Reaching New Levels of Connectivity With ICT
Information and communications technology (ICT) is getting a lot of buzz, but it’s nothing new in the business world. In fact, this type of technology has been around for decades, and it has been employed in industries ranging from banking to consumer goods. Recently, ICT has helped inspire the development of innovative services, products and business models that help bring efficiency to new heights. However, many companies have been investing in siloed systems that only support specific functions like sales or customer relationship management.
The newest iteration of ICT is turning things around and helping bring businesses to new levels of connectivity. Savvy organizations realize the need to seamlessly integrate a complete portfolio of solutions and products with the help of the Internet of Things (IoT).
Real-time Feedback Propelling Businesses Forward
It is only through real-time feedback, collaboration and partnership that true gains can be made. This can allow manufacturers to refine their production process, find and correct supply chain gaps, or gain insight into how their products are used to help drive their future decisions.
Cloud solutions and networking are also helping firms to enhance cooperation internally as well as with external partners like suppliers. For example, moving development projects to cloud platforms enables engineers and designers to team up and move forward no matter where they happen to be.
Moreover, cloud-based ICT is far more cost-effective and requires much less maintenance than traditional IT infrastructure, making it a feasible option for a greater number of organizations. It allows firms to try to develop new products and outsource certain functions to partners so they can concentrate on building up their core business. Smaller businesses can now use the kind of Big Data analysis that was once only within reach of companies with huge budgets, allowing them to gain the insights needed to make the best choices for their future and remain competitive.
This blog post was based off of an article from Bloomberg. View the original here.