Businesses face constant changes. New technologies emerge, new competitions arise and consumer trends are constantly evolving. Business analysts are predicting major changes in four major vectors: people, technology, geopolitics, and economy. In order to remain successful, businesses need to be sure that their software solution is dynamic and is able to capture opportunity in this rapidly changing business environment. Microsoft Dynamics NAV (formerly Navision) can help your company prepare for the changes ahead.
Take a look at the following changes that are expected to occur in the near future:
While there has always been a new generation entering the workforce, this is the first generation that has grown up with the Internet. Described as always connected and always on-line, this generation enters the workforce with new attitudes and expectations regarding technology. This demands the evolution of business software, as well as provides new scenarios for businesses to consider. The new generation entering the workforce also tends to blur private life and business life, driving their individual preferences for work styles and devices. The expectation of the new generation to always be connected is expected to transform business software in a big way.
While the economy is beginning to experience significant growth once again, there are still some recession changes that are expected to be more permanent. One area that has significantly changed due to the recession is business software, or more specifically – how businesses look at software projects. In the past, companies have focused solely on a technology agenda, often investing in IT projects extending over multiple years. Businesses are now focusing more on software’s time to value (or shortening the time between the initial expense and the positive economic effects returned to the business). Businesses also pay for capability and capacity as used versus paying up-front for anticipated usage. This changes not only how software is acquired, implemented and deployed, but also how software projects are scoped.
The emergence of the Cloud is extremely significant in the field of technology. Other than running today’s applications in a new way, the Cloud is enabling a new set of business solutions viewed as impractical in past years. While the role of the cloud will be different for every business, it is likely to drive significant changes in every industry. “Big data” technology, commonly deployed by the Cloud, will also enable businesses to analyze previously inconceivable quantities of data, helping companies make better informed decisions. People will connect to the Cloud through a variety of devices, including smartphones, tablets, laptop computers and desktops. These devices will be able to capture information and push it into the Cloud, giving businesses the information they need whenever they need it.
As the business world becomes increasingly global, changes in geopolitical conditions (such as policy, regulation and energy costs) need to be understood and factored into a business’ operational strategies. Because much of the business world is interconnected, a change in one part of the world can have a significant effect on another part of the world. In order to remain successful, businesses must be able to quickly respond to these changes. Speed and complexity, therefore, drive new software requirements.
The successful business must be able to address these new business realities and develop strategies to respond to the constant changes on the horizon. Download our whitepaper, “Top Ten Reasons to Purchase a Business Solution from Microsoft”, to learn more about how business solutions such as Microsoft Dynamics NAV can help you address the changes to come.
Stay tuned for the next article in the series focusing on the greatest asset to any company – its people.