in order to draw valuable insight into business performance. Businesses collect a lot of raw data from consumers, business transactions, and sales figures, which can inform critical business decisions if analysed thoroughly.
Nowadays, you don’t need a pen and paper to analyse business data. Powerful AI analytics technologies such as big data can reveal real-world patterns hidden deep in vast volumes of unstructured data with incredible accuracy and speed.
The cloud is one of the fastest-growing digital enterprise solutions. Cloud computing is a cost-effective, safe, and convenient way for businesses to access and utilise powerful computing resources. It’s a broad field comprising several distinct technologies, such as:
SaaS: Software as a Service
PaaS: Platform as a Service
IaaS: Infrastructure as a Service
DaaS: Desktop as a Service
FaaS: Function as a Service
BPaaS: Business Process as a Service
Adopting cloud-based business solutions such as VoIP phones, SaaS applications, hosted servers, and online data centres can drastically reduce your capital IT investment and operation costs. The cloud will also give you access to cutting-edge computing power that would otherwise be out of reach.
Investing in cybersecurity is a must for every business handling any form of data, digital processes, or online transactions. The scope and scale of the cybersecurity framework will depend on your business model and IT footprint. Based on your organisation's risk surface, you might have to implement robust cybersecurity solutions such as:
Network security systems
Access and user authentication tools
Anti Malware applications
Browser screeners and spam filters
Systems monitoring tools
Data backup and disaster recovery systems
Automation is the heart of digitisation. The whole idea of digitisation is to make work much faster and error-free by minimising human effort. Again, your business model and IT infrastructure will determine the level of automation and the tasks you can actually automate. For instance, you can install Internet of Things (IoT) devices to automatically adjust the workplace atmosphere, AI systems to manage data processes, and marketing tools to generate and convert leads on your behalf.
We cannot overemphasise the importance of technology in running a business. As a small business, you can leverage virtually limitless cutting-edge solutions to gain a footing in your niche and compete at the same digital level as larger firms.
But high costs can get in the way of digitisation; after all, tech is not exactly cheap. And that's where GRENKE comes in. We give businesses like yours a leg up in digital transformation through financing solutions and affordable equipment leases. Contact us to learn more.
Talk to GRENKE today!
As one of the leading financial service providers in the Irish market, GRENKE’s slogan is ‘Fast, Forward, Finance’. GRENKE offers entrepreneurs fast and flexible financial solutions through a range of services including leasing and invoice finance. We match the perfect financial solution to your unique business needs, from small businesses to large enterprises.
Over the last 40 years, GRENKE has provided leasing to numerous styles of businesses and organisations; sole traders, partnerships, public and private limited companies, associations and organisations, medical, health, and educational providers, public hospitals, semi-state institutions, Government bodies and so much more.
Our expertise and strong market position are no coincidence. If you are a business owner looking for financial solutions in Ireland or professional financial advice on fast and flexible financing, talk to us today!