The global business landscape has been constantly driven by technological innovations over the years and has viewed phenomenal transformation across industry segments. The digital economy has enabled the flat structure of business operations and impacted business efficiency at every level. Technology has undoubtedly influenced the way business’s function. Today, they are connected through extensive digital networks and are driven by huge data across industry and business operations, for instance, asset management, facility management, project management, etc. Furthermore, smart analytics and real-time data feed projected by implemented intelligent software’s facilitates work productivity and brings the required edge to the businesses. Research on ‘Productivity, Technology, and Working Anywhere’ published by The Work Foundation states that 80% of employees have seen a positive influence on their productivity at work. This and many other studies point towards the positive impact of technology on business efficiency and workplace productivity.
Let’s look at how –
Seamless Project Management
Technology has changed the way resources are managed by businesses. From human resources to material inventory, tracking has become real-time and more efficient. The IoT based applications and tools like REALUS are enabling businesses in the construction industry to keep a track of their large inventories and the on-the-floor labour simultaneously. With the help of such cloud-based quality management suite, construction companies can transit from traditional paper-based quality check process to real-time maker-checker process, offering complete control and visibility of their projects’ quality.
Increased Time Efficiency Through Automation
Technology has certainly minimized, if not eliminated, the manual paperwork in businesses. With IoT based tools, most of the functions in a business are digitized which has brought, even the remote teams, closer and made it easier to share, communicate and collaborate. Less to no paperwork has eliminated the waiting period for data amongst the internal and external customers to a great extent and has helped in faster decision making and increased productivity. Software’s like Vasco-VMS and Actif are making roles like visitor management and asset management seamless and time-efficient for organizations.
Businesses rely on many important and crucial functions. From managing payroll to accounting, sales to marketing and branding and many others can be tasking, for both, SMEs and large corporations. Integrated technological tools like payroll software and others, for managing such functions have been aiding managers to streamline their operations, making them quicker and more effective.
Managers across industries require the visibility of their operations. Industries like facility management, real estate, and many others are often faced with critical challenges due to the lack of complete visibility. Efficient software like QUALUS has enabled facility managers to have a vantage view of their operations and manage them effectively.
One of the biggest advantages technological tools can provide is making business operations more organized and time efficient. The task and time tracking tools offered by the integrated industry and function-specific applications allow employees to store and track large data sets and simplify day-to-day operations. Critical and accurate information is secured as data sets that aid businesses in being compliant and well-informed; thus, improving productivity.
Collaborating with internal and external customers draws exponential growth possibilities for businesses. And technology has certainly contributed to this most essential element of a business. Several enterprises worldwide employ cloud-based technology solutions that enable their teams to collaborate and brainstorm concepts, discuss strategies and share data with ease. Such tools offer the flexibility of connecting and accessing information remotely as well, thus boosting productivity.
The technology wave has certainly contributed to business efficiency and workplace productivity. Many software applications are aiding businesses across various industries to manage their resources better and optimize their operations. Technology is enabling organizations to take charge of their projects and operations in more efficient ways. Integrated software solutions are playing an important role in this transformation.