The Effects of Technological Changes on Business Environment
Technological changes affect almost every part of our lives. Thanks to the the advances in communication and computer science, nearly anything you can imagine is only a few clicks away. Making a video call to your parents living overseas, for instance, or watching a movie with a mobile device even when you are travelling is possible with the technology that we have today.
Besides these changes in our personal lives, technology has also changed the face and the pace of how we do business. Business processes have been modified and organizations are now working much more efficiently than ever. At the same time, technology has opened a new way of communication, allowing businesses to communicate and collaborate beyond borders.
It is for sure that the technology has changed organizations in an astonishing way. Mobile devices like smartphones and tablets combining with the power of internet have revolutionized the way we work. E-mail communication have replaced nearly all written memos, phone calls, and faxes. Smartphones and tablets can connect you to your business network while you are out of the office, allowing you to respond quickly. Storing the important files on a cloud computing system rather than your PCs, for instance, has made information easily accessible at anytime and anywhere.
Also by the help of technology, virtual organizations are now a reality. The Internet has allowed businesses to create geographically apart teams to work like a single, unified organization. Video and conference calling, cloud computing, and all instant messaging tools have simplified business processes. The result is greater productivity and efficiency in many cases.
While we are discussing about technology and its components that help businesses to change how they progress, we need to emphasize a few words about cloud computing as well. As many of us know, using the cloud systems have numerous advantages and benefits for organizations that help to have competitive advantage over their rivals. Reducing the costs, being more responsive to the customers, increasing the scalibility and flexilibity are the ones that can be thought easily. So by the help of the cloud nearly everything, even the business itself can change significantly.
Perhaps one of the most important change technology has allowed businesses is to connect to your customers in a new approach mostly using social media platforms like LinkedIn, Twitter and Instagram. For instance via LinkedIn, organizations can connect to different business networks and try to generate new revenue streams. Via Instagram and Twitter businesses can stay relevant in a customer’s mind and help to solve their problems in their business interactions with the organization.
Finally we can say that technology is changing so rapidly for organizations and the ability to adopt new technologies is becoming a vital mechanism. This is certainly true in the world of global business. The coming years will definitely show up new technologies that will surely continue to change the way we do business even one step further.
