It’s no secret that the workplace is changing. Since just the turn of the century, Americans can undeniably feel a shift from physical to manual skills, low education positions to positions requiring higher education, and can experience an increased need for employment requiring more analytical skills. Changes as such can be due to globalization. With the globe become ever-more interconnected, an emphasis on an ability to communicate with others increases dramatically. Personally, I realized that even simple skills such as speaking more than one language can dramatically increase the demand for your service in a company. This deals directly with the fact that a company wants to interact with as many potential customers and/or clients as possible, without the exclusion for something with a simple fix such as comprehensible human interaction.
Now, language and skill set are of one importance to a company. The working body of the company is, after all, what will propel the company forward. However, a company’s basic internal financial and abroad compliance structure is also a necessity. This brings me to the Internet of Things ( IoT). IoT is a term rising in popularity amongst growing businesses. IoT refers to the network of devices that work in conjunction, over the internet, to exchange data. In the everyday household, one would see IoT used when a traditionally non-internet connected device such as a refrigerator is connected to the internet and subsequently connected to a smartphone or tablet that allows it to be controlled remotely. There are severely other examples, however, these do not relate to a business.
So how could this rising IoT network help out with a company? Simply put, it modernizes it. There is no company that will be able to continue beating the competition, assuming it is currently beating it if it does not keep up in the technology race. Take, for example, the company Nokia. Nokia is a household name because it had its reign over the cellular network industry. From humble beginnings in the 1990s, in the early 2000s, Nokia was a global leader in mobile phones, selling 128 million phones in 2000 alone. The empire was short/lasting, however, because, with the rising of the internet, Nokia preferred focussing on hardware rather than software, seeing no benefit to the new craze. Nokia has most likely come to regret this because, in 2017, Apple continued its grasp, selling over 216.8 million and leaving Nokia with just over 70 million sold that year. Nokia definitely had its high point and to this day has still sold more devices in total, however, the rate of increase does not compare.
What’s the solution here? Upgrade! Getting your business an organized system that can handle everything from multi-currency, multi-accounting principles and clarity is clearly the way to go. To build on that, a modern company now chooses to handle operations on the cloud. It is simple and allows anyone to connect from anywhere in the world at any time of day. Everyone can see updates from coworkers and from clients when need be. By pure nature, this is a structured system that allows anyone to keep up with or beat the competition. Getting a cloud ERP is a defining factor in how well expansion and growth can occur in a company for this day and age.