In Focus: Profitable advice business  

How using cloud technology can save you money

  • Learn about cloud technology
  • Understand how the cloud can help advice businesses save money
  • Understand how to guard against cyber-attacks
CPD
Approx.30min

The automation of processes allows your most valuable resource – your employees – to dedicate more time to improving customer service and other long-term business objectives.

Furthermore, it can alleviate the skills deficit and businesses that embrace it will be better placed to compete.

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Looking forward

The recovery from the Covid pandemic and Brexit have placed new pressure on businesses in various sectors. This has been compounded by soaring inflation and the potential for the economy to fall into a recession, making it essential for businesses to think strategically using technology to keep a competitive edge.

Consequently, businesses that do not have a technology advocate within their teams will find it difficult to manage costs and compete using technology.  

Financial advisers are often content relying on more traditional methods of working, which have the potential to become outdated as operating models evolve.

Practitioners should follow the trend of automation as a tool to reduce costs and improve efficiency, as advice businesses that are reluctant to do so face the risk of being left behind their competitors.

Tarek Meliti is chief executive of TDM Group

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. What are the disadvantages of IaaS, according to the author?

  2. On-premise physical hardware is costly and should be the last resort. True or false?

  3. What does the author highlight as a vital layer in the fight against cybercrime?

  4. Online training courses are a good way to improve your employee’s cybersecurity skills. True or false?

  5. Customer relationship management applications capture vital information that can be used to improve engagement with clients. True or false?

  6. What should businesses do annually to prepare against cyber attacks?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Learn about cloud technology
  • Understand how the cloud can help advice businesses save money
  • Understand how to guard against cyber-attacks

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