Intelligent automation offers a variety of benefits to organizations, including improved efficiency, enhanced productivity, greater accuracy and output and an overall cost savings. For companies that have yet to employ this technology, however, the biggest hurdle to overcome in doing so is often resistance from employees. For some, this contention comes from fear of becoming […]
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In a recent survey conducted by IDC, 45% of CIOs and senior IT executives stated that one of their top three objectives is to “create competitive advantage for the business.” Today’s IT leaders are, perhaps more than ever before, being asked to deliver more. More reliability. Faster responsiveness. Greater flexibility. They are expected to leverage digital transformation to create disruption. And they are expected to do all of this while keeping financial impact at a minimum.
These IT leaders find themselves facing quite the challenge: finding a way to continuously innovate in the face of increasing budgetary restraints. The good news is, with the right strategy, this is – indeed – possible. Here’s how.
Leverage Your Data
Today’s forward-thinking organizations are increasingly driving business value and seeking to achieve competitive advantage through deeper data insights. This enables business leaders to uncover hidden value in existing services or products. With the right approach, innovation doesn’t have to be expensive. Simply prioritize the results of data discovery in order of those initiatives that require minimal risk and investment but have the potential for high returns.
Ultimately, the key to innovation lies in having a data-oriented mindset. Initiatives that focus on reducing costs and streamlining processes can be successful, but only when the right data is being used the right way to facilitate better decision-making. The ability to rapidly execute on those findings is also important.
Review Risks and Seek Out Greater Efficiency
Another critical key to cost-effective innovation is risk analysis and efficiency planning. Review the risks the business has and assess the impact and likelihood those risks may have on customers and operations. From there, you can prioritize and monetize, making more informed decisions about which areas budget cuts can be made while still meeting business needs.
Budget cuts enable business leaders to focus their efforts on maximizing efficiency. Establishing leaner teams, optimizing process management and improving the effectiveness of certain key elements, such as data storage, can all result in a better product or service at a lower cost. And, of course, adoption of technologies, such as intelligent automation (which we touch on in greater detail below), to help streamline processes and maximize efficiency.
Optimize, Optimize and Optimize Some More
The most innovative organizations – especially those on tight budgets – make a concerted effort to continuously optimize ongoing operations and costs. It’s never a “set it and forget it” kind of thing. It’s a never-ending battle – one for which technology can provide a leg up.
IT leaders must take advantage of targeted applications and cloud opportunities to extend and enhance their core capabilities. By leveraging the power of tools like artificial intelligence and machine learning, operations can be fully optimized. Not only does this create a more productive, efficient work environment, but it also frees up human workers to apply their creative, cognitive skills toward innovative business initiatives.
According to Gartner, 90% of the IT budget is currently consumed by the support of legacy systems. These costs can be dramatically lowered through IT optimization. Adopting the right technologies – preferably ones that seamlessly integrate with legacy systems – can reduce expenditure, improve customer service and provide distinct competitive advantage. At the end of the day, innovation takes funding and resources. IT optimization can free up both.
Looking for a platform that can bring your legacy systems together, improve efficiency and help you harness the power of data for better decision-making support? Ayehu offers all of this and more. Experience it for yourself. Request a live demo today and get your organization on the path to affordable innovation.
As any IT leader will acknowledge, attracting top talent is only half the battle. It’s keeping them on that’s the real challenge. And with an average employee tenure of only about 3 years, it’s a serious concern for many organizations across the globe. Add in the complex, fast paced and highly stressful role of IT and you’ve got quite the conundrum. So, what’s the secret? How can you keep your talented employees on for the long haul? Here are 7 tips to point you in the right direction.
Keep them challenged. The last thing you want is for your IT personnel to become bored and stagnant in their current positions. Avoid this by investing in ongoing training, setting up mentoring programs, and offering opportunities to learn about and master new strategies and technologies. The more you keep your IT employees engaged and involved, the less likely they’ll be to look elsewhere.
Rotate project time. Being stuck on the same project day in and day out can lead to fatigue and frustration. Consider rotating employees onto various IT projects so that they don’t feel stuck. This will provide exposure to and the opportunity to learn about new skills and also open up the door to be able to approach long-term projects from differing perspectives – both of which can benefit your organization.
Give them the tools they need. These days, keeping up with the onslaught of incoming requests is nothing short of exhausting. Don’t leave your IT personnel out to dry by making them handle this monumental task manually. Arm them with the technology they need to do their jobs better, faster, more efficiently and more effectively, such as IT automation.
Provide a safe place to vent. Without question, the job of keeping an entire organization safe from the potentially devastating financial and reputational damage a successful breach can have is incredibly stressful. Additionally, IT personal often feel tense due to the amount of classified and confidential information they are entrusted with. Provide an opportunity and a secure avenue for these employees to vent their feelings.
Encourage time off. Everybody needs a little down time, but given the fast-paced and highly stressful field of IT, these employees could probably use some time off more than anyone else in your organization. This is where technology can help. By automating a good portion of tasks and leveraging the cloud to embrace more flexibility, your team can take the much needed time off they deserve without the company feeling any negative impact.
Use realistic metrics to measure success. One of the biggest reasons IT professionals find themselves dissatisfied at work is because they feel they aren’t being adequately recognized. This is often due to a lack of clear and specific metrics for success. Management should set realistic expectations, communicate openly and routinely measure progress. Good work should be rewarded and areas of improvement identified and addressed in a positive, productive way.
Empower them. If your employees feel that their only option is to come in every day and put in 10-12 hours of labor, they’re not going to develop any kind of connection or loyalty to your organization. On the other hand, if they know that the work they do plays a direct role in the “big picture” and that their achievements are tied into the company’s overall success, they’ll be much more plugged in, which means they’re more likely to stay on for the long haul. Empower them by inviting ideas and encouraging autonomy.
Are you doing enough to keep your IT personnel satisfied, engaged and plugged in? If not, you could be facing higher turnover, which can negatively impact your company’s bottom line and also leave you more vulnerable. By implementing the above tips, you’ll create a more positive work environment that fosters longevity. Happy employees will work harder to ensure that your organization remains strong, secure and successful.
Last year, the folks over at Service Desk Institute (SDI) published an in-depth report projecting the future of IT support entitled “Analyst 2.0.” The report spans a number of areas, including the way IT service desk analyst skills and staffing are evolving as well as the growth and impact of automation and self-service technologies. If […]
Today’s savvy business leaders recognize the need to adapt to changing technology or risk being left behind. And while we may not be able to control what that technology will be or which direction it will take us, we can take advantage by responding quickly and making the necessary adaptations before our competitors. That’s why […]
Just as robots have been performing routine, repetitive tasks on the floors of factories for decades, that same concept is now being applied to the financial industry with tremendous results. Intelligent process automation (IPA), powered by AI and machine learning technologies, promises to revolutionize how financial organizations operate, maximizing efficiency, cutting costs and ensuring optimal […]
Today’s forward-thinking organizations are leveraging the power of artificial intelligence to automate the decision making process. In fact, corporate investment in AI is predicted to reach $100 billion by the year 2025. As a result of this rapid digital transformation, many changes are underway in the workplace. In particular, there are a number of ways […]
With laws and regulatory requirements evolving on a continuous basis and the stakes incredibly high in most industries, compliance professionals face the challenge of eliminating whatever might be standing in the way of conformity. Despite the fact that many organizations have already invested significantly in maintaining compliance, their efforts are often undermined by something as […]
Ayehu, provider of the leading AI-powered IT and Security Automation and Orchestration platform, today announced that its latest platform release was named the winner of a bronze Stevie® Award for Best New Product of the Year in the software, artificial intelligence/machine learning category in The 15th Annual International Business Awards®. Ayehu’s next generation IT Automation […]
According to a recent report from Forrester Research, organizations that embrace automation won’t just succeed. They will absolutely dominate their respective industries. Once a relatively futuristic concept, these days just about every business benefits from automation in some way. Ever set or receive an out-of-office reply? That’s automation – albeit in its simplest form. Many […]
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