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10 Business Communication Trends You Need to Adopt in 2024

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Hasan Saleem


What are the most essential business communication trends to adopt in 2024?

As you know, efficient business communication is a key factor in team productivity and customer satisfaction.

Statistics show that smooth customer communication is a cornerstone of building a positive customer experience and boosting customer satisfaction. Overall, that can increase brand loyalty and boost sales by 25% to 95%.

Similarly, multiple studies in recent years have shown that team communication is one of the prime areas where friction losses reign supreme. Team members waste significant amounts of time on inefficient internal communication. That’s a painful drain on productive work time.

Plus, considering the massive shifts in business communication that have happened since the pandemic, many businesses are still lagging behind. With the general economic climate and the associated challenges, that is not something you can afford moving forward.

But which ar the most important developments to watch? We’ve got your back. Here are ten trends to adopt going into 2024.

Streamline Internal Communication Channels

To begin with, you need to get your team communication up to scratch. That means reviewing your current set-up, streamlining communication channels, and putting SOPs into place.

In most teams, internal communication is still fractured across multiple channels. Even though many businesses have invested in team collaboration tools since the advent of Covid-driven remote and hybrid work, use of these tools is far from consistent. Many team members still rely on email, as well as different messaging apps, to exchange information.

As a result, many workflows are siloed. Consequently, it’s easy for people who should be involved in projects to get left out of the loop. And for misunderstandings to proliferate. All that leads to frustration and missed deadlines.

Sound familiar?

If so, you need to vet which of your team members are using which channels for what type of communication. Review which of these channels are most efficient – and secure! – and then standardize your team’s SOPs across the board.

Crucially, you need to check that your teams actually adopt the changes you implement. One way to do this is to make communication efficiency a regular agenda point on your team meetings.

Try Asynchronous Video Conferencing

Next up, one of the significant current business communication trends is asynchronous video conferencing.

Since the pandemic, video conferencing has become a fixed part of most of our professional lives. Using tools like Zoom, Google Meet, and Microsoft Teams has become second nature.

However, video calls also swallow up significant amounts of time that could be spent productively. After all, we’ve all sat through Zoom meetings thinking, ‘This could have been an email’.

Even organizing a video call can be challenging, especially if you run an international remote team distributed across multiple time zones.

Asynchronous video conferencing offers a time- and effort-saving alternative.

Tools such as Loom allow users to record a short video, including screen sharing, and to easily send it to team members via a link. The recipient can then watch it at their own convenience and hop to the parts that are most relevant to them. Or even just skim the AI-generated transcript. If they need to revisit parts of what was said, they can.

Going further, they can also leave comments on each video or send a recording of their own in response.

Integrate AI for Internal Communication Efficiency

Surprising absolutely nobody, AI figures prominently in various business communication trends for 2024. Let’s start with how your team can harness it to boost internal communication efficiency.

Many AIs are specialized in natural language processing (NLP). Trained on a vast repository of different text formats and audio clips, they can quickly generate and proofread texts, as well as transcribe and summarize entire conversations.

For internal team communication, this offers considerable time-saving potential. Some workflows you can automate or speed up using NLP AIs are:

  • Generating transcripts of team meetings
  • Creating meeting summaries and action items
  • Generating first drafts of internal email copy
  • Adding automatic proofreading to all internal communication

Implement Chatbots the Right Way

Chatbots are another AI application that has become ubiquitous in recent years. And we’ve all encountered painfully obtuse chatbots that just stoke frustration. However, they have a massive potential for boosting your productivity and conversions.

Chatbots can save your team members the time it would take to answer routine inquiries. That leaves them free to focus on truly tricky customer requests.

For another, statistics actually show that a well-implemented chatbot can increase website conversions 3x.

So, how do you properly harness a chatbot to reap all its benefits without sacrificing the integrity of your customer communication?

First off, you need to be very clear about the chatbot’s target audience and the goals you want it to achieve. Next, you need to carefully select the channels you want to launch your bot and select a corresponding provider of chatbot services.

Then comes the crucial part – training your bot with data from existing customer conversations. The more data you can feed it, the more authentically it can re-create these conversations.

Finally, you need to maintain your chatbot. That means reviewing its protocols and fine-tuning them for maximum customer satisfaction.

Deep-Dive into Analytics and Battle Data Siloing

In the section above, we mentioned that training a chatbot on authentic customer data is key. In fact, communication data is crucial not just for training bots but also for launching analytics protocols that can give you invaluable insights into your customer base.

AI and machine learning (ML) algorithms are amazing at unearthing patterns from terabytes of data. Understanding these patterns can be a fantastic basis for strategy adjustments and new marketing campaigns.

However, the main impediment many businesses face when harnessing AI for analytics is data siloing. Too often, valuable information is fragmented across platforms and systems.

To overcome this challenge and level up your business communication, you need to audit your data storage approaches and workflows. Make sure that there is a centralized, secure, regularly backed-up data storage location—and one central point of access.

Hyper-Personalize With AI

Next, another amazing application field of AI is hyper-personalization.

Any marketing expert will tell you that personalized communications are much more effective for improving customer experience and increasing conversions.

AI can help you take your personalization game to the next level in 2024. As mentioned above, AI and ML can process astronomical amounts of data. More than any human expert ever could.

By harnessing that capacity, you can fine-tune your personalization to resonate with every audience member.

Once you set up and streamline your workflows, emails to customers will not just address them by name or celebrate their birthdays. They’ll also be tailored to individual customers’ specific sub-interests in your products and overall their demographics such as the number of children they have, where they live, and what field they work in.

Change to Cloud Communication

If you haven’t already, 2024 is the year to switch your business communications to the cloud.

Cloud-based communication offers a much more versatile, secure, and flexible alternative to locally-based systems for anything from data storage to telephony.

Cloud contact centers, for example, allow your team members to take customer calls whether at their workplace desktop computer, on their laptop at home, or on their cell during a business trip. No matter which device, they’ll be able to access their work numbers and make sure that every customer demand is met to maximum satisfaction.

Convert to Mobile-First Customer Communication

Regarding cell phones, another essential 2024 business communication trend is mobile-first customer communication.

Statistics show that 58% of internet traffic now comes from mobile devices like smartphones and tablets. That means it’s crucial to tailor all your customer communication channels to be eminently usable on these devices.

Making sure your website is mobile-friendly and adding click-to-call buttons is just the bare minimum. You also need to ensure that options such as live chat, chatbots, and contact forms are displayed on phones and tablets.

The gold-standard is to have mobile- and desktop-specific versions of your site that offer different, tailored communication channels on your Contact Us page.

Invest in Short-Form Video Content

Among the 2024 business communications trends we present here, few are more dominant than the massive drift toward video content. Especially short-form and vertical video.

Not only are social media channels like YouTube Shorts, Instagram Reels, and TikTok still growing rapidly and presenting considerable marketing opportunities.

Statistics also show that most consumers (96%!) prefer to learn about products and services via short video clips, rather than reading stale descriptions.

For your business communications, you need to invest in video content production, both in terms of showcasing your products and promoting them on social media.

Creating clips that highlight how your products and services work and what exactly their advantages are, already goes a long way.

To go further, you can launch this content on your social media channels and integrate it into recent trends and challenges. Attention to trending audio and hashtags can be effective in signal-boosting your videos.

Finally, you can aim to foster short-form video collaborations with influencers in your niche. In terms of marketing trends, influencer partnerships are high on the 2024 list of priorities for most professionals as well.

Make Social and Environmental Issues a Communication Priority

To round out our list of the most essential business communication trends in 2024, there are broader issues that you need to integrate into your communications. In particular, social and environmental issues.

As recent public discourse has highlighted, it is more crucial than ever for businesses to demonstrate awareness of social justice issues, and to foster diversity and inclusivity. Having a DEI&B (Diversity, Equity, Inclusion, and Belong) specialist on your team can go a long way towards helping you optimize copy and vetting public-facing communications.

Plus, showing this awareness can also help you improve communications within your own team. Making sure that all of your team members feel valued and welcome does more than just warding off potential accusations of discrimination. It also creates a much better work climate that allows people to reach their fullest potential in terms of productivity.

Regarding customer-facing communication, paying attention to factors such as ethical backgrounds and gender identities is also a massive plus point.

Similarly, environmental issues are now perceived as critical by many customers. This is hardly surprising with the looming climate crisis and corresponding disasters being broadcast across the news cycle.

Especially for younger target audiences – think Millennials and Gen-Z – it is essential that businesses demonstrate they’re environmentally conscious. In terms of communication, that can be as straightforward as including your carbon-saving measures in blog posts and newsletters and highlighting them on your website.

Conclusion: These Are the Key 2024 Business Communication Trends

With various business communication trends surging and disappearing throughout the last few years, it can be difficult to pinpoint the ones that are here to stay.

The list above is meant to serve as a reference point for deciding which trends are worth adopting to meet your business’s unique needs.

All the trends listed above – from integrating AI into internal communications to prioritizing short-form video content – is set to play a growing role in business communications in 2024. But that doesn’t mean that every business must adopt them all. For instance, if you have a small team all working in the same time zone, asynchronous video conferencing may not be for you.

Your next step should be to carefully vet the above trends and see which ones best apply to your business use case. Based on that, you’ll know which tools to research and which strategies to develop together with your team.

At the end of the day, this will help you level up your business communications in 2024, boost your productivity, and enhance your customers’ experience.

Featured Image Credit: Photo by Fauxels; Pexels; Thank you!

Hasan Saleem

Internet Entrepreneur and Digital Marketing Consultant.

Hasan is a seasoned web professional with an extensive record of successfully directing search and social media marketing operations to drive business development. Special expertise in eCommerce, new business startups, and online marketing.

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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