A decade after the economic downturn, the job market has finally started to rebound with jobs being added in nearly every sector. The unemployment rate in both the US and UK has been sitting at around 4% for the last few years, down from an average of 6.5% in 2014. While most companies are having success finding the candidates they need to fill their open positions, businesses in the manufacturing sector have been struggling to get applicants through the door.
The National Association of Manufacturers estimates that US companies will face
As anyone can see, technology has changed the way people interact with one another. But it hasn’t just impacted human connection – it’s changed the way we go about everyday processes and changed our priorities.
This change has been especially noticeable in the business world. Companies are interacting with customers in different ways, and collecting data has become an increasingly important task. However, business in general is often slow to adapt to changes – just look at how many people still list their fax number in their email signature
Business technologies are advancing at a rapid rate. The choice of new and improved products can often be incredibly overwhelming. Faced with such a range of options, companies often freeze with indecision, or end up making a bad investment. The problem is, if your business relies on unsuitable or outdated technology, it will risk falling behind its competitors.
Here are three reasons why your business needs to keep up with the pace of change – and crucially, take the right approach to new technologies.1