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 slightly more likely to be company owners than non-computer owners. This report reveals that computing and technology is now an inseparable ingredient in the world of business today.

The Computer Trend – A Brief History

The past two decades have marked an enormous rise in the number of home computers. With it, computer owners have regularly taken to entrepreneurship in several varied areas. As a result of the advancement of technology, computers as well as the Internet, new processes have been developed for processing regular business activities easily. Without the advent of technology, routine tasks would otherwise have taken and enormous amount of specialty plus time. Certainly, the computer represents the very best technology development in the last century as it relates to businesses nowadays, both little and large. Advances in the area of technology have created a vast quantity of business opportunities.

Some Data

Let us try and know what the computers mean to companies and how they lead to boost their productivity.

USE OF COMPUTERS IN BUSINESSES

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

Office Routines: Almost invariably, businesses loaded with all the responsibility of the pressures of being mean and lean, fall back upon technology for many of their administrative jobs along with growing workloads. This work comprises, amongst others, bookkeeping, inventory managing and email. The development of the Internet has also considerably contributed in bringing down the expenses of communicating and marketing. The bottom line is, technology has reduced the general cost of business operations.

The explosion of Internet and e-commerce has opened up a plethora of opportunities for several types of companies. New management methodologies, such as Six Sigma are not more difficult to execute because of statistical software. Also, businesses are able to train their own workers using inhouse Six Sigma software programs, and as a result, save money on labour costs.

It is now possible to possess many business functions work on autopilot. It has opened up new chances for business consultants and software development businesses. Another company craze that’s opened up as an outcome of advancing technology is outsourcing. It’s now possible for an organization in The Usa to have its data entry and customer service centres in foreign nations for example the UK. In this way, businesses can service their customers 24/7.

Essential Elements of Small Businesses

It’s tough to think of a situation where businesses can do without technology and computers nowadays. It is very hard to say whether companies depend on computers or computers created business opportunities.

Applications Special To Small Businesses

Particular strong, yet straightforward applications has come in reducing their jobs and opening up new stations. Simple programs like word processing and spreadsheets helps them maintain finances, accounts and keep track of correspondence. These programs permit the users to customize reports along with other functions to suit their particular business.

Drawbacks

Both women and men in business have adjusted to new technology. But the SBA report cites the typical decrease in skill degrees of people, which might eventually result in an overall decrease in income amounts. It seems that people get used to technology doing all of the work and tend to fail their skill development. It’s up to individual firms to ensure that their employees remain able to do tasks that are critical minus the aid of computers, if required.