MENTHER BUSINESS
The endless benefits of technological advancements
I
The goal is to turn data into inforamtion and information to insight - Carly Fiorina, former CEO of HP
magine if you were told that you could no longer use your muchloved washing machine to do your weekly laundry. How would that make you feel? Not only would this prospect require notable time commitment, but the effort also required would be substantial. By the time you recover from the hard labour, your weekend would be gone, leaving you feeling that there should certainly be better ways to spend your muchdeserved weekend. Washing machines are a great example of how technology continues to simplify our modern lives, thereby allowing us to be more efficient with our time and efforts. Relating this to business, such characteristics
are essential. When it comes to business, time is indeed money. Every second you
spend nursing an inefficient process equates to Rands lost in revenue. It is, therefore, paramount to invest in efficient processes and technology is one of the best tools to do this. Similar to how a washing machine allows one to complete a daunting task with just a click of a button, in the financial markets industry, the automation of otherwise time intensive activities has brought about notable efficiencies to the way business is done. Tasks that would normally demand substantial time commitment each day and effort can now be programmatically scheduled to independently run at a given
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