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The Importance of Technology In Company

This report shows that computing and technology is now an inseparable element in the business community today.

The Computer Tendency – A Simple History

The past two decades have marked an enormous rise in the amount of home computers. To entrepreneurship in many diverse fields, computer owners have invariably taken with it. Due to the advancement of computers, technology and the Internet, new strategies are developed for processing everyday business activities easily. With no arrival of technology, regular tasks would otherwise have taken and enormous period of time and specialization. Undoubtedly, the computer represents the most notable technology development in the past century as it relates to businesses today, both little and big. Improvements in the field of technology have created a vast amount of business opportunities.

Some Statistics

In 2003, the U.S. Small Business Administration produced a report/survey that established conclusively that more than 75% of small businesses owned computers and had heavily invested in new technology. Let’s make an effort to know how they contribute to boost their productivity as well as what the computers mean to companies.

USE OF COMPUTERS IN COMPANIES

The fundamental reasons for the popularity of computers with small businesses are low procurement cost, speed, their efficiency and much more than other things, ability to handle multiple tasks with little opportunity for error.

Office Routines: Almost invariably, businesses loaded with the burden of the pressures of being lean and mean, fall back upon technology for the majority of the administrative jobs and also rising workloads. This work comprises, amongst others, inventory handling bookkeeping and email. In bringing down the costs of promotion and communicating, the arrival of the Internet has also greatly contributed. In a nutshell, 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 chances for all types of businesses. Also, firms are able to train their very own workers using in house Six Sigma software programs, and consequently, save money on labor costs.

It is now possible to have many business functions work on autopilot. It has opened up new opportunities for business consultants and software development businesses. Another business fad which has opened up as an effect of improving technology is outsourcing. It is now feasible to get an organization in The Usa to have its data entry and customer service centers in foreign countries including the UK. In this manner, companies can service their customers 24/7.

Crucial Components of Small Businesses

It’s difficult to think of a situation where businesses can do without computers and technology today. It is extremely difficult to say whether businesses depend on computers or computers created business opportunities.

Software Particular To Small Businesses

Particular powerful, yet simple software has come to the rescue of small businesses in opening up new channels and reducing their endeavors. Straightforward programs like word processing and spreadsheets helps them keep track of correspondence and maintain financing, accounts. These programs allow the users to customize reports as well as other functions to match their special company.

Drawbacks

Both women and men in business have adjusted successfully to new technology. However, the SBA report cites the general decrease in ability rates of people, that might eventually result in an overall decrease in income levels. It appears that folks get used doing all of the work and often fail their skill development. It’s up to individual firms to ensure that their employees continue to be in a position to do tasks that are critical minus the assistance of computers, if necessary.