 Image credit: Negative Space from Pexels Whatever kind of business you happen to run, it is highly likely that there is a lot of software that you need to use on a daily basis. The way in which you use this software is therefore very important, as is having the right software at all. But it can be hard to choose software, and hard to know whether you have made the right choice, so that is a difficulty that all business owners have to try and overcome. In this article, we are going to discuss some of the major reasons why you should aim to use the right software for your business, and why it really does make all the difference. Understanding and appreciating this will help you to make a better choice in the future. It Expedites The Processes One of the main reasons you need to try and choose your software carefully is that having the right software speeds up all of your processes. There is so much wasted time in companies across the globe when it comes to using the wrong technology, and if you are serious about improving how you do things then this is something you will want to focus on more and more. You can expedite all of your processes by simply ensuring that you are using the right software at all times. It’s Unique To Your Needs You need software that answers your actual needs, so that means that you need to choose software that is designed to deal with the specifics of the kind of business you run. The less generic your software is, the more likely it is to be genuinely useful for you in a day to day context. If you run a hospital, a hospital contract management software platform is likely to be top of your list. If you run a dropshipping company, it will be something like Shopify. It’s all about finding the software that is uniquely capable to give you what you need - and finding it might mean trying out a lot of different options before you get there.  Image credit: Startup Stock Photos Greater Efficiency We looked earlier at how the right software speeds things up, and the main reason it does this is that it causes a much greater efficiency across the board, with all of your in-house processes. More efficiency means that you are wasting less time and money, and that your entire operation becomes much more profitable, so it’s definitely a wise thing for you to think about. If you have the wrong software, conversely, then you are probably going to be running a wildly inefficient company, and you will have to make sure that you are doing something about that before it notably affects your profit margins or the experience of your customers. Better Workflow Management There is no business in the world that doesn’t need to think about workflow management, and you need to make sure that you are approaching this in the best way possible if you want to keep things running as they should be. The right software makes all of this easier, and we are not only talking about software which is specifically designed for workflow management purposes. Just giving your employees the software they need to do their jobs right means that workflow management itself becomes a lot simpler to do, so this is a top-down solution that you need to take on board. Cost-Effective There are few things more frustrating for your bursar than when you have to keep on replacing software because it is not quite doing the job for you and your employees. Having the right software is quite simply much more cost-effective, as you are not going to have to replace it or even upgrade it all that often, and you will not be wasting time and money on alternative solutions that just don’t work that well. Clearly, this is a very good reason to make sure you choose your software right.  Image credit: ThisIsEngineering Easier Planning
When you have the right tools in general, planning out what you are going to do in the future is a fantastically easy thing to do. That avoids many of the headaches which are common to running teams and companies, and it means that you can work with greater efficiency, as we saw above. Get the right software, and planning everything out becomes a walk in the park. As you can see, there are many great reasons to make sure that you have the right software. Work on improving your software choices today.
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 Image credit: Alex Knight on Unsplash When people think of Artificial Intelligence (AI), they tend to think of movies where AI goes wrong and threatens the universe. Thankfully, the reality is far more boring.
AI is a range of systems that can perform tasks that generally rely on human intelligence to complete. This can include things like analysis and problem-solving. Marketing Marketers are beginning to use AI for a range of marketing tasks. From automating PPC campaigns to curating content and running chatbots and online chatroom software to engage customers. Amazon is one of the leaders in utilizing AI and use it for a number of things, including product recommendations. Cybersecurity Some companies are using AI to continuously analyse their IT network and identify traffic that deviates from normal activity. When abnormal or suspicious activity if identified, it can then work to protect the network. Cybersecurity is a priority for organizations of all sizes and a successful attack can be devastating both in terms of reputation and financially. Automated Recruitment HR and recruitment can be a very labour intensive process. With unemployment rising in the wake of COVID-19, there are hundreds, even thousands of applicants for every job. AI automation can be used to find and analyse candidate applications. Market Conditions Predicting changing market conditions is extremely difficult. The sheer amount of information that needs to be processed is impossible for a human to do. Instead, large investment firms and hedge funds use AI to analyze and predict the market. Health Care Machine learning is being adopted in the healthcare sector. With it, doctors can detect if a patient with an existing condition is deteriorating and intervene before they need hospital care. The pace of machine learning in healthcare is also leading to the earlier detection of diseases such as cancer and diabetes. The sooner a condition is diagnosed, the more successful the treatment methods can be. This saves lives and saves money. Software Vulnerability Testing Software needs to be airtight when it comes to security. Any vulnerability can make it susceptible to attack. Companies are using AI models to detect vulnerabilities and predict attacks. Behavioural Analytics Using AI to identify negative behaviours is a controversial use of the technology, but nevertheless, some companies are finding it invaluable. It is used to identify bad behaviour within the workforce, it can even predict if someone is unhappy in their job and is thinking of leaving. Automated Accounting Today’s financial transactions take place online. The Fintech sector is incorporating AI into its products in order to automate things such as expense reporting, bookkeeping and data entry. Conclusion Businesses have barely scratched the surface when it comes to implementing AI. The sheer number of potential uses for it is difficult to imagine. As technology improves and the cost reduces, more and more industries are going to start using AI in many areas of their business. |
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March 2023
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