The Importance of Technology In Business

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

The Computer Tendency – A Short History

With it, computer owners have regularly taken to entrepreneurship in several varied areas. Because of the growth of computers technology and the Internet, new methods are developed for processing regular business activities readily. Minus the advent of technology, regular jobs would have taken and tremendous amount of specialty plus time. Undoubtedly, the computer symbolizes the very best technology development in the past century as it relates to companies now, both small and big.

Some Data

In 2003, the U.S. Small Business Administration made a report/survey that established conclusively that more than 75% of small businesses owned computers and had heavily invested in new technology. Let’s make an effort to comprehend how they lead to increase their productivity as well as exactly what the computers mean to companies.

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 other things, capability to handle multiple tasks with little opportunity for error.

Office Routines: This work includes, amongst others, electronic mail, stock managing and bookkeeping. In bringing down the costs of communicating and promotion, the advent of the Internet has also considerably contributed. In a nutshell, technology has reduced the overall cost of business operations.

New Business Opportunities: The surge of Internet and e-commerce has opened up a plethora of chances for many kinds of companies. Additionally, companies can train their very own workers using inhouse Six Sigma applications applications, and as a result, save money on labour costs.

It’s now possible to have many business functions work on autopilot. This has opened up new opportunities for business consultants and software development companies. Another business style that’s opened up as a result of advancing technology is outsourcing. It is now possible to get an organization in America to have its data entry and client service centers in foreign countries for example the UK. In this manner, businesses can service their customers 24/7.

Essential Components of Small Businesses

It is not easy to think of a scenario nowadays where companies can do without computers and technology. It is extremely difficult to say whether companies depend on computers or computers .

Applications Special To Small Businesses

Certain strong, yet simple software has come in opening up new stations and reducing their endeavors. Straightforward applications like word processing and spreadsheets helps them preserve accounts, financing and keep track of correspondence. These programs allow the users to customize other functions along with reports to match their specific business.

Drawbacks

Both women and men in business have adapted to new technology. However, the SBA report cites the general drop in ability levels of individuals, that might eventually result in an overall decrease in income levels. It seems that folks get used doing all of the work and often fail their skill development. It’s up to individual businesses to ensure that their employees remain able to do crucial endeavors without the aid of computers, if necessary.