July 6, 2020

Business sustenance and scale

It is astonishing to see how every industry has upgraded itself with thorough insight and knowledge about emerging technologies. A keen study of components, TECHNOLOGY, and capital intelligence (Business models) are distinguishing characteristics of any product on the shelf today. Usually, the returns are calculated in the appreciation of the entity value, but today it is evaluated based on the futuristic relevance.

Acquisitions, Mergers, and Aqui-hires – Emphasis is skyrocketing around simplifying adoption frameworks, organizing skills. The capital forums follow the tactics of investing in more than one firm in different arrangements to leverage the technology/product for a pure-play technology firm, Adoption and transformation methodology from boutique behavioral consulting firms, and resources from collaboration platforms and specialized skill grooming institutions. If they get a share by investing in all these kinds of entities, it will create the possibility to scale successfully and swiftly.

Change in a state of an entity is constant, and that is how evolution is marked. Changing technology invites shifting business models and evolving opportunities to grow, scale, and multiply gains. An investment portfolio consists of Novel solutions, unique product companies, and boutique service providers. The inbred credentials that attract investors are amongst influencing factors, Growth drivers, and technology enablers.

INFLUENCING FACTORS
  • Technology deficits & the fear of obsolescence: Businesses were comfortable with the setup they had to operate and retain the pace of growth before a sudden contraction and then the launch of initiatives to survive and start competing and growing in various dimensions even into the adjacent markets. Collaboration and adoptions are on a full time high.
  • P-M-F (Product market fit): Customer challenges, user segments, and innovation in the current offering is the formal approach to present your product. The buyers are endorsing products that have applicability and usability in diverse environments. Technology has added the possibility of hyper-personalization to stay relevant for extended times.
  • Customer-centric experience: Now, the focus has shifted from just transactional experience to overall value. Integrating various processes, Omnichannel interfaces, and minimizing processing time on a transaction is the least expectation from services offered today.
TECHNOLOGY DRIVERS 
  • Digitize – Modernise processes: Data has to transform into a ubiquitous format that any system can consume and reshuffle in many permutations for insights. Hence, the entire operations are going through a lift and shift phase into the digital world for accuracy, efficiency, and effectiveness.
  • Exponential Growth – Scale profits: The patience for benefits is growing thin, with many players creating opportunities in the unconventional market spaces. The race is fast, and every entrepreneur needs to position and aim to grow vertically and scale horizontally to accrue customer base, markets, and brand reputation.
  •  Touchless systems – Technology infusion: Autonomous execution is the aspiring milestone of any technology-powered solution. Today the demand is to make things happen autonomously without any intervention. Here is the future of expectations, and technology play a crucial role.
GROWTH ENABLERS

DIGITAL strategy – Cloud, Security & Automation is inevitable to cover human safety, effort, and productivity aspect respectively. 

Automation

  •  Increase operational efficiency by enhancing resource productivity and infusing technology to accelerate the processing power of every human, system, and ecosystem.
  • Amplifies transaction processing appetite enabling the organization to grow and diversify.
  • Market share: The natural competitor listing is changing, and there are many dimensions to explore and capture markets. Vision and planning are required to penetrate the adjacent and diagonal markets. Early mover’s advantage is always noted and advised.

All the above attributes have a direct impact on the financial quotient & Brand equity that creates a surge to increase the credibility of any organization. Hence, your focus should be on bridging the gap between velocity, volume, and variety, respectively, by infusing technology solutions to accelerate your success and yield amplified profits.

The end goal is to build a fault-tolerant ecosystem using technology capabilities without jeopardizing your core strengths.

It is advised to foster partnerships to incorporate new products and components as a value addition to the current challenges. Technology and business have to collectively pave the path to growth by Introducing mainstream automation into your enterprise portfolio that can boost the productivity multi folds without compromising on experience and value.

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