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The last couple of years have been challenging for the construction industry in Australia. Slow growth rates in China have made investors hesitate to commission new projects and expand those that already exist.
Innovation in business refers to changing or creating business processes and making them more effective. Innovation anticipates future business trends, discover potential opportunities for the future, and keep up with shifting technologies and markets.
A research study by Forrester Consulting found that the key reasons for digital transformation are increased speed-to-market, customer satisfaction, and profitability.
Innovation is the successful introduction of new processes and technology, which will allow the industry to respond to challenges and opportunities in the future so that companies in the industry are correctly positioned to grow their businesses.
A systemised approach means that once you’ve worked out the magic formula or “best way of doing things” that works well for your business, you can build a system around that process, so that you can easily and consistently achieve the desired business outcome.
As your business grows, you’ll inevitably find that your current off-the-shelf software just isn’t quite doing the job you need. Read this article know the 6 common issues that businesses face in using off-the-shelf software.
