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Balance Your Business’ Budget: How Technology Can Reduce the Cost of Everyday Activities

Think back to the last time you completed a full work day without the help of a smartphone, tablet, or computer. It’s difficult to imagine, right? It almost seems impossible to make it through a full day without checking an email on laptops, Googling a nearby location, scrolling through Instagram, or, even, swiping through dating apps. In fact, as Millennials now account for the largest generation, most of the work force has never known what it’s like to take on professional responsibilities without the power of the Internet at their disposal.

 

The arrival of the Internet in 1993 changed every facet of working life across every industry; communications got faster, information became more accessible, and projects that previously took days or even weeks to complete were perfectly finished within hours. Today, we not only enjoy the power of the Internet, but also infinite applications, digital platforms, and devices - all designed to streamline tasks and make humans more connected and efficient than ever before.  Although technology can be a double-edged sword - many argue that the wave of technology contributes to distraction and wasted time - for the most part, it has propelled every industry forward, increased daily efficiencies, and save businesses millions in everyday costs, here’s how:

 

Training

 

Every job requires training of some kind. Whether it’s learning new industry regulations or getting trained on new machinery, companies have to provide their employees with ongoing education to ensure they don’t make costly mistakes or put themselves in harm’s way on the job. Decades ago, companies had to bring in outside educators or set aside full in-service days, which of course cost millions in lost production. Today, however, every business has the ability to serve their employees with online training. Employees can learn about the latest rules and regulations from ongoing videos and digital platforms. Even organizations like Osha incorporate digital education into their online curriculum and modules to streamline the process; by creating one digital platform, they’re able to reach thousands of employees.

 

Time Spent

 

Regardless of industry or organizational mission, quantifying the success of a marketing initiative or program is a crucial component of managing ongoing company initiative. But measuring human responses to new collections, marketing campaigns, or rebranding efforts is no small feat. Without marketing and ad tracking platforms, companies would be forced to rely on employees to manually tabulate every result and engagement from every company project; manually tracking would be a full-time job for large-scale teams which would, of course, sink company budgets. Today’s organizations, however, don’t have to worry about tracking by hand. Instead, they employ an array of digital resources and platforms to calculate performance for them. For example, the Burstorm platform enables businesses to effectively measure and analyze cloud storage performance. Most businesses today rely on cloud networks to manage all data, and incessant human monitoring of network performance would be costly and slow. Instead, business leaders trust the Burstorm platform to do the heavy lifting for them; the platform offers a visual model of all storage and data infrastructure assets in one single location.

 

Overhead costs

 

One of the biggest changes technology has made on modern professions is the ability to communicate with team members, customers, and clients at all time. Work no longer starts at 9 am and stops at 5 pm. Professionals are constantly plugged into their projects and responsibilities through email and mobile messaging platforms, such as Slack. The ability to communicate (without delay) anywhere and at anytime has opened a new realm of possibilities for collaboration and co-working. Teams no longer have to physically be in the same space to efficiently work together and produce quality outcomes. This saves organizations money in two distinct ways: A. Time is never really lost; employees always have the ability to produce whether they are in the office or not. B. Physical office spaces are no longer a necessity. Many startup organizations are choosing to employ virtual models to save on overhead costs; technology has made remote working a reality, and many individuals who work from home or have flexible arrangements with their employers believe that virtual opportunities actually increases individual output because there are fewer daily distractions.


Technology’s transformative effects on careers and modern workforces are far from complete. Technology is exponentially advancing, and it’s likely that ten years from now the workforce will, again, look unrecognizable. Although there are some who fear the long term implications of technology on jobs, one thing is for certain: new software, devices, and connected products will continue to be designed with the intent of increasing connections and decreasing costs.  The organizations that are receptive to change and can adapt quickly are the ones that will meet the increasing demands of consumers needs.