The Importance of Technology In Company

The Importance of Technology In Business

This report shows that technology and computing has become an inseparable element in the industry world now.

The Computer Tendency – A Simple History

The past two decades have marked an enormous increase in the amount of home computers. With it, computer owners have regularly taken to entrepreneurship in many diverse fields. Due to the growth of the Internet, computers and technology, new strategies are developed for processing everyday business activities readily. Without the advent of technology, routine jobs would have taken and tremendous amount of specialty plus time. Certainly, the computer symbolizes the most notable technology development in the past century today, as it relates to companies, both small and big.

Some Statistics

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

USE OF COMPUTERS IN BUSINESSES

Office Routines: Almost always, businesses loaded with the responsibility of rising workloads along with the pressures of being mean and lean, fall back upon technology for the majority of their administrative tasks. This work comprises, amongst others, e-mail, inventory managing and bookkeeping. The development of the Internet has also substantially given in bringing down the costs of promotion and communication. In a nutshell, technology has really 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 several types of companies. Also, businesses can train their very own employees using in house Six Sigma software applications, and consequently, save money on labor costs.

It’s now possible to get many business functions work on autopilot. It has opened up new opportunities for business consultants and software development businesses. Another company trend which has opened up as an outcome of advancing technology is outsourcing. It is now easy to get an organization in The Usa to have its data entry and client service centers in overseas countries for example the UK.

Indispensable Elements of Small Businesses

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

Applications Particular To Small Businesses

Particular strong, yet straightforward applications has come in reducing their tasks and opening up new stations. Straightforward applications like word processing and spreadsheets helps them maintain accounts, finances and keep track of correspondence. These applications allow the users to customize reports and other functions to suit their particular company.

Drawbacks

Both women and men in business have adjusted to new technology. However, the SBA report cites the general decrease in ability levels of individuals, which may eventually lead to an overall decrease in income amounts. It appears that people get used to technology doing all the work and have a tendency to neglect their ability development. It is up to individual companies to ensure that their employees continue to be in a position to do critical jobs with no assistance of computers, if necessary.