The internet, cloud technology, mobility, artificial intelligence (AI)... These aren't just trends, but new directions. Imagine where your company would be if you hadn't embraced the ubiquity of the internet, or if you didn't have 24/7 mobile access to your email and business applications.Source: Salesforc
The failure rate for businesses has dropped by more than 30% since 1977, according to a report from Case Western. That's good news, but more than 50% of all new businesses still fail within their first year, and by 10 years, more than 96% will have failed.Source: USA Today
The startup is an expense management platform where the businesses can control their employees' spending, track their costs, hand out rewards and othersSource: HOB
It is noted that business intelligence and big data can only be used for enterprise companies. But now even small businesses can easily afford to track into the information wealth. It is not easy for small businesses to become data-driven as they also deal with the records which are complex and it is really difficult to process and interpret into insights which your business can actually use.Source: HOB
They want to make most of every dollar they spend. Data analysis that helps those small business owners target their customers is an essential element of success and the quality of that analysis could mean the difference between a profit and a loss.Source: HOB
There are several small businesses and many new startups which are getting challenged for grabbing the stakeholders attention. Self-funding is cheaper for the business with the huge resources today. The challenge becomes differentiation and scalability.Source: HOB
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