WHY ORGANIZATIONS SHOULD DRIVE INNOVATION WITH PROFESSIONAL SERVICES
When it comes to running a successful business, we can’t emphasize enough on human resources and their management. Renowned business leaders world-over shared the same opinion.
Steve Jobs believed in a collaborative hiring process while Bill Gates stated, “the key for us, number one, has always been hiring very smart people”.
So, yes, hiring the right people is important. But is that enough? Or is there more to it?
We live in a disruptive world where companies face break-neck competition. The economy is highly volatile. Customers have more trouble choosing whom to give their business or money to, and the Fortune 1000 list had replaced 70% of the companies on it’s list by 2013. The business world is challenged with fast-paced innovation. This includes the onset of new and improved technology such as mobile data, big data, Artificial Intelligence, and more. And the only way to keep abreast of the disruptive economy is to have the right team on your side. But that’s where a lot of organizations go wrong because it’s not just about finding the right employees. It’s about how organizations can efficiently utilize their talent pool. And how do we get there?
Enter Professional Services
According to a report by The Business Research Company, the market for Professional Services is expected to grow by 5.4% from 2016 to 2020, touching a whopping estimate of $5 Trillion. Quite a number of zeros there! And that leaves us to wonder, what exactly does Professional Services refer to & how can an organization drive innovation with it?
Professional Services refer to expert assistance and specialist advice that’s provided to organizations by a vendor or contractor. The IT industry commonly uses Professional Services to handle human resources. This includes well-established accounting systems, reporting tools, on-the-job training, off-site employee management, and other professional service models. Professional Services are particularly useful when dealing with a remote workforce. However, with revolution constantly knocking on our doors, it’s imperative to innovate and upgrade services in order to stay ahead of the game.
The Advantage Of Innovating
In a world rife with technology, organizations are privy to the many changes that occur at breakneck speed. While numerous digital tools such as Artificial Intelligence, Big Data, Social & Mobile Data, and more have entered mainstream operations, it cannot amount to much use unless organizations proactively make use of it. New developments also drive industry trends that impact competition, customers, the workforce, and sets the performance bar higher.
Automation is another excellent way to drive progress and increase productivity. When it comes to proving back-end support, enabling automated services can help cut costs and expedite processes. Organizations can also take a leap forward by adopting virtual offices. With the growth of a geographically diverse workforce, companies can initiate remote systems with the use of cloud technologies.
While updates and new technologies will continue to revamp the corporate sphere, the key lies in efficient resource utilization. Using professional services is a great way to embrace technological updates and enforce a cohesive and culturally rich work environment. 3i Infotech offers world class Professional Services in various industries from retail and banking to the manufacturing and insurance sector. For more, visit us at https://3i-infotech.com