Quick Response codes - commonly known as QR codes - were created over 25 years ago to solve a manufacturing problem. A Japanese Toyota subsidiary was struggling to track parts in its manufacturing facility, creating the need for a kind of barcode that could store more information. QR codes took the basic idea of the barcode, but expanded the data capacity a hundred times over, without taking up.
Just as mobile technology and data science made fundamental changes in business, machine learning and artificial intelligence will redefine how daily work is done. Expanding automation will allow businesses to be more efficient, creative and – ultimately – effective.
Your company is taking off and you’ve suddenly moved from plucky startup to established business. Everything is going well, but you’re having trouble maintaining a regular cash flow because your accounts receivable operation is slow and inefficient.