Spokesperson: Rafael Funes, Founder and CEO of LOVIS
Undoubtedly, the advent of technology in the work routine has completely changed all established procedures. In less than 20 years, companies have transitioned from having shelves full of folders and files to having all this information located on a cloud server, just a click away. A risky tactic that brings new threats and challenges for employees, who daily have to navigate through a labyrinthine network of routes to locate the corresponding file.
This method of working for companies often does not stand out for its efficiency, as it results in hours of searching, creating new documents, or the need to consult various spreadsheets among which employees get lost, affecting productivity and consequently, the performance and profitability of the company.
According to the II Productivity and Efficiency Barometer conducted by Adecco Outsourcing, the average level of productivity and efficiency for companies in Spain in 2023 is 54.4 points out of 100, 4.38 points lower than in 2022, with Public Administrations (46.44 points) being the sector with the lowest score. An analysis that quantifies the need to seek more efficient and competent methods capable of responding to business objectives through intuitive and simple processes.
Like technological tools, companies must progress towards usefulness and simplification, initiating a new path towards a new business stage marked by usability and personalization, burying procedures based on (Excel)lence. An evolution that restructures business models to provide an optimal response to the requirements of Industry 4.0; an ecosystem of advanced, automated, and interconnected production that represents the hybridization between the physical and digital worlds.
Undoubtedly, the technological revolution has meant a reconditioning for all companies, regardless of their business activity. A clear example is the automation of warehouses following the rise of e-commerce. Now companies have the possibility to speed up orders and reduce the margin of error through the use of new technologies such as automated picking systems, robots, and autonomous vehicles to streamline storage and distribution operations. With a simple button and in a few minutes, a retail company, for example, can manage an order through its website with better precision and efficiency, ultimately resulting in better customer service.
An advance that, along with other tools such as the Internet of Things (IoT), providing utilities like real-time information on the state of financial accounts, or new software like EOS, a zero-code system that integrates business processes from start to finish without models or connections, with security profiles and roles that allow collaborative workflow, provides a new paradigm for business operations.
The technological factor directly influences economic growth. In fact, technological advances, the adaptation of workers’ knowledge to new tools, and their inclusion in decision-making and resource management to improve the company’s profitability lead to increased productivity and, therefore, economic growth.
We are immersed in a new industrial revolution where it is essential to adopt new business models. A restructuring that involves the need to invest in staff training to improve labor productivity, as well as in each and every process involved in business activity. Moving away from (excel)lent structures and labyrinthine routes to embrace a new business pattern, intuitive and simple, that meets the needs of companies in this fourth industrial revolution.
LOVIS
