Why Businesses Must Stay Up To Date With Innovative Tech In 2021

Whether you’re in software development, finance, retail, or virtually any industry, there is tons of technology that exists to help with the operation of your business – all you need to do is figure out what it is that your business needs.

Whatever your industry, technology is now a key driver for efficiency, business growth, collaboration and, of course, your bottom line. But, with the constantly changing nature of technology in the business world, it’s essential to have a flexible software adoption strategy that allows you to embrace new technologies with ease. Without this, the productivity, connectivity and security of any business will suffer. Take Blockbuster; their failure to embrace streaming technologies allowed media-service providers like Netflix to not only overtake, but dominate.

How can my business avoid failure?

The simple solution is to actively engage with innovative tech to maintain a competitive edge and ensure the success of your business in today’s market.

Business tech essentials:

  • Collaborative communication tools
  • Secure storage tools
  • Data security
  • Analytics and AI
  • Password manager
  • Time tracking tools
  • Sickness tracking tools

How can my business stay ahead of the curve?

With the huge amount of technology on offer, staying ahead of the curve can be a big task – but there are simple steps you can follow to help your business stay ahead.

Determine the needs of your business: what technology is relevant for you? By creating an IT strategy that gauges your technological needs, you can determine the tech that’s most suitable for your business. Once you’ve decided on what it is that your business needs, it’s important to effectively collaborate and communicate with your team to implement new technology and ensure its continued use (How? Read on).

Where to start?

Internal communications platforms like Slack, Zoom and Microsoft teams have shown their centrality to the operation of a business, particularly in recent times. These platforms allow businesses to organise communication and data sharing effectively by compiling multiple functionalities into a single platform.

Password management software works to not only increase the security of your business but to save time and increase operational efficiency.

Take Recrypt; this password manager offers seamless, secure and simple password management designed to empower tech teams to find, use and share business-critical information without compromising security. The software works by generating complex passwords and storing them as “secrets” in digitally encrypted chests, enabling you to grant information to select teams with total control.

With a combination of AES-256 encryption and PBKDF2, Google Powered Multi-Factor Authentication and Zero-Knowledge encryption, Recrypt ensures that your business-critical information is completely safe and useless to potential intruders.

Does my business need a password manager?

Yes, but why?

Most businesses will operate with shared access to multiple accounts and applications on a daily basis (communication and collaboration tools, analytic tools, social media accounts, and so on). However, relying on individuals to manage these login details is impractical and leaves your business open to security breaches with consequences for the business, employees and clients.

How does my business benefit from a password manager app?

Password managers for tech teams minimise the risks inherent with weak passwords by creating complex and unique passwords on your behalf (more than 80% of business breaches are due to inadequate or stolen passwords).

This can benefit your business in several ways:

  • Protecting valuable credentials and reducing the risk of a data breach
  • Strengthening compliance standards
  • Allowing your team to focus on work that matters instead of tedious tasks like password resets

To put it simply, a business password app minimises the complexity of any credential accessed operation while maximising the security of your business.

Preparing your employees for new business software

So, if we know that the success of any business operation relies heavily on the incorporation of new technology, and we know how to keep up-to-date with the technology that is most relevant to your business, how can we prepare teams to use it efficiently?

Whether the adoption of new technology enhances your business or not depends upon how your employees engage with it, and this can be a challenge if handled poorly. There are, however, simple steps you can follow from the start to ensure effective and continued use.

Involve the whole team from the beginning…

  • Keep staff informed and engaged with what technology is being considered, selected and implemented and why.
  • Let them know what the final goals are and what you need from them in the process.
  • Be sure to listen to their contributions; this will enhance employee acceptance and consequently ensure a successful operation.
  • Openly discuss the implementation process and how it will affect both them and the business. Make it clear what this technology will add to the success of the business and how will it make their work more effective.
  • Do a test run with a smaller group. This will prepare you for any concerns that might develop.
  • Offer guidance and training. This will enhance employee confidence and capability. Make sure to appreciate that everyone learns differently.

By following these steps and employing a programme of continuous improvement, growth and learning, with a well-structured software adoption strategy, you can begin preparing your business for the benefits of innovative tech.

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