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Small and medium sized businesses (SMB) have been called the engine for our economy given their sheer numbers (more than 98% in Canada). It has also been observed that this constituency will be the leading edge of the economic recovery in large part due to their size and an ability to be more nimble and responsive to opportunities that a larger organization may not be able to react to. This sounds good in theory, but is it reflected in reality?

For the last 16 months, I’ve had the privilege of speaking directly with group of small business owners from varying industries across Canada. However, they should not be seen as representative of the “average” SMB. What potentially makes them unique is their conviction that strategic investments in technology have enabled their business success. As such, their experiences and insights have been enlightening.

The following (in no particular order) are key issues facing this group:

  • Access to credit;
  • Government stimulus programs which incent the wrong behaviours; and
  • Stimulus programs which are more trouble to access than they are worth.

But while they acknowledge the challenging circumstances in which they are currently operating, almost all of them stated that the first 3 months of 2009 were incredibly healthy, in some cases their best ever quarter. It is through that lens that I give you this list of their suggestions (again, in random order) on how SMBs can best weather the current recession:

  • Focus on becoming more efficient across the entire value chain, not simply making short term, knee-jerk cuts and changes;
  • Manage costs and wrap services around your products where possible in order to extend your reach into the customer;
  • Continue making investments in core competencies – now is not the time to let your quality slide; and
  • Innovation = Survival.

So does this reflect what other smaller and mid-sized businesses are experiencing? Please share with us your thoughts, your current situation and most importanly your best practices on how to weather -- and thrive -- in this economic crisis.

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As I go and talk to different SMBs across the country about different technologies, I always get the same question: “What technology is currently available that a lot of SMB companies in industry ‘X’ are using to provide a better customer experience.” Everyone knows that this is a loaded question and there is no silver bullet when it comes to exceeding your customer’s expectations. I try and have SMBs look at it from the end customer’s point of view.

First, what is the experience like when customers first interact with your company? If the process to learn about your company's product or service takes longer than 60 seconds to describe on the phone, SMBs will go to another provider. So ask the question, is my organization’s employees equipped to explain our companies product/service value to a new customer within 60 seconds. From a technology point of view that involves having the appropriate systems in place to support any questions the new customer might ask (i.e. making sure all pertinent data can be accessed by your customer support team). In addition, you need to make sure that your systems are fast enough to access this data very quickly. I have talked with numerous SMBs that have a great product & services information databases established for their employees to access however, the employees don’t use the system because it takes tool long for their system to bring up the needed information.

Second, do your employees have the needed resources to follow up on new customer requests? These resources not only revolved around data associated to customer inquires/needs, it also involves the needed time for your company representatives to follow up with the new customers. I have talked to some customers and they say that for every hour their computer systems are not available, they are losing at least 3 new customer opportunities. As a result, there are more companies making scheduled maintenance updates to the employee’s systems in off-ours. One customer specifically, Midwest Eye Consultants, is implementing new technology that is saving them 10 to 12 worker-hours a month on system maintenance and those extra hours are now being used by company employees to recruit new customers. Click here to see more information about the technology Midwest Eye Consultants have implemented: http://msp.intel.com/midwest-eyes-case-study.pdf

Lastly, does your internal team have the resources available to support existing customers? Most of the time the resources that matter the most for existing customers relate to past product/services they have received from your company. If this information is not readily available when your team is servicing an existing customer, it can mean keeping or losing a loyal customer. In the health care field it is even more critical. Northwest Newborn specialist relies on customer/patient data being available at all times of the day. Carolyn Kraus from Northwest Newborn Specialist says: “Our physicians can be impatient, and with good reason. They’re on 24/7 in a high-stress job where downtime can have serious consequences, and much of their work is done through technology. When a PC goes down, they can’t access patient records, look at an x-ray over the network, or pass on their notes to the next physician on-call. In this field, it’s critical to keep their stress level low and their PCs up and running.” Click here to find out more information  about the new technology Northwest Newborn Specialist is using: http://msp.intel.com/NW%20Newborn%20Specialists_final_318134-001US.pdf

In closing, when you think about what technology you need to provide a better customer experience, think about what you have implemented in your environment today. Do you have quick and efficient systems set up that enable your team to deal with first time customers and all the questions they may have about your company’s products & services? In addition, do your teams have up to date systems available any time during the work day to deal with follow up activities related to new customers? Also, do you have the right system managed infrastructure in place so that your desktops and notebooks will be available to support all existing customer requests during all hours of the work day? The answers to these three basic questions provide the best direction for your company to explore in order to provide a better overall customer experience.

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Just a quick note that we'll be covering the Intel technology roadmap at several upcoming IPIP events over the next two weeks.

 

Jesse Treger (my boss, and a walking encyclopedia of Intel technology) will be presenting at Tysons corner Oct 28 and Minneapolis Oct 30

 

 

I'll be presenting in Dallas Nov 6.

 

 

The presentation covers a wide variety of topics including process technology, architecture, servers, clients, VPro, virtualization, power management, Atom and even cloud computing. The theme of the presentation is to show the real value of technology in terms of benefits to IT, even when we get into the arcane details of the 45 nanometer manufacturing process.

 

 

Hope to see you there!

 

 

Rick

 

 

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I'm going to be speaking this Thursday at the Intel Jones Farm site in Hillsboro on the technology roadmap. Here's some of the topics we're going to cover:

 

  • Intel processing and manufacturing technology

  • CPU architecture

  • The real value that the first two items bring to IT managers and end users

  • Server roadmap

  • Client roadmap

  • New trends that will be impacting IT over the next 5 years

 

You can find the details on the right hand margin of the web page where you found this blog, or search on "IPIP". If you aren't in Portland you'll see there are another set of events across the country over the next few months. I hope to see you at one!

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