As an executive with years of experience in the tech space, Hamy Anthony Hai is frequently asked a range of questions linked to his area of expertise. One of the most common questions Mr. Hai is asked when working with businesses is how a commitment to innovative business technologies can improve the health of a company. Mr. Hai acknowledges that there are dozens of benefits that advanced tech can have for businesses across industries and, here, he explores a few of the most commonly cited ways comprehensive technology can improve key organizational processes.
Improves Communication
One of the premiere benefits of innovative technology in business is that it gives companies the ability to streamline and improve business communications. Through collaboration software and applications, quick, efficient communication is as easy as ever and teams can much more easily organize and share documents across workspaces. Not only is the communication made possible through business tech essential for saving documents, sharing correspondence, working on and reviewing work simultaneously, etc. but it also provides access to project management solutions that make delineating tasks simpler as well. Hamy Anthony Hai mentions that business technology is improving year over year, and companies that properly leverage its ability to improve communication are those that remain at the forefront of their respective industries.
Provides Security
You may have heard of the recent data breaches that have threatened even some of the most prolific companies within the past few years. The fact remains that hackers with malintent are growing more sophisticated in their ways as time goes on, necessitating that business invest in technology that provides more wholistic security organization-wide. Hamy A Hai notes that business technology can play a crucial role in protecting financial data, executive decisions, crucial organization information, and proprietary information by helping it stay out of the hands of competition. While varied passwords and multi-step verification can be immensely valuable for organizations looking to secure their data, Hamy Anthony Hai maintains that new developments in blockchain and associated technology are also making waves in the security space. Without properly leveraging tech for security reasons, businesses are at risk of critical breaches that could threaten their health in the long run.
Enhances Productivity
Developments in business technology are well known for their ability to enhance productivity across workforces. With enhanced automation and streamlined processes, multinational companies can more effectively employ accounting, billing, payroll, asset management, and a variety of other critical business software to manage their operations more smoothly. The ability to automate repetitive task and improve processes for tasks that require human oversight is huge for businesses, as it prevents employees from needing to take more time than necessary. Advanced tech also can serve to make even the most complex business processes simpler in nature which increases accessibility and productivity for both new and experienced professionals.
Lowers Operational Costs and Increases Profits
When professionals are empowered to work more efficiently through business technology, there is often a decrease in operating costs that can be incredibly beneficial to a business. Innovative technology can help avoid opportunity costs because more modern systems may be less prone to failing or breaking down and enable staff to work and convene remotely, lowering travel costs for offices as well. Offices that are able to leverage their technology to support remote or hybrid setups save money on operational costs associated with running an office full time. Hamy Anthony Hai also mentions that investment in business tech can increase profits because it helps leadership better monitor and evaluate financial data to streamline campaigns and initiatives.
