Exploring the Business Technology Trends Your Enterprise Should Implement

While it’s essential to stay on top of the latest business tech trends, your company also needs to have solid implementation strategies for new tools and technologies.

July 10, 2024 | By Armando Franco

As new technologies like generative AI dominate the headlines, it can be challenging for businesses to look past the buzzwords and find business modernization solutions that will actually generate results for their internal teams and customers. Your enterprise needs to manage innovation to drive business while also managing cost and complexity in day-to-day operations—all easier said than done.

The best business technology solutions live at the intersection of innovation and simplicity. When determining which business technology trends to implement, it’s best to start with your end goal in mind. Take time to develop a detailed strategy to ensure your business initiatives are met and new technologies are used efficiently and effectively.

Taking the Multivendor Approach

The right technology solution for your business may not come from a single vendor—it may require more than one to achieve multiple objectives. Determining the right tools and the right vendors can provide a more custom solution that better meets the needs of your enterprise. An effective technology partner can leverage different vendors to create a technology solution that will help you achieve your goals. This not only saves you time but also helps guarantee success.

Embracing Hybrid Cloud or Multicloud Environments

As enterprise technology trends evolve, moving to the cloud has become a significant focus for businesses. Now, however, organizations understand that they need to adopt the cloud in a way that makes sense for their business. That may mean choosing a hybrid cloud or multicloud solution to simplify security and keep cloud spend under control.

Evaluating and Modernizing Internal Processes

A technology platform is only as effective as the processes around it. Evaluating and developing effective processes around new technologies, as well as current platforms, can put the entire business in a position for future growth. Embracing process modernization—a key aspect of business tech trends—allows your organization to leverage tools like automation, alleviating concerns about limited staff or time. Plus, the smoother your enterprise’s internal processes are, the quicker you can provide solutions to customers, enabling your business to stay ahead of the competition.

Prioritizing People Over Technology

Just like how the best technologies are ineffective without the proper processes, the right tools are useless without the right people—with the right skills—using them. Instead of focusing on the latest technology trends in business, develop a holistic solution that includes upskilling current staff and providing them with the training to use the latest and greatest tools. When you focus on your people and their impact to the company overall, you can better retain team members and attract new staff who will bring new ideas and help your organization thrive.

Focusing on Security and Compliance

As businesses adopt new processes and technologies, protecting their data—especially their customers’ data—becomes more critical. With highly regulated industries like healthcare and finance moving to the cloud, security has become a top concern for many organizations. And customers themselves are aware of the importance of data protection and won’t do business with companies that can’t guarantee the safety of their data and identities.

Looking Beyond Out-of-the-Box Solutions

With today’s rapidly evolving technology landscape, businesses must find solutions that work for their initiatives and goals. Whether that means embracing partnerships with multiple vendors, implementing hybrid cloud or multicloud solutions, or using automation to modernize processes, the right technology requires a customized solution to work effectively for your enterprise.

An experienced technology partner can help your organization develop comprehensive strategies for future business growth, ensuring that you adopt the best tech, data and security strategies to meet your business goals.