technology

How technology revolutionized how we do business

technologyTech­no­log­i­cal 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.

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