Technology has certainly advanced drastically for the past decade or two and keeps improving with the researchers and developers coming up with a new technology every day. Technological advancement had both negative and positive impact on the lives of the common man. Business is one major sector which has got transformed due to technological advancement.
In today’s world, the business users can now get significantly more and cheaper laptop and mobile devices power than they could at the beginning of the decade. This has curtailed the quantity of files and papers where such records had to be maintained as hard copies. Latest reviews suggest that most of the major multinational companies have gone on a paper-free record maintenance and such efforts should be welcomed by all other smaller companies. This has not only made the process easier and simpler, but also made it faster.
The vast database, which was required to be maintained in huge cupboard like hard disks, can fit now into tiny flash drives. The size of the huge computers has decreased to small laptops and tablets, all of which has benefited the business sector. Improvement in mobile phones has worked out miraculously for businessmen. One can sit in his living room and reply to his office emails pretty easily. Technology has definitely helped the companies to understand corporate data trends in a more analytic way. Business Intelligence has now been incorporated in small businesses also in addition to the mind market enterprises. Fast, perfect and continuous trends and graphs can be available with the use of proper tools.
Internet has been a big boon for businessmen. Unlimited and ubiquitous access to the internet has helped them increase their productivity. Internet has also benefited the sector by setting up new businesses. Advertisement has gone almost free. Static websites which required an HTML expert to modify it has got transformed into dynamic corporate websites which do not need to hire a coder to create, maintain or modify them. Nowadays, for conducting business conferences you don’t need to travel miles and for long hours. There are big and important conferences being held by companies across the globe on the web. Accelerated growth of applications such as GoToMeeting and GoToWebminar have offered sales, marketing and customer support to users and thereby, proving quick and quality response to consumers but saving time and money in the process.
Social media has changed the way that many businesses interact with their customers. Enterprises have shifted part of their customer and sales interaction to twitter. Smaller companies are finding niche ways to benefit from twitter and other social media application. Latest technological reviews state that small businesses have adopted social media as a go-to marketing tool. Many local businesses have found their fan base with Facebook pages.
In today’s world, you can go international with gadgets instead of being physically present there. All the technological advancements have helped to escalate business. Business has become more dependent on gadgets and technology, without which it is incomplete. With the upcoming latest technologies, business can be assumed to flourish faster and better.
