The Importance of Technology In Business

July 3, 2015 - Business

The Importance of Technology In Company

A June 23, 2005 news release in the Office of Advocacy, U.S. Small Business Administration, says that home computer owners are marginally more likely to be business owners than non-computer owners. This report reveals that technology and computing has turned into an inseparable part in the business community today.

The Computer Tendency – A Short History

The past two decades have marked an enormous increase in the amount of home computers. To entrepreneurship in several diverse fields, computer owners have invariably taken with it. Because of the advancement of computers, technology along with the Internet, new procedures have been developed for processing regular business activities readily. Minus the introduction of technology, regular tasks would have taken and enormous amount of specialty and time. Certainly, the computer symbolizes the most effective technology development in the past century as it relates to businesses nowadays, both big and little. Progress in the field of technology have created a vast number of business opportunities.

Some Data

In 2003, the U.S. Small Business Administration created a report/survey that established conclusively that more than 75% of small businesses owned computers and had heavily invested in new technology. Let us try to know the way in which they contribute to increase their productivity and what the computers mean to businesses.


Office Routines: This work contains, amongst others, inventory handling bookkeeping and electronic mail. In bringing down the costs of promotion and communication, the arrival of the Internet has also substantially contributed. The bottom line is, technology has reduced the general cost of business operations.

New Business Opportunities: The surge of Internet and e-commerce has opened up a plethora of opportunities for all kinds of companies. New management methodologies, such as Six Sigma are simpler to execute because of statistical applications. Additionally, companies can train their particular employees using inhouse Six Sigma applications programs, and consequently, save money on job costs.

It is now possible to get many company functions work on autopilot. This has opened up new opportunities for business consultants and software development companies. Another company style that has opened up as a result of improving technology is outsourcing. It’s now easy for a company in The Us to have its data entry and client service facilities in overseas countries such as the UK.

Essential Elements of Small Businesses

It is not easy to think of a scenario where businesses can do without computers and technology today. It is very difficult to say whether companies depend on computers or computers .

Applications Particular To Small Businesses

Certain strong, yet straightforward applications has come in opening up new stations and reducing their tasks. Easy programs like word processing and spreadsheets helps them maintain financing, accounts and keep track of correspondence. These programs enable the users to customize reports and other functions to accommodate their special business.


Both women and men in company have adjusted to new technology. However, the SBA report mentions the typical drop in skill levels of individuals, which may eventually lead to an overall decrease in income amounts. It appears that people get used to technology doing all the work and have a tendency to fail their skill development. It is up to individual companies to make sure that their workers remain able to do tasks that are crucial minus the assistance of computers, if required.