Importance of Technology in Business Today Business is one of the most beneficial areas of technology. The manager makes his decisions in a short time and he can easily solve problems, with the help of technology. Information technology and its applications in the business world have facilitated the use of computers and allowed the use of the Web, thus making the work more flexible. The most important advantages of technology in this area may include:
Easy access to reports: There are many companies that have many branches locally or globally. Technology allows them to communicate between their multiple branches to obtain reports on the progress of the work and financial capabilities of each branch, and it provides an opportunity to connect to competing markets and provide reports that are available.
Thus, technology can be relied on to carry out these tasks rather than sending delegates and reviewers for information.
Increased employee productivity: Technology has contributed to a significant increase in the productivity of workers, both at the level of clerical work or manufacturing work, as most industries are now using machines instead of the human element; This means saving time and effort. Despite the high cost of using technology in the industrial field, its usefulness was greater than its cost; It saves the labor cost required in the production process, while at the business level related to customer service, it increases employee productivity so that all data and information are reviewed in a short time rather than manually. The following points address some of the benefits and importance of using technology in business:
➣Technology provides many mechanisms that contribute to increasing the efficiency of work and productivity entrusted to it, in addition to accelerating and facilitating the work process.
➣There are many software programs that help to achieve accuracy in financial transactions and related salaries of employees, or pay bills or other, and make the implementation of these tasks easier.
➣The technology achieves a high degree of competition between companies or institutions, and provides a number of mechanisms to help, including marketing and selling online, as well as communicating with the right customers in the right place and time.
➣Technology facilitates communication between co-workers or even with customers and consumers.
The lack of community engagement will not be solved by technology alone. But for social innovators, it’s hard to imagine technology not playing some important role.