The Importance of Technology In Company

The Importance of Technology In Company

This report reveals that technology and computing is becoming an inseparable ingredient in the business community today.

The Computer Trend – A Brief History

To entrepreneurship in many varied areas, computer owners have always taken with it. As a result of the advancement of the Internet, computers and technology, new strategies are developed for processing everyday business activities readily. Minus the introduction of technology, routine jobs would have taken and enormous quantity of time plus specialization. Undoubtedly, the computer represents the very best technology development in the last century nowadays as it relates to businesses, both little and big. Advances in the area of technology have created a vast quantity of business opportunities.

Some Statistics

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 us make an effort to understand what the computers mean to businesses as well as how they contribute to improve their productivity.

USE OF COMPUTERS IN BUSINESSES

The fundamental reasons for the popularity of computers with small businesses are their efficiency, speed, procurement price that is low and much more than anything else, capability to handle multiple tasks with little opportunity for error.

Office Routines: This work includes, amongst others, e-mail, stock managing and bookkeeping. The development of the Internet has also greatly given in bringing down the costs of communication and advertising. The bottom line is, 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 businesses. Additionally, businesses can train their very own employees using in-house Six Sigma applications programs, and consequently, save money on job costs.

It is now possible to have many business functions function on autopilot. This has opened up new chances for software development firms and business consultants. Another company style that has opened up as an effect of advancing technology is outsourcing. It is now feasible for a business in The Usa to have its data entry and customer service centres in overseas nations for example the UK. In this way, businesses can service their customers 24/7.

Indispensable Components 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 companies depend on computers or computers created business opportunities.

Software Particular To Small Businesses

Certain strong, yet straightforward software has come to the rescue of small businesses in reducing their jobs and opening up new channels. Straightforward applications like word processing and spreadsheets helps them keep track of correspondence and maintain financing, accounts. These programs allow the users to customize other functions along with reports to accommodate their specific business.

Drawbacks

Both women and men in company have adjusted successfully to new technology. But the SBA report mentions the general decrease in skill levels of individuals, that might eventually lead to an overall decrease in income amounts. It seems that people get used doing all of the work and have a tendency to fail their skill development. It is up to individual firms to make sure that their workers continue to be in a position to do tasks that are critical minus the aid of computers, if required.