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 Preparing Your Organization To Adopt Emerging Technology

Business leaders are struggling with a new reality: every company is now a tech-inclined company. Those who are not cannot compete anymore.

Merging technology with your business strategy is the only way to stay ahead. This requires your teams to adopt (and adapt) to emerging technologies such as blockchain, artificial intelligence, or augmented reality - to mention a few.

As you build business goals for the future, adopting new technologies should be a priority. Also, simplify the process with the following practices:

1. Play The Devil’s Advocate

It's just as crucial to understanding your business as it is to understand the technology you want to implement - and start by asking yourself honest questions. As you make your inventory, ask:

  • In the current situation, where can our competitors beat us the easiest?
  • What inefficiencies in our company would benefit most from the application of technology?
  • Do we have the appropriate culture to adapt to emerging technology?
  • Is the technology we are interested in useful or simply interesting?

2. Set Priorities

Make the discussion of adopting new technologies a big part of your annual and quarterly planning. Involve everyone in learning how new technology could solve one of your core problems.

Be prepared to solve the problem and give everyone in management a say in prioritizing before deciding on a company's unique technology strategy. You will find that departments that you do not normally associate with technology factors (such as human resources) will have useful information. 

3. Keep A Balance Between Reliability and Agility 

Understandably, you do not want to completely break the traditional way of doing things when you incorporate new technology in your business processes, especially if you are already working from a huge backlog; some people like the discomfort associated with starting from scratch. You can alleviate this by taking a bimodal approach.

Instead of leaving IT in the "backroom" and letting developers run all the fun projects that use emerging technology, combine teams to approach the best of both worlds.

4. Spend Time Learning

Whether you decide to implement a lifelong learning program using an online platform or promote a culture in which individual and ad hoc learning is appreciated and encouraged, you need to help people keep up with the changing technology you want to adopt. Encourage the development of skills. It takes time to find out what's at the top, but the innovation propelled by your teams through emerging tools is worth it.

5. Experiment and Prototype

No matter how important planning is, you will only have to dig and try new things in the end. If you're curious about how technology can help your workforce, try a one-point solution - you should never feel so stuck in applying a technology that you can't scrap it if it doesn't work or does not solve a problem. But helping real people use it as soon as possible is the best method to find out.

The Mentality of Emerging Technology

As competitive pressures, disruptive systems, and growing merchandise force organizations into the future quicker than ever, it may seem overwhelming to decide which of the latest and most significant technologies will help your company solve its problems.

Use these five keys as a way to find clarity; apply the steps to a segment, division, or even a project at a time. Try a technological solution to meet a specific need and repeat.

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