The Importance of Technology In Company

The Importance of Technology In Company

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

The Computer Tendency – A Brief History

The past two decades have marked an enormous rise in the amount of home computers. To entrepreneurship in several diverse areas, computer owners have invariably taken with it. Thanks to the advancement of computers technology along with the Internet, new processes are developed for processing regular business activities readily. With no advent of technology, routine tasks would otherwise have taken and tremendous amount of specialization plus time. Undoubtedly, the computer symbolizes the very best technology development in the last century today as it relates to businesses, both small and large. Improvements in the field of technology 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 us try and comprehend exactly what the computers mean to businesses and the way in which they lead to boost their productivity.

USE OF COMPUTERS IN COMPANIES

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

Office Routines: This work comprises, among others, inventory managing, bookkeeping and e-mail. The advent of the Internet has also substantially contributed in bringing down the expenses of communicating and advertising. In summary, technology has reduced the overall cost of business operations.

The surge of Internet and e commerce has opened up a plethora of chances for several types of companies. New management methodologies, such as Six Sigma are more easy to execute because of statistical applications. Also, firms are able to train their own employees using inhouse Six Sigma software applications, and as a consequence, save money on labour costs.

It is now possible to get many company functions operate on autopilot. It’s opened up new opportunities for software development businesses and business consultants. Another business fad that has opened up as an effect of improving technology is outsourcing. It is now easy to get a business in The Us to have its data entry and customer service centers in foreign countries including the UK.

Indispensable Elements of Small Businesses

It’s not easy to think of a situation nowadays where companies can do without computers and technology. It’s extremely difficult to say whether businesses depend on computers or computers created business opportunities.

Software Particular To Small Businesses

Particular strong, yet simple applications has come in reducing their jobs and opening up new channels. Straightforward programs like word processing and spreadsheets helps them keep track of correspondence and preserve accounts, finances. These programs enable the users to customize other functions along with reports to accommodate their special company.

Drawbacks

Both women and men in company have adjusted successfully to new technology. But the SBA report mentions the general decline in ability degrees of individuals, which might eventually lead to an overall decrease in income amounts. It appears that folks get used to technology doing all of the work and tend to fail their ability development. It’s up to individual businesses to make sure that their employees are still able to do crucial jobs without the assistance of computers, if necessary.

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