According to a recent study, 66% of businesses are planning on increasing their tech spending in 2024.
This is hardly surprising when you consider the many benefits of making your business more tech-savvy, enabling you to grow your business. Including:
- Improved efficiency and productivity
- Reduced burnout among employees
- Lowered costs & expenses
However, with so many different tools and products on the market, it can be hard to know where to start. After all, you want to ensure that you’ve invested your money wisely! While embracing cutting-edge technology is key to business growth in 2024, so is having a strong legal structure to protect your ventures. A legalzoom llc review can give you insight into safeguarding your business, ensuring that your technological investments are built on a solid legal foundation.
With that in mind, here are three types of technology that you need to grow your business in 2024!
1. Industry-relevant software.
It goes without saying that the best technology and software to invest in when it comes to growing your business are those that are created with your industry in mind. After all, this often means that they are able to address specific pain points or challenges that you would otherwise struggle to combat.
For example, if you run a commercial contracting business, you may benefit from using field service software. This can help with a range of tasks, such as proposal generation, service management, and even mobile surveying – effectively reducing your team’s workload.
2. AI Technology.
AI technology was perhaps one of the most-discussed forms of technology in 2023. However, while many business owners lept at the opportunity to incorporate these tools into their daily practices, others were more reluctant. After all, it is a relatively new innovation, and many felt as though this is a tool that could limit employee productivity rather than promote it.
However, the truth is, when used correctly, AI tech can bring forth many benefits for your business. For example, you can use AI systems to develop a customer service toolkit, ensuring customers receive swift, personalized responses to their queries and questions. Alternatively, you could use AI to improve your next marketing campaign!
3. Cybersecurity software.
Cybersecurity software is an essential tool in the current landscape, especially as failing to have the proper protocol in the face could cost you not only your customers but also your reputation. After all, it reflects poorly on your brand if large amounts of customer data are leaked – and in some cases, you may also face legal repercussions.
You can hire a cybersecurity expert to assist you with finding the right software for your business. It’s always a great idea for you to get professional help from cyber security companies to ensure that things go as smoothly as possible. The last thing you need is a data breach for your business.
A cybersecurity breach could also cost you a lot of money. For example, one study found that “the average cost per breached record is $164.” Simply put, it’s no longer enough to ensure your team is aware of cybersecurity risks or to set strong passwords – you also need to invest in tools and software that will keep your data (and your customer’s data) safe.
Final Thoughts.
In short, if you’re looking for a way to grow your business in 2024, now is the time to invest in the technology that will help make this goal a reality. After all, the above suggestions will heighten productivity and efficiency tenfold while also making it easier for your team to manage their workload.
Using the right tech also helps you to stay ahead of the competition, especially if you’re among the first to adopt the latest trends and products.
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