Technology plays a crucial role in business life. Over the years, companies have become so dependent on technology that if we took that technology away, virtually all business operations around the world would grind to a halt. Almost every business and industry around the world uses computers, ranging from the simplest to the most complex operations.
Technology played a key role in the growth of trade and commerce around the world. It’s true that we’ve been doing business since time immemorial, long before there were computers; Starting with the simple concept of barter, before the concept of currency was introduced but trade and commerce were still slow, to the point where the computer revolution changed everything. Almost all companies depend on technology at every level from research and development to production and delivery. Small to large businesses rely on computers to run their business needs, from point-of-sales systems to information management systems that store all types of information such as employee profiles, customer profiles, accounting and tracking, to automation systems for use in large corporations can process mass production of merchandise, package sorting, assembly lines to marketing and communication. But that’s not all, all these goods also have to be transported by sea, land and air. Just transporting your goods over land requires the use of multiple systems to enable fast, efficient and safe goods transport.
Without this technology, the idea of globalization would not have become a reality. Now all companies have the potential to go international by using the internet. If your business has a website, this marketing tool allows your business to reach thousands of miles of customers with just the click of a button. Without the internet this would not be possible. Technology enabled companies to grow and expand in ways never thought possible.
The role that technology plays in business cannot be taken for granted. If we took away this technology, trade and commerce around the world would grind to a halt and the world economy would collapse. It is almost impossible to conduct business without the help of technology in one form or another. Almost every aspect of business is heavily influenced by technology. Technology has become so important that it has grown into a huge industry itself, from the manufacture of computer hardware to the design and development of software and robotics. Technology has become a billion dollar industry for a number of people.
The next time you surf a website to buy something or swipe a credit card to pay for something you just bought, try to imagine how that particular purchase would have played out if it hadn’t been for the help of modern technology would have taken place. That might prove a bit hard to imagine. Without all the technology we now enjoy, it would be like living in the 60’s again. No computers, no cell phones, no internet. That’s how important technology is in business.