Opening a new location is an exciting event for any business, but it’s not without a litany of difficult decisions to make. One thing is certain, challenges always emerge. One thing you can do is plan your technology needs strategically to avoid headaches in that arena. Today, we take a look at how to best get your new location outfitted with the technology it needs to succeed.
Technology is one part of today’s business world that is known for its rapid rate of growth and innovation. In times when the future is uncertain, you can know with certainty that technology will continue to grow and address the pain points of tomorrow’s companies. That said, let’s take a look back to the past and see if we can make some educated guesses as to what the future holds.
Planning anything is always a grind, and trying to plan the best strategy when you have only a partial understanding of the subject can lead to a lot of waste. Business technology is one of those subjects. Not only do you need to identify what tech will be cost-effective, you need to get a pretty rapid return on the investment you plan to make. That’s why getting a professional perspective is so important in cases like this.
Technology is undeniably important for the future success of your business, but one thing that is continuously overlooked is if the technology that you bring is actually right for your business. Today, we will look at some of the technology that businesses use that can actually have a negative effect on your business’ effectiveness.
The State of Maine in the United States has been the victim of a cyberattack. That’s right, the whole state was hacked by a Russian hacking collective. The state claims that over 1.3 million people’s personal information was compromised via an already known vulnerability in secure transfer service MOVEit Transfer. Unfortunately for the people of Maine, this vulnerability is known to be used by the Cl0p ransomware gang, based out of Russia.
Business Intelligence (BI) is a platform that uses the data that your business creates to help you make advanced business decisions. Starting to use data for business intelligence involves several key steps to effectively gather the data you want to sort through and successfully analyze it in a way that can allow you to understand your business better.
AI, or artificial intelligence, has made significant contributions to the world of business technology even at this stage of the game. AI can be used to streamline your business’ operations and processes, too. Let’s explore five ways that AI can help a business be more efficient and put forth their best efforts.
Video gaming holds a special place in society, with its staggering annual revenue of over $260 billion making it a global entertainment powerhouse. Despite this, many consider it the ultimate time sink. Consequently, few regard video games and interactive media as having any practical application in the business world. Today, we aim to challenge this belief by outlining how video games can actually benefit your business.
Technology is constantly evolving, but over the past couple of years, if you thought of yourself as being technologically savvy, you would have a pretty good understanding of the technologies that are trending in society. Let’s take a brief look at five technologies that everyone should have a good grasp on.
Managing your business efficiently requires judicious allocation of limited resources, encompassing budget, time, and the capabilities of your workforce. It is paramount to ensure their effective management. Let’s delve into fundamental practices that can help you optimize the resources at your business’ disposal.