Technology is generally defined as the practical application of scientific knowledge in the industrial and commercial field. Everybody will agree that technology is really critical for all companies whether they are small or big. Businesses rely on engineering in several ways which range from research, development, production as well as in shipping. Small companies use computers because of their Point of Sales systems and data management systems which contain information on the worker, clients and their bookkeeping. Consequently, technology and business can’t be separated since company needs technology to flourish.
Technology has brought with it several advantages to the business world. It has increased the rates where we transact our business operations because with technologies manual function is considerably reduced. With the support of the web, email interactions have greatly substituted the usage of mobile calls, memos and faxes. In large scale companies, Workflows and Automated tasking systems are utilised to flow line operations adding rates to interactions and so increase productivity.With mobiles like Blackberries and smart phones which enable One to join and monitor one’s business community, one is no longer needed to be in the office at all times. This networking helps one react quickly to matters that require one’s attention but when he’s out of the office.Technology has empowered people in different geographical Locations throughout the world to virtually meet, communicate and seal deals with conference calling, video conferencing and Skype with the support of the Internet.
This way the planet is reduced into a global village improving variety in company perspective points, abilities and capabilities. This also suggests that price in transport get to be cut down. The web has also given companies the chance to enjoy a larger number of consumers since all one needs is a click the company’s website to buy an item.With technologies, information is saved with ease eliminating the bulkiness of paperwork. Retrieving this information is simpler than if stored on paperwork. Additionally, it reduces vulnerability of confidential data using security passwords. On safety, more improvements have been made with the Radio Frequency Identification RFID technologies where microchips which store data are attached to a product. This technology enables businesses to monitor these products. Other companies also insert these chips into humans to boost security whereby access control readers find them allowing one entrance in the door.