Startups in Singapore staying competitive through new areas of technological adaptation in a flexible workspace

With greater economic value placed on innovations than on actual manufactured goods in Singapore, consistent fostering and sanctioning of new ideas across the organization in a flexible working environment is crucial for startups to remain competitive in their industries. Employees must be able to easily interact with the right technological tools to collaborate effectively and adapt to ever-changing work demands. With startups facing budget restraints, it is imperative that business owners are equipped with the right technological tools that help priortise productivity and efficiency, retaining healthy operational costs. The modern workplace is all about social collaboration and the future of work about fostering community. Work processes are now flexible, mobile, collaborative and technology-enabled.

Here are some other crucial areas that technology in a flexible workspace will enable local startups to stay ahead competitively in a fast-paced digitized world:

1. Speed & agility

A flexible workspace should primarily have high internet speed connection to ensure workflow processes are not disrupted. Startup businesses need to harness time, the ultimate resource, focusing on productivity. Depending on your startup’s business size and type, there’s a range of different internet solutions which may be most appropriate, as your business scales in size you may need to increase your bandwidth allocation accordingly. Companies making regular use of cloud computing or internet intensive e-commerce activity will need to buy a higher amount of broadband and can often put a drain on your download speeds if you don’t have a fast-enough connection.

2. Integrated technology

Integrated technology-driven workplaces will transform new businesses and drive great levels of performance. Connected technology in flexible workspaces tops the list as the innovation that employees think will be most useful to improve the way they work in the office in the next 5 years. Soon enough, gadgets and gizmos speaking to each other through the internet will be a common fixture in the office, and office workers are gearing up to make the most of the streamlined processes, helping efficiency and giving them more time to focus on their core roles instead of mundane office tasks.

3. Closer communication & collaboration

In this age, new communication technologies are abundant. They are revolutionising and improving communication flows, permeating workplaces worldwide. In congruency, flexible workspace design today, has a primary aim to enhance workplace collaboration. With compatible social networks and unified communication tools used in sync, a seamless work environment is established, and productivity is enhanced. A McKinsey Global Institute study found that high-skill knowledge workers spend 19 percent of their average workweek searching for and gathering information. On the contrary, the survey found that improved communication and collaboration through social technologies could raise the productivity of interaction workers by 20 to 25 percent.

4. Innovation culture

Flexible workspaces support creativity, cross-collaboration and innovation for startup companies. They are sculptured to address and meet the demands of Singapore’s shifting skillsets in the workforce. Together with technology integrated into flexible workspaces, different kinds of professionals from disparate disciplines can come together in convergence to innovate. Flexible workspace design today, are about creating highly responsive spaces that allow people to unlimitedly decide what is best for the most fruitful collaborative experiences. Collaboration is the gateway to leading-edge innovation and startups that recognise this advantage will invest well in interactive, sharable spaces infused with sensible technologies.

5. Energy & cost saving efficiency

Flexible workspaces in the modern day are more energy efficient than most traditional office buildings. They cost less to operate, providing a safer and healthier and happier environment for all occupants and visitors. Many space owners purchase new technological software that help their businesses decrease operational costs, streamline operations, automate specified work processes while improving space management. These are crucial cost-saving factors for startup companies in Singapore who face tougher business challenges.