Updated: Jun 16
What a Dublin Tech Summit we had this year! It was a remarkable convergence of growth, innovation, and the collective passion of technology enthusiasts, visionaries, and experts.
As the JEVERA team immersed in this stimulating environment, it garnered numerous invaluable insights that we are eager to share with you. Here are some of the key takeaways that left an indelible mark on us:
Embrace the importance of a backup plan
Discover the accessibility of cutting-edge technologies
Explore new frontiers and expand your business horizons
Prioritize sustainability in all aspects of your business
Uncover the achievements and cautions in the democratization of AI
Embrace a growth mindset as a revolutionary approach to business
Continue reading to select the lessons that resonate with you, and incorporate the wealth of experience from business giants into your own company's practices.
Backup plan is a must
We find ourselves in an era of unpredictability, as evidenced by the pandemic and wars around the world. In such uncertain times, anticipating forthcoming events and preparing accordingly is crucial for successful business operations. Your primary focus should be creating a comprehensive and adaptable action plan encompassing various potential challenges. Utilize all available resources to create a robust business development strategy that effectively showcases your strengths while addressing your weaknesses.
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Technologies are accessible
Regardless of your business's type or scale, technology is a reliable resource for finding solutions. Small and medium-sized businesses (SMBs) can leverage various tools to facilitate digital transformation without requiring substantial investments. Whether opting for Software as a Service (SaaS) solutions or custom software development, options are available.
By selecting best-of-breed SaaS solutions that adhere to privacy standards and address cybersecurity concerns, SMBs can effectively overcome obstacles. Additionally, partnering with service providers who offer custom solution development or business services that enable global operations can give you a competitive edge without requiring significant financial commitments.
Have a project in mind? Contact us and explore how to get a cutting-edge solution at a fraction of the cost with the JEVERA dedicated team.
Business horizons expanded
Businesses are willing to explore new and sometimes unexpected niches to expand commercial opportunities and enhance value to broader audiences. One example is the well-known software vendor SAP, which captivated attendees at the Dublin Tech Summit with its innovative ventures.
Just imagine ERP for tech companies that scale fast just this very moment. This diversification opens up new avenues for fast-growing disruptors and solution providers boasting robust manufacturing portfolios. The potential for growth and opportunities is immense, so you should follow impressive examples and use them.
Sustainable business comes first
Visionary entrepreneurs constantly seek opportunities to establish sustainable businesses in a commercially valuable way. However, achieving 100% sustainability poses a challenging task, as it entails a comprehensive approach that affects operations, partnerships, products, and services. Striving to optimize sustainability from a financial standpoint reflects a high level of maturity within enterprises.
In today's landscape, leaders recognize the importance of not solely focusing on the business object. Regarding sustainability, they ask critical questions, "How?" and "What for?" and diligently seek practical answers. This proactive approach drives them to explore innovative solutions and implement strategies that align with their sustainability objectives.
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Democratization of AI: results and warnings
Chat GPT 4 stands at the forefront of a technological revolution, much like PCs and smartphones did in their time. Today, the true marvel lies in the remarkable synergy between humans and technology, causing a significant buzz. To illustrate its impact, consider that even Oxford University employs this tool to craft exam questions. Many companies increasingly opt to replace human resources with Chat GPT to reduce costs and drive results.
However, it is essential to acknowledge that the democratization of AI also introduces trust-related challenges. Blindly relying on AI without considering its limitations can potentially harm businesses. AI cannot guarantee 100% data accuracy and relevance, thus requiring caution. To witness this, ask Chat GPT for up-to-date statistics on any given topic and check the results provided - it helps to reveal the areas of improvement. This same applies to other AI-powered tools and modules offered by companies like Notion and Adobe.
AI in our hands is undoubtedly a revolution, yet it is still gaining momentum and warrants careful attention.
A growth mindset is a full-fledged tool
The human touch and a growth mindset have become paramount for successful business development. The Dublin Tech Summit dedicated several panels to explore this topic, shedding light on the significance of a growth mindset for startups and fast-growing companies. As William Arthur Ward famously said, "If you can imagine it, you can achieve it." Giving due attention to the growth mindset implies that business leaders recognize these principles as super-important and openly discuss them as a full-fledged tool that can be even more impactful than the technology itself.
“I think the discussion of a growth mindset is a breakthrough. The way we think affects the way we do more than anything else.”
CSMO @ JEVERA Software
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The Dublin Tech Summit was an incredible experience for the JEVERA team, filled with inspiration and valuable insights. We hope the key takeaways we've shared resonate with you and guide your business practices. If you want to enhance your digital transformation journey right now - just let us know. Get a free consultation on where to start to achieve excellent business results.