The Importance of In Business Technology

The Importance of Technology In Business

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

The Computer Trend – A Brief History

With it, computer owners have always taken to entrepreneurship in many varied areas. As a result of the growth of technology, computers as well as the Internet, new techniques have been developed for processing regular business activities readily. With no advent of technology, regular jobs would otherwise have taken and tremendous period of time and specialty. Undoubtedly, the computer represents the most effective technology development in the past century as it relates to companies now, both large and small. Advances in the area have created a vast variety of business opportunities.

Some Statistics

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 greatly invested in new technology. Let’s try and know how they contribute to increase their productivity and exactly what the computers mean to businesses.

USE OF COMPUTERS IN COMPANIES

Office Routines: Almost always, businesses loaded with all the responsibility of the pressures of being mean and lean and growing workloads, fall back upon technology for most of their administrative tasks. This work includes, amongst others, inventory handling, bookkeeping and e-mail. The arrival of the Internet has also considerably given in bringing down the expenses of promotion and communicating. In summary, technology has really reduced the general cost of business operations.

The explosion of Internet and e-commerce has opened up a plethora of opportunities for all kinds of companies. New management methodologies, such as Six Sigma are more easy to execute due to statistical software. Additionally, businesses can train their particular employees using as a result, and inhouse Six Sigma software programs, save money on labor prices.

It’s now possible to possess many business functions work on autopilot. This has opened up new opportunities for software development firms and business consultants. Another company trend that’s opened up as a consequence of advancing technology is outsourcing. It is now feasible for a company in America to have its data entry and customer service centres in overseas countries including Great Britain. In this way, businesses can service their customers 24/7.

Crucial elements of Small Businesses

It’s hard to think of a situation where companies can do without computers and technology now. It is rather difficult to say whether companies depend on computers or computers created business opportunities.

Powerful, yet straightforward software that is particular has come to the rescue in opening up new channels and reducing their jobs. Simple applications like spreadsheets and word processing helps them record correspondence and maintain accounts, finances. These programs allow the users to customize reports and other functions to match their specific business.

Drawbacks

Both women and men in company have adapted to new technology. But the SBA report mentions the typical decrease in ability degrees of people, which might eventually lead to an overall reduction of income levels. It would appear that people often neglect and get technology that is used to doing all of the work their skill development. It’s up to individual firms to make certain that their employees are still able to do critical tasks minus the assistance of computers, if necessary.