Recent purchases have me wondering if technology is advancing faster than we can keep up with using it effectively and how to get more out of the ever-evolving technology used at home and in businesses.
My wife and I recently purchased a new vehicle, a new refrigerator, and new smart phones for my wife and kids. The vehicle and refrigerator being replaced were at the end of their useful lives. The new vehicle and refrigerator have incorporated newer technology features.
The new vehicle came equipped with a navigation system, entertainment system, keyless entry, and many other “automatic” features to make driving and riding more efficient and enjoyable. Our new refrigerator has water and ice (crushed and cubed) dispensers, alerts if the door is left open, energy saver if you are gone for an extended period, alarm/clock, and other yet to be used buttons (features) -- technology that wasn’t available just a few years ago.
The new phones also have many technology advances. Because of the many new features and functions on their new phones, my wife and kids have had to learn to use them. But there are features and functions that they aren’t making use of, either because they are unaware of the feature or because they don’t know how they work.
Is the rapid pace of technology advancements making it too difficult to keep up with these improvements? Are we making use of all the features? Or is there more to the technology than we can use effectively?
These questions also come up in advisory firms. The many different types of software needed to operate a financial advisory firm efficiently and effectively is becoming more extensive. Making sure that the “right” technology is being added and fully utilized can be challenging. Many of us, me included, do not utilize our software to its fullest capabilities -- not even the most-used apps on our desktops, like Word, Excel, or PowerPoint, .
How can you learn to use your software fully and effectively to make your firm more efficient? How do you keep up with all of the software on the market, its options, features and integrations as well as other technology used in your businesses? What features and functions are you not currently using?
In some instances, you may not need new software. You may just need to spend more time learning the features of the software that you aren’t using effectively. And sometimes, it is time for newer technology.
Here are some ways to get more out of your current business software or upcoming software purchases: