Posts tagged "business-technology"

Business Technology Trending

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

The last twenty years marked a massive boost in the number of personal computer. With it, computer owners have actually usually taken to entrepreneurship in many differed grounds. Thanks to the development of technology, computers and the Internet, new methods have actually been established for processing daily business activities easily. Without the arrival of technology, routine tasks would otherwise have taken and enormous amount of time and specialization. Undoubtedly, the computer stands for the leading technology development in the last century as it associates with businesses today, both small and huge. Advances in the field of technology have created a huge variety of business opportunities.

But…

In 2003, the U.S. Small Business Administration produced a report/survey that established conclusively that more than 75 % of small companies had computers and had greatly bought new technology. Let us try to understand exactly what the computers mean to businesses and how they contribute to increase their performance.

I found this interesting.

The essential reasons for the appeal of computers with small businesses are their performance, speed, low procurement cost and more than anything else, capability to handle multiple tasks with little chance for mistakes.

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Office Routines: Almost invariably, businesses packed with the burden of increasing works and the pressures of being lean and mean, fall back upon technology for the majority of their administrative tasks. This work consists of, to name a few, accounting, stock, handling an e-mail. The advent of the Internet also considerably contributed in reducing the expenses of communication and advertising. In a nutshell, technology has reduced the total expense of business operations.

New Business Opportunities: The explosion of Internet and e-commerce has opened a huge selection of opportunities for all types of businesses. New management approaches, such as Six Sigma are simpler to implement due to statistical software. Likewise, companies have the ability to train their own employees using internal Six Sigma software application, and as an outcome, conserve money on labor expenses.

It is now possible to have numerous business functions run on autopilot. This has opened up new opportunities for software development companies and business consultants. Another business trend that has opened as a result of advancing technology is contracting out. It is now possible for a business in America to have its data entry and client service centers in abroad countries such as the UK. In this method, companies can service their clients 24/7.

It is difficult to think about a circumstance where businesses can do without technology and computers today. It is extremely hard to say whether businesses depend upon computers or computers created business opportunities.

Particular powerful, yet easy software has actually pertained to the rescue of small companies in decreasing their tasks and opening new channels. Simple applications like spreadsheets and data processing assists them preserve accounts, financial resources and keep track of correspondence. These applications allow the users to customize reports and other functions to match their certain business.

Small scale businesses need to purchase software bundles that would accommodate their particular management, operational, and practical needs. For this function, they need to strategy practices and IT manufacturers who deal in such software applications. Other IT services include Internet advertising and e-mail marketing, web hosting and promos, and preserving customer networks. Bigger businesses on the other hand have their own functional and practical workers who establish software applications and work on several IT requirements of the businesses. They normally acquire ERP software to collaborate different processes and functions into a single application, which is in fact more practical.

Both men and women in business have adjusted successfully to new technology. But the SBA guide mentions the basic decline in the ability levels of individuals, which might eventually lead to a general decrease of earnings levels. It appears that people get utilized to technology doing all the work and tend to neglect their ability development. It is up to individual companies to make sure that their workers are still able to do vital tasks without the support of computers, if essential.