The Importance of Technology In Company

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

The Computer Tendency – A Brief History

The last two decades have marked an enormous rise in the amount of home computers. With it, computer owners have always taken to entrepreneurship in many diverse disciplines. Due to the advancement of computers technology and the Internet, new processes have been developed for processing everyday business activities readily. Minus the introduction of technology, regular jobs would otherwise have taken and enormous amount of specialty plus time. Undoubtedly, the computer symbolizes the top technology development in the past century now, as it relates to companies, both small and big. Progress in the area of technology have created a vast variety of business opportunities.

Some Data

In 2003, the U.S. Small Business Administration produced a report/survey that established conclusively that more than 75% of small businesses owned computers and had greatly invested in new technology. Let us try to know what the computers mean to businesses and the way in which they lead to increase their productivity.

USE OF COMPUTERS IN COMPANIES

The essential reasons for the popularity of computers with small businesses are their efficiency, speed, procurement cost that is low and much more than other things, capability to manage multiple tasks with little opportunity for error.

Office Routines: Almost invariably, companies loaded with all the responsibility of the pressures of being mean and lean, fall back upon technology for many of their administrative jobs and increasing workloads. This work comprises, amongst others, inventory managing, bookkeeping and e-mail. The arrival of the Internet has also considerably contributed in bringing down the expenses of communicating and marketing. In summary, technology has really reduced the entire cost of business operations.

New Business Opportunities: The explosion of Internet and e-commerce has opened up a plethora of chances for all kinds of companies. Also, companies can train their very own employees using in-house Six Sigma software applications, and consequently, save money on labor costs.

It is now possible to have many company functions operate on autopilot. It’s opened up new opportunities for business consultants and software development businesses. Another business style which has opened up as an outcome of advancing technology is outsourcing. It’s now possible for a business in America to have its data entry and customer service centres in overseas nations like the UK.

Essential Elements of Small Businesses

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

Software Specific To Small Businesses

Certain strong, yet straightforward applications has come in reducing their jobs and opening up new stations. Simple applications like spreadsheets and word processing helps them keep track of correspondence and maintain finances, accounts. These applications allow the users to customize reports along with other functions to accommodate their specific company.

Drawbacks

Both women and men in business have adjusted successfully to new technology. But the SBA report cites the typical decrease in ability levels of individuals, which might eventually lead to an overall reduction of income amounts. It seems that folks get used doing all of the work and tend to fail their skill development. It is up to individual businesses to make sure that their workers continue to be able to do crucial jobs minus the help of computers, if necessary.