The Importance of Technology In Company

The Importance of Technology In Company

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

The Computer Trend – A Simple History

The last two decades have marked an enormous rise in the number of home computers. With it, computer owners have always taken to entrepreneurship in many diverse areas. As a result of the growth of the Internet, computers as well as technology, new methods are developed for processing regular business activities readily. With no advent of technology, regular jobs would otherwise have taken and enormous period of time plus specialty. Certainly, the computer symbolizes the top technology development in the past century as it relates to companies today, both big and small. Improvements in the area of technology have created a vast variety of business opportunities.

Some Statistics

Let’s try to know what the computers mean to businesses as well as the way in which they lead to boost their productivity.

USE OF COMPUTERS IN BUSINESSES

Office Routines: This work comprises, among others, stock handling bookkeeping and electronic mail. The advent of the Internet has also greatly contributed in bringing down the expenses of communicating and promotion. In summary, technology has reduced the general cost of business operations.

New Business Opportunities: The explosion of Internet and e-commerce has opened up a plethora of opportunities for many kinds of businesses. New management methodologies, such as Six Sigma are more easy to implement because of statistical applications. Also, firms can train their very own employees using inhouse Six Sigma software programs, and as a result, save money on labour costs.

It is now possible to have many company 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 result of improving technology is outsourcing. It’s now possible for a business in America to have its data entry and client service centers in overseas nations like the UK. In this way, businesses can service their customers 24/7.

Crucial Components of Small Businesses

It is not easy to think of a situation where companies can do without computers and technology now. It is very difficult to say whether businesses depend on computers or computers created business opportunities.

Software Special To Small Businesses

Certain powerful, yet simple software has come in reducing their jobs and opening up new channels. Straightforward programs like word processing and spreadsheets helps them keep track of correspondence and maintain accounts, financing. These programs allow the users to customize reports and other functions to match their unique company.

Drawbacks

Both women and men in business have adjusted successfully to new technology. However, the SBA report mentions the general decline in skill degrees of individuals, which might eventually lead to an overall reduction of income levels. It appears that folks get used to technology doing all of the work and have a tendency to fail their ability development. It’s up to individual businesses to make sure that their employees are still in a position to do endeavors that are crucial without the assistance of computers, if necessary.