The Importance of Technology In Business
A June 23, 2005 news release in the Office of Advocacy, U.S. Small Business Administration, says that home computer owners are somewhat more likely to be company owners than non-computer owners. This report shows that technology and computing has become an inseparable part in the company world today.
The Computer Tendency – A Brief History
With it, computer owners have invariably taken to entrepreneurship in several varied fields. Because of the growth of technology, the Internet, new techniques and also computers are developed for processing regular business activities easily. Without the arrival of technology, regular jobs would have taken and tremendous amount of specialization plus time. Certainly, the computer symbolizes the most notable technology development in the last century as it relates to companies now, both little and large. Advances within the field of technology have created a vast number of business opportunities.
In 2003, the U.S. Small Business Administration produced a report/survey that confirmed conclusively that more than 75% of small businesses owned computers and had greatly invested in new technology. Let us try to comprehend what the computers mean to companies and how they give to increase their productivity.
USE OF COMPUTERS IN BUSINESSES
The essential reasons for the popularity of computers with small businesses are their efficiency, speed, low procurement price and more than other things, capability to handle multiple jobs with little chance for error.
Office Routines: Almost always, businesses loaded with all the burden of the pressures of being lean and mean and increasing workloads, fall back upon technology for most of their administrative jobs. This work comprises, among others, inventory handling, bookkeeping and electronic mail. The arrival of the Internet has also appreciably given in bringing down the expenses of promotion and communication. Technology in a nutshell, has really reduced the entire cost.
New Business Opportunities: New management methodologies, such as Six Sigma are more easy to execute as a result of statistical software. Also, businesses are able to train their very own employees using as a consequence, and in-house Six Sigma software programs, save money on labour costs.
It is now possible to possess many company functions work on autopilot. This has opened up new opportunities for business consultants and software development businesses. Another company trend which has opened up as a consequence of improving technology is outsourcing. It is now feasible to get a company in America to have its data entry and client service centers in overseas nations such as Great Britain. In this manner, businesses can service their customers.
Crucial Components of Small Businesses
It is not easy to think of a situation where companies can do without technology and computers now. It is extremely difficult to say whether businesses depend on computers or computers created business opportunities.
Particular powerful, yet simple software has come to the rescue of small businesses in reducing their jobs and opening up new stations. Easy programs like word processing and spreadsheets helps them maintain accounts, finances and record correspondence. These programs permit the users to customize other functions as well as reports to match their specific business.
Both women and men in business have adapted successfully to new technology. However, the SBA report mentions the typical decline in ability levels of people, that might eventually result in an overall decrease in income amounts. It appears that folks often ignore and get used to technology doing all the work their skill development. It is up to individual companies to ensure their employees remain in a position to do crucial tasks minus the help of computers, if necessary.