Essay On Technology In Business
How does technology affect the Business of today “Technology is anything that wasn’t around when you were born” This typically sums up the way technology is growing up at the moment. The pace at which it is growing is mind-boggling. 10 years ago there was no smartphones, Facebook, Ipad. E Commerce was yet to take off. IRCTC was just starting. It was still the days of dial up connection. But today when we look back and say to the new generation that we used these, they look at us as some kind of pre historic dinosaurs When it comes to technology, everyone associates it more with codes, gadgets and geeks. But what is there in it for Business? A lot if one has to say. Let me give you a simple example. Before the advent of e-mails, communication would be slow and it would take a lot of time to send messages. But now everything has changed. Everyone is updated at the same time. Even PEST analysis says that Technology is one of the main factors for getting a competitive advantage. In the beginning, technology was mainly used for automation in business to improve efficiency and excellence. But firms have started to move beyond that since they have realized that it is the basic necessity of technology. Now companies have started using technology to produce goods more efficiently and at a lower cost. Technology is now being used to reinvent the business. It has …show more content…
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