subject: The Benefits Of Business Technology [print this page] The changes in business technology have been rapid over the last couple of decades and those companies which have been most flexible have generally tended to prosper most of all. It's also true that the reach of new technologies has drastically transformed the world of business, increasing competition and enabling start-ups to go from nowhere to become global corporations with an international reach. Thanks to the internet and computing technology, businesses all over the world have grown from small-scale local enterprises to significant international concerns. The positive effects technological developments have had on businesses have been truly immense and there's more to come.
By capturing industry-related information and automating their business processes, many companies have completely transformed their operations almost beyond all recognition. The competitive pressures which have emerged as a result of the internet and other pioneering technological innovations have compelled businesses to become increasingly flexible and more responsive to the emergence of new competitors. It goes without saying that the start-up costs associated with setting up an internet-based business are generally considerably smaller than those associated with setting up a bricks-and-mortar business although, in turn, those firms have also found themselves with little choice but to establish an online presence.
Leaving the internet to one side, however, computer technology has also served to make employees more productive by performing many of the administrative tasks that would otherwise be carried out manually. Accessing a massive amount of data is now a relatively simple task all it takes is a click of a mouse, or a few keyboard strokes. Many processes have been automated as technology has evolved, although this has obviously had an effect on levels of unemployment as many of those workers who once found themselves employed to carry out certain tasks now find their particular skill set is obsolete.
However, one of the most obvious impacts of the technological innovation of recent years is that businesses are now considerably more mobile than they were in previous eras. Employees can now use personal electronic devices to transmit information for example, customer orders directly back to the office. This considerably shortens the time it takes for businesses to deliver on the services they've been requested to provide. In addition, data can now be transmitted from all over the world within a split second, which makes it far easier for businesses to penetrate markets in far-flung corners of the world. The trend towards greater technological innovation shows no signs of slowing it's up to businesses to be prepared.
