Digital tools can help streamline your business and enable growth. They have the ability to help your business to automate tasks and create deeper insights and customer experiences. This means they can enable improvements to productivity, wellbeing and provide customer insights that can help you to improve.

This lesson will help you to understand the range of digital tools you could consider for your business and then help you to get the technical skills you'll need to deploy them.

KEY LEARNINGS

  • Recognise the benefits of using digital skills and tools to streamline your business
  • Evaluate the areas of your business that would benefit from digital tools
  • Research and identify specific tools that can help enable your growth goals

Read time:

15 mins

Chapter 1

The benefits of digital tools and skills

Read time:

2 mins

What can digital do for your business?

There are many digital tools that can help businesses - more than can be covered in this module. Some tools are industry-specific, while others have benefits for a wide range of business.

But what are some of the potential benefits?

  • Productivity – Digital tools often streamline manual tasks which can increase productivity within teams. They also minimise the risk of human error, meaning you will spend less time fixing mistakes which will free up time that can be spent on other tasks​
  • Wellbeing – With the increase in productivity and streamlining of tedious manual tasks, wellbeing can be improved in the workplace as employees will have a lighter workload and reduced stress as a result
  • Customer insights – Analytics tools can provide you with an easier way to gain valuable insights into the demographics and behaviours of your customers. This can help you make more informed decisions when it comes to selling your products or your marketing campaigns. They can also help you determine the best way to reach your customers

It's important to note that digital tools don’t create these benefits, but they enable them and make them easier to access.​ As an example, you can gather customer insights by talking to customers, conducting surveys etc. Digital tools can give you access to more data and make understanding it easier.

Chapter 2

Increasing productivity

Read time:

5 mins

Using digital tools to increase productivity and efficiency

There are a several tool types you can consider for increasing productivity and efficiency in your business.

Let's take a closer look at some of your options. Select each one to find out more.

 

  • Access files anywhere, anytime on any device

    Avoid losing your files and data with automatic saving

    Work on files at the same time as others

    • Lets you store all of your files, software and applications on a remote server, instead of storing them on your computer. This means you can access them at any time and from any device, as long as you have internet access. This can reduce your travel time as you can access your files at home or elsewhere
    • It also reduces the risk of losing files and data, through features like ‘auto-save’​

    • You can work and collaborate on that proposal document or budget spreadsheet in real time, so you have better version control and don’t have to keep emailing content back and forth​

    Cloud can seem like a complex topic, but you might already be using some Cloud tools without even knowing it. Do you use tools like Microsoft Office or Google Workspace? If so both of these use Cloud to help allow live collaboration and enable productivity.

    Example

    If you ran a cleaning company, you could use Cloud to see and update client bookings while on the move.

    Want to know more? Our Save time and money with cloud lesson explains what cloud solutions are available and how to pick one to meet your needs.

  • Send quick messages

    Host remote meetings

    Keep in touch 24/7

    • ​These tools let you send messages and receive fast responses which can speed up sales, supplies and operations
    • Host remote meetings instead of travelling to meet in person. This can be better for you and your clients, suppliers or investors​

    • Keep in touch throughout the day, from any location on your smartphone

    Examples of communication tools include Slack, Microsoft Teams and WhatsApp.

    Example

    If you were a fitness trainer, you could hold classes virtually using video tools to attact a broader audience.

  • Set tasks and track

    Set clear accountability

    Spot delays and blockers

    • ​Project management tools let you assign tasks and keep track of progress through digital dashboards and tools
    • You’ll always know who’s responsible for different aspects of the project, and can check this information at any time.

    • These tools give an overview of the whole project from start to finish, so you can spot delays and blockers early on. This means you can make a plan to resolve these

    Examples of project management tools include Asana, Monday.com and Trello.

    Example

    If you ran a doggy daycare service, you could use these tools to schedule and assign who will be walking, cleaning, feeding each day. 

  • Schedule social media posts

    Automate your email marketing

    Use chatbots for basic questions

    Including tools like social media scheduling tools, email marketing platforms and automated marketing comms. These tools help you streamline manual tasks and processes involved in marketing. 
     
    • Schedule social media posts ahead of time to ensure you’re regularly posting engaging content and communicating with your audience
    • Automate your email marketing. This can include sending milestone emails with incentives on customer’s birthdays or when they’ve been a customer for over a year. It can also include sending automatic order confirmation emails
    • Many of these tools will also have chatbot features. You can integrate these into your social media channels or website to deal with basic inquiries from customers

    Examples of marketing automation tools include Hootsuite, Buffer, Later, MailChimp and Drip.

    Example

    If you ran a craft business, you could use these tools to profile upcoming workshops and showcase new products.

  • Store receipts and expenses for easy expense calculations

    Generate invoices quickly and easily using these tools

    Track your bills to make sure everything is paid on time

    These tools are available to help you manage your finances and accounting  enabling automation and access from anywhere. 

    Examples of accounting tools include Quickbooks and Xero.

    Example

    If you spend hours chasing payments, using an accounting tool to create invoices and automatically generated reminders could help.

  • Real time, automatic updates on your stock as people buy

    Always know how much you have of each item in stock

    Reduce your risk of over-ordering any items that you stock

    • These can help you keep track of all the stock you currently have in your inventory. 
    • You’ll be provided with real-time, automatic updates of stock as it is purchased. So you’ll always know the quantity of each item you have in stock
    • Stock management systems can also reduce the risk of over-ordering stock, which means you can avoid paying too much for warehouse space.

    Examples of stock management systems include INTUENDI, Jira Work Management and Netstock. 

    Example

    If you run a business where stock has seasonal peaks and troughs, then these systems can help you navigate them.

Chapter 3

Gaining customer insights

Read time:

3 mins

Tools that can help gain valuable insights

There are various different tools you can use to carry out customer research and gain a better understanding of your customers.

Analytics tools

 

Like Market finder and Statista

Website analytics

 

Like Google Analytics or Adobe Analytics

Other analysis tools

 

Like Answer the Public and Survey Monkey

Customer Relationship Tools

 

Like Salesforce or Hubspot

Analytics tools

These may be useful if you’re looking to find customers in a new or different market. Market Finder is a free tool that can help you identify new markets around the world and provide you with insights for expansion. Statista has reputable market statistics including customer behaviour and trends.

Website analytics

Google Analytics is a free data analytics tool that provides you with information about how customers are using your website, from how they found it to which pages they visit. Adobe Analytics is a paid-for solution. It offers similar features, with highly customisable and detailed data reporting.

Want to know more? Check out our Using web analytics to understand your users lesson.

Other analysis tools

Answer the Public can help you discover the different topics your customers are searching for, so you can see what kind of things people are asking about your product, service or business area. Survey Monkey is a survey-creation tool that you can use to ask customers directly about their wants and needs.

Customer Relationship Management (CRM) tools

These tools store, track and manage customer data, giving you a multifunctional tool for dealing with the needs of your clients. Examples of these tools include HubSpot and Salesforce.

Want to know more? Our Getting started with Customer Relationship Management tools lesson gives more details on how to pick and use the right CRM tool for your business.

Chapter 4

Attracting and converting customers

Read time:

5 mins

How can digital tools be used?

Let's take a look at how different tools can help your business reach and keep customers. 

 

  • You can use Search Engine Optimisation to help your website organically appear in search results when potential customers are searching for keywords that relate to your business. You can also use Search Engine Marketing. This is a form of paid advertising, in which you can pay for your website to be advertised at the top of search results. Both of these methods can help attract customers.

    You should ensure your website is visually appealing and easy to navigate to encourage customers to make a purchase on your site. Want to find out ways to do this? Take a look at our Designing your website lesson.

  • Email marketing tools such as MailChimp can be used to send out targeted emails to potential customers. These tools use AI and automation to create, send and track responses to your emails. 

    Emails can include introductory offers or incentives such as free samples in order to attract and convert customers. The tools can also generate welcome emails to new customers, 'abandoned cart' emails to encourage a customer to complete a sale plus personalised 'thank you' emails after a purchase.

    Make sure your email marketing meets GDPR rules. Check out this article from the ICO for guidance on these rules.

  • Social media channels such as Facebook, Instagram and Twitter are often used to build relationships with customers by interacting with them and posting engaging content. Channels often have links to websites or online marketplaces to encourage customers to visit and purchase products.

    Our two lessons Making the most of social media and Creating engaging social media content can help you build up your social media profile.

  • Google Business Profile allows you to control how your business appears on Google Search and Maps. You can provide information about your business such as opening hours, contact details, location and more. You can also include images of your products, a link to your website and reviews.

  • As we’ve already touched on, automation tools include social media scheduling tools, automated marketing comms and email marketing tools. These tools can help you engage with your customers and help you continue building the relationship.

    Open AI tools such as ChatGPT and Jasper.ai can help you quickly produce engaging content such as email copy, social media content and blogs.

  • Chatbots can enable you to provide 24/7 customer support which can create a positive customer experience and contribute towards the reputation of your business.

  • We also already touched on accountancy software which can help you manage your finances. It can also help you convert customers as it provides automated invoicing and reminders. It can also issue refunds quickly, providing a positive customer experience.

How did we do?

We'd love your in the moment feedback on the lesson.

Thank you for taking the time to give your feedback.

 

Lloyds Bank Academy is committed to providing information in a way that is accessible and useful for our users. This information, however, is not in any way intended to amount to authority or advice on which reliance should be placed. You should seek professional advice as appropriate and required. Any sites, products or services named in this module are just examples of what's available. Lloyds Bank does not endorse the services they provide. The information in this module was last updated on 16th August 2024.