A recent article, How Innovative Technology is Reshaping Recent Trends for Small Businesses by Toby Nwazor says the emergence of new technologies has significantly narrowed the gap between large and small businesses and presented better solutions to business challenges.
Here are five innovations that boost business efficiency.
- Cloud Storage
Cloud Storage offers a feasible solution to the rapid increase of computer data that requires bigger storage systems for businesses. Small businesses in staffed flexible offices can reduce hardware expenses and thereby improve interactions with customers.
- SaaS (Software as a Service) Providers
SaaS providers which offer data management services allow businesses to “buy” only what they need at a given time. When conditions change, they can “buy” more or if something doesn’t turn out well, they can revert to the service they were using without having to deal with negative financial consequences or being forced to lay off regular workers.
- CRM (Customer Relationship Management) Systems
The CRM systems that are now becoming more popular go a long way in solving the intricacies of the customer base. They build a unified system that enables businesses to reach a target customer base and at the same time help in the management of communication.
- Mobile Marketing
Ninety percent of American adults have smartphones and according to study they spend more time browsing their mobile devices than watching TV. This means that small businesses can now create an extensive mobile campaign with low cost. For instance, SMS, mobile banners and email could be effectively used by small businesses to increase their sales.
- Mobile Payment
Obviously, mobile devices have become the computing device preference of the average consumer. Mobile payment platforms like GooglePay and PayPal have made the pay process much easier. Therefore, small businesses should take advantage of this to increase ease and speed of transactions.
These innovations can tremendously help small businesses to become more competitive. If you need workspace solutions to address your growing needs, YourOffice offers you a wide choice of office and workspace solutions: virtual office space, meeting room access, and coworking office space. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.