The Importance of In Business Technology

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

The Computer Tendency – A short History

To entrepreneurship, computer owners have always taken with it in many varied fields. Due to the growth of technology, the Internet, new approaches and also computers are developed for processing everyday business activities readily. With no arrival of technology, regular jobs would otherwise have taken and enormous amount of specialty and time. Undoubtedly, the computer symbolizes the top technology development in the last century as it relates to companies now, both small and big. Improvements in the area have created a vast variety of business opportunities.

Some Data

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 heavily invested in new technology. Let us try and comprehend what the computers mean to businesses as well as the way in which they contribute to improve their productivity.

The essential reasons for the popularity of computers with small businesses are their efficiency, speed, low procurement price and over other things, ability to manage multiple tasks with little chance for error.

Office Routines: Almost always, companies loaded with all the responsibility of growing workloads along with the pressures of being mean and lean, fall back upon technology for most of the administrative tasks. This work comprises, amongst others, e-mail, stock managing and bookkeeping. The advent of the Internet has also appreciably contributed in bringing down the costs of communicating and marketing. In summary, technology has reduced the general cost of business operations.

New Business Opportunities: The explosion of e commerce and Internet has opened up a plethora of opportunities for all types of companies. New management methodologies are easier to execute because of statistical software. Also, companies can train their own employees using as a result, and inhouse Six Sigma software applications, save money on labor costs.

It’s now possible to have many business functions operate on autopilot. It has opened up new opportunities for business consultants and software development firms. Another business trend that has opened up as a result of improving technology is outsourcing. It is now feasible for an organization in the us to have its data entry and customer service centres in foreign countries including the United Kingdom. This way, companies can service their customers 24/7.

It’s hard to think of a scenario where companies can do without computers and technology nowadays. It is extremely hard to say whether businesses depend on computers or computers .

Powerful, yet straightforward software that is certain has come to the rescue of small businesses in opening up new channels and reducing their jobs. Straightforward applications like word processing and spreadsheets helps them record correspondence and maintain accounts, finances. These programs allow the users to customize reports as well as other functions to suit their special business.

Drawbacks

Both women and men in business have adapted successfully to new technology. But the SBA report mentions the typical decrease in skill rates of individuals, which may eventually result in an overall reduction of income amounts. It appears that people have a tendency to neglect and get used to technology doing all the work their skill development. It is up to individual firms to ensure their workers are still able to do crucial tasks with no help of computers, if necessary.