In a world that is getting increasingly mobile and hyperconnected, implementing a mobile solution has become a necessity.
Did you know?
There will be 93.5M mobile workers by 2024, accounting for 60% of the total U.S. workforce. –IDC
The Bring Your Own Device (BYOD) and business mobility market size is estimated to grow from USD 35.10 Billion in 2016 to USD 73.30 Billion by 2021, at a CAGR of 15.87%. -Marketsandmarkets
Business Mobility Management Market size valued at USD 3.5 billion in 2019 and is expected to grow at over 15% CAGR between 2020 and 2026. –Global Market Insights
Looking at those statistics, where do you think your business stands in the shift towards business mobility?
If you’re still unsure about why others are moving from a traditional model to a more mobile way of operating and why you should too; let’s break down some of the most significant benefits below.
1. Business process optimisation
A digital and mobile business boosts efficiency and productivity. How? With the right IT infrastructure and business systems, your teams can simplify ordinarily tedious and manual administrative work into one clicks. Things like entering information, uploading documents and processing forms can be automated and streamlined from 10 steps to 1.
This kind of technology can also help you to reduce entry errors and miscommunications which can cost your business time and money. In fact, some of these functionalities are even accessible on-the-move directly from the mobile device – taking the productivity of your employees to new heights.
The flexibility that mobility provides pays off by increasing the operational speed of employees. As everything is done through a mobile device with just a few clicks, the process speeds up. Being able to access their work on any device from anywhere increases their efficiency, productivity and performance.
2. Substantial reduction in costs
In order to maximise profits and enjoy healthy revenue, businesses need to control costs. Imagine an environment where there is zero waste and little downtime. What does that mean for your expenses and costs?
Why wouldn’t you want higher cuts in expenses if your employees can perform their tasks remotely, quickly, and with less time needed than ever before? Can the same be said for companies that are overstaffed or not using their manpower efficiently? Most likely not.
Also, opting for mobility almost always means going paperless too. We can’t deny the positive financial and even environmental impacts of this shift. You can, in turn, use the funds you have saved to improve other areas of your business that need urgent attention.
3. Better portability and smooth content sharing
Today, we can work anytime, anywhere. With productivity and collaboration tools, team members can communicate as effectively as before. With the ability to review conversation threads and share information instantaneously, there is less friction and more accountability across the board.
It is essential for all organisations to be able to cascade information and share key decisions to employees effectively. This makes it particularly challenging for organisations with complex architectures and hierarchies. One way to address this is to put those important information right in front of them by pushing it directly to their mobile devices. That way, employees cannot miss it.
This also promotes a single source of truth in the company. With the help of cloud-based solutions, information can be shared from a single platform to promote transparency and collaboration. If everyone is furnished with the same information, we can nip in the bud problems such as information asymmetry which can lead to poor decision-making.
4. Fewer errors
Manual data entry is not fool-proof and is often mistake-prone. OCR and auto-fill features, on the other hand, can significantly improve accuracy and efficiency in populating data fields.
For example, employees can use a mobile application to input hours worked, and the right solution can safeguard against entering incorrect information that falls outside of certain parameters.
This type of application also makes it easier for supervisors to give approvals with smaller margins for error.
5. Gain access to real-time data
The ability to access real-time data in various environments is crucial for success. For example, when a picker in a warehouse has a mobile device that is equipped with a barcode scanner, they can see where a product is located, how many of the item needs to be picked and whether or not the item is available or needs to be ordered from another location. Once an item is scanned, the mobile system automatically updates inventory status in real-time, ensuring that the business is not over promising on order fulfilments.
Smartphones open up many avenues for business development, such as on-the-go sales and omnichannel order fulfilment, leading to more efficient ways your business can generate revenue.
By deploying mobile solutions throughout your organisation, you’re equipping your employees with powerful business tools that will give them access to real-time business data, allowing them to better do their jobs and, ultimately, make the business more profitable.
A business mobile solution helps transform a traditional business into one that is future-ready. It is a technological advancement that can help any business take on the challenges of today. You should adopt a mobile solution today especially with all the benefits enumerated and explained above.
Consider this big leap as a way to keep your business running 24 hours a day.
Take your first step towards developing your business mobility by talking to IFCA’s experts now.