4 Benefits of Mobile Technology for Businesses

People are more attached to their mobile phones than anything else. They are no longer mere communication devices, business transactions are now initiated and completed over mobile phones. Many people now consider their phones their offices. Statistics show that nine out of ten people panic when their phone's charge drops to 20% or lower. This post discusses the top four benefits of mobile technology for businesses today.

1. Better Communication

Good communication is an integral part of an organization’s success. Thanks to mobile technology, communication is now ten times better than it was before. Today, business apps enable businesses to operate professionally and in a more organized manner.

Departments can work on projects and track real-time progress using various apps on their mobile devices. Customers can also get more personalized solutions to their problems through interactive mobile platforms. Teams can collaborate better thanks to effective communication aided by various mobile technologies.

2. Remote Working

Statistics show that 71% of employed adults work from home. Mobile technology is at the center of it all. You can work from anywhere and stay updated on all company happenings on your phone. Many people who work from home say they attain maximum productivity due to reduced stress levels. In addition, no time is wasted on long commutes.

Telework has become more popular and may soon become mainstream for industries that don’t require local teams–like banks and other lenders. A few years ago, people had to visit a bank and fill out forms to secure a loan. That has changed.

Every financial transaction can now be completed on the phone. Even applying for a title loan online has become easier thanks to mobile technology. The technologies also make it easy for lenders to track borrowers and for borrowers to pay back loans

3. Enhanced Collaboration

Telecollaboration is a prerequisite for the effective integration of technology into business. Mobile technology allows people to connect from any part of the world and exchange ideas, share documents, and work simultaneously on projects without meeting in person.

They can collaborate on Google Docs or use a shared inbox. The entire team can see the real-time progress of a project and make suggestions and amendments.

4.  Reduced Operational Costs

Every business wants to be more productive with the least possible resources. Mobile technology has helped businesses achieve this more efficiently. Here’s how mobile technology saves businesses time, reduces operational costs, and enhances productivity.

• Mobile apps and other technologies have replaced the manual feeding of data and old paper-based forms.
• Phones now have scanning and better imaging technologies to expedite reviews and document itemizations faster and more efficiently.
• Communication is faster and better. Expensive and static technologies like landline carrier services are being phased out to pave way for mobile technologies.
• Cloud access has simplified the management and sharing of data

Voice-to-text, talk-to-text, and other conference recording tools using mobile technology have brought a lot of convenience to businesses that initially depended on human beings to record minutes manually.