In your opinion, how is using technology in business reshaping the business world?

It is all about speed and convinience for both business people and costumers. The people, especially urbans are busier than ever in the entire history so they need support to make things faster and without being tied to a certain location. This need brings opportunities for the companies those want to make a difference. Money is not an exchange material for a solid good anymore, people are ready to pay to feel better and comfortable.

Technology in a business is supposed to: - Organize processes into automated procedures. - Speed up paperwork and production. - Track who did what and when. - Report on finances and production.

Technology, in brief, converts both: the competition and the marketing into a global level! Business challenges thus become harder but more promising!

Technology plays an Important role in the current business activities, it helps in :

Data Management,Time Management,Employee Management,Disaster Management,Cost Management,Product Management etc

Reducing Turn around time when it comes to services.

Organizing & Channelising

Cost reduction

Identifying Customer needs

Creating Back ups

Feedback

Marketing & Public Relations

Social Awareness

These are some of the uses of Technologies & it surely comes in handful while managing Business of any nature.

 

 

 

Technology in the workplace allows businesses to expand quickly and efficiently. Business technology such as video conferencing, social networks and virtual office technology has removed workplace boundaries that previously limited business expansion. With business technology, companies can target a wider customer base and grow to higher levels.

You can replace human and let thim care about new matters and discoveries.

In today’s society and businesses, people are encouraged to “think outside the box.” That is great for the discovery of new ideas, concepts, and technologies. The downside is that it makes it very difficult to develop or even discuss things that are still in the box, as it were. We are experiencing an age in technology where nomenclature and branding are getting in the way of full understanding. A classic example is the term “Business Intelligence.” Depending on which company you consult, you will find a different definition of the term. For many years companies have been capturing data through transactional systems and storing the data in operational relational database management systems (DBMS) such as Microsoft’s SQL Server. Most definitions of Business Intelligence assume a DBMS is already in place. Data in the DBMS, combined with supporting data from the internet (including social media) and other external sources, is aggregated into a data warehouse via a process called ETL (extract, transform, load) in which the data is cleaned and integrated. Everything that needs to be done for the data to be analyzed is done here. The data warehouse comes in many forms depending on the best alignment with the organization. Even though they can analyze far deeper than humans, they must be guided by a knowledgeable user to augment their performance. Therefore, any of the techniques listed as Bussiness Intelligence Analytics may or may not actually fall into that camp. It depends on the involvement of the analyst. Evidence of the need for experts to intervene with analysis can be seen in the fact that many of the software programs that specialize in model building are now including underlying R interfaces. The cookie cutter output provided by drag and drop modeling programs is no longer sufficient. In order to gain a competitive advantage the models must be customized to their purpose. An expert analyst can take the application functions found in analytics software and do valuable analysis that could not be performed by the software alone or even with a typical end user.

Business development and renewal, something essential as it every day we find what is new in the job market, technology of not only programs, but new equipment new work system promotes development work falls on the employer and the employees of an organization, equipment and Ttrivh dealing with customers and the development of service delivery to the customer and everything, where he must renew every thing in the area of work to succeed and grow, and even in our personal lives must cope with the situation that we live up to move forward in our lives and we become

In few words, i can say increasing performance, productivity, profitability and reduce errors

Well in using technology in Business really make sense, in such away that it provides faster business transactions and feedback, relay of informations and datas are fast thus it enables curtomers, clients and businessmen benifit from it, directly or inderictly. taking for example, instead of using paper in documents and Letters, technology helps it deliver faster and convenient by providing the use of Emails or Social networking sites or the internet.

i think the Technology has contributed to the business by several factors1 - made ​​more accurate and faster business2 - data can be stored and keep them regardless of their size , and this is better than paper data storage or traditional3 - can get things done from any place home , work or any other places4 - a key factor in the achievement of commercial transactions or banking the fastest way5 - contributed to the emergence of social networking sites , making people around the world as if they were inside a small village