In episode 60 of the Leadership Minute, Janet Schijns outlines three major ways that a technology ecosystem of partners can help businesses steer steadily, and even grow, during uncertain economic times.
Highlights
00:33 — One of the most critical factors that can help enterprises stay afloat and even thrive during tough times is their ability to leverage technology as a deflationary tactic, helping them to speed up processes, replace or augment staff, and manage ever-increasing cost pressures.
01:01 — The technology ecosystem of partners, which encompasses hardware, software, services, and digital infrastructure solutions, has become a vital component of these modern enterprises as they look to thrive despite all these pressures.
01:26 — First and foremost, technology partners can help companies reduce costs. For example, cloud-based solutions allow businesses to access computing resources on demand, reducing the need for expensive hardware and software investments. Outsourced services from program operations to technology help desks can help manage staffing costs.
01:58 — Secondly, technology partners can help increase your firm’s productivity. The use of advanced analytic tools, machine learning, and artificial intelligence (AI) can help enterprises make more informed decisions, improve customer service, and optimize workflows.
02:20 — Lastly, technology partners can improve agility. In a volatile economy, businesses need to be able to adapt quickly to changing market conditions. With the right technology in place, your company can respond to market changes faster, launch new products and services quickly, and adjust operations as needed. Because technology partners have infinite scale, seasoned expertise, and proven processes, they can often cut the time to implementation for an enterprise in half. And time is money.
