When mergers go well, they can enable a company to enlarge its market share, achieve economies of scale, reduce its financial risk, and diversify its product and service offerings. Author and motivational speaker, Simon Sinek, famously compared mergers to marriages. Like any marriage, there are ups and downs and sometimes, things go wrong and there are a number of reasons why this might be the…
Less apps, more appiness.
We all essentially spend our lives bombarded by the promise of new, better technologies, but these can be inherently difficult to learn and keep up with.
Keeping up in the age of uberfication of law and finance is hard.
I think most of us would agree that the sheer volume of new apps and tech hitting the market at any given time can seem overwhelming. According to recent data from Statista, a staggering average of 1,434 mobile apps are released through the Apple App Store every day.
We all essentially spend our lives bombarded by the promise of new, better technologies, but these can be inherently difficult to learn and keep up with. It’s even something that we struggle with at thedocyard—and we are a tech company!
This is perhaps even more pronounced in the rapidly-evolving industries of fintech and legaltech, where complex new software is being rolled out at increasingly high rates. Understanding what these technologies are and how they can help your business is invaluable, but also far from easy.
Luckily, we can relate! So here are 5 tips that will help you stay on top of the tech that is beneficial for you.
1. Follow the news
The good news is that when it comes to technology—you’re not alone. There are a wealth of great publications and online platforms to help you navigate the flood of new technology; so making the most of these is key.
Subscribing to a strategic combination of general tech news (such as Engadget), industry-specific publications (such as Fintech Business or the ALTA Blog) and research reports (such as Deloitte Tech Trends) will ensure that you are updated of any relevant new developments.
Meanwhile, keeping up to date with a selection of legal and fintech blogs can also provide valuable third-party experience and insight. You can subscribe to this blog by entering your email in the box on the right!
2. Use social media
Twitter is a great way to consume targeted tech news in small doses, whilst LinkedIn provides insight into what particular social networks are currently most interested in. Keeping up to date with these social media services can often provide useful insights ahead of other traditional sources.
Today, the fastest news doesn’t always come via traditional means. Social media is an incredibly powerful tool to discover relevant content in a visible and easily-digestible manner, particularly when it comes to new technology.
Further, news aggregator apps such as Flipboard allow social media feeds to be integrated with other news sources to improve readability and relevance. This allows you to curate targeted tech news updates which have a mix of both immediately relevant content and detailed new technological information. This integration of social media with news will give you a comprehensive range of material to draw on, and keep things constantly fresh.
3. Attend industry events
Sometimes, there’s no substitute for getting out into the world and seeing things for yourself. That’s why industry-based innovation events are a great way to immerse yourself in a range of new technologies over a short period of time.
Organisations like Fintech Australia and the Centre For Legal Innovation are at the forefront of their industries and regularly host tech-based events. Here at thedocyard we’ll be attending ALTACON on the 31st of May in Melbourne, one of Australia’s most exciting tech conferences. These are invaluable opportunities to gain cutting-edge knowledge, as well as network with like-minded individuals who can be an amazing source of new insight and information.
4. Get your hands dirty
Often to really understand something, you have to experience it for yourself. That’s why taking the time to try and test new technology is so immensely valuable. Not only does this allow you to understand how new technology can help tangibly improve your business, it can also assist with choosing the right technology for the job.
Many cutting-edge tech services conveniently offer free trials of new software and these can be an incredibly useful, hands-on way to keep up to date. Here at thedocyard we are currently offering a free 30-day trial ourselves, so why not give it a try!
5. Divide & conquer
As we’ve already established, keeping up to date with modern technology isn’t an easy task for any of us—which is why we should never go it alone. All of the tips above are certainly useful on a personal level, but they can also apply just as effectively in a team environment.
By allocating particular members of your team responsibility for key areas of innovation, you can achieve a far more comprehensive understanding of the overall market. In this manner, these tips will foster a work environment where the modern-day flood of new technologies is not a difficulty, but an opportunity.
Thank you for reading! Remember to subscribe to our blog on your right to keep up to date with weekly tips on getting the absolute most out your tech. We regularly post relevant content that will help you effectively navigate the rapidly moving fintech and legaltech markets—so make sure you’re not missing out!
Also, don’t forget to try thedocyard’s free 30-day trial, and experience first-hand the power of cutting edge new software. Our end-to-end deal management platform will provide you with a better understanding of just how powerful choosing the right technology can be—especially for those who are up to speed.