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    3 Ways Embracing Automation and Technology Will Help You Succeed in Business

     

    👌 3 Ways  Embracing Automation and Technology Will Help You Succeed in Business  👌✅

    3 Ways  Embracing Automation and Technology Will Help You Succeed in Business

            Technology has long been hailed as the salvation of modern industry, but others are concerned that it may hasten its demise. According to the Pew Research Center, two-thirds of Americans believe that robotics will take over most human jobs in the next 50 years, inspiring feelings of both disdain and awe toward the technologies we have developed.

           

     Rather than being overwhelmed by this looming threat, founders should know that they have more leverage than they think. The potential of technology allows us to generate value, which can open doors and encourage the entrepreneurial spirit.

      

          The issue is that most entrepreneurs have a hard time seeing what seems to be daunting as empowering.

    Stop being afraid of what is now taking place.


            People are concerned that robots, computers, and warehouses will take their work, and they are pondering whether their own jobs will be jeopardized. It's not a question of whether it will happen; it's a question of when. The takeover is still happening, so we're so focused on what's slipping into the mist that we're missing out on the incredible opportunities that technology offers.



            Here are several measures we should take to reframe technology as an asset rather than an adversary:


    👉 1. Figure out which things you should simplify to open up your mind for more imaginative big-picture thinking.

    Figure out which things you should simplify

            We didn't survive without cell phones for too long. We now hold powerful machines in our hands that tell us which roads to take while we're stuck in traffic, allow us to check in for flights, and allow us to look up everything we need at the touch of a button. They save us time, attention, and money, allowing us to focus on the things that really matter with our most precious resource: our lives.

        

        The same principle extends to our businesses. Things that take up time but don't need much thought — aka "busywork" in education — squander hours and brain cells that could be best expended on the challenging tasks we can't delegate.

            According to a study published in Behavioral and Brain Functions, mental exhaustion is caused by a chronic cognitive load (too much thinking). That means that when you do have the time to commit to certain high-value projects, you won't be able to do so because you won't have the energy.

       

         According to McKinsey & Company's 2016 "Automating the Insurance Market" survey, up to a fifth of the insurance industry's current functions could be merged or eliminated in the coming decade. For eg, machine learning might take on up to 60% of an insurance sales agent's work, but just 35% of an underwriter's. This means that in ten years, insurance firms would be able to devote more of their employees' brainpower to more complicated activities while delegating the simpler ones to computers.



    👉 2. Identify the areas where you contribute the most benefit to your organization, and then isolate the areas that detract from those responsibilities.

    Identify the areas where you contribute the most benefit

            Entrepreneurs make the mistake of believing that anything they do for their companies is worthwhile. To a point, it's all probably worthwhile, but some actions bring more value to their businesses than others. Growing a business and leading a team necessitates determining where you add the most benefit and focusing your efforts there.


            I've met with executives who knew their time would be better spent forming corporate relationships or recruiting executive-level positions for their firms, but instead, they were spending their days authorizing ad copy or backing up records, tasks that could be automated. To be sure, backing up data is critical for a company, as GitLab learned after witnessing data loss and a backup failure.


            The incident at GitLab started when a system administrator deleted a folder of live output data by mistake. Following this outage caused by human error, industry experts suggested that others use all-in-one tools with analyzers to decide what data can be backed up and then immediately back them up. This emphasizes the fact that most of what those entrepreneurs I've met have invested their resources doing might have been done more efficiently by technology than by them, allowing them to focus on creating high-revenue relationships instead.




    👉 3. Determine what the organization is actually unable to do on its own.

    Determine what the organization is actually unable

            Without a forum like WordPress, we all know developers who wouldn't have a blog on their website. Technology should be seen as an extension of the organization, allowing it to do things and have services or goods that it couldn't otherwise.


            My firm has worked with companies who wanted to do community brainstorming sessions to figure out what they could be doing but couldn't because of their existing technologies, personnel, or skill sets. They were our customers who wished that our network would be able to help them with their new endeavors. In some cases, we already had a way to do what they wanted and they needed to teach them how to add it; in others, we spoke about how we could build it or tweak an existing functionality to do it.


            My corporation — and theirs — used technology to extend our services and develop our companies in both cases.


            Many of our occupations can be redesigned as a result of technological advancements. But now is a moment of hope, not fear; the future of our businesses and roles will be improved, not reduced, iterations of what we do now. You'll be leading the technological developments you'll face rather than being guided by them if you open up any brain space, decide where you add the most benefit, and pinpoint what you plan to do in the future.

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