Jul
2015

The Importance of Technology In Company

This report shows that computing and technology has become an inseparable part in the business community today.

The Computer Trend – A Brief History

The last two decades have marked an enormous rise in the amount of home computers. With it, computer owners have regularly taken to entrepreneurship in many varied fields. Due to the advancement of computers technology and the Internet, new procedures have been developed for processing regular business activities easily. Without the arrival of technology, regular jobs would otherwise have taken and enormous amount of specialty plus time. Undoubtedly, the computer symbolizes the top technology development in the past century as it relates to companies today, both big and little. 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 established conclusively that more than 75% of small businesses owned computers and had greatly invested in new technology. Let’s try to understand exactly what the computers mean to companies as well as the way in which they contribute to increase their productivity.

USE OF COMPUTERS IN COMPANIES

Office Routines: Almost invariably, businesses loaded with all the responsibility of growing workloads and the pressures of being lean and mean, fall back upon technology for most of the administrative jobs. This work comprises, amongst others, stock managing, bookkeeping and e-mail. The arrival of the Internet has also considerably given in bringing down the costs of communication and advertising. In a nutshell, 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 many types of businesses. Also, companies are able to train their particular employees using in house Six Sigma applications programs, and as a consequence, save money on labor costs.

It is now possible to get many company functions work on autopilot. It has opened up new chances for software development businesses and business consultants. Another business fad that has opened up as a result of advancing technology is outsourcing. It is now feasible for a company in The Usa to have its data entry and customer service centres in overseas nations such as the UK. In this manner, companies can service their customers 24/7.

Essential Components of Small Businesses

It is tough to think of a scenario where businesses can do without technology and computers nowadays. It is very difficult to say whether businesses depend on computers or computers .

Applications Specific To Small Businesses

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

Drawbacks

Both women and men in business have adapted successfully to new technology. But the SBA report mentions the general decrease in ability rates of people, which might eventually result in an overall reduction of income amounts. It seems that people get used doing all of the work and have a tendency to fail their skill development. It’s up to individual businesses to make sure that their workers are still in a position to do crucial endeavors without the help of computers, if required.