The word ‘smart’ when added to almost anything else usually hints at an advancement in technology. For example, a smartphone is a smarter phone; it’s a phone with access to the internet and a wider range of capabilities. When that applies to business, technology doesn’t really advance business – a business can only take advantage of advancements in technology to suit its own needs. A smart business in a sense, can’t really exist – because it’s more of a concept. In the sense that a business is a product like a phone, adding more capabilities to it would make it smart, but the business is not a product.
What does that mean? It means that a business can only become intelligent and ‘smart’ through its actions and use of tools. This puts the onus on the business owner to push forward. Someone won’t just produce a ‘smart business’ that you can buy and apply to your business. If you want innovation in your line of work, and for your business, you’ll either have to innovate yourself, or implement innovations before they become the standard.
Business practices, technologies, and concepts award those who implement them before they become a standard. Those innovators potentially put their business on the track of becoming a goldmine. There is some danger of being on the brink of business – namely, it’s a more risky place. You could waste a lot of money, and a lot of time in pursuit of innovation . Don’t let you put you off though – as long as the risk is not to great, it is a goal worth pushing for.
How can you make your business more intelligent then? Simply put, doing your research can help. If you’re willing to implement small aspects of automation, or even study the internet of things, you can stand to do a lot with your business. Taking advantage of new technologies to improve processes like the use of an ID age verification scanner for registration processes is one thing. Understanding concepts and where they could take your business is another, since using tech is one thing – but understanding exactly what it is and where it could go in the future is another.
How else? We mentioned automation, but could you use it? Software automation can improve your digital processes, but industrial automation is where the field shines – as it can improve your productivity tenfold through the use of robotics.
You could stand to make your business more intelligent in a number of ways, but no matter what processes you improve, or the tech that you bring into your business – it won’t really matter if you’re not in the mindset of an innovator. Studying up, researching and refining concepts and processes within your business can make your business more intelligent than any technology you bring into into it! An intelligent business comes from you and your actions, more than anything else, so if you want to innovate, take a long look at what you’re doing and see what you can refine!
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news, and distribution to create an unparalleled, full digital medium and social business networks spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems