Unveiled: Top Tech Strategies Every SMB Should Invest in for 2024

Discover the cutting-edge tech solutions shaping SMB success in 2024.

1 min read
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Key Takeaways:

  • SMBs should consider bundling CX solutions to streamline customer interactions and reduce costs.
  • Embracing AI technology can enhance virtual events, making them more personal and optimized.
  • Utilizing omnichannel platforms for secure communications can streamline operations and enhance flexibility in hybrid work environments.

In a rapidly evolving digital landscape, small and medium-sized businesses (SMBs) face the challenge of navigating technology investments to drive innovation, boost brand awareness, and meet customer expectations. As the new year unfolds, Steve Rafferty, VP International at RingCentral, outlines three key strategies for SMBs to maximize their technology budgets and propel success in 2024.

Bundling CX Solutions: Revolutionizing Customer Experience SMBs often grapple with tight budgets, necessitating strategic investments in customer experience (CX) technology. Bundling CX solutions, particularly AI-first contact center solutions, offers a cost-effective approach to enhancing customer journeys. Research reveals a growing demand for AI-powered CX solutions, with customers seeking reduced hold times and expanded support availability. By leveraging AI-powered insights and real-time workforce engagement data, SMBs can elevate customer service quality and drive operational efficiency.

AI-Powered Events: Transforming Virtual Engagement In the era of virtual connectivity, SMBs must harness the transformative potential of AI to enhance event experiences. AI-first all-in-one solutions enable organizations to host virtual, hybrid, and onsite events seamlessly. Generative AI capabilities facilitate the creation of bite-sized social media content, simplifying pre-event and post-event marketing efforts. By embracing AI technology, SMBs can personalize virtual engagements and optimize audience interactions, driving meaningful connections and brand loyalty.

Omnichannel Platforms: Streamlining Communications Investing in secure communications platforms with omnichannel capabilities is paramount for SMBs operating in a hybrid work environment. Consolidating communications into a unified platform enhances operational efficiency and simplifies vendor management. Centralized access to information enables teams to collaborate effectively, irrespective of geographical boundaries. By adopting omnichannel platforms, SMBs can foster seamless communication and empower remote collaboration, driving productivity and innovation.

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Focus on Core Competencies: Choosing Scalable Solutions Amidst technological advancements, SMBs must prioritize investments that align with their core business offerings. By selecting scalable solutions, SMBs can adapt to evolving market dynamics and future-proof their operations. Strategic technology investments enable SMBs to optimize resources and focus on strategic initiatives that drive long-term growth and sustainability.

As SMBs embark on their digital transformation journey in 2024, strategic investments in technology will play a pivotal role in driving innovation, enhancing customer experiences, and fostering operational excellence.

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