A company’s productivity immerses in a period of digital transformation in which companies are in the process of adapting to new technologies that are changing the way of doing (and understanding) business. These technologies will be vital in improving the productivity of an organization understood as the production capacity of an economy one of the great objectives of any business strategy and in employee satisfaction and their degree of commitment.

Higher Productivity

On the one hand, advances such as Big Data and Artificial Intelligence help companies be more efficient. Focus on the most exciting customers, products and services. Ultimately better use the organization’s assets. Therefore, the massive collection of data and its analysis and the ability for objects to communicate (Internet of Things) are fundamental pillars for increasing productivity.

However, to achieve this goal, a crucial element should not forget. And it is that no matter how much technology is used or integrated into business processes if the human team does not work, the result will continue to be poor.

Satisfied Workers

The work experience of each person tends to mark their effectiveness as an employee. If someone is motivated and engaged, they will generally be more productive. And technology has a lot to contribute.

In the first place, and beyond the aid that can obtain, the human team will improve the company’s perception by implementing technologies that will enhance work dynamics.

If innovation castoffs correctly, it will provide a project vision in the medium and long term, which results in worker confidence.

One of the things that new technologies and access to networks have changed is the perception of some jobs. It provides flexibility that employees value favorable since it is an excellent help in reconciling work and personal life. Nowadays, it is possible to work on a computer, phone, or any other device with Internet access from almost anywhere.

In many sectors, it will be possible to work by objectives and stop doing it by hours, resulting in productivity improvement. If an employee is valued for his work regardless of the hours he spends on the job, he will feel more valued Finally; technology provides tools that facilitate collaborative work. Those enable better coordination while uniting the team more, increasing the feeling of belonging, and improving commitment. It is not necessary to be in the same room to work on the same project but the connection between the team members can be permanent.

The Incorporation of New Functionalities

The most modern technological solutions allow a company to incorporate functionalities that it could not even consider assuming until now. Thus, for example, augmented reality makes it possible for mechanics to receive diagrams and technical bulletins in special glasses, with whose support they can reduce the execution time of repairs by 40%.

Linking technology and productivity gives you the possibility of having resources that improve the company’s results, reducing time and repetitive tasks and, at the same time, making employees feel satisfied. Do you want to know how technological advances can help you increase your company’s productivity?

Technology: a Key Element to Boost Productivity

technology

The leading indicators indicate that the economy has begun to slow down. There do not seem to reasons for alarm experts warn it is essential to implement measures help improve the situation. A business level the analysis  exploitation of big data through artificial intelligence are already widely use to adapt products

A fundamental lever to boost the economy is productivity, understood as the production capacity of an economy with the available resources land, labor, capital, and technology. since we are fully deep in the digital age and automation and Artificial Intelligence, technology. Becoming increasingly essential to relaunch economic growth.

As the dossier, New technologies and products, prepared by Claudia Canals and Oriol Carreras. Published by Caixa Bank Research, points out. Technological progress is key to stimulating productivity and therefore economic growth. Technological advances also expand production capacity, encouraging the creation of new jobs. “In a world where machines not only execute and think but also begin to learn.

A complement to the labor force new technologies are closely linked to productivity, given that in specific jobs. Automation complements the worker. In 1980s and 1990s, information and communication technologies (ICTs) were essential for improving productivity driving economic revival and prosperity.

The similar way that new technologies have promoted labor productivity growth in the past. They may do so again in this new technological era that we are entering. A business level the analysis  exploitation of big data through artificial intelligence are already widely use to adapt products. Customer needs better.

Conclusion

In this sense, different analyzes predict a significant increase in labor productivity thanks to Artificial Intelligence in the medium term. In a similar way new technologies have promoted labor productivity growth in the past.

 

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