“This is a stick up. Hand over the money!” is the saying Hollywood has taught us to associate with robbery and theft, but it is the not-so-obvious threats that financial and retail organizations face that carry the most risk. Hidden hazards like internal theft and loss due to transaction error, add to the existing safety challenges businesses like Credit Unions, Payday and Title Lenders face every day in their customer-facing, retail locations.
How we are working now and where we will go in the future will depend on the readiness of companies to re-look at their business and redefine their models for maximum productivity. We have seen three trends that are important to consider in this Digital Transformation / Review for Readiness – as we are not likely to go back to the model that we had pre-pandemic: Remote Work Readiness, Returning to Work Safely, Rethinking Operations.
If you have started your Digital Transformation by digitizing your documents – then you
As the world of Internet of Things (IoT) continues to grow and becomes more complex, your business needs the support to navigate through the noise and adapt to the right technologies to stay ahead. Your IT department plays a critical role in taking the right steps forward for the business. Yet, there are challenges within the team, such as not having enough people, bandwidth, or capabilities to support your current operations and even your future growth.
How does Konica Minolta’s IT Services division, All Covered, help businesses function, grow and deal with the increasing complexity that remains a challenge for an in-house only IT department?
We hear it all the time: “If it’s not broken. Don’t fix it.” That said, you and I know that it pays to upgrade because new technology typically makes things work better, faster and more efficiently. The same is true of processes at your business. With technology changing so quickly, without taking the step to transform your operations, you can lose your competitive edge. Your competitors can leap frog over you and get the advantage because they have already made the commitment to automate their operations.
Brand consistency can be a challenge for global enterprises but is critical for success. Creating a consistent branding message enables you to develop global recognition while engaging with your audience to build meaningful relationships. A cohesive brand ‘voice’ is a benefit to the entire enterprise, but connecting global locations and tasking them to act as brand guardians can be complex. While this may seem like a minor issue to tackle, brand consistency is crucial for three very key reasons:
In the first post of this series, we noted how instrumental your IT organization is to enterprise productivity, risk mitigation and profit protection. We also introduced the change management spectrum and it’s first two phases: 1) Communication Conception and 2) Collaborative Architecting.
IT is a multifaceted category as it connects every function of your enterprise, no matter the type of work. Changing suppliers for an IT based offering can introduce specific challenges. It is vital to forge a path of properly set expectations that will make a positive and meaningful impact for the acclimation of your workforce to a new supplier, and vice versa.