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What does Business Technology do for me?
Whether a new or seasoned company, business technology is made for your benefit. Using business technology allows you to use your hardware or software to communicate technology that may support or enhance administration and productivity. Business technology also helps your business to keep up with an ever changing and competitive market.
Benefits of Technology in Business
by Bradley James Bryant, Demand Media
"Technology is a broad concept that has come to refer to breakthroughs in science that allow for a better or automated solution. While the most obvious benefit to technology in small business is increased productivity--which translates into a lower cost structure--there are some other benefits that can help the bottom line as well. improved speed, the ease of sharing and storing information and a decrease in human error through automation add up to a reduction in costs and an increase in revenue."
Automation
"Technology allows small businesses to automate certain functions that historically have required the need to hire an employee. For instance, bookkeeping functions now can be handled by software applications such as Quicken and Quickbooks. The sales function is automated through contact management sites such as SalesForce. This gives the small business owner the ability to focus on strategy and cut down on labor expenses."
Improved Sharing of Information
"Technology allows information, whether written or broadcast, to be shared more quickly and with fewer resources. Marketing can be accomplished by placing ads that reach millions of ready buyers on the Internet or through social networking sites. E-learning and other forms of online training have reshaped the readiness of the average small business workforce as employees can listen to classroom lectures and share ideas with classmates from the comfort of their home or office. This eliminates the need for small business to hire training staff." http://smallbusiness.chron.com/benefits-technology-business-336.html
Disadvantages of Business Technology and you.
Although Business Technology allows you to stay ahead in marketing and keep up with you competitors, there are also aspects of business tech that you may want to take into consideration. First disadvantage would be your expenses. Starting off as a new business you may not have the funding to load up on the latest tech to get your business booming and out into the world. Especially if you yourself are not the tech savvy person we all would wish to be, taking into account the need to pull in an outside resource to help you connect to the business tech world and help you keep up with the maintenance that may be required for some of your tools. A second disadvantage may be the loss of employment within your company. Turn-over costs are just as much as hiring costs in businesses. With using certain technologies, they may replace the "human" aspect and require you to rehire trained individuals knowledgeable in handling the technology used. Not to mention the training for any upgrades in your technology. Some may see this as an investment, when in business you want to put your best foot forward in knowing you have the best tech foundation in order to provide your service. Lastly, and one disadvantage you may want to be concerned most about, is the security of information stored. Unless you have top notch military security over your finances and other confidential information filed in your storage, what would be the likeliness of such information being easily accessed? Would you have a few select individuals chosen to be able to utilize that information, or would it need to have it's own separate cyber space? With hackers, and the non-guarantee of faulty technology, keeping the core information of your business secure may also be a challenge.