Over the past few years, we've seen a dramatic shift in how businesses operate. Thanks to advances in digital technology, businesses of all sizes are now able to connect with customers and clients all over the world. However, as an entrepreneur, you can't just sit back and let technology do all the work for you. In order to really take advantage of these new tools, you need to be proactive and use them to grow your business. Here are a few ways the DBR Chamber of Commerce says you can do that:

Use Cloud Computing to Reduce Costs and Increase Efficiency

Cloud computing allows you to store data and applications off-site, which can save you money on expensive hardware and software. It also makes it easier to share files and collaborate with other employees or contractors.  

Use Data Analytics to Optimize Your Processes

Data analytics can help you understand your customers better and figure out which marketing campaigns are working (and which ones aren't). Digital Hill explains that this data can help you improve the customer journey and create personalized marketing campaigns. By using data to inform your decisions, you can save time and money while growing your business.

Create a mobile app

More and more people are using their phones and tablets to access the internet, so it's important that your business has a presence on these devices. By creating a mobile app, you can make it easy for customers to find information about your products or services, schedule appointments, or make purchases — all from the palm of their hand.  

Use AI to Automate Tasks

Artificial intelligence (AI) is being used by businesses of all sizes to automate tasks like customer service, sales, and marketing. By using AI, you can free up your employees' time so they can focus on other tasks — like growing the business.

There are a variety of artificial intelligence (AI) options available for small businesses. Some popular options include chatbots, which can help with customer support, and machine learning algorithms, which can help with tasks such as marketing and inventory management. It's important to choose an AI option that fits the needs of your business. For example, if you're looking for a customer support solution, a chatbot might be a good fit; but if you're looking for a solution to help you with sales and marketing, then a machine learning algorithm might be a better option.  

Work with IT services providers

IT services providers can help you choose the right software and systems for your business, set them up, and troubleshoot any problems that come up. They can also provide ongoing support so you can keep your systems running smoothly. If you don't have the budget for an IT team or even a full-time employee, you can work with freelancers to help you with many of your processes, which is a much more budget-friendly option than hiring a traditional employee.  

But before you commit to an IT contract, make sure they are well versed in cybersecurity practices because as you grow your innovation, your risk of cyber threats grows, too. You’ll want to have a firewall installed alongside dual factor authentication for your primary programs. See if your new IT contractor can also train your employees about fraudulent emails, the value of complex passwords, and how to encrypt files. Fortunately, you can create a PDF online for free and then add a password with only a few steps: Tools -> Protect -> Encrypt -> Encrypt with Password. 

Use Online Project Management Tools

Online project management tools like Basecamp or Trello can help you keep track of deadlines, assigned tasks, and progress reports — all in one place. This can be especially helpful if you're working with a team of employees or contractors who are located in different parts of the world.

Implement Tools and Apply Data

Digital innovation has transformed the business landscape — and as an entrepreneur, it's up to you to use these new tools to grow your company. By utilizing online tools, data analytics, and developing a mobile app, you can take your business to new heights — and stay ahead of the competition. But be sure to implement good cybersecurity practices using training and online tools, too. Innovation is most helpful when conducted in a stable business environment. 

Grow your business by building relationships with other local entrepreneurs and accessing unique resources offered by the DBR Chamber of Commerce. Join us today!