Appleton Greene & Co’s Post

Technology is rapidly evolving, and new trends emerge every year that transform businesses and our everyday lives. As we enter 2024, some key technology trends are expected to shape the future and provide new opportunities. In this blog, we will explore the top 10+ technology trends that will drive innovation and disruption in 2024 and beyond.

Maximizing the potential of technology investments is essential, yet many companies face challenges when aligning these purchases with clear business goals. This article explores how organizations can enhance the success of their tech investments through defined objectives, collaborative decision-making, and ongoing progress monitoring. With the right strategy, executives can ensure that technology drives real business outcomes. #TechnologyStrategy #BusinessInnovation #AllComWholesale

Seamlessly integrating new tech solutions into your existing infrastructure is essential for staying competitive. Follow these expert tips to ensure a smooth transition and unlock the full potential of innovation in your business. 1. Conduct a thorough audit of your current infrastructure to ensure compatibility with the new technology. 2. Define specific objectives for the integration to align with your business needs and strategy. 3. Begin with a pilot project to test the technology before full-scale implementation. 4. Involve key stakeholders and provide training to ease the transition. 5. Continuously evaluate performance and make necessary adjustments post-integration. These tips will help company to integrate new technology solution into its current operation to maximize productivity.

With technology rapidly revolving, SMEs are finding it difficult to match this pace and meet their technological needs.

Where are the main areas of Value and Growth? What are the key technologies that will enable that growth, and require necessary strategic changes for years to come? This article provides a comprehensive overview and priorities of Technology Trends in 2024. It helps to plan ahead by developing an understanding of potential use cases, sources of value, adoption drivers, and the critical skills needed to bring these opportunities to fruition. https://lnkd.in/gW3mVJXK

Technology Use and Process Improvement Practices for SMEs Technology aids civilization improves productivity and helps in the development of economies. The advancements in many forms of technology have helped improve our standard of living. Not only that, but they have also aided production and productivity. As big and global businesses use technology to improve their processes, small businesses should also start to take advantage of these technologies. The Internet, computer and mobile technology are critical for operational efficiency, and these are technologies that are available for SMEs to deploy for productivity and operational efficiency. This week, our focus will be on the impact of technology on process improvement and how SMEs can deploy technology for enhanced capabilities. Join us on LinkedIn this Thursday at the audio event “Small Conversations with Kolawole Kehinde” as Kolawole Kehinde and Stanley Apugo share insights, thoughts and solutions to SMEs and technology deployment. We also will be expecting you to join in the conversation.

Stop assuming companies are ready for technology. You're giving them too much credit. Over 85% of companies get this wrong... They assume companies will: ➟ Invest in new technology ➟ Train their employees on it ➟ Integrate it seamlessly into operations ➟ See immediate benefits and ROI But it usually isn't true. 👉 Your goal: Identify the technology a company must adopt to stay competitive. How? Think of it like a puzzle... Identify market trends that SHOW you're right: ➟ Competitors investing in similar tech ➟ Industry reports highlighting the technology ➟ Case studies of successful implementations ➟ Forecasts of market share growth When you use industry data, you're borrowing credibility from experts. The executives doesn't believe? They're arguing with analysts, not you. The more strategic your approach, the better you'll future-proof your company. Proactive adoption > Reactive scrambling

Core and Enabling Technologies Core and Enabling Technologies:  Core technology centers on what an organization provides as a service or product (purpose), as explained by mission and goals, whereas enabling technologies provides the infrastructure, and processes that facilitate the organization to achieve its core competency.  Hodge, Gale, & Anthony (2003):  Technology is the term used to refer to the work performed by an organization. Technology refers to the knowledge, tools, machines, information, skills, and materials used to complete tasks within the organization, as well as the nature of the outputs of the organization (p. 142). Core competencies provide potential entry to a variety of markets, contribute to a perceived significant benefit to the consumer in terms of end produce, and are difficult for competitors to imitate (Hamel & Prahalad, 1990). Core competency is how well something is done by an organization that enhances the ability to compete. As such, it may be considered somewhat subjective and intangible. Core technologies are used to support core competencies. The core technology provides leverage to the organization, so it may fulfill its competencies. Core technology provides leverage to the organization, so it may fulfill its mission and grow. Enabling technologies are often associated with infrastructure and assist the core technology in doing what it does best. How a company understands its core technology may affect its mission and the way it approaches business. 

McKinsey and Company McKinsey Technology Trends Outlook 2024 July 16, 2024 Report Which technology trends matter most for companies in 2024? New analysis by the McKinsey Technology Council highlights the adoption, development, and industry effects of advanced technologies.