Benefits of Investing in Technology
David Solomont, experienced tech investor, advisor and entrepreneur, indicates that technology will help you to have an innovative company that allows you to differentiate from your competitors. Whether in products, services, processes or even in the management model, innovating allows obtaining competitive advantages.
Despite this, most entrepreneurs are not clear about the importance of acquiring and investing in technological infrastructure, thus risking lowering the profitability of their company.
“To be leader in the market, you have to compete more and more. Having integrated information systems that generate solutions that allow you to automate all your processes in terms of documents, time, sales, billing, among others will help you to achieve your goal,” says David Solomont.
Here, Solomont provides details on the benefits for companies which in their business transformation process decide to invest in technology.
1. Greater competitiveness: Those companies that care about technology will be able to better face new challenges, while those who do not worry about innovating in this matter may face problems, since their competitors will make that investment and become closer to the clients.
"The competitiveness processes of a company are related to technological innovation, since to improve the quality of a product, improve the marketing strategy or internal processes, it is necessary to invest in technology", explains David Solomont.
2. Market penetration: To the extent that the processes and systems are friendly, easy to understand and manage, they will improve relationships with customers and suppliers. This will also allow the company to grow the number of clients, without affecting the quality of the service.
3. Assertiveness: A company that invests in technology has the ability to evaluate and make decisions on time, avoiding unnecessary expenses for the organization.
"Many times companies fail to identify natural deviations in business transformation processes, so it is recommended that an external entity evaluate the pros and cons of the processes that are carried out, correcting problems when necessary", adds David Solomont.
4. Work environment: The friendlier the technological processes are, and the easier to understand and use by employees and management. The work environment will improve exponentially.
"The level of stress will decrease and the staff will not have to resolve emergency situations that normally occur due to the management of systems and processes that have become outdated," Solomont adds.
5.Productivity: Having better technology allows organizations to unload heavy operational processes that take time. That "earned" time will allow employees to focus on productive and important projects for the company.
6. Turnover: David Solomont, CEO of evTS, indicates that technology innovation should always be viewed as an investment, never as an expense. For this reason, it is essential to take into account the impact that investment in technological innovation would have on the company's billing, since there should be no investment in the company that does not have results in billing.
“To be leader in the market, you have to compete more and more. Having integrated information systems that generate solutions that allow you to automate all your processes in terms of documents, time, sales, billing, among others will help you to achieve your goal,” says David Solomont.
Here, Solomont provides details on the benefits for companies which in their business transformation process decide to invest in technology.
1. Greater competitiveness: Those companies that care about technology will be able to better face new challenges, while those who do not worry about innovating in this matter may face problems, since their competitors will make that investment and become closer to the clients.
"The competitiveness processes of a company are related to technological innovation, since to improve the quality of a product, improve the marketing strategy or internal processes, it is necessary to invest in technology", explains David Solomont.
2. Market penetration: To the extent that the processes and systems are friendly, easy to understand and manage, they will improve relationships with customers and suppliers. This will also allow the company to grow the number of clients, without affecting the quality of the service.
3. Assertiveness: A company that invests in technology has the ability to evaluate and make decisions on time, avoiding unnecessary expenses for the organization.
"Many times companies fail to identify natural deviations in business transformation processes, so it is recommended that an external entity evaluate the pros and cons of the processes that are carried out, correcting problems when necessary", adds David Solomont.
4. Work environment: The friendlier the technological processes are, and the easier to understand and use by employees and management. The work environment will improve exponentially.
"The level of stress will decrease and the staff will not have to resolve emergency situations that normally occur due to the management of systems and processes that have become outdated," Solomont adds.
5.Productivity: Having better technology allows organizations to unload heavy operational processes that take time. That "earned" time will allow employees to focus on productive and important projects for the company.
6. Turnover: David Solomont, CEO of evTS, indicates that technology innovation should always be viewed as an investment, never as an expense. For this reason, it is essential to take into account the impact that investment in technological innovation would have on the company's billing, since there should be no investment in the company that does not have results in billing.
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