The strategic significant usage of advanced technologies is very important component for business success these days. Businesses now a days are looking for advanced innovation, modernization and cost reduction methods to attract the attention of targeted audience. Simplifying various technology adoption strategies based on customer priorities and analyzing their operational structure to deliver efficient process on right time is key for attaining business success.
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| New Advanced Technologies for Business Success |
Building Technology around process is important and essential rather than building process around Technology. The practical application and benefits of using Advanced Technologies allows you to improve the brand value competency, advance research and innovation process. As according to The World Economic Forum almost 23% of Small and Medium sized Enterprises (SMEs) are crucially analyzing and are ready to adopt new digital tools.
Here are the list of Top advanced technologies that are more affordable and handy to cope up for the new business growth and to reach new markets. The usage will streamline workflows and differentiates new products and services and helps you to build roadmap for latest technology adoption.
- Simplified Cloud environment work flow
- Low Code Applications development
- Robotic Process Automation (RPA) Techniques
- Document Data Extraction (DDE) methods
- Artificial Intelligence (AI) Powered Virtual Assistants usage
1.Simplified Cloud environment work flow:
- Cloud based powered workflow applications increase productivity. They are easy scalable and customizable to your company requirements.
- It is centralized and easy to integrate with very well organized process. It is more secure, reliable and hassle free with best business management features enabled.
- Cloud environment offers unified collaboration interface to achieve a significant operational break through in work flows and prevent users from switching between various apps and channels.
- Users can access through any network with approved access facility. It helps several companies to have flexibility to do remote operations very easily and effectively with out disrupting the work flow.
2. Low Code Applications Development:
- As according to Gartner report it is estimated that by 2025 70% of applications will use low-code or no code technologies.
- Low Code Application development feature provides users to bring innovative ideas and also facilitates with simple drag and drop low code elements to GUI.
- It provides easy automation, integration and governance to various applications.
- It helps Non Technical user to build dashboards and various contact forms faster.
- Technical users will have an opportunity to perform more on Customer engagement applications and portals.
- They can leverage most efficient tasks like back-end integrations and modernization of various legacy applications with improved velocity and agility.
3. Robotic Process Automation (RPA) Techniques:
- Robotic Process Automation also called as Software Robotics is an easy-to-use technology that allows users to automate their tasks and execute specific rule based business process.
- As according to Forrester Research Robotic Process Automation software is going to reach $6.5 billion and services revenue could hit $16 billion by 2025.
- RPA could improve the business efficiency and Customer experience.by enabling chatbots that reduce customer wait time.and provide up to date reporting system and error free automation
4. Document Data Extraction (DDE) Methods:
- Extracting quality data from unstructured sources and further document processing is expensive and also a tough task.
- Optical Character Recognition (OCR) technology reduces time and automatically extracts data from various digital images and scanned documents.
- Artificial Intelligence (AI) powered automated data extraction using various tools like Kofax capture, Amazon text leverage, Docusign, Docsumo will help in saving time and money and also provides efficient document data extraction processes for businesses.
5. Artificial Intelligence (AI) Powered Virtual Assistants usage:
- AI Powered Virtual Assistants saves employees productivity by maintaining a human-like conversation .
- Act according to the customer intent through natural language processing and responding to customer queries.
- Chatbots are most popularly used AI Assistants designed specifically for text based channels like SMS, email and live chat
- Chatbots is the best Multi Utility Assistant for various business verticals, services , products, Websites and Apps. More than 56% of businesses believe that Chatbots are the driving the best and allowing them to focus on areas requiring more attention.
- 58% of B2B companies and 42% of B2C companies uses chatbots in designing interactive websites and App
Businesses and Technology are inseparable.It allows you to understand the priorities, goals and strategies with advance customer experience and revenue growth. Businesses embrace growth in this new technological era trends Both together will be able to match the business pace and stay relevant and competitive.
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