Be it through collective farming or assembly-line robots, the need to reduce costs and increase efficiency has always been a driver for business innovation.
Digital tools fulfil this intrinsic need regardless of size or sector.
Chase to the cut
From procurement to pizza delivery, digital tools reduce the cost of doing business. For instance, cloud accountancy and computing systems have been proven to reduce finance and IT costs by over 40%. Inventory management tools help co-ordinate production and supply infrastructure to optimise manufacturing costs. Even a simple motion activated system to turn the office lights off automatically can yield sizeable savings. Messaging, conferencing and other digital collaboration tools reduce travel costs.
Mind your man hours
Automating routine tasks not only frees up employees to work on higher-value tasks but also reduces time and money lost through errors, duplications and fraud. Shared file access and remote connectivity link employees in distributed locations or on the road, collaborate better and focus on value added or customer centric processes. Digital platforms streamline the R&D and innovation function both through the tools they make available and by aiding knowledge sharing and motivating employees to think out of the box.
Big Data on any budget
Any customer focussed organisation can leverage the power of data, through digital marketing tools that collate insights from online communication channels or use customer management tools for customer engagement and retention. These insights can be used to achieve process efficiencies and reduce waste.
There’s one in your size
Digital tools are modular and scalable. Whatever the digital roadmap, companies have a plethora of flexible choices. Automate the entire factory floor or digitise part of the business, check any box that fuels the business objective and fits the budget.
Businesses are hardwired to find ways to control costs without sacrificing the resources needed for innovation, customer service and growth. The case has never been stronger for going digital.