Merits And Demerits Of Technology In Business

Just a few decades back, many people did not even imagine that something as powerful as computer will be developed

. Even after the computer was developed, people cant dream of a personal computer, a fridge, a television and so many technological changes. All technological revolutions have taken place in the previous two decades. Since the ignition of techno revolution, computers have stepped in each and every industry. Although the intervention of computer into worlds industries was beneficial, it somehow had negative impacts on businesses. In the sentences and paragraphs that follow, you will read about the negative and positive consequences that technology has had on employers, employees and business on the whole.

First, you may read about its benefits. With the introduction of technology, it has been very easy to upgrade the products, renew their design or give them a new style the way you want. This motivates the customers to buy the new products often. This is very beneficial for the business as they can update their products constantly and generate a good amount of revenue. If a business develops a new type of product using advanced technology, for example, the Acers dual screen laptop. Such products have a great market demand as soon as they are released, and no matter new products are developed, they still have high revenues. Most importantly, because of the new technology and advanced machines, the process of manufacturing becomes easier and more accurate. Further, the manufacturing cost is decreased along with the average cost per product. The production machine can be customized, adjusted and programmed in a way that could meet the customer requirements accurately. Also the business would be less cumbersome to manage because there will be less workers and employees, and less problems, less cash withdrawals and less inefficiency. Amongst all the technologies, internet is the leading technology developed up to date. If you look in to it from the business point of view, it is very beneficial because the business message can be delivered directly to the homes of people. This is called E-commerce. However, with the advantages of technological change, there are some demerits too.

The demerits of technological changes are that the initial cost of introducing new technology is very high. Some machines may even cost up to hundred thousands of dollars. Even if a business buys these machines, it cant guarantee that the machines will succeed in performing the required task. Moreover, small businesses might not be able to afford these high-cost machines. As a result they might lag behind. Further, with the increase of technology, manual labor is required in a very minimum quantity. For this reason, many employees are made redundant. This has led to wide spread unemployment in many countries. This structural change has cause a problem which can never be completely eradicated. Also, a complete dependency on internet, ecommerce and technology may result in a wide gap between owners of the business and customers. There will be a loss of personal contacts with the customers, which might give the customers as alienated feeling. These were the pros and cons of technology in business, but whatever it is, the world has adopted technology in every industry.

Company: Toronto pcs

Address:222 Spadina Avenue, Unit # 116 A

Toronto, ON - M5T3B3

Zip code: M5T3B3

Contact person: micdaved

Phone: 647-693-5036

Email: fed.pats@gmail.com

For more information: http://www.torontopcs.com/

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