Technology plays an important role in business. Over the years, companies have become so dependent on technology that, if we were to take this technology virtually all business operations around the world will come to a complete stop. Almost all businesses and industries around the world, using computers, ranging from the simplest to the most complex operations.
Technology plays a key role in the growth of commerce and trade around the world. It is true that we have been doing business since time immemorial, long before there were computers; starting from the simple concept of barter trade when the concept of currency has not been introduced, but trade and commerce are still not slow down to the point when the computer revolution changed everything. Almost all businesses are dependent on technology at all levels, from research and development, production and all the way to delivery. Small and large businesses depend on computers to help them with their business needs, from the point of sales systems, information management systems, able to handle all kinds of information, such as the profile of the employee, client profile, accounting and tracking, automation systems for use in large Serial production of the goods, packaging, sorting, assembly lines, up to marketing and communications. It does not end there, all these products also need to be transported by sea, land and air. Just to transport your goods on land already requires the use of multiple systems to provide fast, efficient and secure movement of goods.
Without this technology the idea of globalization would not be a reality. Now all enterprises have the potential to go international through the use of the Internet. If your business has a website, that marketing tool will allow your business to reach clients across thousands of miles with a single click of a button. It would not be possible without the Internet. The technology allowed the company to grow and expand in ways never thought possible.
The role that technology plays for the business sector can not be taken for granted. If we were to take away that technology trade and commerce around the world will come to a halt and the global economy would collapse. It is almost impossible for one to conduct business without the aid of technology in one form or another. Almost every aspect of the business is heavily dependent on technology. Technology has become very important that it has become a huge industry itself from computer hardware manufacturing, software design and development, and robotics. Technology has become a billion dollar industry for a number of persons.
The next time you look at a web site to purchase or swipe a credit card to pay for something you just bought, try to imagine how this particular purchase would have happened if it takes place without with today’s technology. It may be a little hard to imagine. Without all the technology that we now enjoy will be like to live in the 60’s again. No, not computers, cellular phones, no internet. That is the importance of technology in business.