Nine ways business leaders can keep up with industry-wide technology changes

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No matter what industry your business is in, keeping up with changing technology is essential to staying competitive. Leaders know how important it is to maintain knowledge bases, but with all the work involved in running and maintaining a business, it can be difficult to keep up to date with new innovations on a timeline. charge.

Technology can change in the blink of an eye, so a leader should adopt a process to ensure that their own knowledge and that of their employees stays as up-to-date as possible. Below is a panel of Newsweek Expert Forum the members each offer a recommendation to business leaders wishing to keep abreast of the latest technological trends.

1. Involve experts in decision-making

Technology is no longer an IT or IS function on its own. It’s organization-wide, so bring the right decision-makers to the table with a clear understanding of the problem and your business goals for solving it. Avoid jumping headfirst into a technological solution. Be patient and stay grounded in operational realities to limit unnecessary spending, maximize return on investment, and ultimately drive change. – Alistair Fulton, Semtech

2. Hire the right IT talent

If you can, hire the right IT people. They make a huge difference in your business when it comes to using the best technology for the most appropriate purpose, streamlining processes, and improving your business efficiency and profitability. Ignoring technological developments puts you at a competitive disadvantage. At the same time, jumping into new technology too quickly can have the same effect. – Paul Miller, Miller & Company LLP

3. Perform an annual review of your technology

In every area of ​​your business, it’s wise to have an annual review of your current technology stack and compare it to other options. Things change so quickly in technology that your business may fall behind simply because you assume that your suppliers will keep up. It’s a blind spot that you need to fix. – Scott Baradell, grove of ideas

4. Collaborate with knowledgeable staff members

Spend the time and energy collaborating with the most experienced engineers and subject matter experts (SMEs) in your organization. Be aware of customer issues, concerns, and questions, no matter how small. Creating innovative solutions is not just about reacting to change, but also anticipating it. It requires an ongoing conversation and relationship with your employees, leaders, and customers. – Umang Modi, TIAG, Inc.

5. Read trusted industry publications

One of the easiest ways to keep up with developments in technology is to subscribe to and read reliable technology publications. Two of my favorites are Wired and TechCrunch. Find the resources that best showcase the industry trends you’re looking to follow, and spend an hour every day reading about the advancements that matter most to you! – Brooke Sellas, B Squared Media, LLC

6. Sign up for curated newsletters

I’m a big proponent of finding specific newsletters on the subject and signing up for them. Then all the hard work is done for you with the latest tips curated and delivered straight to your inbox. Another good idea is to ask your peers what they subscribe to. They will be happy to share! – Chris Tompkins, The green light! Agency

7. Join online discussions and webinars

Besides the usual networking and news feeds, I like to listen to online discussions and webinars to stay up to date with industry changes. These talks are usually real time in terms of what is changing in the industry. It’s simple and easy to register and attend, as many professionals and organizations will announce their conferences in a LinkedIn message, usually within a week or less of the event. – Margie Kiesel, Avaneer Health

8. Attend Trade Shows

I keep up to date with new ideas in technology by attending many trade shows. For over 35 years, this is where I’ve learned to implement new things to make my business run smoother and more efficiently. – Tammy Son, Nursery

9. Hold monthly meetings to review industry changes

Meet with your IT or CTO team monthly and ask them about the most relevant technology changes you should be aware of. This will ensure that you don’t have to catch up and your co-workers don’t start to lose their trust and respect for you by not staying up to date. – Marc Goulston, Mark Goulston, MD, Inc.

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