The Importance of Technology In Business

The Importance of Technology In Company

This report reveals that computing and technology is now an inseparable element in the world of business now.

The Computer Tendency – A Short History

The last two decades have marked an enormous increase in the number of home computers. With it, computer owners have invariably taken to entrepreneurship in several varied disciplines. As a result of the growth of the Internet, computers as well as technology, new procedures are developed for processing everyday business activities easily. With no introduction of technology, regular jobs would have taken and tremendous amount of specialization plus time. Certainly, the computer represents the most effective technology development in the past century today, as it relates to companies, both big and small.

Some Data

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

USE OF COMPUTERS IN COMPANIES

Office Routines: This work contains, among others, stock handling, bookkeeping and email. In bringing down the expenses of advertising and communication, the development of the Internet has also substantially contributed. In summary, technology has really reduced the overall cost of business operations.

The surge of Internet and e-commerce has opened up a plethora of chances for many kinds of businesses. New management methodologies, such as Six Sigma are simpler to implement as a result of statistical software. Additionally, companies can train their own employees using inhouse Six Sigma applications applications, and consequently, save money on labor costs.

It’s now possible to have many company functions work on autopilot. It has opened up new chances for software development companies and business consultants. Another company trend that’s opened up as an effect of improving technology is outsourcing. It is now possible to get a business in The Usa to have its data entry and customer service centres in overseas countries like the UK. This way, businesses can service their customers 24/7.

Indispensable Components of Small Businesses

It’s not easy to think of a scenario where businesses can do without computers and technology now. It is extremely hard to say whether businesses depend on computers or computers created business opportunities.

Applications Specific To Small Businesses

Certain strong, yet simple software has come to the rescue of small businesses in opening up new stations and reducing their tasks. Straightforward programs like spreadsheets and word processing helps them maintain accounts, financing and keep track of correspondence. These programs enable the users to customize reports as well as other functions to accommodate their unique business.

Drawbacks

Both women and men in company have adjusted to new technology. However, the SBA report mentions the general decline in skill levels of individuals, which might eventually lead to an overall reduction of income amounts. It seems that people get used to technology doing all of the work and often fail their ability development. It is up to individual companies to make sure that their employees are still in a position to do jobs that are crucial with no assistance of computers, if required.