When leaders don’t adapt their business to the changing technologies, they put themselves at a considerable risk of failure. Technology continues to create faster, simpler, and more efficient processes that quickly become the “new norm” — giving businesses the option to either keep up or risk getting left behind.
Nevertheless, many leaders don’t have the bandwidth to monitor which new technologies to implement or which trends to follow. There’s so much noise about technology today, and it’s difficult to know where to begin. What do these various technology innovations mean for our industry? How might leaders remain current on technology and innovation implications for equipment finance without taking too much of their time?
The Equipment Leasing & Finance Association recognized this need: recently forming a new Technology Innovation Work Group, comprised of industry professionals with various backgrounds in technologies relating to Equipment Finance. As the Chair of this group, I am pleased to be featured in the October 2019 issue of Equipment Leasing & Finance magazine, which highlighted what the group is bringing to the industry.
The edition, titled “New & Improved, Innovating the Customer Experience,” features four colleagues and me as we discuss this hot innovation topic. The article also lays out the purpose and goals of the new working group.