These advances have not only increased employment but also created different industries as a result. This is one of the reasons that technology is so significant to economic growth. ICT have also inspired other establishment of a global market that didn’t exist before. Through the online marketplace citizens and businesses of all countries/world you can buy and sell goods to anyone in minutes; by doing so it increase the economy’s trade exchange. This digital global marketplace connects individuals in fulfilling their needs and also becoming part of the foreign exchange market; transferring money from one currency to another through online payment services.
Technology has the power to promote growth as well as success. Also, technology has changed the business world forever. Technology has changed and upgraded communication, business interactions, travel and so much more. The advantages of technology is endless, when compared to everyday lives. In the business world technology has created new innovations as well as new processes to complete various task.
Technology has made the world change in so many different ways, technology has made businesses more efficient, companies from different locations can communicate easily with each other through video conference. Technology has benefited humans through globalization, entertainment and accurate and speedy processing of information. Benefits Of Technology The entire population of the world depends directly or indirectly on technology. The use of technology has become part of everyone’s daily activity. In the past transportation was slow and people usually move to long distances on foot but, the modern means of transportation is more convenient and faster, you can cover several miles in few hours using airplanes, electric trains and so on.
Use of Technology in Business: Today businesses can save money by using technology to perform certain tasks. When you compare the amount of money spent on hiring an individual to perform a certain task and to guarantee delivery on time, it is totally expensive. When it comes to technology a small business can scale out and deliver more with less human resource. The Use of technology in communication: Unlike in the past when communication was limited to letter writing and waiting for those postal services to deliver your message. Today message and they will reply you instantly.
Business technology including social networking, video conferencing, blogs and instant messaging has removed boundaries in the workplace and assisted business expansion. Business technology allows firms to target a wider consumer market and allows the business to grow to its full potential. Technology is used for a wide range of services. It improves communication, accessibility, mobility and efficiency. Technology eliminates space and greatly reduces time.
Technology has become the new ‘it’ thing these days, its influence spreading throughout the entire world like wildfire. Technology surrounds us everyday - we use it to do even the simplest things in daily life. Humans have now become incredibly dependent on technology until it has affected our creativity and communication, whether we realise it or not. I am of the opinion that there are always two sides of a coin, and it ultimately depends on which side we would choose, the good or the bad. The advantages of the application of technology in our lives has enabled us to augment our personal creativity, especially those whose careers or interests lie in the more creative line of work.
“In this generation, people have kept up the fast pace in the era of modern technology”. Advancement and speed has, therefore, open minds of people to a whole new level, and indeed technology has been a powerful force in the development of civilization. Technology is a complex social enterprise that not only includes, research, craft, design, but it also includes finance, manufacturing, labour, management, maintenances and marketing. Technology has helped people to save time, strength and energy, also brought happiness to many and fame to others. People use technology on a daily basis to accomplish any tasks or interests.
Technology In the last couple years, technology has completely revolutionized our world in every aspect. Whether it be in business, agriculture, or education. Technology has completely changed how we live, and how we accomplish our goals. Today, innovations in technology have been life-changing, and it has benefit us in many features of life. Technology has benefitted us in improving our economy, society, and helping the environment.
It has been declared that technology has had exceedingly great benefits to the tourism sector especially in line with the provision of services that are up-to date with the current trends in the sector. The best thing about technology is that it has been very vibrant and equally dynamic. This has become quite important in that it has led to the invention of highly sophisticated technologies that has eased operations in the tourism industry by a very wide margin. Along with technology, operations are very easy to run and also that it is very easy to perfect service delivery thereby being able to enhance great growth in the