The Importance of In Company Technology

The Importance of In Company Technology

4 November, 2015

The Importance of Technology In Business

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

The Computer Trend – A Brief History

With it, computer owners have always taken to entrepreneurship in many varied fields. Because of the growth of technology, the Internet, new techniques and also computers have been developed for processing everyday business activities easily. Without the arrival of technology, routine jobs would otherwise have taken and tremendous period of time plus specialization. Certainly, the computer represents the top technology development in the past century as it relates to businesses today, both large and small. Improvements within the field have created a vast variety of business opportunities.

Some Statistics

In 2003, the U.S. Small Business Administration created a report/survey that established conclusively that more than 75% of small businesses owned computers and had greatly invested in new technology. Let’s try and comprehend the way in which they contribute to improve their productivity as well as what the computers mean to businesses.

USE OF COMPUTERS IN COMPANIES

The fundamental reasons for the popularity of computers with small businesses are their efficiency, speed, low procurement price and over anything else, capability to handle multiple jobs with little opportunity for error.

Office Routines: Almost always, companies loaded with all the responsibility of the pressures of being lean and mean and also increasing workloads, fall back upon technology for many of their administrative tasks. This work comprises, amongst others, inventory managing bookkeeping and electronic mail. The arrival of the Internet has also considerably given in bringing down the expenses of communication and advertising. In a nutshell, technology has really reduced the overall cost.

The explosion of Internet and e commerce has opened up a plethora of opportunities for all types of businesses. New management methodologies, such as Six Sigma are not more difficult to execute as a result of statistical software. Additionally, businesses are able to train their own employees using as a consequence, and in-house Six Sigma software applications, save money on labour costs.

It’s now possible to get many business functions work on autopilot. This has opened up new chances for business consultants and software development firms. Another company trend that’s opened up as a consequence of advancing technology is outsourcing. It’s now possible for an organization in the United States to have its data entry and client service facilities in overseas countries such as the United Kingdom. In this way, businesses can service their customers 24/7.

Crucial elements of Small Businesses

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

Software Specific To Small Businesses

Powerful, yet straightforward software that is particular has come to the rescue of small businesses in reducing their jobs and opening up new channels. Easy applications like spreadsheets and word processing helps them record correspondence and keep accounts, finances. These programs permit the users to customize other functions as well as reports to match their particular company.

Drawbacks

Both women and men in business have adjusted successfully to new technology. But the SBA report cites the typical decrease in skill levels of people, that might eventually lead to an overall reduction of income levels. It seems that folks get technology that is used to doing all the work and tend to ignore their ability development. It is up to individual companies to make sure that their employees are still able to do crucial jobs with no help of computers, if necessary.