Leveraging Weaknesses to Create Strength
Spokesperson: Rafael Funes, Founder and CEO of LOVIS
The invention of the printing press marked a before and after in history. Faced with a shortage of copyists and inefficient techniques such as woodcuts that require extensive preparation time and rapid deterioration, the German Gutenberg devised movable type, letters carved in metal that could be combined to form words and reproduce text pages at an unprecedented pace and scale.
As Mark Twain said, “history doesn’t repeat, but it rhymes,” and this is the case for most major technological advancements. Similar to Gutenberg’s choice of metal as a more durable material and characters instead of words, advancements today capitalise on weaknesses to create more efficient processes.
Like the printing press, companies establish new business models to manage activities more efficiently with the goal of increasing productivity and business profits. Visual representations such as organizational charts that help divide tasks, or the inclusion of normalisation parameters that allow a clear classification of the company’s main documents, are some elements that have adapted their format to the needs of the industry and technology.
By 2023, 78% of companies had transitioned almost their entire business to the digital environment, according to the 2023 Cloud Business Survey conducted by PWC. This is a clear example of how digitisation is progressing in favor of replacing many functions that were previously performed by people. However, this new technology also reveals disadvantages that, if carefully observed, can turn into significant opportunities.
Programming has not been immune to this reinvention. Until now, most enterprise resource planning (ERP) systems are software that automates administration and decision-making processes through code. A system that comes with a significant drawback: the need to write lines and lines of code, with lengthy implementation processes, to update a simple parameter. Under this paradigm, hand in hand with technological innovation, the idea of EOS emerged – a no-code system that integrates the entire business process from start to finish on a single platform. Customisation, immediacy, centralisation, and security, among others, are requirements that Industry 4.0 companies demand to competently respond to market needs.
In a society where data is the greatest treasure, the interpretation and analysis of this data are key to defining business strategy and making decisions based on progress. This task involves renewing parameters and restructuring the organisation to move towards a common goal. In this sense, it is essential to leverage weaknesses and create new strengths, advocating for simplicity and coordination between operational and accounting transactions to revolutionize the industrial process, with technology as the main ally of progress.
LOVIS
