In the world of business, there’s a need for all enterprises in all sectors to ensure that they remain efficient and productive.
It’s a fact that in 2023, customers are fully prepared to shop online and often make purchases from companies outside of their country if the price, quality, and delivery times are acceptable. This has created an economic situation where the marketplace for millions of goods and services is a truly global one.
Businesses now need to compete internationally, even if they’re just a small startup or local enterprise. Thankfully, there’s an ever-increasing range of business technology that can be harnessed to improve productivity, ensure that long-term decisions are backed by empirical evidence (to ensure their success), and to drive improved working methods. All these benefits can help to make a business more competitive in the new global economy.
In this article, three specific types of business tech will be described, and each can play a key role in creating a modern and efficient company.
Business Intelligence Platforms
Business intelligence platforms play a key role in decision-making and can help many firms to plan for the future by using real-world data to gain actionable insights. Click here for a comprehensive list of the most widely used and powerful business intelligence platforms that are available for company use in 2023. Popular platforms include Microsoft Power BI and Sisense which are widely used in many different organizations.
Typically, a data analyst will take high volumes of company data from multiple sources and then run it through the BI platform after designing the analysis criteria. The platform then combines the data and draws out key information and statistics which can form the basis of strategic business decision-making. These platforms reduce uncertainty in the decision-making process and allow companies to use the insights gained to drive meaningful improvements.
API Management Solutions
As an increasing number of business applications move to the cloud, there’s a greater need for a comprehensive API management platform to control and manage these individual programs and allow them to interact together.
Many technologically advanced companies now use an open source API gateway to control this process. It can be a highly efficient and effective way to ensure that the applications function as desired. In addition, the platform allows them to be monitored in real time to identify any performance or security issues.
Put simply, API gateways are an essential part of the online IT infrastructure of any company that has multiple applications operating and working together in the cloud.
Collaborative Software
In recent years, there has been a dramatic shift in working practices. Today, millions of staff work remotely or adopt hybrid models of work in a typical working week. There’s a significant need for companies to upgrade their IT infrastructure to ensure that remote working can take place to a high degree of productivity and efficiency.
Companies need to roll out collaborative software solutions that support team working in a remote workforce. These can include online project management applications that ensure tasks are completed on time and silo working practices don’t develop. In addition, video conferencing software and team apps can help remote teams to communicate effectively and have a clear understanding of their roles and responsibilities.