Businesses that utilize innovative technologies often come out better prepared to compete as they grow. This is why many companies are constantly looking for innovations that improve operations and reduce costs. small businesses like yours can take advantage of new technologies as well – just follow our tips.
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Being an early adopter
One of the biggest factors in determining how successful you will be in the SMB exploit new trends is how early you get in. Careful investment in buy-in source with high and / or long-term commitments. Focusing on low cost IT solution that allows you to test and see how well they work for you, and also let you pull out without suffering heavy sunk costs.
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Invest in the right tools
new tech can be expensive, so how one can take advantage of emerging technology trends without spending too much? The trick is to repurpose existing technology to do the same thing with the new technology.
For example, John Deere has sold farm equipment for more than 150 years, with no signs of slowing down. When the Internet of Things (IOT) craze began, John Deere think that IOT will change the way they serve their customers’ vehicles. But instead of shelling out money for new IOT devices, they simply use a mobile device that is already available and GPS technology. This tactic enables brands to jump ahead of their competition, especially those who choose to wait for the price drop in new technology.
With a bit of creative brainstorming, most business models can truly integrate new technology into their processes. For example, at first glance, it appears that clothing retailers have no use for AI that has the ability to learn deep.
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Preparing difficulties that may
new tech inherently comes with the implementation and integration difficulties. But what if you can not find a way to products or services to directly interact with the new trends on? The next best thing is to provide solutions to the problems presented by it. Are interact with popular applications or activity takes a lot of battery of mobile devices? Remind passers-by that the outlet is available to the customer, or that you sell mobile phone battery packs. Does it need to drive all over town? Inform customers of your latest car rental promotions. Sometimes only associate ourselves with sufficient trend.
Not sure how to integrate your business with the latest technology fad? Turning to us – we are expert on all things technology-related, whether it is a machine learning or Oculus Rift. No question is too trivial – consult with us today!
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