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What Are the Business Benefits of Technology?

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  • Written By: Felicia Dye
  • Edited By: Melissa Wiley
  • Last Modified Date: 28 August 2014
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The benefits of technology affect businesses in many ways. People can work in a variety of settings because they have tools that allow them to be mobile. The communication options have expanded and allow information to be shared faster and more easily. Tasks that once required human labor can be done by computers and machines. Technology also helps businesses to exercise a greater amount of control over error reduction and productivity.

Mobility is one of the benefits of technology that is experienced by businesses of all sizes. People in a wide range of professions are able to complete their duties without being restricted to the traditional settings in which they would have once been required to work. This is possible because laptops and notebooks allow people to work from remote locations and while they are in transit.

There is a wide range of software and programs that help to keep people organized. Database technology allows them to store and retrieve information in spaces that can be accessed from anywhere. Such advancements in technology often eliminates the need for traditional offices and equipment, such as desktop calenders and file cabinets.

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Businesses' communication options have improved substantially as a result of technology. Calls to a land line can be routed to a cellphone or alternate land line. There are a wide range of methods by which a company can communicate with its clients and other associates. Due to technology, a company can transmit the same piece of information to multiple parties, and each party can receive it through a variety of mediums. For example, a school can send a message to students warning of a problem, and each student may receive an email, a text message, and automated voice mail almost simultaneously.

Another of the benefits of technology is that it allows the sharing of information to occur much faster. Instead of sending actual paper from one place to another through the mail or by courier, a person can transmit electronic documents using fax machines, scanners, and email. People can conduct meetings on the Internet and post and distribute documents just as if they were in a real conference room, yet be anywhere in the world.

Money is essential to almost every business. It is likely that some of the most important benefits of technology are those that allow finances to be managed in a faster and more efficient way. Companies have a wide variety of options to receive and distribute funds. Money can be electronically deducted from one account and transferred to another using tools such as computers, telephones, and automated teller machines (ATMs). Furthermore, this information can be instantly updated and recorded. Then notification of the activities can be sent to individuals in the form of an email or text message.

Although everyone may not agree, the ability of machines and computers to perform tasks that once required humans is considered to be one of the benefits of technology. This capability often allows jobs to be completed faster and with fewer errors. It can also save substantial amounts of money when compared with the cost of human labor.

Technology provides businesses with a greater capability to assess error and productivity. Issues that may have taken long periods of time to detect and resolve can be handled much more quickly and easily as technology improves. This can help businesses to hold workers and contractors responsible for their actions and to assist them in finding ways to be more effective in their roles.

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