Technological advancement has affected virtually every aspect of our lives including how we conduct business. You do not need to look too far to see how technology has changed the face and pace of business.
Just think of how things use to be in the past one or two decades. Telephone calls were confined to offices, work files were kept in drawers, business premises were entirely physical and checks took days or weeks to clear.
Today, we have the internet, emails, telecommunication, online shops and indeed smart mobile devices. There are so many ways technology has changed business that it’s hard to know where to begin but here is a summary:
Technology allows Ease of communication and information sharing
At present, communication between business owners and clients is instantaneous, and large amounts of information move through the internet. email and other powerful online tools are now in the hands of entrepreneurs, employees, and consumers. In fact, owners can connect to their entire business network with just a smartphone while they are out of the office.
Computers have made storage of work files simpler, quickly accessible and easier to share between employees.
Automated tasking systems and workflows have minimized or eliminated organization bureaucracy to streamline operations.
Superior marketing and far-reaching collaboration
When it comes to reaching existing or new client bases, technology has freed businesses from the restrictions of print advertisements. Now, we have internet marketing which can range from a simple informational website to email marketing to placing ads on social networks.
Businesses no longer need a physical location to operate nor do they need to hire locally. Video conferencing, conference calling, emailing, instant messaging and cloud computing means that geographically dispersed task forces can meet and work from anywhere on the global.
The result is a very high level of productivity alongside a mix of abilities, viewpoints, and talents.
Location freedom and automation opportunities
If you are running a business online then you can manage it from virtually anywhere in the world, with an internet connection. how great is that!
Imagine running your business while you are traveling? many modern day entrepreneurs do this.traditional business requires you to be on location and everything is physical and time-consuming.
Technology has increased both the speed and efficiency of how we operate our businesses. This allows us to yield more profits. Today technology has provided opportunities for us to automate different aspects of our businesses saving both time and money.