Wednesday, February 8, 2012
The Next Digital Business Hurdle
Simply stated -- when everyone does it, it stops being special.
Lawyers used to all need secretaries. Now, most get by without or three lawyers share one assistant. Technology has always been about labor saving. Labor saving technology used to just shave minutes from production time but now it's shaving workers from the payroll.
But that's just the first step in the revolution that's happening in business.
When IBM sold their first computers, all they did was take the business processes of the 1940's and digitize them. Those processes have served us well for more than 60 years but now they're outdated. The old mainstays of the economy are now on shaky ground as the Digital Revolution unfolds.
The next radical changes will be in how business gets done. One place I think will see traction is the merger of social media and business transactions. For example, Tradeshift offers free business invoicing for life through a social network that maximizes communication across the supply chain. It's the cloud paradigm's answer to SCM.
The next generation of processes will do exactly what they are supposed to do -- identify procedures that reduce transactional costs while improving transparency and reducing error.
But this is just the beginning. How will new business processes impact your bottom line? Are you adapting or will you die out?
Find out. (305) 423-9574
R-Squared Computing | Lou RG | Nearly Free IT | Firm Wisdom
Subscribe for free insights: RSS | Email