Free 517 words Essay on Importance and Impact of technology in Business for school and college students
In today’s 21st century, when every home or business is surrounded by the latest gadgets and services, living life without technology is almost an impossible thought. From home, offices, online workplace, and many other technical to non-technical fields, technology has really played a great role in taking your business to a new level of success.
Let us understand How Important technology is for a business?
- Technology plays an important role in your business expansion, irrespective of the size of the business you are running. There are several benefits to integrating technology and some of them have been discussed below:
- With the advent of science and technology, there is a drastic change in the means of Communication. Earlier, business promotion was mostly done via newspapers, pamphlets, etc. like things but now-a-days, the Internet has changed everything. With the introduction of Digital marketing in the online marketplace, everything seems to be simple and fast.
- Integrating Technology with the business improves your business outputs and profits resulting in the growth of your business. These day businesses’ design their website and start promoting their product and services over the Internet, the fastest growing means of digitally marketing any business services to the people in masses.
- Technology saves times and reduces human efforts. Taking an example of a soldering machine, traditionally people were trained to efficiently use these stations to solder any component or big parts but now-a-days robotics has replaced people with the robots or fully-automatic machines that can operate without any human intervention.
Time to focus on Impact of technology on Business now:
As we could easily see from the importance of Technology in business, human involvement is reduced and more of machines are replacing humans, giving business output at a faster rate.
With the growing technology and latest trends, more of gadgets are being introduced on a regular basis. Technology, no doubts impact your business whether it is small or big and takes it to the level of success that you never imagined before.
Technology affects your social relationship, work culture, relation between the buyer and the seller.
Some of the commonly used equipment driven by the latest technology includes:
- Fax Machine
- Mobile phone
- Refrigerators, to name a few.
Benefits of Technology w.r.t your Business:
- Better Customer Relationship. Technology offers news ways to interact with the customer. Traditionally, lesser means of communication were available but now-a-days, you can easily communicate with your customers and try to get their requirements and solve their queries on the spot.
- Business Security. Lots of security equipment’s like CCTV Camera, burglars’ alarm, bio-metric locks, and much more have come up in the market that can keep your business’ documents safe from any kind of robbery or theft.
- Multiple Research Options. The Internet world is full of information. One can easily find and search any information by simply typing the keywords on the search engines like Google, Yahoo, etc.
Technology has given business a new way to succeed and expand in a way that was otherwise difficult to find.