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The Importance of Technology In Business

July 3, 2015 - Business

This report reveals that technology and computing has become an inseparable ingredient in the business world now.

The Computer Tendency – A Simple History

To entrepreneurship in many varied disciplines, computer owners have invariably taken with it. Due to the growth of computers, technology as well as the Internet, new methods have been developed for processing regular business activities readily. With no arrival of technology, regular jobs would otherwise have taken and enormous amount of time and specialization. Certainly, the computer symbolizes the top technology development in the past century as it relates to businesses nowadays, both little and large.

Some Data

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 make an effort to know the way in which they contribute to increase their productivity and exactly what the computers mean to companies.

USE OF COMPUTERS IN COMPANIES

Office Routines: Almost invariably, businesses loaded with the responsibility of the pressures of being mean and lean, fall back upon technology for many of the administrative jobs and rising workloads. This work contains, among others, bookkeeping, stock handling and email. The development of the Internet has also substantially contributed in bringing down the costs of promotion and communication. The bottom line is, technology has really reduced the overall cost of business operations.

The explosion of Internet and e-commerce has opened up a plethora of opportunities for all types of businesses. Additionally, companies are able to train their own employees using in house Six Sigma software programs, and consequently, save money on labor costs.

It’s now possible to have many business functions operate on autopilot. It’s opened up new chances for software development businesses and business consultants. Another business trend which has opened up as a result of advancing technology is outsourcing. It is now easy to get a company in The Usa to have its data entry and client service centres in overseas nations for example the UK.

Crucial Components of Small Businesses

It’s difficult to think of a situation where companies can do without computers and technology now. It is quite difficult to say whether companies depend on computers or computers .

Software Specific To Small Businesses

Particular powerful, yet straightforward applications has come in opening up new channels and reducing their jobs. Simple programs like word processing and spreadsheets helps them keep track of correspondence and maintain accounts, finances. These applications allow the users to customize reports along with other functions to match their unique company.

Drawbacks

Both women and men in company have adjusted successfully to new technology. But the SBA report mentions the general drop in ability rates of people, that might eventually result in an overall reduction of income amounts. It appears that people get used doing all the work and tend to fail their skill development. It is up to individual firms to make sure that their employees continue to be in a position to do jobs that are critical minus the help of computers, if necessary.

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