It’s a given that businesses use technology, but how exactly does it impact them? A recent report by ANZ shows that on average digital tools save small and medium-sized businesses 10 hours per week. What’s more, they boost revenue by 27 percent per year.
And yet, the same report found that 50 percent of respondents don’t feel confident in exploring digital technology, and only 48 percent consider their employees well-trained to digitally engage with customers.
Larger companies face challenges of their own: according to a 2019 report by Deloitte, Australian companies are falling behind in terms of investments in Artificial Intelligence. Forty-one percent of executives reported that their organisation lacks a comprehensive strategy on AI, compared to the global figure of 30 percent.
How can businesses take control of the opportunities technology gives them? Let’s find out.
“Why you should treat the tech you use at work like a colleague” by Nadjia Yousif
When businesses install new technology, often at great expense, it’s frustrating to find that it’s either ignored or not used to its full capacity. As a technology mentor at Boston Consulting Group, Nadja Yousif has observed this problem time and again, and suggests a unique approach to solving it.
“The basics of AI for business” by Philipp Gerbert
Artificial Intelligence can push many businesses away because of its image as a complex — and expensive — project. Watch Gerbert’s talk to learn how it can be something simple that any company can understand, implement, and benefit from.
“Why jobs of the future won’t feel like work” by David Lee
Last, but not least, let’s talk about how technology and people can work together in business. Rather than focus on dystopian predictions of job losses, innovation expert David Lee shows how tech takes over singular and repetitive tasks to give room for innovation and growth.
Originally published September 16 2019