Technology and Business
Technology has overtaken the world and made it look like 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.
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.
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.
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.
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 and even Telegram.
Through this platforms many business have been able to find more clients who learn about then online.
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
Joblessness
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.
Pollution
Industries use massive machineries to run their companies. Some emit toxic chemicals in the air hence polluting the environment. This 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.
Conclusion
Technology has brought world together has one. New inventions aee 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.
