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Small Businesses and the Fourth Industrial Revolution: Adapting to change

Small Businesses and the Fourth Industrial Revolution: Adapting to change

The fourth industrial revolution is a term that has been used to describe the current period of rapid technological change. Technological advances in fields such as artificial intelligence, robotics, and the internet of things are driving this change. This has led to the development of new technologies and business models, which are disrupting traditional industries. 

This rapid growth in technological advancement has also created opportunities for small businesses to improve efficiency and business processes. In this blog we are going to discuss how small businesses can adapt better, the available technologies that can be used in day-to-day running of businesses and how to get started in a practical way. 

Small Business and Fourth Industrial Revolution

What are the benefits of adapting to the fourth industrial revolution?

The benefits of adapting to the fourth industrial revolution are plentiful. By embracing new technologies, small businesses can automate processes, improve communication, and create new products and services. 

Automating processes can save time and money. For example, a small business could use a machine learning algorithm to automatically categorize and invoice customers' purchases. This would free up employees to work on more important tasks.

Communication can also be improved through new technologies. For example, video conferencing can help team members in different locations work together more effectively. 

Small businesses can also create new products and services through the use of new technologies. For example, a small business could create a mobile app to help customers make better purchase decisions. 

The benefits of adapting to the fourth industrial revolution are clear. By embracing new technologies, small businesses can improve efficiency, communication, and innovation.

Start taking advantage of the fourth industrial revolution in your business today

Ways in which small businesses can start taking advantage of the fourth industrial revolution today include: taking full advantage of the internet and connected technologies, automating tasks, incorporating artificial intelligence in normal business operations and keeping informed on the latest technological advances. 

It is important for small businesses to keep up to date with the latest technological advances. Doing so will allow them to take advantage of new opportunities and stay ahead of the competition.

The internet has completely redefined how businesses operate and has levelled the playing field for small businesses. Online tools such as social media, online marketplaces, search engines and email marketing have allowed small businesses to compete with much larger businesses.

Adapting to the Fourth Industrial Revolution

In order to take full advantage of the internet and the fourth industrial revolution, small businesses need to automate as many tasks as possible. 

This can be done using online cloud based accounting tools and software, customer relationship management (CRM) software, marketing software and payroll software. Fortunately Skhokho Business Management Software incorporates: Human Resource Management, Accounting Software, Project Task Management, Customer Relationship Management and Objective Key Results Software - all in one solution, designed specifically for small businesses for ease of use. 

 

Small businesses and the use of cloud based software for day to day operation management

Gone are the days when businesses used spreadsheets and paper files to manage their day-to-day operations. In the fourth industrial revolution, small businesses need to adapt to using cloud-based software to manage their operations.

Cloud-based software is software that is hosted on remote servers and accessed via the internet. This type of software allows businesses to access their information from any device with an internet connection. This is especially beneficial for businesses that have employees working remotely.

Cloud-based software can be used for a variety of purposes, such as bookkeeping, invoicing, customer relationship management, and marketing. Skhokho is built and created for small businesses, to specifically address the challenge small businesses have with reconciling their day-to-day operations.

Skhokho Business Management Software

If you are not currently using any cloud-based software, sign up for a 14 day free trial with Skhokho today. Some of the benefits of using Skhokho Business Management Software include:

  • Reduced costs: As a cloud-based software, Skhokho is less expensive than software that is installed on your computer. 
  • Increased flexibility: As a cloud-based software, Skhokho can be accessed from any device with an internet connection. 
  • Increased efficiency: As a cloud-based software, Skhokho allows employees to work from anywhere, which can increase productivity.

 

You can try out Skhokho for Free with no credit-card required. If you do not like it after the 14 day trial, simply stop using the software. The available application within Skhokho are:

  • Meeting Management Software - with functionality to plan, schedule and record meeting minutes for your business
  • Note Taking Application - write notes on the go, save information and share them online with anyone using a simple link
  • Human Resources - Keep track of employee HR files and information, records, HR policies in one place
  • Objective Key Results - One of the leading and most respected goal setting methodology and process, directly built in to Skhokho
  • Project Task and Milestone Management
  • Customer Relationship Management Software (CRM)
  • Accounting, invoicing, quotes software

Register here: https://skhokho.io/authentication/register

Skhokho Business Management Software
Bertha Kgokong
Published on Feb. 16, 2022

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