How to build a technology company that lasts Businessman

At the arrival of the Covid-19 pandemic, many companies around the world have been shaken to the core due to the unprecedented disturbance represented by their existing business models. However, there was a silver lining in the form of many innovative ways to adapt to survival and continuation, from carrying out work from domestic strategies to organizing social distance so that the public can be securely provided.

Many of these aspects of post-coving business models relied on technology, and many of them still indicate how many useful solutions have actually been developed in the face of intensive pressures from the Black Swan global event. However, I would say that being technologically forward is a virtue that societies should try, not only in response to crisis situations.

In fact, my company, Kowloon Motor Bus Company, is an example of a company that has been more than 100 years old and has lasted several challenges in the past, from Japanese occupation during World War II to the Asian financial crisis of 1997.

This feature will be even more valuable because we now live in AI, climate change and geopolitical uncertainty, where there is a huge demand for quick adaptation and change to follow consumers with advanced technology. The McKinsey report analyzed the positive effects of the technological transformation of business business at the age of 20 and called it a “opportunity for a trillion dollars”, especially in the automotive and manufacturing industries. It was found that although only 20% of technological transformations have succeeded, successful, which captured a more comprehensive approach to their transformation, brought 50% more in their earnings.

This shows that building a technologically forward company requires skills and a futuristic vision to receive the time test. I believe that technological solutions should be the core of the company at digital age and that it should be registered in production itself, that the company is treated as a short -term solution to the problem. To create technologically avvvvy a company that is being built for a long time, here are three things you need to know:

Related: 3 reasons to add technology to your non -technical business

1. Investing in technical talent is essential

Adoption of technology, especially IFE made across the company within the company, should be a step that encapsulates each core and auxiliary part of the company. To achieve this, companies must invest in internal talents who are specialists in technological transformation aspects where it hires software engineers or cyber security experts. To have all technological talents internally, rather that they are suppliers that are entered means that there is a meaningful change with a company with less risk or incorrect leveling of values.

However, this also requires a delicate strategy, because technological talents have unique needs – especially because the talent fund is also small for more specialized roles where individuals will have Hagher Negher negotiating powers because they will apply. This is when, according to McNinsey analysis, a delicate HR strategy is required to ensure a trouble -free hiring and maintaining technological talent. The report further states that the technical talent “should be the highest priority of the CEO”.

2. Celebrate technological achievements across the company

Successful implementation of new technologies will show positive results that should be shared with the rest of the company and celebrated across the album, not just among those in the technical team. Creating a positive culture around new technologies and creative ways of thinking will encourage more people in society to accept new ways of work, intelligence that they have anxiety around any proposed changes.

Do not forget that the technology company is primarily about cooperation and more efficient in business, the Instate of Futuristic Vision remains only within the top management. By sharing good news of successful projects that we supported with new technologies, it is possible to cultivate a greater sense of belonging to the company, which will also ensure its longevity.

Related: You need to accept a digital transformation to stay before the competition – here’s how to connect it smoothly to your organization

3. Upskilling Legacy Talent is key

Older talents should never be behind, especially in the technology society. That is why training and increasing should be an exercise with a high priority for managers and employees, especially where opportunities to learn about capturing or new technologies can be provided. Traind Legacy employee will have confidence and belief in the direction that their company is heading, which further increases the level of maintaining the workforce.

Enterprise leaders should also implement more adapted learning solutions, which ensures that managers and employees are categories to agree on their work plans, time restrictions, expertise and specific learning preferences. This is where the AI-na platforms can be at hand, where team members can increase the comfortable and efficient pace using higher teaching paths, such as micro-root modules.

Related: These technical trends will shape how small businesses achieve success – do you accept them?