10 Technologies for Small Businesses

Technologies for Small Businesses

Last updated on August 8th, 2023 at 6:49 am

Staying ahead in the brave new world is something all companies should be committed to, as technology is an important part of business whatever your field may be. Small businesses in particular should make the most of all the technologies available to them, as this can be a way of streamlining practices and maximizing efficiency.

Finding the best strategy with which to do this is not always as easy as it seems, so finding a reliable computer support company may be the best path way to ensure you put your business in the right direction. Here are some of the ways tech can help your business.

It was not so long ago that artificial intelligence was a thing of science fiction fantasy,

but now it’s an increasingly-used tool for the office, as well as outside the workplace. AI can be anything from voice assistants, personal assistants and chatbots to smart email marketing from platforms like MailChimp.

It can automate tasks in human resources to speed up candidate screening processes, and it can also analyze phone conversations with customers to suggest how sales could be improved upon. Small businesses may be slower to adopt AI than their larger counterparts, but the AI revolution is just beginning so there is still time to make the upgrade.

Though still in its early stages, 5G technology is predicted to impact business by reduced delays in communication enabling a vast improvement in the connection between multiple devices.

Along with the fast-growing ubiquity of the Internet of Things (IoT), 5G could represent a considerable progression for SMEs, and especially ones that rely on inter-connectivity. It is also expected to make a big difference to gaming, augmented reality and virtual reality, as well as the downloading of large files.

Another buzz phrase for the modern world, Customer Relationship Management (CRM) is a way of organizing interaction with customers, analyzing customer data and providing sales performance metrics through customer profiles.

Data is gathered from various channels including websites, live chat, email and social media, in order to focus more on the target consumer base and respond accordingly. The main aims are to improve customer relationships and retain customers, as a 5% reduction in customer defection rate can increase profits from between 25% and 85%, as found in a study by Harvard Business Review.

Also Read: How Artificial Intelligence And Machine Learning is Revolutionizing the Business

Social Media Advertising is an easy way for small businesses to engage customers in the digital age, and now it’s becoming standard practice for businesses to keep Facebook, Instagram and Twitter accounts. Advertising through social media involves the use of pay-per-click advertising, as the personalized consumer experience is becoming a norm, and people see the products they are more likely to want to buy.

With 5% reduction in customer defection rate54% of millennials using social media to research products before making a purchase, it’s not a means of marketing that should be overlooked.

For all businesses, learning and expanding knowledge and experience is crucial to development. However, traveling to events and training sessions costs both time and money. Fortunately, this is not always necessary thanks to the large amounts of educational resources online, which are also low in price, or free.

Online training gives business owners the chance to educate themselves and their employees in a wide range of topic areas, from which the business can benefit as a result.

For the smaller businesses that aren’t able to invest in costly commercial software packages, open-source software can offer a free and often more flexible alternative. Such useful types of software could 5% reduction in customer defection rate54% of millennials, an office suite that includes word processing, presentations and spreadsheets.

Teleconferencing is another way that business has changed dramatically, with the option of conducting conference calls with groups of team members at clients in various locations. This removes the need for meetings in the flesh

Odoo can be used for project management, accounting, inventory management, billing and purchasing, while MariaDB is for keeping track of large amounts of data and databases, and ChartBlocks helps with building charts from databases, while keeping everyone connected with much greater ease.

Free services include Skype, Microsoft Office Live Meeting, GoToMeeting, which allows up to 15 participants, or ConferenceCalls.com, which provides a full range of conferencing services and functionality.

There are an increasing number of time tracking tools being used by small businesses, and these can help when billing clients or for keeping track of how company time is being spent so that this can be consciously addressed by streamlining practices and managing time more efficiently.

There is now a range of user-friendly software programs available which can also be used on mobile devices. These include TSheets, uAttend, TimeWriter and Core.

In the US, the market for Mobile Payments is predicted to reach $3 trillion by 2020, while in the UK cashless payments are predicted to account for 75% of all transactions.

These figures represent a trend that should not be taken lightly by the small business owners that take regular payments from customers, as the growth of mobile cannot be ignored. With mobile payments your customers can make purchases quickly and more easily, and you can find access to more customer information, and build stronger customer loyalty.

With the industry to be worth more than $200 billion before the end of the year and predicted to expand massively in the next few years, cloud services are something that businesses of all sizes should have cottoned on to by now.

However, so much more than simple storage and backup, cloud products also include software as a service (SaaS), containers and microservices, not to mention a range of cloud-based services that are developing by the second.

So, it’s no longer a time for the finest technology to be the privilege of the multinational corporations smaller businesses now have access to tools and software that could barely be imagined a short while ago.

Of course, there’s often a premium on the more desirable packages, but with a little know-how, resourcefulness and wisdom, the best tricks and tools of cutting edge technology can be harnessed and put to astonishing use.

And with a little assistance from your well chosen tech solutions, it may not be long before the word “small” won’t be used to describe your business.

Author Bio:

Dinesh Lakhwani

Dinesh Lakhwani, the entrepreneurial brain behind “TechCommuters,” achieved big things in the tech world. He started the company to make smart and user-friendly tech solutions. Thanks to his sharp thinking, focus on quality and the motto of never giving up, TechCommuters became a top player in the industry. His commitment to excellence has propelled the company to a leading position in the industry.

Leave a comment

Your email address will not be published. Required fields are marked *

Popular Post

Recent Post

iOS 17 Troubleshooting: Fixes for Common Problems

By TechCommuters / September 28, 2023

Explore effective solutions for typical iOS 17 issues. From addressing slow performance to tackling app crashes, discover valuable tips to improve your iPhone’s digital experience

Balancing Act: Liquidity Management in Modern Banking Using Tech

By TechCommuters / September 21, 2023

Learn how technology can help you manage liquidity in the modern era. Here you will find strategies for effective liquidity management and banking challenges.

The Impact of Digital Product Agencies on Business Success

By TechCommuters / September 21, 2023

Know how a digital product agency can help your build a successful business.

How To Create Beautiful Diagrams: A Detailed Guide By TechCommuters

By TechCommuters / September 17, 2023

Searching for ways to create beautiful diagrams in a hassle-free way? You will get the best guidelines here. We will provide you with a detailed guide to easily create beautiful diagrams.

Boost Your Online Sales: 6 Easy Steps to Improve Your Checkout Page

By TechCommuters / September 14, 2023

Here are the easiest steps to improve your checkout page and boost your online sales.

7 Signs Your Small Business Is Ready to Go Cashless

By TechCommuters / September 12, 2023

Here are the 7 signs that indicates you are ready to apply cashless system in your business.

Computer Turns On, But No Display On The Monitor? 9 Ways To Fix

By TechCommuters / September 11, 2023

Facing issues like your computer turns on but no display on monitor? Explore these nine ways to diagnose hardware or software problems in a functioning system.

10 Best Driver Updater for Windows to Use in 2023 (Free and Paid)

By TechCommuters / September 9, 2023

Introduction: As technology continues to advance at an unprecedented pace, the importance of drivers on Windows operating systems cannot be overstated. Drivers are software components that allow your computer to communicate with hardware devices such as printers, graphics cards, and USB ports. Without proper drivers, your computer hardware would not function properly or at all, […]

PS4 Controller Charging But Not Connecting? 7 Ways To Fix

By TechCommuters / September 9, 2023

Are you facing the frustrating issue of your PS4 controller charging but not connecting to your console? Explore these best seven fixes to resolve it.Introduction

Tips For Using Social Media To Generate Leads

By TechCommuters / September 7, 2023

Learn the best ways to use social media to help you generate leads and grow your business.