Revenue generation is the name of the game for businesses. That’s why the decisions they make with their available capital are really important. SMBs especially need to have a rapid and noticeable return on their investments if they want to keep pace. To that end, technology is one investment that can provide that kind of fast ROI. Here are three ways you can use technology to benefit your business.
The more efficient your business is, the easier it will be to create revenue. Through efficiency you can accomplish more and have more time and resources to do things designed to improve the overall look of your business. Automating repetitive and mundane tasks in your business’ workflow can bring with it more efficient operations; and, you can use automation in several parts of your business to ensure that the different parts of your business work in concert.
Many of today’s tools also feature machine learning or artificial intelligence that effectively allow them to learn how to do certain tasks better over time or in certain situations. This can come in handy for several parts of your business. Many businesses today want to be able to track data and with AI-enhanced BI or BA software, business owners can get a complete picture of their business with user-customizable metrics that can answer some of the tough questions. This automation takes the guesswork out of business and gives decision makers the data needed to build more efficiency; and ultimately, more effectiveness.
Technology used in business can sometimes be too expensive for SMBs, but today there are ways to cut costs substantially. In hardware, businesses can choose to virtualize their servers to consolidate the number of physical machines they need or they can rent cloud resources and host their servers on those machines. In software, Software-as-a-Service (SaaS) offerings give companies the ability to get the computing they need for short-term commitments so they can scale with their demand.
The more a business can use services to its advantage, the less capital they will need to commit up front. This can be a massive benefit for the business that needs to manage their capital in shorter time frames. Shifting your IT expenses from capital to operational makes a lot of sense for the business that doesn’t have the financial flexibility to invest in huge IT projects, but needs solutions to be more efficient
One of the most important parts about using technology to improve your business is keeping that technology working for you as long as you can. Without proper oversight and maintenance, your IT won’t last and it will end up costing you a lot more than it could or should. Unfortunately, hiring a team of IT professionals can be extraordinarily expensive and the right fit may be difficult to find.
At Netcotech, our technicians work with all types of Edmonton businesses. What we do is effectively what an IT administrator would do, but we do it remotely and we do it for a fraction of the cost. We monitor your IT around the clock to ensure that it is functioning properly. If we find that some of the IT isn’t working as intended, we will sort it out remotely. In fact, a vast majority of IT-related issues don’t have to be downtime-creating problems for your business. If they are caught early and handled properly they can be mitigated fast. Our team of certified technicians do that, and much, much more for a budgetable fixed rate every month.
If you would like to talk about how Netcotech can bring your business the value it needs out of its IT, give us a call at 1-888-238-7732 or 780-851-6000 today.
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.