Technology is continuously evolving and changing the world we live in. Our dependence on technology is apparent in everyday life, and it’s evident that the digital sphere is built to adapt, change and improve. It’s easy to forget how abundant technology has become and if we don’t evolve alongside it, we risk painting ourselves into a corner.
Many people assume that technology has limitations and I’m here to put those theories to rest. The financial aspects of technology are growing at an exponential rate, and this development will soon make almost anything possible, including the rapid scaling of your business.
Technology can be incorporated into almost every aspect of your business, and once you understand the power of it and just how abundant it is, you can begin using it to scale your business.
Let’s take a look at how you can use technology to scale your business:
1. Break your processes down
Many of you will already have a technology process, but it may lack the efficiency it needs to ensure the smooth running of your business. If your process is disorderly and challenging to follow, this can reduce the level of productivity in the workplace.
When it comes to using a technology process, I suggest breaking it down so that each team member knows exactly what they should be working on and what technology they can use to complete specific tasks.
An excellent example of this plan in action would be with a sales team that works with a specific sales process that takes them through the steps required to reach the stage of a proposal or the close of a sale. Think about the different technologies a member of the sales team will require getting their job done right. When they reach the proposal writing step, they can use a variety of writing applications to create documents such as Microsoft Word or Google Docs.
2. Plan for changing technology
One of the most common obstacles that people face when it comes to technology is the ability to adapt and migrate from one technology to the next. It can be difficult to transition between different types of technologies, but overcoming this fear is the first step towards becoming more technology agile.
My advice is to avoid committing to an annual subscription in the beginning. Instead, pay the monthly fee and test trial the application to see how it works and if it’s something you want to continue to use before you commit to it.
Invest in training your team if you decide to move onto a new piece of technology. People are the single and most important part of any business to invest in them, and you’ll soon reap the benefits.
3. Migrating to Cloud Software
As your company grows, you need to start thinking about using the cloud to store files and data. Although many businesses prefer to own technology and have it available on-site, it’s more beneficial long-term for you to use SAAS applications.
When you use cloud applications, you will save a massive amount of money because everyone shares the application and you don’t have to pay for things like instant upgrades or onsite consultants, etc.
Another great thing about cloud software is the fact that you can easily migrate your current application into the cloud and control and update it from there.
4. Keep it simple
If you have a new business or start-up, I would suggest that you try and keep it simple. Avoid looking into complex technology tools in the beginning and instead, start on something like Google Docs before advancing towards a more sophisticated program.
Sometimes, something as simple as a spreadsheet document works well. As you start to figure out what you need, it’s much easier to transfer into the next program or to use something like Podio.
5. Linking software together
So, you may be asking yourself why use multiple technologies if they can’t link and communicate with one another? Well, it’s easier than you think.
Here’s three ways you can link up your software technology:
- You can perform a quick search for software integrations to find out what applications your software can link to.
- Software such as Zapier will allow you to integrate different software very quickly.
- You can build your own software that will integrate technologies as required. Great sites for this are product hunt and sumo.
6. The magic of technology abundance
We may not have hoverboards or the ability to time travel, but that doesn’t mean that technology isn’t continuously advancing.
Dr John Storrs Hall developed the Utility Fog theory in 1993 which was based on the hypothetical collection of millions of microscopic robots that can build and replicate a physical structure. What was once viewed as science fiction has materialized with innovative technologies such as the 3-D printer.
Another example is the Alcubierre Warp Drive by theoretical physicist Miguel Alcubierre. He discovered a formula for a warp drive like the one you see in Star Trek, which is a method that allows people to travel faster than the speed of light. Since its discovery, scientists and other technological geniuses have discovered ways to suggest this theory is becoming increasingly possible.
How can you become a technology futurist?
A technology futurist is someone who can think about where the future of technology is headed. We live in a fantastic time of technology abundance and understanding the future path for technology discovery and advancement is very important.
A great resource for this is Peter Diamandis, who came up with the concept of the Six Ds which are described as being a type of chain reaction of technological progression to help you predict the future of technology.
The Six Ds are:
- Digitised – Everything can be digitalized.
- Deceptive – This stage refers to the period when we deny the development of technology due to lack of evidence.
- Disruptive – The existing market for a product is replaced or disrupted by the new technology.
- Demonetised – The process of lowering prices so that software and technology are cheaper and more attainable.
- Dematerialised – Individual physical products are removed so that the technology is more accessible and fits in the palm of your hand, for example.
- Democratised – This is the final stage when a large percentage of the population has access to the technology.
Important links and mentions from this episode
Here’s a video where I talk about technology abundance and how magical it really is:
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