July 3, 2015

The Importance of Technology In Business

A June 23, 2005 news release in the Office of Advocacy, U.S. Small Business Administration, says that home computer owners are slightly more likely to be business owners than non-computer owners. This report shows that technology and computing is becoming an inseparable component in the business community now.

The Computer Tendency – A Short History

To entrepreneurship in several varied disciplines, computer owners have regularly taken with it. Because of the growth of technology, computers and the Internet, new methods have been developed for processing everyday business activities readily. With no introduction of technology, regular jobs would otherwise have taken and tremendous amount of specialty plus time. Certainly, the computer represents the very best technology development in the past century as it relates to businesses today, both small and large. Improvements in the area of technology have created a vast amount of business opportunities.

Some Statistics

Let’s try and understand exactly what the computers mean to companies as well as how they lead to improve their productivity.

USE OF COMPUTERS IN COMPANIES

Office Routines: Almost invariably, businesses loaded with all the responsibility of rising workloads and the pressures of being mean and lean, fall back upon technology for most of the administrative jobs. This work includes, amongst others, e-mail, stock handling and bookkeeping. The arrival of the Internet has also substantially given in bringing down the costs of communicating and advertising. In summary, technology has reduced the general cost of business operations.

New Business Opportunities: The surge of Internet and e-commerce has opened up a plethora of opportunities for all kinds of businesses. Also, firms are able to train their particular workers using inhouse Six Sigma software programs, and consequently, save money on labour costs.

It’s now possible to get many company functions function on autopilot. It’s opened up new opportunities for business consultants and software development companies. Another company style that’s opened up as a consequence of improving technology is outsourcing. It is now easy for a business in America to have its data entry and client service facilities in foreign countries like the UK. In this way, companies can service their customers 24/7.

Indispensable Components of Small Businesses

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

Software Special To Small Businesses

Specific strong, yet simple software has come to the rescue of small businesses in opening up new channels and reducing their endeavors. Easy applications like spreadsheets and word processing helps them maintain accounts, finances and keep track of correspondence. These programs enable the users to customize reports and other functions to match their specific company.

Drawbacks

Both women and men in business have adjusted successfully to new technology. But the SBA report mentions the general decline in skill degrees of people, that might eventually result in an overall decrease in income levels. It seems that folks get used to technology doing all the work and often neglect their skill development. It is up to individual businesses to ensure that their employees are still able to do tasks that are critical minus the assistance of computers, if necessary.