In the modern era, we cannot separate technology from business. With the world getting smaller and smaller everyday because of the increased communication between people, technology plays an important role in the way business is conducted worldwide. The use of technology has increased tremendously in the past 2-3 decades. Many new and unique business ideas have come up because of technology. New business methods are being developed everyday for the purpose of processing various business activities. Without technology, these routine tasks would have otherwise taken a lot of time and effort to get completed. Moreover, these would have lacked the accuracy and precision, which only the technology can provide. It is only because of technology that many businesses are thriving on this planet.
The fundamental reason of technology gaining so much popularity is that it is easily available, cheap, efficient and reliable. No human can match the accuracy of computer, no matter whatsoever sharp he or she is. The concept of multitasking is a popular one in the field of technology. The ability to perform various tasks at a single point of time is a major advantage of using technology as it not only saves considerable amount of time but money as well. Internet for example has reduced cost of marketing as well as communication.
The use of technology is not only restricted to a particular domain or niche. No matter whether its an operational task, administrative, mathematical etc, it can be done with ease and precision with the help of technology.
Today, it’s hard to imagine our life without use of technology. Its not only our business which is dependent on it, in fact our lives are. The only concern that is there with the use of technology is that it hampers skill development of an individual and makes him too much dependent on itself.