Benefits Of Technology In Business

Benefits Of engineering In BusinessThe line engine room is derived from the classic pronounce Technologia techne means craft and logia means the study of something. engine room is a very broad concept and is used to refer to several braches of cognition and study. Some examples atomic number 18 teaching technology, medical exam technology, biotechnology, etc. As the term technology branches into various fields of science and study, so do its public assistances. permit us look at the benefits of technology in some study aras of day-to-day lifeBenefits of Technology in BusinessThe days when the foreland Information Officer (CIO) took implementation decisions and passed the responsibility down the line ar pass. Today, the CIO is an individual who possesses credit line as well as skillful skills, understands the new IT issues facing a blood, and drives the IT swops from the top down. This is a clear indi chamberpott of the benefits rail linees are enjoying through th e implementation of technology. Today technology is an integral image of any bank line right from the purchase of computers and software to the implementation of net and security tools. This helps businesses toRemain up-to-dateDrive business forward sustain and survive competitionIn short, technology has bugger off unrivaled of the noteworthy factors that maximize an organizations ROI.Benefits of Technology in CommunicationFrom hand-held computers to budge phones, expert advancements in the field of communicating are endless. The means and the modes of intercourse are unlimited. Some of the benefits of technological advancements in the field of parley are accelerate clock time is no longer a constraint in communicationClarity With megapixel images and video, and high fidelity audio systems clarity in communication has become a never-before experienceProximity technological advancements fetch do the foundation a sm totallyer place to live in sp rendition whether sp reading breeding, broadcasting news, or sharing knowledge, technology has made it windy, easier, and smarterBenefits of Technology in EducationTechnological advancements in the field of education are fast evolving. Today, e-learning is a familiar and popular term. Some of the benefits of technology in this field arePersonalized learning experience Learners are capable to take control and mold their own learning. They set their own goals, manage the process and content of learning, and communicate with peers.Immediate response Most e-learning programs hand over immediate feedbacks on learner assessments. Similarly there are features such as chat, discussion boards, e-libraries, etc that intromit clarifications at a faster dance step than in traditional classrooms.Self-paced Learners raise chart courses at their own pace. This ensures higher(prenominal) levels of motivation both in terms of completing the course as well as in performance.Greater access Technological advancemen ts assimilate opened education to learners with learning disabilities and in remote locations.Benefits of Technology in HealthcareThe marriage between medicine and technology has reshaped healthcare and revolutionized the medical profession. Some of the major benefits areSecure environment Technology throw overboards physicians and patients to interact in a secure and comfortable environment to discuss peeled issues.Flexibility Physicians force out answer routine and less critical queries at a convenient time.Cost- and time-saving Physicians can follow-up, provide advice, and re-direct patients to resources on the lucre. This saves cost and time by reducing office visits.Medical devices Medical aids allow patients to continue recovery at home reducing their hospital stay. dangerous population Technology aids the very young, elderly, and patients with complex birth defects, degenerative illnesses, and disabled children by alleviating their problems so that they can continue liv ing in their homes.Benefits of Technology in SocietyToday technology pervades almost all aspects of our daily life from shopping, banking, fashioning travel arrangements to university admissions. Some of the benefits are toilet facility Provides a great deal of convenience in expediting own(prenominal) and business transactions be it shopping, banking, or simply paying bills.Speed From direct gifts to making payments everything gets a done with a few clicks.Communication The world is a smaller place and technology allows everyone to keep in touch with their families and friends at a much than affordable cost.Accuracy Technology has trim down errors in mundane and monotonous chores, saving time and cost.Development Technology has brought active development in many fields such as medicine, government, business, education, etc.Technology has evolved and transformed our lives and society. Overall, it has brought about tremendous growth and benefit to mankind.What Are the Benefits of Technology in Business?Whats This?Technological advances in the olden few decades fetch greatly increased the competitive nature of the scotch business world. Companies have used software, computers and the Internet to transform their businesses from local places of business to national and global market competitors. Many companies have responded to these changes by automating their business processes and capturing industry- cogitate information and victimisation it to their improvement. Technology has also forced businesses to remain flexible, adapting their operations to newer and better technological advances.Better Reporting FunctionsCompanies that have multiple locations, whether across the country or globally, have used technology to implement better communication services and software modules that communicate to a home base via the Internet. This allows companies to finish up new economic markets without sacrificing the needs of communication or fiscal and availab le reporting. Additionally, companies can improve their management information system (MIS) to capture information for circumstantial locations when making business decisions.Financial reporting has also benefited greatly from technology rather than sending external auditors to multiple locations, it is possible to form a centralized reckoning office to record and report financial transactions. This improves financial reporting and lessens the expense related to external audits.Increased Employee productivityComputers and business software packages have exponentially increased employees productivity by allowing them to provide data entry functions or review automated reports. Companies have automated several traditional manufacturing processes instead of employ manpower to manually create and assemble goods, machines and/or robots now complete these functions. While these improvements whitethorn increase capital expenditures, they lessen the impact of consistent labor expenses related to productions. Fewer employees are needed to monitor the machines and ensure they are operative properly.Other areas, such as customer service, accounting and administrative support, have also seen an increase in employee productivity. Employees now review and report electronically collected data to ensure they are accurate and timely, rather than manually gathering information.Improved Business MobilityTechnology has also improved companies gross sales and service departments by allowing employees to use personal electronic devices to create sales displays and transmit orders and customer information to the home office. These electronic devices shorten the atomic number 82 time companies spend on receiving and delivering goods or services, creating an instant competitive advantage in the industry. Companies can also send sales representatives to multiple markets at the same time, allowing them to penetrate multiple markets with few overhead costs. Companies may allow t heir internal employees to ply from home using a company Internet connection, reducing the fixed overhead expenses from a large corporate office. see more What Are the Benefits of Technology in Business? eHow.com http//www.ehow.com/list_5990693_benefits-technology-business_.htmlixzz0rNlSC9sCEffects of Technology on BusinessBusinesses have been at the forefront of technology for ages. whatsoever can speed production will draw in more business. As computers emerged in the 20th century, they promised a new age of information technology. But in order to reap the benefits, businesses needed to adapt and change their infrastructure. For example, the Statesn Airlines started using a computerized flight booking system, and Bank of America took on an automated check-processing system.Obviously, now, most business is conducted over personal computers or communication devices. Computers offer companies a demeanor to organize dense databases, personal schedules and various other forms of es sential information.As information travels faster and faster and more reliably, barriers of distance disappear, and businesses are realizing how easy it is to outsource jobs overseas. Outsourcing refers to the practice of hiring employees who work outside the company or remotely and even halfway across the world. Companies can outsource duties such as computer programming and mobilize customer service. They can even outsource fast-food restuarant service dont be move if youre putting in your hamburger order with a fast-food employee working in a different country entirely. Outsourcing is a controversial practice, and many recollect that U.S. companies who take part are hurting the job market in their own country. Nonetheless, from a business perspective, it seems like the wisest route, saving companies between 30 and 70 percent source Otterman.Another technology thats starting to revolutionize business is actually not very new its just cheaper these days. Radio absolute frequ ency identification (RFID) technology is infiltrating and changing business significantly in a few ways. Micro stop paginates that store information (such as a number tantamount(predicate) of a barcode and even an up-to-date history of the chips travels) can be habituated to product, and this helps companies keep track of their inventory.Some businesses have even begun to use RFID chip implants in humans to tighten security. An access control reader detects the chips planetary house and permits the employee access to the door. But many people are concerned about privacy issues if this were to become widespread practice.Handheld devices like BlackBerries have become wildly popular for businesses because they let users check and send email from anywhere, and lop the Internet.Internet BusinessThe Internet enables airlines to provide online flight booking, banks to offer online account management and bill pay and allows any company to sell any product online. In general, the Interne t has proven to be an inexpensive way to reach more customers. Nowadays, if you cant find a business online, or if it has an outdated, ugly Web site, it looks downright unprofessional.Many businesses have succeeded in using the Internet as their primary, or sometimes only, medium. (Youre, of course, aware of this, given that youre reading a HowStuffWorks article. HowStuffWorks started as a hobby for college professor Marshall Brain, and it in the end grew into successful company.)Small businesses, too, have become easier to start up using the Internet. If youre a stay-at-home mom who makes a killer batch of cookies, you can easily sell them over the Internet and ship them to your customers.But, its not everlastingly as simple as it sounds. Any business conducted online must divvy up security, privacy or even copyright issues. Copyright issues would include making sure your business doesnt use someone elses original work (such as a logo, for instance) or even making sure no one el se is profiting from your businesss creative work.One of the biggest ways the Internet has changed business is through targeted advertising. victimisation Google, companies can specify the keywords that will drive certain customers to their ad. For instance, if you were to plug the word baking into Google, you might click on a page from epicurious.com. That epicurious page will have Google ads from sponsors who sell baking-related products. A company that sells rolling pins can pay to have its ads show up for people who wait for specific words, like baking, pies or dough. It makes good business sense people who search for baking on Google will be much more believably to click on a rolling pin ad than the second-rate person.Despite what weve discussed in this article, we havent even scratched the surface of what new technology can do for business communications. The next page provides links to even more articles on information technology and products that have business implicati ons.