The pace of technological advancement continues to gather significant momentum, and this can be difficult for new start-ups or small businesses to contend with. Even when you consider the increased accessibility of certain technology, many independent businesses feel as though they lack the expertise to embrace innovation.
Despite this, the ability to understand and integrate modern technology remains a true driver of small business growth in the current economy. By leveraging cost-effective technology to improve your venture, you can compete more aggressively with larger and well-resourced rivals.
In this article, we will look at the business technology that can help your venture to grow and achieve its true potential in 2017: –
Corporate Travel Software and Services
If you sell a product or service that appeals to an international audience (or are simply looking to manufacture goods overseas), there will come a time when you or your employees need to travel abroad. This is usually a cost that businesses dread, however, while the logistics of coordinating international travel can be particularly troublesome.
This need not be the case in 2017, as there are now advanced travel ecosystems and services that have reduced the cost and hassle associated with corporate journeys. Take the services offered by brands like Reed and Mackay, for example, which are built on advance software programs that prioritise financial savings, accuracy and real-time interaction.
Such software enables your business to manage all of its travel arrangements from a single dashboard, while also identifying opportunities to save money. As a result, you can invest in corporate travel as a profitable way of developing your brand during 2017.
BYOD and Enterprise Wireless Networks
The release of Windows 10 was revolutionary, due in part to the fact that it ushered in the BYOD (Bring Your Own Device) initiative. While some companies initially resisted this due to security concerns, allowing BYOD users onto your businesses secure wireless network offers you access to numerous cost and productivity advantages.
Perhaps the single biggest advantage is that it saves your company money, which can then be reinvested into the venture and used to cover strategic, growth costs. Essentially, entering into a BYOD program allows you to transfer operating maintenance usage costs to users, while reducing overheads in the future.
It also offers you the opportunity to sell your laptop and computer devices and achieve some form of a return on your initial investment, regardless of their age or level of functionality.
Contactless and Mobile Payment Solutions
2015 saw a seminal change in the retail sector, with the use of debit cards outstripping cash for the very first time. Cash transactions accounted for just 47.2% of all payments during this 12 month period, while this figure is set to fall further in 2016 as contactless and mobile solutions become increasingly commonplace.
Make no mistake; this represents one of the most impactful technology trends for 2016 and one that businesses of all sizes must embrace in the New Year.
While this will require an initial, up-front investment, it is important to estimate your return over time and how contactless payment solutions can increase your revenue streams. The added flexibility that they offer to customers will empower them to spend more, for example, while contactless payment points also help to impulse purchases at the till.
This is therefore an excellent way to grow your venture in 2017, and over the course of the next decade.