The Importance of Technology In Business

The Importance of Technology In Company

This report shows that technology and computing has become an inseparable component in the world of business now.

The Computer Tendency – A Short History

The past two decades have marked an enormous increase in the number of home computers. With it, computer owners have always taken to entrepreneurship in many varied areas. Due to the advancement of computers technology and also the Internet, new processes are developed for processing regular business activities readily. Minus the advent of technology, regular tasks would have taken and enormous quantity of time plus specialty. Certainly, the computer represents the top technology development in the last century as it relates to companies today, both big and little. Progress in the field of technology have created a vast amount of business opportunities.

Some Statistics

In 2003, the U.S. Small Business Administration produced a report/survey that established conclusively that more than 75% of small businesses owned computers and had heavily invested in new technology. Let us try and understand exactly what the computers mean to companies and how they lead to increase their productivity.

USE OF COMPUTERS IN BUSINESSES

Office Routines: This work contains, amongst others, email, inventory handling and bookkeeping. In bringing down the costs of marketing and communicating, the arrival of the Internet has also considerably contributed. In a nutshell, technology has reduced the overall cost of business operations.

The explosion of Internet and e commerce has opened up a plethora of chances for all types of businesses. Additionally, businesses can train their very own workers using inhouse Six Sigma applications programs, and as a consequence, save money on labor costs.

It is now possible to have many company functions work on autopilot. This has opened up new opportunities for business consultants and software development companies. Another company craze that’s opened up as an outcome of advancing technology is outsourcing. It’s now possible to get a business in The United States to have its data entry and customer service facilities in overseas nations such as the UK.

Crucial Elements of Small Businesses

It is not easy to think of a scenario where businesses can do without computers and technology nowadays. It is quite difficult to say whether companies depend on computers or computers created business opportunities.

Applications Special To Small Businesses

Specific powerful, yet straightforward applications has come to the rescue of small businesses in reducing their jobs and opening up new stations. Simple applications like word processing and spreadsheets helps them maintain financing, accounts and keep track of correspondence. These programs allow the users to customize other functions as well as reports to suit their special business.

Drawbacks

Both women and men in business have adjusted to new technology. But the SBA report mentions the typical decrease in skill levels of people, which might eventually result in an overall reduction of income levels. It seems that folks get used doing all the work and often fail their skill development. It’s up to individual firms to ensure that their employees are still able to do jobs that are critical with no aid of computers, if required.

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