How Technology Increases Competitive Advantage
by October 13, 2015 and last updated on January 10, 2018 on
For many organizations, cost savings is one of the biggest reasons for moving to digital tools offered by solution providers. By going paperless and adopting streamlined processes, they save more money, effort, and time. But what they don’t realize right away is that there’s another benefit to going digital, and that’s gaining competitive advantage. The following reasons clearly illustrate why:
4 Reasons Why Technology is a Challenge for Community Banks
by September 18, 2015 and last updated on February 4, 2019 on
Just one generation ago, people needed to go to the bank (or ATM in some cases) to deposit money to an account, transfer money to another account, encash checks, convert currencies, pay bills, and apply for loans or credit cards. Fast forward to now, and things have changed significantly. People are doing online banking more than ever — even encashing a check that involves a physical piece of paper can be done through apps that capture a photo of the check. It’s amazing how everything has gone mobile in the past several years.
This means banks lagging behind in technology aren’t going to remain competitive for long when other banks are ready to cater to the evolving needs of their increasingly mobile customer base. But for community banks in particular, the transition to technology isn’t easy. What’s standing in the way?
7 Things to Consider When Choosing Your IT Solution Provider
by September 17, 2015 and last updated on January 25, 2019 on
According to IT research company Gartner, more than 50 percent of users will first turn to their smartphones or tablets for all their online activities by 2018. Laptops and desktops will take a backseat to handheld mobile devices in just a few years.
This key prediction adds more pressure on businesses to adopt mobile solutions to remain competitive. But with so many options in the software market today, it can be both challenging and confusing to choose the best fit for your organization.
Because different organizations have different needs, there’s no single formula for selection that works for everyone. Nevertheless, the following factors for consideration can help your organization make the right choice:
What Will Make the Healthcare Industry Embrace Technology?
by July 22, 2015 and last updated on March 6, 2019 on
Among all the different industries in the business landscape, the healthcare industry is known to be one of the slowest to adopt technology for management purposes. Results of an old 2005 survey by the CDC revealed that “less than a third of the nation’s hospital emergency and outpatient departments use electronic medical records, and even fewer doctors’ offices do.” Fast forward a decade later, and things haven’t changed much. The numbers increased, but the rate of adoption growth remained more or less the same especially when it comes to new technologies.
Why is this so? According to a Forbes article written by Robert Paul, executive director and CEO of The Permanente Medical Group, there are five reasons for this interesting statistic, namely:
In the Face of Mobile Apps, How Do You Fight Digital Overtime?
by May 26, 2015 and last updated on January 28, 2019 on
The widespread adoption of mobile devices such as smartphones and tablets has enabled many employed Americans to work from home and anywhere else. This development has brought on a certain level of unprecedented convenience, allowing people to remain productive even outside an office setting.
But this same development did not come without its own share of issues. As employees become more accessible online, the ability for one to switch off fully has diminished. In the United States, the problem presented itself when workers who are paid by the hour started rendering extra unpaid hours on their mobile devices. (more…)
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