It has become a buzzword. We hear about IE – its association with big companies – large businesses, with thousands of employees and huge annual profits.
IE has taken over the world. Fortune 500 companies are making use of IE to transform their business models and to introduce true innovation. CEOs are investing in the use of IE, coming up with long-term plans to utilize IE to foster the sustainable growth of their organizations.
But did you know that IE can be effectively used by SMEs? The connection between small and midsize businesses with Intelligent Enterprise is often not emphasized enough.
SMEs have a particular advantage of utilizing IE. How? The business models of small to mid-size businesses are less complex, have fewer decision-makers, and greater data consistency. SMEs can adapt to suggested changes quickly and can pivot their business processes to become innovative and competitive leaders in the market.
Let’s find out how IE functions.
What Is Intelligent Enterprise?
In simple terms, it is a strategic intervention. It transforms data into important insights.
It is a business technology platform that operates through modern cloud-based technologies, including a suite of applications. IE makes use of artificial intelligence, machine learning, internet of things, and data analytics to decipher what higher-value outcomes businesses need to focus on to enhance customer experience and brand value.
Using IE can effectively change the trajectory of your business by helping you explore new possibilities – you can redefine end-to-end customer experiences, improve productivity, and reconfigure workforce engagement.
Cloud-based interventions like Enterprise Resource Planning (ERP) and Chatbots have become indispensable to businesses. They utilize data analytics and big data to provide valuable insights into:
- Crafting growth strategies
- Discovering new business opportunities
- Determining effective employee recruitment
- Talent retention strategies
These softwares are providing data-driven analytics at affordable rates and are easy-to-use for SMEs.
Why Do You Need Intelligent Enterprise?
You are selling a product that is not quite meeting your sales goals resulting in it facing challenges upon its release into a highly competitive market. The customers are experiencing an issue with their usability or quality. The feedback from the end consumer can be fed into IE. Taking into account the trends of the market and the industry, IE will produce an output that will be machine-generated information and will greatly allow you to improve your product in a way that will satisfy the end consumer.
BUT, that’s not all. IE can simultaneously help you figure out strategies that will have a transformative effect on your workforce; thereby, improving your productivity for your business to put out a product that has its niche in the growing competitive markets.
Sure, digitalizing your business is the first step you need to take for your business to enjoy continuous growth. But. You need to move towards integrating IE into your business. The new vision that you need to adapt to should be of an experience-driven intelligent business.
Learn about IE. Find out why and how it can be beneficial for YOU. Be prepared to adapt. Contact Consultare today.