Table of Contents
- 1.The Top 8 Benefits of Using Technology in Business
- 1.1.Social Media Revolutionizes the Concept of Marketing
- 1.2.Productivity Software Provides Data-Based Plans for Growth
- 1.3.Technology Improves Inner-Organizational Communication
- 1.4.Better Safety Equipment Makes for a Better Workplace
- 1.5.Digital Organization Makes for Less Clutter
- 1.6.Technology Has Helped Reduce Energy Consumption
- 1.7.Virtual Shopping is the Trend of the Future
- 1.8.Businesses Can Handle Customer Complaints Easier
- 2.How Technology in Business Will Change the Future
For all the complexities that come with technology, some of the fields it is used in are just as complicated. Technology in business is a broad topic so we hope to simplify that in this article.
Hardware configurations, software programming, and unending troubleshooting sessions can challenge any person’s brain, no matter how smart they are – but it also takes a lot of mental prowess to be successful in the world of business.
Managing money, pleasing your corporate superiors and partners, and of course, keeping the customer happy – these are just a few of the major responsibilities people have to juggle when they work in business. Whether it’s a sales associate trying to move the next big product or a manager overseeing the performance of an entire district, any businessperson must have a number of traits.
These traits include the ability to follow directions to the letter while also finding creative solutions if given the approval by management. It’s also important for businesspeople to use the right tools – and sometimes that means embracing the newest technology as well as integrating it permanently into the workplace.
How has technology benefited business? There are multiple ways, and the benefits are a testament to how technology succeeds in its intended purpose – to make life more convenient for the people using it.
The Top 8 Benefits of Using Technology in Business
Social Media Revolutionizes the Concept of Marketing
A business can have the best products, the most high-end facilities, and the most well-trained staff in their industry or region. But unless customers know the business is there and feel comfortable engaging, it will be impossible to turn a noteworthy profit.
Marketing has always been a crucial component of the business. It’s important for companies to promote themselves, and also to do so in a very specific way. Promotional efforts need to encompass the brand identity and be consistent. One of the best ways to accomplish this today is by using social media.
Nearly 90 percent of all companies now use social media platforms for marketing. The ease of use, versatility, and ever-expanding reach makes it a great option. Whether it’s a simple update about what the company offers to help them stay fresh in the customer’s mind or an ad about an upcoming deal, a social media post can do a lot.
Marketing will always be crucial to the success of any business, and advances in networking and search engine technology have made social media a viable solution.
Productivity Software Provides Data-Based Plans for Growth
Every business wants to grow – it goes without saying that any entrepreneur, salesperson, or business-minded individual wants to share their product with as many people as it could help. And for the person who is confident in the product or service they offer, they often have big plans that can grow every day.
The problem can be understanding how to be productive enough to put those plans into action. Keeping track of profits and losses are equally important to understanding how to grow your business. When human calculations are not good enough, it is sometimes better to rely on technology.
Productivity software is great for tracking the important factors about a business and getting an accurate data-driven picture of how things are going. Once you have these facts, you can use them to create a more efficient plan for expansion.
By minimizing operational costs and loss in putting more into your highest-earning revenue streams, productivity software can help businesses grow immensely.
Technology Improves Inner-Organizational Communication
Sometimes it’s said that the furthest distance between two people is a misunderstanding – and misunderstanding is often the result of poor communication practices. But this doesn’t just account for the words we use, but the medium we choose to use.
Communication tools like instant messaging, sharing sites, and collaborative cloud portals are sometimes thought of as only useful for casual communication or educational purposes. But these tools are also helpful for businesses.
Some companies even create entire intranets without their organization, making sure every employee has the ability to communicate with every other employee.
Even simple tools like a company email list show how technology has changed the way companies communicate on the inside. From paper memos to digital messages, companies have come a long way thanks to technology.
Better Safety Equipment Makes for a Better Workplace
If a workplace isn’t safe, it can’t be expected to be very productive. Or at the very least, it won’t be as productive as it could be otherwise.
When there are unaddressed safety hazards, it is something that puts employees and customers in danger. This can lead to a slower workflow, costly liabilities, and a lot of lost productivity no matter how skilled the team is.
Technology has made a lot of the equipment businesses use much safer over the years. For example, automatic shutoff switches on powerful machines or electric voltage regulators can be very helpful in preventing accidents.
Technology in business plays a big role in making workplaces safer. When employees know their wellbeing is taken into account by management, they’ll be more inclined to work harder leading to better team synergy.
Digital Organization Makes for Less Clutter
Staying organized is one of the hardest things for a business to master. With piles of papers, pages of accounts, and file cabinets full of information crowding up many offices around the world through the past years, the ability to digitize much of this information was a welcomed change.
While the world hasn’t gone completely paperless, digital platforms for organizing invoices, records, and contracts is much easier thanks to the digital organization. Not only does it help to avoid clutter, but it helps curb the problems that come with it.
Digital and paperless technology in business have always been centered around controlling clutter, but for the bigger benefit of promoting efficiency. Being able to avoid messes of paper allows a person to keep a cleaner work environment and to be able to track important information with ease.
There’s also another benefit to pursuing a paperless approach to a business organization – it saves trees. And in an age where the green movement is doing some amazing things, getting on board can be a great move for any business.
Technology Has Helped Reduce Energy Consumption
Businesses have a duty to their customers to be responsible. But this goes beyond simply holding up their end of the deal and providing customers with a great experience – it means leaving a smaller carbon footprint.
A business that is concerned about their impact on the environment is automatically viewed as more trustworthy in the eyes of many. This is especially true among customers who are also concerned about energy efficiency.
But there’s another hidden benefit to reducing waste and curbing energy consumption through green technology in business – it can help reduce costs.
While some may think that it’s hard to implement clean technology because of the cost, this can actually help a business save money in the long-term. It’s called energy efficiency for a good reason!
Virtual Shopping is the Trend of the Future
Even three years ago, two-thirds of all mobile users had carried out transactions on their phones. This is a massive sign for the future, as that number has only increased since then.
The shift toward e-commerce has changed the way people think about shopping. Now online platforms are safer, more reliable, and quicker to deliver what customers need. Businesses can save a lot on costs and minimize wait-times for customers through the use of online payment systems.
Online shopping is also a great tool for upstarts and small businesses to use – when they don’t have the resources to set up locations all around a region, an online store that reaches as far is almost as good.
E-commerce allows companies to maintain a viable presence among competitors even if they can’t match them in terms of physical locations or other aspects of the traditional approach to retail.
Businesses Can Handle Customer Complaints Easier
The angry customer – it’s something anyone who has spent a decent amount of time in business has encountered at some point.
In the past, it was much harder to handle these complaints. While this could, in theory, help a person avoid an angry confrontation, it also meant losing a customer. Too many of these instances can be damaging to the bottom line.
Now there are online chat portals for support, instant email notifications regarding complaints, and many other technologies designed to help with managing customer grievances.
A great approach to handling feedback is to automate it through the popular software portals used today. It’s effective for keeping customers happy and keeping them coming back.
How Technology in Business Will Change the Future
People depend on both technology and business for so many of the things they need, it is no wonder these two fields have crossed over to such a degree.
In the future, it is likely that this continued reliance on technology will grow stronger. Businesses are already seeing the benefits in safety, efficiency, and customer satisfaction. Adopting more cutting-edge tools and breakthrough technologies may seem intimidating at first to some, but it can be very effective for benefitting any business.