CIOApplications
static-image
  • Home
  • Applications
      • Bioinformatics
      • Business Continuity
      • Business Intelligence
      • Chatbot
      • Collaboration
      • Custom Software Development
      • CRM
      • Enterprise Reporting Software
      • GRC
      • Human Resource
      • Indoor Positioning
      • InsurTech
      • Intellectual Property
      • IT Operations Management
      • IT Service Management
      • Low Code Platform
      • Maintenance Management
      • Managed IT Services
      • MarTech
      • Master Data Management
      • Mobile Application
      • Order Management
      • Parking Management
      • Procurement Tech
      • Publishing Software
      • Remote Monitoring
      • RFID
      • Sales Tech
      • SAS
      • Software Testing
      • Task Management
      • Unified Communications
      • Workflow
      • Workplace Management
  • Verticals
      • BioTechnology
      • Construction
      • Contact Center
      • Education
      • Fintech
      • Food and Beverages
      • Government
      • Healthcare
      • Legal
      • Logistics
      • Manufacturing
      • Travel and Hospitality
      • Utilities
  • Technologies
      • Agile
      • API
      • Artificial Intelligence
      • Blockchain
      • CAD/CAM
      • Cloud
      • Cyber Security
      • Data Analytics
      • Data Center
      • Digital Transformation
      • Graphics
      • IoT
      • Machine Learning
      • Machine Vision and Imaging
      • Predictive Analytics
      • Robotic Process Automation
      • Simulation
      • Smart Labelling
  • Eco System
      • Adobe
      • Amazon
      • Esri
      • Google
      • IBM
      • Infor
      • Kubernetes Partner
      • NetSuite
      • Oracle
      • PTC Partners
      • Qlik Partner
      • Salesforce
      • ServiceNow
      • SiteCore
      • VMware
  • Vendors
  • News
  • Newsletter
  • Whitepaper
  • conferences
  • About Us
  • Specials

  • Menu
      • Business Continuity
      • Chatbot
      • Cloud
      • Collaboration
      • Contact Center
      • Esri
      • Human Resource
      • InsurTech
      • IT Service Management
      • Machine Learning
      • Manufacturing
      • Master Data Management
      • Procurement Tech
      • Robotic Process Automation
      • Salesforce
      • ServiceNow
      • Simulation
      • Software Testing
  • Contact Center
  • Collaboration
  • Chatbot
  • Esri
  • Simulation
  • InsurTech
  • Human Resource
Specials
  • Specials

  • Business Continuity
  • Chatbot
  • Cloud
  • Collaboration
  • Contact Center
  • Esri
  • Human Resource
  • InsurTech
  • IT Service Management
  • Machine Learning
  • Manufacturing
  • Master Data Management
  • Procurement Tech
  • Robotic Process Automation
  • Salesforce
  • ServiceNow
  • Simulation
  • Software Testing
×
#

CIO Applications Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Applications

Subscribe

loading
  • Home
  • Enterprise Resource Planning
Editor's Pick (1 - 4 of 8)
left
ERP: A New Age of Innovation

ERP: A New Age of Innovation
William R. Dyer, CIO, Cincom Systems, Inc

Practicing What We Preach: Using Cloud-based Services to Deliver Cloud-based Services

Practicing What We Preach: Using Cloud-based Services to Deliver...
Jeff Jacobs, CIO/Global IT, OCLC

The Changing Pace of Traditional Business

The Changing Pace of Traditional Business
Shannon Werb, CIO & COO, vRad (Virtual Radiologic)

Modernize Your Business With Cloud ERP

Modernize Your Business With Cloud ERP
Mark Davison, VP & CIO, Delek US Holdings, Inc.

Retail and the Consumer

Retail and the Consumer
Steve Rempel, CIO, Rite Aid

Ensuring Digital Security in Sacramento County

Ensuring Digital Security in Sacramento County
Rami Zakaria, CIO, Sacramento County

In Defense of the 'E' in Enterprise Resource Planning

In Defense of the 'E' in Enterprise Resource Planning
Neil Jarvis, CIO, Fujitsu Americas

Bringing Greater Efficiency to the International Development Sector

Bringing Greater Efficiency to the International Development Sector
Nuria Simo, CIO, Inter-American Development Bank

right

Thank you for Subscribing to CIO Applications Weekly Brief

Top Benefits Technology Brings For Business Professionals

By CIO Applications| Friday, November 15, 2019
Tweet

Business TechnologyBusiness professionals are approaching technology-based operational solutions, which help in exploring innovative ways of maximizing revenue.     

FREMONT, CA: In recent years, the emerging technology has transformed many businesses from different industries at a rapid pace. Technology is important for bridging the gap between organizations, primarily by delivering innovative business solutions. An MIT analysis of companies with a hold on above $1 billion annual revenue states that the companies with tech-savvy directors are performing significantly better than others. The leading businesses experienced:

• profit margin- 17 percent higher

• revenue- 38 percent higher

• return on assets- 34 percent higher

• market cap growth- 34 percent higher

 It's essential to explore and take advantage of the trends that can maximize the potential for transforming the businesses. Below is an insight into them.

Proactive Security

Security and privacy have always been at the top of priorities for enterprise technology. The increased data breaches have raised the concern of enterprises for data security and safety. Risin

Chatbot Tech

g against the early methods, antivirus software look for potential threat matches with a directory of viruses by using active-learning security, and integrated ML can identify and resolve threats in real-time. The initiative for proactive measures enhance security and limit a company’s data exposure while minimizing vulnerable zones.

Robotic Process Automation (RPA)

RPA-based computer software tends to automate repetitive and frequent business operations and transactions. The technology enables the various industry to cut down extra investment on human staffs more significantly. As RPA is gaining massive popularity across different sectors in the industry, firms are expecting increasing business benefits in the coming years.

Check This Out: Top Robotics Technology Companies In Europe

Augmented Business Intelligence.

As, the businesses are having in-depth access to massive data sets, which results in the big data explosion across the globe. The ever-growing data brings challenges is to monitor and precisely analyze those available unstructured data sets and gain valuable insights into the business requirements. Artificial Intelligence (AI) and Machine Learning (ML) help the business professionals to tackle such a scenario, as they can access and analyze vast piles of unstructured data and extract hidden insights more correctly. Further, combining technological advantages and automating certain business operations can replace 64 to 69 percent of the workforce for data collecting and processing activities. Augmented analytics can extend the pool of professionals who can access and analyze data through user-friendly interfaces.

Chatbot Incorporation

Automated solutions have let enterprises handle the massive traffic of customer queries and satisfy their growing demands. Chatbots are AI-driven customer support system that saves money as well as time for the firms. Today, several chatbot technology redirect options in case the customer needs to talk to customer support staff. AI also contributes to improvising chatbot experience for the consumers, as the technology holds the ability to analyze and utilize the past data records. Hence, AI promises to resolve more customer queries while reducing the need for much assistance from the support staff.

Technology introduces numerous next-generation business possibilities for existing organizations by boosting their business operations and increasing revenue. Many organizations are looking for transformations. The cost of installing new technology to training and guiding the workforce take a significant amount of time, but the benefits from those incorporations can prove to be the right initiative.  

Check This Out: Enterprise Technology Review

 

tag

Data Security

Process Automation

Weekly Brief

loading
ON THE DECK

Top Vendors

Field Service 2021

Top Vendors

Previous Next
Tweets by CIOApplications

Read Also

EPAM to Acquire PolSource to Scale its Salesforce Capabilities and Expand into New Markets

EPAM to Acquire PolSource to Scale its Salesforce Capabilities and Expand into New Markets

Destaco Launches TC1 Manual Tool Changer for Cobots

Destaco Launches TC1 Manual Tool Changer for Cobots

Four Business Challenges in Procurement

Four Business Challenges in Procurement

Five Trends Set to Transform the Contact Center

Five Trends Set to Transform the Contact Center

How the Weaponization of Artificial intelligence (AI) can Impact the Future of Humanity

How the Weaponization of Artificial intelligence (AI) can Impact the Future of Humanity

AiFi Announces Partnership with Wundermart to Launch Autonomous Convenience Stores

AiFi Announces Partnership with Wundermart to Launch Autonomous Convenience Stores

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2021 CIOApplications. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap  |  Subscribe |  About Us

follow on linkedin follow on twitter follow on rss
This content is copyright protected close

However, if you would like to share the information in this article, you may use the link below:

https://www.cioapplications.com/news/top-benefits-technology-brings-for-business-professionals-nid-5285.html