For businesses, better productivity can produce positive ROI. But, as with anything, oftentimes there are instances where time savings are even more valuable than any cost-to-savings equivalence can measure.
Look at law enforcement as an example. Hundreds of thousands of police officers take to our streets each day to protect and serve. During a regular shift, these officers can spend hours on paperwork – completing incident reports, entering data into Records Management Systems (RMS) and other administrative tasks.
While an important and a necessary part of the job function, the time spent on documentation and other police paperwork can infringe on more valuable duties. Time spent in the community. Time patrolling the streets. Time keeping us all safe.
Financial advisors, too, can also find themselves in similar time-crunch situations. As a result of new governance standards this industry faces pressure to deliver timely, accurate and compliant documentation. And when advisors need to choose between increased documentation demands and other duties, this limits their time to focus on more important tasks. Time with clients. Time providing quality financial advice.
It wasn’t that long ago when a team of engineers gathered together to make the dream of using voice as an interactive productivity tool a reality. This, in fact, spawned the creation of speech recognition software in its iterative form – capable of understanding dictated words and transcribing them into text at 100 words per minute.
Today, a new generation of tools powered by artificial intelligence and machine learning, are helping us all be more productive by voice – from your desktop to your smartphone, to your in-car systems and more.
They all enable us to get more done in our busy day, but even more important, give us back the precious gift of time.