The first months of every new year are like a roll call of cutting-edge technology that you could be using to make your business more efficient and more profitable. No matter the size of your company, no doubt spending some money to increase connectivity, access and delivery might ultimately work toward your bottom line.
1. Business Integration
Implementing technology like Demand Planning systems or digital supply chain management can improve your forecasting abilities and inventory management. Programs that combine order history with market research data can take much of the guesswork out of sales projections. Automating processes like product counts and purchase orders could do everything from increasing your business’s fulfillment speed to accountability as both purchasers and suppliers could have access to real-time order status.
2. Wireless Conference Rooms
Savvy business owners that regularly meet with customers, peers or other professionals can do so more often and easily now that virtual conference rooms are becoming easier to construct. With wireless screen-sharing and streaming video, you could connect your conference room to several others across the world. It is even possible to sit in on a meeting while you’re on vacation via your laptop.
3. The Internet of Things
Basically, the Internet of Things is a concept of connecting anything in your business with an on/off switch. Automating as much as possible often improves efficiency and decreases waste. Your copy machine could automatically order more toner as it runs low. You could also remotely control lights, cameras, security systems and start your coffeemaker 15 minutes before you arrive at the office.
4. The Cloud
Cloud computing is the method by which you create a company database that is accessible from any internet-enabled device, such as laptops, tablets and smartphones. It can enable an employee to view and edit any file or program from anywhere in the world as well as provide a platform for instant communication via email or text message. It can also be a third backup for your business’s systems in case your primary and redundant server fails.
5. Augmented Reality
Augmented reality devices are the new wave of idea-sharing technology. They can allow a real-time, interactive display of products. Coupled with your wireless conference room, you can collaborate with developers or buyers anywhere to share your innovations or merchandise.
There seems to be no limit to what technology can and will be able to do. As it continues to develop, taking full advantage of these systems may help your business grow.