Showing posts with label Role of Technology in Business. Show all posts
Showing posts with label Role of Technology in Business. Show all posts

Role of Technology in Business

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Technology plays a crucial role in the development of business or to beat the competitive edge. From many years, businesses are dependent of Technology and the usage of new methods. It became the body of the businesses that if we take all the Technology away, then all businesses will come to a grinding halt.

Almost all businesses are using computers from a variety of simple operations to complex. Technology played a major role in the growth of commerce and trade in all over the world. We are doing business since time there were no computers, starting from barter system.

From small enterprises to large companies, Technology is used in every point of time from production to delivery of product. Information Management systems are capable of managing all kinds of information like employee profile, accounting, tracking, client profile, automation systems, package storing and many more things.

Globalization wouldn’t become reality without the Technology. With the use of internet, all the companies are able to do trading overseas. If your business has a web site, then we with proper marketing, it will be reached to thousands of people with just a click button. This wouldn’t be possible without internet and thus technology allowed people to do business over thousands of miles.

If Technology was taken from all businesses, then immediately world economy will collapse and all the trade will come to an end.  It has become its own industry of manufacturing hardware, software design and development. Technology individually has become the million dollar industry.

Next time when you switch on your computer and open a website for any purpose, think of what happens if there were no modern Technology… it will become a bit difficult to visualize. That important is Technology to Business.