A data-driven approach and start-up like agility - A winning combination in a recovering economy !
In light of today ’ s market and competition , businesses need to reassess , adapt and reset everything .
Rather than falling back into old habits , this is an opportunity to effectively “ start over ”.
As we emerge from the pandemic , adapting a start-up mentality can be crucial for business survival . The start-up mentality allows you to move away from legacy practices and reassess outdated technology to minimise costs and increase ROI , giving your business a competitive advantage in a recovering market .
How is your business adapting to survive ?
Technology - The business enabler
Technology that helps your business pivot quickly is a great business enabler both in terms of improving your team ’ s competency as well as your bottom line .
For businesses with fleets , introducing modern in-vehicle technology can reduce administrative costs and increase data accuracy . Modern technology choices such as in-vehicle telematics offer reliability – with real data rather than anecdotal information or paper-based processes . It operates 24 / 7 – without sick days and paid holidays and provides you with better information to base your strategic decisions . As a result , your staff can focus more on income generation rather than bureaucracy and reactive operations .
16 ISSUE 25 OCTOBER 2020 / WWW . AFMA . ORG . AU