Publication – Times tech
Technology applications for business operations have been evolving rapidly with changes in business contexts and rapid technology innovation. Businesses have been understandably cautious in adopting these, but as these trends mature, businesses must plan to avoid any potential loss of profitability or ability to exploit possible lucrative opportunities.
It is important to realize that these developments are not merely “technical stuff” that can be implemented by IT alone. These have the potential to upend existing processes and operating models while presenting new opportunities for growth and efficiencies.
It becomes imperative for every business function to assess these and identify relevant initiatives. It is relevant to realize that the potential for value is inversely proportional to time, thus it might be better to act sooner. The technology changes like the cloud, easier technology availability, the rise of low-code platforms, etc., allow a much quicker adoption than has been conventionally possible.
