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The new business ecosystem: What does this mean for your company?

The incorporation of technological advances in companies is creating a new business ecosystem in the world. Normally companies are classified by size, however, thanks to the incorporation of new tools such as Fintech and open technologies smaller companies can become real competition for large multinationals. On June 20, Madrid will host the VI edition of Openexpo Europe, the largest European event on topics of artificial intelligence, cybersecurity, robotics and technology applied to innovation. Professionals of any field and specialized will be able to know the latest technological advances available to be fundamental for the growth of the current business fabric.

Digitalization of businesses

The digitalization and the new technological processes suppose an important competitive advantage for those that incorporate them to their businesses. This has been demonstrated by tools such as fintech: The particular accounting of each department or the coordination for administrative professionals can take a lot of management time and subtract hours from the day to really dedicate it to tasks that generate real benefits. An example of this is its application to the commercial team. In his tasks, the justification of many expenses for displacement issues, accommodation, etc. is included. During the time they dedicate to creating expense sheets they are losing the opportunity to generate new sales. Fintech solutions benefit workers’ time to reduce costs and increase profits.

It is not just the incorporation of tech, but how to use it

The incorporation of technological advances in companies must be accompanied by training programs. Professionals must see the new tools as allies to optimize their work processes and not as a threat to their positions. Investing in the right applications can multiply the productivity of each worker and thus the profit account of the company. That is why from the organization of the event insist that the information and training of employees is vital to the business strategy. More than 80 professionals have collaborated in the ebook “The future is open” to highlight the need to also create a community to share the advantages and opportunities of the advances that will be key for the future of the sector.

Also published on Medium.

Published inStartups

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