What Does The Future Have In Store For St. Louis Mortgage Company Tech?
Technology is always on the move. If you don’t pay attention, it can quickly get away from you.
The question is – are you relying on outdated technology at your mortgage company? How long has it been since you updated your IT, and took advantage of new advances in business technology?
Don’t miss out on what the latest developments in IT have to offer your mortgage company.
Mortgage Industry Tech Trends To Follow In 2020
In order to bring your business forward with technology, you need to set a few key priorities for the way your IT company in St Louis develops your infrastructure and processes:
Make Your Staff Mobility
Implement Mobile Device Management and Bring Your Own Device policies that allow employees to use their own devices in combination with the business’ – be sure to equally prioritize the convenience of access with security.
And don’t limit yourself to desktops, laptops, and phones – there’s more out there for you to take advantage of. Have you considered what the Internet of Things and wearable devices can do for workplace efficiency? Now’s the time to get on board – up to 20.4 billion IoT devices will be online by 2020.
Move To The Cloud
Increase collaboration and simplify management by hosting your data and applications through the cloud – again, prioritizing security in line with the access given to staff members. It shouldn’t have to be said at this point, but just in case you’re still in the past – get rid of your on-site hardware.
Before the cloud, onsite servers were a must for any business that wanted to succeed, but no longer. Today, you don’t need to purchase, install, and maintain onsite servers- with the cloud, you outsource it all to a data center instead.
By choosing a cloud solution instead of conventional infrastructure, you will enjoy all the benefits of an up to date and optimized IT infrastructure, without having to pay more than your monthly service fee.
This is so basic in today’s modern business world that to continue purchasing and maintaining costly onsite hardware is essentially fiscal negligence.
Make Use Of Your Data
With the right information, each choice you make can have attainable and expected positive results for your business; without that information, you may as well be gambling with the future of your company.
Business intelligence is the collection and analysis of data collected such as department productivity, overall growth, sales trends, and customer behavior. Applications of this data can range from something as simple as Spreadsheets for the organization, and storage of data to Online Analytical Processing or Reporting and Querying software. Each has a specific use and offers various benefits to your small business.
Reporting and querying software extracts, sorts, summarizes, and presents selected data. This data could range from sale reports of specific items to a measurement of the efficiency of marketing plans.
Enhance Your Cybersecurity
Some of the latest types of cybersecurity software (firewalls, antivirus, antimalware) use artificial intelligence to better predict, identify, and eliminate harmful malware.
Security based on advanced algorithms that can adapt and learn creates a system that can become familiar with the normal patterns associated with each user and device, detecting anomalies in those patterns quickly
Essentially, something known as a neural net can be used in cybersecurity efforts. Based on a robust algorithm, the neural net can “learn” to spot patterns of data associated with previously identified and classified spear-phishing emails.
By incorporating this technology into an email client’s spam filter, the filter will be able to spot fraudulent incoming emails and eliminate them before they reach the recipient.
There are a variety of reasons why you may decide to hold off on making a major upgrade to your technology, such as the cost and hassle. However, avoiding the issue for too long will do more harm than good, and will affect your productivity, security, and ability to get work done.