The Importance of Technology In Business

The Importance of In Company Technology

A June 23, 2005 news release from the Office of Advocacy, U.S. Small Business Administration, says that home computer owners are somewhat more prone to be business owners than non-computer owners. This report reveals that technology and computing has turned into an inseparable ingredient in the business world nowadays.

The Computer Tendency – A short History

With it, computer owners have always taken to entrepreneurship in several varied areas. Because of the increase of technology, computers and the Internet, new techniques have been developed for processing regular business activities readily. Minus the arrival of technology, regular jobs would otherwise have taken and tremendous amount of specialty and time. Undoubtedly, the computer represents the most effective technology development in the last century as it relates to companies now, both little and large. Improvements within the field of technology have created a vast variety of business opportunities.

Some Data

In 2003, the U.S. Small Business Administration made a report/survey that established conclusively that more than 75% of small businesses owned computers and had greatly invested in new technology. Let’s make an effort to understand exactly what the computers mean to businesses and how they contribute to increase their productivity.

USE OF COMPUTERS IN BUSINESSES

Office Routines: Almost invariably, businesses loaded with the burden of the pressures of being lean and mean as well as rising workloads, fall back upon technology for most of their administrative tasks. This work comprises, amongst others, electronic mail, inventory managing and bookkeeping. The development of the Internet has also substantially contributed in bringing down the expenses of communication and promotion. In summary, technology has reduced the overall cost of business operations.

New Business Opportunities: The explosion of Internet and e commerce has opened up a plethora of opportunities for all kinds of companies. New management methodologies are not more difficult to execute due to statistical software. Additionally, firms can train their very own employees using as a consequence, and in house Six Sigma software programs, save money on job costs.

It is now possible to possess many company functions work on autopilot. It’s opened up new chances for business consultants and software development businesses. Another company trend that’s opened up as a consequence of advancing technology is outsourcing. It’s now easy to get an organization in the us to have its data entry and customer service centers in foreign countries such as Great Britain. In this manner, companies can service their customers 24/7.

Crucial elements of Small Businesses

It is not easy to think of a situation where companies can do without computers and technology nowadays. It is extremely difficult to say whether companies depend on computers or computers .

Software Particular To Small Businesses

Powerful, yet simple software that is certain has come to the rescue in reducing their jobs and opening up new stations. Simple programs like word processing and spreadsheets helps them keep an eye on correspondence and keep finances accounts,. These programs allow the users to customize other functions along with reports to accommodate their specific business.

Drawbacks

Both women and men in business have adjusted to new technology. But the SBA report mentions the general decrease in skill rates of individuals, which might eventually result in an overall reduction of income amounts. It looks like people often neglect and get used to technology doing all the work their ability development. It’s up to individual businesses to make sure their employees remain able to do critical jobs without the help of computers, if necessary.