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, says that home computer owners are slightly more inclined to be business owners than non-computer owners. This report reveals that computing and technology is now an inseparable part in the business world now.

The Computer Trend – A short History

The past two decades have marked a tremendous upsurge in the amount of home computers. To entrepreneurship, computer owners have always taken with it in several varied areas. Due to the increase of technology, the Internet, new techniques and computers are developed for processing regular business activities readily. Without the advent of technology, routine tasks would otherwise have taken and tremendous amount of specialization plus time. Certainly, the computer symbolizes the most notable technology development in the past century as it relates to businesses now, both big and little. Advances within the field have created a vast number of business opportunities.

Some Statistics

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 us try to comprehend what the computers mean to companies and the way in which they give to improve their productivity.

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

Office Routines: Almost always, businesses loaded with the responsibility of the pressures of being lean and mean and increasing workloads, fall back upon technology for most of the administrative jobs. This work includes, among others, e-mail, inventory handling and bookkeeping. The advent of the Internet has also appreciably given in bringing down the costs of communicating and promotion. In summary, technology has really reduced the general cost of business operations.

New Business Opportunities: The explosion of Internet and e commerce has opened up a plethora of opportunities for all types of businesses. New management methodologies, such as Six Sigma are simpler to execute as a result of statistical software. Additionally, companies can train their particular workers using as a consequence, and in house Six Sigma software applications, save money on labour prices.

It is now possible to have many company functions function on autopilot. It has opened up new opportunities for software development businesses and business consultants. It’s now easy for an organization in the usa to have its data entry and client service centres in foreign countries like the UK. In this way, companies can service their customers.

Crucial Components of Small Businesses

It’s hard to think of a situation where businesses can do without technology and computers now. It is very hard to say whether companies depend on computers or computers .

Software Specific To Small Businesses

Certain strong, yet straightforward software has come to the rescue of small businesses in reducing their endeavors and opening up new channels. Straightforward applications like spreadsheets and word processing helps them record correspondence and maintain accounts, finances. These programs permit the users to customize other functions and reports to suit their particular business.

Drawbacks

Both women and men in company have adapted successfully to new technology. But the SBA report cites the general decrease in skill levels of individuals, which might eventually lead to an overall decrease in income levels. It appears 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 be sure that their employees continue to be able to do jobs that are critical with no aid of computers, if necessary.