The Importance of Technology In Company

The Importance of Technology In Company

A June 23, 2005 news release in the Office of Advocacy, U.S. Small Business Administration, states that home computer owners are marginally more likely to be company owners than non-computer owners. This report shows that technology and computing is now an inseparable ingredient in the business world now.

The Computer Tendency – A Simple History

To entrepreneurship in many diverse fields, computer owners have always taken with it. Thanks to the growth of the Internet, computers and technology, new procedures are developed for processing regular business activities easily. Minus the advent of technology, routine tasks would have taken and enormous period of time and specialty. Undoubtedly, the computer represents the most effective technology development in the past century now, as it relates to companies, both small and large. Advances in the area of technology have created a vast quantity 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 try to understand exactly what the computers mean to businesses and how they lead to improve their productivity.

USE OF COMPUTERS IN COMPANIES

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

Office Routines: This work comprises, among others, electronic mail, inventory managing and bookkeeping. The development of the Internet has also substantially given in bringing down the expenses of communicating and advertising. In a nutshell, technology has reduced the general cost of business operations.

The surge of Internet and e-commerce has opened up a plethora of chances for several types of companies. Additionally, companies are able to train their particular workers using inhouse Six Sigma software programs, and consequently, save money on labour costs.

It is now possible to get many business functions operate on autopilot. It’s opened up new opportunities for business consultants and software development firms. Another business fad which has opened up as an effect of improving technology is outsourcing. It is now easy for a company in The Usa to have its data entry and customer service centres in foreign nations such as the UK. In this way, companies can service their customers 24/7.

Essential Elements of Small Businesses

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

Software Specific To Small Businesses

Specific powerful, yet simple software has come in opening up new stations and reducing their tasks. Simple programs like word processing and spreadsheets helps them maintain accounts, finances and keep track of correspondence. These applications enable the users to customize other functions along with reports to match their specific business.

Drawbacks

Both women and men in company have adapted successfully to new technology. However, the SBA report mentions the general decline in ability rates of individuals, that might eventually result in an overall reduction of income amounts. It seems that folks get used to technology doing all the work and have a tendency to neglect their ability development. It is up to individual businesses to make sure that their workers are still in a position to do jobs that are critical minus the assistance of computers, if required.