The technology plays a crucial role in business. Over the years, business has been depending on technology such that if technology were to be taken away, virtually all businesses all over the world will stop. This is because almost all industries and businesses from all over the world are using technology, from the most basic operations to the most complex ones.
Technology played a key role in the growth of commerce around the world. While it is true that trade has been there ever since the time in memorial, long before computers and phones were invented, from the simple concept of barter trade to the period where currency was introduced. However, computer revolution changed everything. Almost every business relies on technology on all levels, from research, development, production, all the way to delivery. Both small and large enterprises rely on technology for their business needs ranging from point of sales systems to data storage such as client profiles, employees information, accounting, package sorting, automation systems, all the way to marketing and communications.
Technology aids in so many areas. When it comes to transportation, whether it is by sea, air or land, technology takes part in everything. Whichever way you choose to transport your products, you usually use multiple systems for fast, efficient, and safe transportation of your products.
Technology has also helped many become self-employed, reducing the unemployment rate. This is because with technology, you can start a home business and make money at the comfort of your home. All you need is a computer and a fast internet and then you are good to go. For example, you can decide to keep dogs for sale. Many people love dogs that are medium sized which means that they can easily sell. Another thing that you should know when breeding dogs for business is that people also love dogs that do not shed. This is because many purchase dogs to keep in their homes and so they look for quality dogs. With the use of technology, you can market these dogs online where customers can place orders and pay. You only get out of your home when delivering.
Adding to the importance of technology, we cannot ignore the fact that globalization wouldn’t have been there were it not for technology. Currently, all enterprises have a potential to grow up to international level with the use of internet. All a business needs is a website, and with online marketing a business will be able to reach clients thousands of miles with just a single click.
The role of technology in business is something that should not be taken for granted. You can all agree with me that if today we happen to take technology away, not only will the local businesses be affected but global economy will collapse as well. The truth is technology has become a billion dollar industry for thousands of individuals.
He next time you go browsing a site to purchase, or when you swipe your credit card to pay for a product that you just bought. Just try to imagine how that purchase would have been if it weren’t for technology. Without technology, all what we are currently enjoying right now would be like we are living in the 60’s; no computers, no phones, and no internet. I wonder how the world would be like!