Why Keeping Up to Date with Technology is Important for Your Business

January 23rd, 2018

Why Keeping Up to Date with Technology is Important for Your Business

Technology has revolutionised the way we live, love, work and think, and it will continue developing for as long as humans inhabit the Earth. Yet, the rate at which technology is advancing can be daunting for any business owner, especially for those who resist change.

However, such people may be looking at it the wrong way. Rather than being intimidated by it, one should keep in mind that the whole point of technology is to simplify our lives, and it should be viewed in terms of how it may help our business flourish.

Here are five of the many reasons hopping on the technology bandwagon is crucial for your business:

1 . Online Presence/Staying Relevant

One need not have a technology-based company to make use of technology in their business.

Most people are online nowadays, not excluding potential customers as well as business competitors. Therefore, refusing to have an online presence – wherein clients can find your product and interact with you – can be detrimental to your business. Business owners should take full advantage of the technology available in order to maintain a competitive edge and to prevent failure due to technological deficiencies.

2. Efficiency

Tedious, time-consuming tasks generally take a fraction of the time with the use of technology, which in turn, improves the fluidity of your business operations. Efficiency equals saving money, as well as increasing revenue.

3. Worker Productivity

With the implementation of the right technology and software solutions, staff feel less overwhelmed. Worker motivation and productivity increase and staff turnover decreases.

4. Saving Money

When the latest and most effective technology is properly harnessed, the cost of running a business will reduce drastically. In implementing the right software solutions, you not only increase productivity in your establishment, processing fees and other significant overhead costs are also minimised.

5. Staying Organised

Software solutions offer a level of organisation that surpasses human capability. Technological innovation has been instrumental in assisting companies with reducing mundane paperwork, enabling them to use the time saved more effectively.

iKentoo does all of the above. iKentoo is an iPad-based POS software that was developed for the hospitality industry. With it, you can manage inventory, change prices, do payroll, keep track of staff activity…basically anything to do with managing your establishment from anywhere, without being anchored to the actual place your business is located.

There’s no escaping technological advancement and its impact on the world. But as the saying goes, ‘If you can’t beat them, join them’. Having your business logistics sorted means having more time to focus on the fun part of running your business. Click here for further information about the iKentoo POS system, and see how Sixteen Ltd. can help your business flourish in Malta.

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