Falling behind in technology will mean being less competitive

////Falling behind in technology will mean being less competitive

Businesses that are not competent in their use of new technology may end up falling far behind the competition, according to a recent report from Gartner. A survey of professionals involved in the digital business decision-making process showed that 90 percent thought competition for talent will make or break their success in bringing in new software tools. Warehouses and manufacturers that fail to adopt time trackers, inventory management systems and ERP may have a harder time than those that have set adopted these tools.

“The next decade will move beyond the notion of using technology to automate businesses and toward positioning technology as revenue builder, market maker and customer finder,” said Diane Morello, managing vice president at Gartner. “When companies have those targets in mind, digital business becomes real. The impact of digital business will be undeniable: It will introduce new business models, cause industries to be ‘digitally remastered’ and change the way that businesses put great minds to work.”

Morello said having a strategy in place is necessary for getting the most value from digital assets. Bringing in key strategy players and those who will help run and support the tools throughout their lifecycle are key, she said, as this will help jumpstart the programs and ensure they are workable for employees across the enterprise.

LNS Research said there are tools that organizations should look for now that will help properly manage the complexities of critical processes, as there is much more going on in a supply chain and manufacturing business than there was even 10 years ago. Adopting a supply chain or inventory management system can be a business-changing move for manufacturers.

Learn more about the benefits of automated time collection by downloading the free white paper entitled “Justifying the Switch to Automated Time Collection” from DMS today.