Recently, all we keep hearing about are the bankruptcies of reputable, well-established retail businesses and the closing of brick and mortar stores. The most recent examples include Mexx Canada, Boutique Jacob, SmartSet and many others. Most of these big-name companies seemed to have struggled to keep up with the changing retail environment causing them to fall way behind. Read more
Strategic Planning is often a process that is pushed aside by many business owners. Most of the time, many complain that they don’t have the time as they get caught up in their daily tasks. However, it’s essential to take some time every so often to analyze your company and plan for the future; define your vision, develop financial forecasts, and create an action plan for the near future (1-2 years). The business world is constantly evolving which is why it’s important to keep up with the latest trends, IT solutions, market demands, industry policies, etc. Read more
What better way to improve overall business efficiency than to equip your field workers with a mobile business application that they can access from their personal mobile devices, on Android or Apple operating systems. This will allow for better visibility into their projects, all in real-time. By getting rid of all of this paperwork, fieldwork can be done much more efficiently and customer requests can be handled and completed much more quickly. Read more
EDI communication is known to be complex and expensive. In recent years however, many small and mid-size businesses are looking into EDI in order to do business with major retailers, like Target, Wal-Mart, Sears, etc., or simply to gain a competitive advantage. It is one of the best ways to exchange important business documents, such […]
Any kind of benefit has an impact, small or large, on a business. Today’s article will list some tangible and intangible benefits executives and managers will see once their business implements an ERP solution, like Technology has always played a central role in the evolution of businesses. From the industrial age to today, technological advancements have constantly reshaped how businesses operate, produce, and interact with their customers. In this article, we will explore the evolution of technology and its impact on businesses.
The Industrial Age:
The history of modern industry began with the industrial revolution in the 18th century, marked by the invention of the steam engine. This advancement allowed for the mechanization of production, transforming businesses from small artisanal units into vast factories. Companies gained efficiency and production capacity, paving the way for mass production.
The Computer Age:
During the 20th century, the rise of computing dramatically changed how businesses function. The invention of the personal computer and the democratization of access to information enabled companies to manage their operations more efficiently. The digitization of data opened the door to new business models, including online commerce, customer databases, and electronic document management.
The Digital Age:
The 21st century has seen the advent of the digital age, characterized by the explosion of the internet and communication technologies. Businesses have had to adapt quickly to the ever-changing landscape of digital platforms, social media, and mobility. Digital transformation has become imperative, forcing companies to rethink their business models to remain competitive.
Artificial Intelligence and Automation:
Today, we are witnessing the emergence of artificial intelligence (AI) and advanced automation. These technologies are radically transforming how businesses operate. Automated chatbots handle customer service, data analysis aids in strategic decision-making, and robots perform repetitive tasks with incredible precision. AI also offers new opportunities for personalized customer experiences and operational optimization.
Impact on Businesses:
The effect of technological evolution on businesses is undeniable. On the one hand, it has enabled the creation of innovative and disruptive companies that revolutionize entire industries. On the other hand, it has posed challenges to traditional businesses, requiring them to adapt quickly to remain competitive. The ability to effectively harness technology has become a key element of business success.
In conclusion, the evolution of technology has had a profound impact on businesses, from the industrial age to the digital age and beyond. Companies that embrace technological change and adapt quickly have the opportunity to thrive in this ever-evolving landscape. Technological innovation will continue to shape the future of businesses, opening the door to exciting new possibilities and exciting challenges.
One of the goals of business executives is to increase efficiency while keeping costs low. Of course this can be difficult without the proper tools in place, which many businesses in Canada still do not have. Fortunately, it seems that in the last decade more and more companies have been leveraging IT but this growth is still not what it should be.
EDI communication is one such way to leverage technology in order to exchange documents between suppliers and vendors. Read more
We all know that ‘change’ can be hard. However, change can also be a great thing. It may be difficult at first but in the end it can prove to be the best thing for you, or your company. Therefore, convincing your boss to implement a new ERP software system can be quite difficult, as this would mean a big change for the whole company. However, if you strongly feel that major improvements would come from this change then you should definitely do all you can to talk to your boss and show him or her the list of benefits associated with an upgraded solution. Here are some key points to mention: Read more
A recent article in Forbes, written by Maribel Lopez, included several predictions on mobility in the business world. Some of them have already been written about in many of our previous blogs.
Here is a short list of Lopez’s mobile predictions for the coming year: Read more
