It goes without saying that technology has done amazing things for people all over the globe. However, that's only true if it's put into place properly, thereby enabling humans to harness the power of automation, efficiency, and problem-solving. As we look toward 2020, technology in the workplace needs to be a priority. Why? Let's take a look!
1. Reduction of Human Errors
The more automated you're able to make your workflow, the fewer human errors you'll need to deal with. Even the smallest errors, after all, can actually cost you big bucks in the long run. Human error is actually attributed to billions of dollars in losses in the U.S. and U.K. each year, and if your company hasn't automated as much as it possibly can within your organization, you're likely contributing to this number.
2. Increased Efficiency
As the old saying goes, time is money, right? If you don't want to lose money as a result of bottlenecks within your organization, you need technology to perform tasks wherever it's possible. Not only that, but you need to employ the kind of computerization that can identify bottlenecks when they occur so your workflow isn't stuck in limbo while your customers wait for your products and services.
3. No Downtime
Computers don't take vacations, call in sick, or have disagreements with colleagues that can render them useless for days on end. Sure, they might need a reboot from time to time, but when you invest in high-quality software and hardware solutions that are best suited for your unique business, you won't have to deal with the kind of downtime that can cost your company tons of money.
Here's the thing, though—you need to have technology that's up-to-date with today's business needs. If you're still relying on outdated technology from the days of old, you might actually be spending more than you're making when you put it all down on paper. According to a 2016 survey, outdated technology costs U.S. employers as much as $1.8 trillion due to wasted productivity that results from outdated infrastructures.
4. Increased Security
We've all heard about the big data breaches in recent years. Some of the most monstrous companies thought they couldn't fall prey to attacks like that, but they were wrong. Unfortunately, many small and medium-sized businesses think they're not targets because they're under the radar in terms of the kind of cash many thieves are looking for. That assumption, however, is very incorrect. No matter if your company has two employees or two million, your computer systems harbor a lot of sensitive information. Unsavory people are interested in everything from employees' personal information to customers' credit card numbers. If your workplace technology isn't up to snuff, you risk being hacked and exposed to serious risks, penalties, and financial losses—not to mention major hits to your brand's reputation.
To arm yourself as best you can against the bad guys, it's imperative to invest in workplace technology that puts safety at the forefront of development. If you're not sure if your system's secure enough, it's probably not. Talk to experts who can audit your technology to ensure the privacy and safety of your employees, customers, and vendors.
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