Technology has overtaken the world and made it a small globe. We've seen many companies embracing the new technology in their firms and rising to a higher level due to technology which has enhanced and facilitated a lot of developements. There are many advantages that technology has impacted. Here are some advantages within the business industries.
Increased Efficiency in Production
With modern technology, the end product has been efficiency due to the use of technology for example in big companies packaging had been made easy and accurate due to modern technology. This helps in accurate production of goods compared to human workforce which is prone tp mistakes when it comes to accuracy.
Faster Production which Saves Time
With modern technology it is much faster compared to the human workforce. Many companies are embracing technology due to time management and hence faster results.
Writing companies have embraced AI which has proven to be of great help in enhancing their work hence boosting the companies profits. AI has played a major role also in many transcription companies this is because the same role given to the human AI has proven to work on it as well producing great results and in a timely manner.
Enhanced Technology
Many people are opting for online virtual learning. This has helped a lot of people who yearns for more career development and are far from the universities or colleges. With the introduction of virtual learning more learners are now able to enroll in schools and learn at the comfort of their homes. This has also opened more opportunities to people who wants to study at a given school of their choice without needing to be there. It has saved a lot on things like visa, school hostels and the flexibility to study at the desired time and achieve your goal.
Little to no Workforce
Human workforce has been replaced in many companies thanks to the modern world technology. We see many businesses run through technology, therefore increasing profits due to the efficiency of the technology. This has helped a lot of companies cut down on the cost of paying employees and therefore making more profits on the company.
Marketing Through Internet
Through technology, business can expand marketing themselves via the internet hence having more customers who learn about them through the internet. We have different platforms in the internet that business owners use to market themselves, such as Facebook, Twitter, Tiktok, Instagram, WhatsApp and even Telegram.
Through this platforms many business have been able to find more clients who learn about then online. With the world being a global place thanks to the fast growing technology, companies can advertise their products through out the world. For instance, the travel industry has greatly benefited from this, many tourist can now go online and do their booking in advance instead of walking to their offices. This has saved a lot of time for many people.
Enhanced Communication
Communication has been enhanced due to the fast growing technology. You can now communicate with anyone around the world anytime through different platforms.
We have seen other companies conducting interviews virtually which is really great for the applicants, this saved time and money to travel for an interview. Families and friends can now keep in touch with their loved ones who are far away.
Fast and Accurate Results
Technology helps many business produce great results through machineries that are efficient and faster than the human labor. We see a lot of factories who have transformed by introducing machineries to work for them.
In the travel industry it has made it easier to book online rather than going to the offices. This saves time for both the client and the business owners.
Technology has proven to be really efficient in many ways. But there are major setbacks that we've seen has been created due to the introduction of the new technology. Here are some few setbcks that has emerged:
Disadvantages of Technology in Business
Unemployment
Many people have been rendered jobless due to technology as many company require little human labor therefore this has had a negative impact when it comes to technology. In the world of transcription, a lot of employees were rendered jobless down to the introduction of AI which replaced their roles on transcribing for the companies. As much as the companies make more profits, more people have been rendered jobless.
Abuse of AI
More people especially students are abusing AI. They have become poor on proper research and are using AI for their school work. This has become a major concern to most schools around the world.
Pollution
Industries use massive machineries to run their companies. Some emit toxic chemicals in the air hence polluting the environment. This chemicals have become harzadous to both human and animals. Some companies drain their waste to rivers, streams, lakws and even the ocean. With time this places have become really toxic to the water animals like the fish. All these has led to increased disease such as cancer and other illnesses.
Crime
Technology has led to increased crime rates due to internet hackers who hack important information and use it against the peoples will. Some companies have encountered massive losses due to stolen information such as banks and other credit lending companies. Hackers are using advance technology to get information from different firms and steal money from them. Also technology has made physical activities for most children become almost impossible. This is because they spent a lot of time online more than playing outside. Not only that but we've seen youth embrace a different lifestyle due to technology
Conclusion
Technology has brought world together as one. New inventions are being created and this also creates more opportunities. With technology developing countries has benefitted a lot since it has opened many doors to tàlented tech servis to explore more and increase their talents. With good use of technology it can impact the world in a positive way and let human kind achieve greater heights. However all these depends on how we all use the technology.
