Business in the Age of Information

For every new discovery in technology, there is always a price to pay.

It is evident that now is not the age of manual labor. Businessmen of today are exploring technology and the use of computers and robotics to replace whatever they can with automation.

Machines have always been lurking around the corner waiting for the right engineer, the right scientist, waiting for their time in the industry. And now they have it.

Big manufacturing companies have already started replacing human effort with machine work. Yes, the presence of manual labor is subsisting but is not in demand as it was before.

Let’s date back to the simplest machines that were built to reduce manual labor.

Sewing machines. A sewing machine can finish sewing a pair of pants in less than 15 minutes; like ten times faster than a man with a pair of hands.

Calculators. A few pushes on the button gives you the arithmetic result in less than a second.

But what about today’s technology that are making a huge impact on the way businesses run their day to day transactions? These are called business technology systems.

An accounting software can replace the task of hundreds of employees. A data management tool can replace thousands. A simple telephone call saves the business a lot of time compared the snail mail system.

Machines work faster than humans; they work more accurately than humans, they require less time and they require less maintenance.

business-industry

The industrial age has ended and it is now the age of information. Businesses that are trying to survive every day with the mindset of being in the industrial age are not going to make it.

The rising economic problem is continuously spreading globally; and with a speed faster than the attempts to solve them, we are leaning towards an economy of jobless fresh graduates—or worse, disappearing opportunities, shut down companies.

So for every business that is currently holding on, we hope they keep being at par with business technologies and hopefully operate long enough to provide more opportunities.

Change of Technology, Changes in Business

business-technology

How does technology help businesses? In two words, the answer is: reduce costs.

Technology helps businesses automate some of the basic functions that run a business, such as accounting and payroll, record keeping, and other back office functions. Technology helps reduce labor costs and increase productivity.

It is easier to maintain a machine than take care of a laborer. Plus, machines are loyal, they never complain and they are bounded by the rules set by their programmers. Machines only do what they are tasked to do, with no questions asked.

Another important role of technology in business is that it provides security to business processes and information. Business owners rely on technology for maintaining both business or consumer information. It allows a business to create levels of security that does not need a lot of space; not your office space, and definitely not your building’s.

Technology has also changed the way business communicates to the public. As advertising and marketing companies note: television and telephony methods have come to almost cease. Social media advertising and marketing is rising. Ads printing is produced and distributed digitally. Advertising and marketing costs are reduced, too.

As technology aims to aid everything to move faster, information is moving faster, and so does communication. It takes less than a second to send an email from one account to another, to a remote locations miles away from company premises. It takes one click or one slide to make or take a call. And it takes one push on the button to open your business from your laptop.

This is obvious now. Businesses are conducted over laptops and other portable communication devices. Making online transactions such as orders and payments can be easily done over the internet. Get a computer and get online, and there you have it, your means to close your business transactions on a regular basis.