The Importance of Technology In Company

This report reveals that computing and technology is becoming an inseparable part in the business world now.

The Computer Tendency – A Simple History

The past two decades have marked an enormous rise in the amount of home computers. With it, computer owners have regularly taken to entrepreneurship in many diverse areas. Thanks to the growth of computers technology as well as the Internet, new strategies have been developed for processing regular business activities readily. With no advent of technology, routine jobs would have taken and enormous amount of specialty plus time. Undoubtedly, the computer symbolizes the very best technology development in the past century today, as it relates to businesses, both small and large. Progress in the field of technology have created a vast amount of business opportunities.

Some Statistics

In 2003, the U.S. Small Business Administration created 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 to understand the way in which they contribute to improve their productivity and what the computers mean to businesses.

USE OF COMPUTERS IN COMPANIES

The essential reasons for the popularity of computers with small businesses are low procurement price, speed, their efficiency and much more than anything else, capability to manage multiple jobs with little chance for error.

Office Routines: Almost invariably, companies loaded with all the responsibility of the pressures of being mean and lean, fall back upon technology for the majority of their administrative jobs and increasing workloads. This work contains, amongst others, stock handling, bookkeeping and electronic mail. The arrival of the Internet has also considerably given in bringing down the expenses of marketing and communication. In summary, technology has really reduced the overall cost of business operations.

The surge of Internet and e-commerce has opened up a plethora of chances for all kinds of businesses. Also, firms are able to train their particular employees using inhouse Six Sigma applications applications, and consequently, save money on job costs.

It is now possible to get many business functions function on autopilot. This has opened up new opportunities for business consultants and software development companies. Another company style that’s opened up as a result of advancing technology is outsourcing. It is now feasible for an organization in The Us to have its data entry and customer service facilities in foreign countries for example the UK. This way, companies can service their customers 24/7.

Indispensable Elements of Small Businesses

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

Applications Special To Small Businesses

Certain powerful, yet simple software has come to the rescue of small businesses in reducing their jobs and opening up new channels. Simple applications like spreadsheets and word processing helps them maintain accounts, finances and keep track of correspondence. These applications permit the users to customize other functions along with reports to suit their specific company.

Drawbacks

Both women and men in company have adjusted successfully to new technology. But the SBA report mentions the typical drop in skill levels of people, which may eventually result in an overall reduction of income levels. It appears that people get used doing all of the work and tend to neglect their skill development. It’s up to individual companies to ensure that their workers continue to be able to do jobs that are crucial without the aid of computers, if necessary.