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The Importance of In Company Technology

The Importance of In Company Technology

A June 23, 2005 news release in the Office of Advocacy, U.S. Small Business Administration, states that home computer owners are marginally more inclined to be business owners than non-computer owners. This report reveals that technology and computing has become an inseparable part in the world of business nowadays.

The Computer Tendency – A short History

The last two decades have marked a tremendous gain in the number of home computers. With it, computer owners have invariably taken to entrepreneurship in several varied disciplines. Thanks to the increase of technology, computers as well as the Internet, new techniques have been developed for processing regular business activities readily. With no arrival of technology, routine jobs would have taken and enormous amount of specialization and time. Certainly, the computer represents the most notable technology development in the last century as it relates to businesses today, both little and big. Advances in the area 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 us try to understand what the computers mean to companies as well as how they give to boost their productivity.

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

Office Routines: Almost always, businesses loaded with the burden of the pressures of being mean and lean along with rising workloads, fall back upon technology for most of the administrative tasks. This work comprises, among others, stock managing, bookkeeping and email. The advent of the Internet has also greatly given in bringing down the costs of promotion and communicating. In summary, technology has really reduced the general cost of business operations.

The explosion of e-commerce and Internet has opened up a plethora of opportunities for several types of businesses. New management methodologies are not more difficult to implement due to statistical software. Also, companies are able to train their particular workers using as a result, and in house Six Sigma software applications, save money on labour prices.

It is now possible to have many business functions operate on autopilot. It has opened up new chances for software development businesses and business consultants. It’s now possible to get a company in America to have its data entry and client service facilities in foreign countries including the United Kingdom. In this manner, companies can service their customers.

Indispensable Components of Small Businesses

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

Software Specific To Small Businesses

Specific powerful, yet simple software has come to the rescue of small businesses in opening up new channels and reducing their tasks. Simple applications like spreadsheets and word processing helps them keep finances accounts, and record correspondence. These programs permit the users to customize other functions as well as reports to match their special business.

Drawbacks

Both women and men in business have adapted to new technology. But the SBA report cites the typical decline in ability levels of individuals, which might eventually lead to an overall reduction of income levels. It appears that people often neglect and get technology that is used to doing all the work their skill development. It’s up to individual companies to make sure their workers are still in a position to do critical jobs with no aid of computers, if necessary.