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 marginally more likely to be business owners than non-computer owners. This report reveals that computing and technology is becoming an inseparable ingredient in the company world today.

The Computer Trend – A Simple History

The past two decades have marked an enormous rise in the number of home computers. With it, computer owners have always taken to entrepreneurship in several varied areas. Thanks to the growth of computers, technology and also the Internet, new processes are developed for processing regular business activities easily. With no advent of technology, routine tasks would have taken and tremendous amount of specialty and time. Certainly, the computer represents the very best technology development in the past century as it relates to businesses now, both big and small. Improvements in the field of technology have created a vast amount 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 heavily invested in new technology. Let’s try to comprehend the way in which they lead to boost their productivity as well as what the computers mean to companies.

USE OF COMPUTERS IN BUSINESSES

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

Office Routines: Almost always, businesses loaded with the responsibility of the pressures of being mean and lean, fall back upon technology for the majority of their administrative jobs along with rising workloads. This work comprises, among others, stock managing bookkeeping and electronic mail. In bringing down the expenses of promotion and communication, the development of the Internet has also greatly contributed. The bottom line is, technology has really reduced the overall cost of business operations.

New Business Opportunities: The explosion of Internet and e commerce has opened up a plethora of chances for many types of companies. Also, businesses can train their very own workers using in-house Six Sigma software programs, and as a result, save money on labor costs.

It is now possible to possess many business functions operate on autopilot. It’s opened up new chances for software development businesses and business consultants. Another business fad that’s opened up as an outcome of improving technology is outsourcing. It is now feasible to get an organization in America to have its data entry and customer service facilities in overseas nations for example the UK. In this manner, companies can service their customers 24/7.

Indispensable Components of Small Businesses

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

Applications Specific To Small Businesses

Particular powerful, yet simple software has come to the rescue of small businesses in reducing their jobs and opening up new channels. Easy applications like spreadsheets and word processing helps them keep track of correspondence and preserve accounts, finances. These programs enable the users to customize reports and other functions to match their particular company.

Drawbacks

Both women and men in company have adjusted successfully to new technology. But the SBA report mentions the general decline in skill degrees of people, which may eventually lead to an overall decrease in income levels. It appears that people get used to technology doing all the work and have a tendency to fail their ability development. It is up to individual companies to make sure that their employees continue to be able to do tasks that are crucial without the aid of computers, if necessary.