Modern businesses must rely on various digital technologies to thrive and expand. From accounting, project management, and office communication to customer service and digital marketing, there are multiple solutions that can streamline and ultimately improve business efficiency.
If your business is looking at digital resources to boost internal processes further or enhance the delivery of products and services, consider the following technologies that help drive business growth:
1. Cybersecurity Tools and Services
Cyberattacks happen daily and to all types of entities, including small businesses. So if you think you’re immune to online hacking, think again. Cybercriminals have become more sophisticated in deploying malware, spyware, and ransomware. Organizations must keep up by hiring information technology (IT) experts wherever they may be in the world.
If you want to access one of the best IT service firms in the northeastern part of the United States, consider providers like this New York City IT consulting company to provide you with a vast array of solutions to expand your business.
2. Mobile Technologies
With billions of users worldwide, smartphones have become the most common portable device people use to access the internet. As such, you need to prioritize online presence to drive business growth. The more visible you are in the digital world, particularly on social media and similar online platforms, the higher the chances of your business getting noticed. So check whether your website is mobile-friendly and if it’s easy for customers to engage with your enterprise using their device.
Additionally, tapping mobile technologies, like having a cloud-based phone system, can help develop employee productivity. Allowing your staff to work even outside the office allows for the improvement of workflow efficiency. Mobile technologies will enable them to access, view, and edit specific business data like reports and contracts, considerably reducing their downtime.
3. Cloud Storage Solutions
There are many reasons small businesses should use the cloud. But the changing landscape in the workplace, particularly the steady rise in remote working arrangements, is one of the major drivers.
Businesses no longer have to purchase costly servers and physical storage to access and store data and applications with cloud computing. Apart from being a cost-saving solution, using the cloud allows your business to store crucial business data safely and recover them even after a major cyberattack or natural disaster.
4. Collaboration and Project Management Apps
Businesses, no matter how small, rely on collaboration to ensure smooth operational processes. For instance, your sales team will depend on the marketing or communications team to provide input and materials to attract new customers or nurture leads. Additionally, your project manager needs to stay on top of field projects while performing office responsibilities.
Various collaboration and project management apps allow staff members and managers to experience seamless communication even when they’re not located in one place. With these apps, employees can share and edit documents and reports. Additionally, the team can communicate and overcome challenges or celebrate milestones, improving overall productivity and business outcomes.
5. Digital Marketing Tools
Complementing a mobile-friendly website and a robust digital presence are multiple digital marketing tools to boost your business. No matter how revolutionary your product or service may be, your business can still fail without proper marketing strategies.
Small businesses need to develop a strategic online marketing strategy to thrive in the digital age. Almost half of small businesses shut down within five years of existence due to financing issues, improper management, planning, and marketing problems.
If you’ve started carrying out your marketing efforts, use data analytics to measure performance and find gaps in your strategies. For instance, consider including videos in your posts or using appropriate memes to increase user engagement if those appeal to your customers. Additionally, understand how to reach your target audience better by analysing their behaviours and preferences so you’ll know how, when, and where to post. Digital marketing helps enterprises grow because it can facilitate customer retention, broaden one’s customer base, and eventually increase revenues.
6. Customer Relationship Management Technologies
Customer is king in any business. Without them, a company is left without their lifeblood. With that being said, customer service should be a priority for all enterprises. Businesses must have a clear understanding of their customers in order to provide the right services. Apart from using web analytics, organizations can conduct surveys and institute easy feedback mechanisms to improve customer relations.
All your customer touchpoints—from your website to your social media accounts—should provide a great customer experience, whether they have queries or concerns or want to schedule an appointment. Some customer service technologies allow your business to deploy bots to reply swiftly to customer concerns or help them with basic troubleshooting.
Customer relationship management (CRM) software technology allows you to identify leads, customize marketing pitches, provide faster responses, and promote better customer retention. This all-in-one customer service solution can help grow your business by providing valuable insights into attracting and keeping more clients.
7. Web-Based Payments
Apart from customer relationship management tools, another way to potentially reach a wider audience is to offer multiple web-based payment options. With diversified payment solutions, customers can make purchases on your website and any other e-commerce platform with only a few clicks.
Online payments continue to rise, partly due to the pandemic. With movement restrictions and store closures in effect for most of 2020, many individuals have resorted to online shopping. In 2018, the market was valued at USD$3,417.39 billion and is likely to grow to USD$7,640 billion by 2024, according to industry estimates. The market is expected to steadily increase alongside the continuous hike in global internet connectivity.
8. Technological Outsourcing
Small businesses and start ups consider outsourcing a smart move because of its time-saving and cost-effective benefits. Outsourcing, which uses third parties to perform non-core business activities, helps businesses save on resources, allowing entrepreneurs to focus on things that matter.
Owners can hand over several business activities to external firms that handle human resources, payroll, IT, digital marketing, and accounting. Of these services, IT outsourcing is perhaps the one activity that can save a business the most. By hiring third-party services, a company no longer needs to pay for the monthly salary of in-house IT professionals. They can also skip budgetary allocations for employee benefits, desk and office space, and the purchase of costly IT infrastructure such as servers, networks, and databases, among other IT tools.
Apart from those services, a small business can hire virtual assistants to perform a wide range of tasks, from small and repetitive administrative tasks to heavy and specialized activities related to marketing, that take time to fulfill.
Outsourcing also saves owners and managers time, so they can focus on running and developing the business. In addition, companies can realign the money saved from costly services to either product and service improvements or marketing campaigns.
Depending on your business needs and current situation, choosing one or several of the available technologies discussed above would help ensure that you’re on the right track to reach your goals. With numerous benefits such as streamlining operations, increasing productivity, and making campaigns more effective, technology allows you to experience unrestricted growth and development.