The Importance of Technology In Company

The Importance of In Company Technology

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

The Computer Trend – A Brief History

The past two decades have marked an enormous increase in the total number of home computers. With it, computer owners have invariably taken to entrepreneurship in several varied areas. Due to the increase of technology, computers and the Internet, new techniques have been developed for processing everyday business activities readily. With no arrival of technology, regular jobs would have taken and tremendous amount of specialty plus time. Certainly, the computer symbolizes the very best technology development in the last century as it relates to companies today, both large and little. Advances in the area of technology have created a vast quantity of business opportunities.

Some Data

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 heavily invested in new technology. Let’s try to understand what the computers mean to businesses as well as the way in which they contribute to improve their productivity.

USE OF COMPUTERS IN COMPANIES

The fundamental reasons for the popularity of computers with small businesses are their efficiency, speed, low procurement price and more than other things, ability to handle multiple tasks with little opportunity for error.

Office Routines: Almost always, companies loaded with the weight of the pressures of being mean and lean and also rising workloads, fall back upon technology for most of the administrative tasks. This work includes, among others, stock handling, bookkeeping and electronic mail. The arrival of the Internet has also greatly contributed in bringing down the costs of communicating and marketing. Technology in summary, has really reduced the overall cost of business operations.

New Business Opportunities: New management methodologies, such as Six Sigma are not more difficult to implement as a result of statistical software. Additionally, firms are able to train their own employees using inhouse Six Sigma software applications, and as a result, save money on labour prices.

It is now possible to get many business functions function on autopilot. It has opened up new opportunities for software development companies and business consultants. Another business trend that has opened up as a consequence of advancing technology is outsourcing. It’s now feasible to get an organization in the United States to have its data entry and customer service facilities in foreign countries like the UK. 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 nowadays. It is extremely hard to say whether businesses depend on computers or computers created business opportunities.

Specific strong, yet straightforward software has come to the rescue in opening up new channels and reducing their jobs. Simple applications like word processing and spreadsheets helps them record correspondence and keep finances accounts,. These programs allow the users to customize other functions and reports to accommodate their specific company.

Drawbacks

Both women and men in business have adapted successfully to new technology. However, the SBA report cites the general decline in skill rates of people, which might eventually lead to an overall reduction of income amounts. It looks like people tend to neglect and get technology that is used to doing all of the work their ability development. It is up to individual businesses to make certain that their employees are still in a position to do tasks that are crucial minus the assistance of computers, if necessary.