The Importance of Technology In Business

The Importance of Technology In Company

This report shows that technology and computing is becoming an inseparable ingredient in the industry world now.

The Computer Trend – A Brief History

The last two decades have marked an enormous increase in the number of home computers. To entrepreneurship in many diverse areas, computer owners have regularly taken with it. Thanks to the growth of computers technology along with the Internet, new strategies have been developed for processing everyday business activities easily. With no arrival of technology, regular tasks would otherwise have taken and tremendous amount of specialty plus time. Certainly, the computer represents the very best technology development in the last century nowadays, as it relates to businesses, both big and little. Improvements in the area of technology have created a vast quantity of business opportunities.

Some Statistics

In 2003, the U.S. Small Business Administration made a report/survey that confirmed conclusively that more than 75% of small businesses owned computers and had greatly invested in new technology. Let us try to understand exactly what the computers mean to companies and the way in which they contribute to improve their productivity.

USE OF COMPUTERS IN COMPANIES

Office Routines: Almost always, businesses loaded with the weight of the pressures of being lean and mean, fall back upon technology for the majority of their administrative jobs as well as rising workloads. This work comprises, amongst others, electronic mail, inventory handling and bookkeeping. In bringing down the expenses of communicating and advertising, the development of the Internet has also substantially contributed. In a nutshell, technology has reduced the general cost of business operations.

New Business Opportunities: The explosion of Internet and e-commerce has opened up a plethora of chances for all kinds of companies. Also, companies are able to train their particular employees using inhouse Six Sigma software programs, and consequently, save money on labor costs.

It’s now possible to possess many business functions operate on autopilot. It has opened up new opportunities for business consultants and software development firms. Another business style which has opened up as an outcome of advancing technology is outsourcing. It is now possible to get a company in America to have its data entry and client service centres in foreign nations for example the UK. In this manner, companies can service their customers 24/7.

Indispensable Components of Small Businesses

It’s difficult to think of a scenario now where businesses can do without computers and technology. It is quite hard to say whether companies depend on computers or computers created business opportunities.

Software Special To Small Businesses

Specific powerful, yet simple software has come in opening up new stations and reducing their jobs. Straightforward programs like spreadsheets and word processing helps them keep track of correspondence and maintain accounts, finances. These programs allow the users to customize reports along with other functions to match their special business.

Drawbacks

Both women and men in company have adjusted to new technology. But the SBA report mentions the general drop in skill levels of individuals, which might eventually result in an overall decrease in income amounts. It seems that people get used to technology doing all the work and often fail their skill development. It’s up to individual firms to ensure that their workers are still in a position to do crucial tasks with no aid of computers, if required.