The Importance of Updated Technology In The Work Space




The Kenbak-1 is considered by the Computer History Museum to be the world's first personal computer. It was designed and invented by John Blankenbaker of Kenbak Corporation in 1970, and was first sold in early 1971. The workspace has come a long way since then.


Gone are the days of typewriters and correction fluid. We now live in a world where virtual meetings are the norm, where you can get real-time updates with the simple press of a button, or instantly transcribe conversations with the use of an app. The workspace environment has changed dramatically in 50 short years!


Advances in business technology, as a result of the Fourth Industrial Revolution, have ushered in a more collaborative working environment and presented a myriad of opportunities for business success. With access to an infinite number of hardware and software tools, company owners are investing in business assets that allow them to operate more independently than ever before. Business tech has also transformed the work space by streamlining and simplifying processes. Here are just four of the many reasons technology in the work space should be kept updated:


1. Enhanced customer service and user experience


Investing in updated technology enables your business to provide better and more immediate services and solutions to your customers. Business tech also makes seamless two-way communication possible, be it through video conferencing or instant messaging. We can literally connect with clients, employees, suppliers and other stakeholders anytime, anywhere.


2. Competitive advantage over less tech-savvy organisations


Having access to the latest IT equipment contributes towards improved productivity and output, which ultimately results in higher profit margins. And, if you opt to go the asset leasing route instead of purchasing your business assets, you can put even more cash back in your pocket by spending less on capital overheads.


3. The workspace is no longer a static geographical location


With the advent of cloud-based tools and business technology, professionals can now participate remotely in workplace activities from anywhere in the world using the internet. Having access to these tools in the digital work space allows for a consolidated, cohesive view of multiple projects at any given time. Project management software, for example, enables teams to collaborate more closely while keeping an eye on their progress – and any possible red flags – in real time.


4. More effective Performance Management


Having updated business tech in the work space also improves internal processes like measuring workplace productivity and assessing employee contributions. A variety of performance management tools are available to help employers attain accurate data in this regard. Based on this information, managers and human resources practitioners are better equipped to make fair decisions when it comes to remuneration and bonuses or, in the case of poor performance, corrective action and/or further training and skills development.


5. Having an optimal workspace begins with having the right IT equipment


Technology has important effects on business operations. No matter the size of your enterprise, technology offers both tangible and intangible benefits that will help you make money and produce the results your customers demand. Technological infrastructure affects the culture, efficiency and relationships of a business. It also affects the security of confidential information and trade advantages.


This is why it’s so important to partner with the right service provider when investing in business technology. At InnoVent, we provide cost effective and sustainable asset leasing solutions. We also help companies and institutions finance and purchase the technology they need to run their business efficiently and keep their IT equipment up to date.


Get in touch today to discuss a customised leasing solution.