There was a time when a real business process, experienced/risk-taking management, proper resources, excellent raw materials and high-quality products were enough for any business to succeed. Companies were dependent on people, and the manual maintenance of all “books.” But, it was arduous and time-consuming.
Times have changed now, and there is only one addition to the previously mentioned criteria for businesses to succeed - Technology. The management takes less risk and doesn't go with just their gut feeling. They use technology to minimize risk and make more informed decisions.
Through technology, we have minimized the use of paper, reduced human errors, and are saving time all at once. It is with the coming of technology that their newer counterparts have replaced many mature and highly successful companies.
So how have these companies become so successful using technology?
It is quite simple - they adopted enterprise solutions not just as an enabler but incorporated it at the very core of their business!
They use apps for their daily business transactions which have made their process more agile, robust and flexible. Attaining a distinct advantage over their competitors, regarding decision making, they make sense out of data using analytics. They make the necessary informed decisions, reducing the risk put on their firms and at the same time maximizing their profit.
Presently, we are in an age where almost all companies have technology. The enterprise software is made such that it caters to a large number of industries, putting them all in the same grade. In short, a business succeeds not because of the technology but having something unique that gives you an edge over your competitors.
Sensiple welcomes you to the future!