Business technology is mainly focused on communication and information advancement. It involves information getting to its intended audience faster, more efficiently and accurately. Unlike in the past, where office messengers were used, today the magic of the phone and the internet has revolutionized everything.
Info access and sharing
There is easy access and sharing of info stored on a computer rather than that stored on files in the drawers and shelves. Employees and managers can easily conduct a quick meeting via video conferencing and save great deals of time and cost of travelling to a common rendezvous. Managers can easily connect with other managers in other companies, share info, troubleshoot problems and eventually drive the business faster and more efficiently.
Convenient shopping
Buyers can easily place orders or make purchases from your business website from the comfort of their homes without planning for a trip to your shop – a trip less likely to happen. This thus makes you the business owner an instant earner. These are just but a few examples of how technological advancements is charging business growth.
But the great relief comes in discovering how these technologies have helped reduce the cost of doing business, transact more and in effect earn more revenue. That is the whole and main point of technology advancement in the business world.
5 popular technological innovations spurring growth in business
There are a few specific technology based innovations that have helped define the business world. These include:
Internet
Information communication advancement in business based on the internet usage include hosting a website for your business, cloud computing, teleconferencing, internet phone systems like VoIP, sharing of data via computers, recruiting workforce via internet, using the social media and so on. Internet offer businesses a platform to share info and learn from each other, thus enabling budding business gain valuable tips for growth faster and cheaply.
The social media
Though based on the internet, social media is an independent strategy that stimulates business growth. It offers a platform to connect with the customers through advertising on social networks like face book, twitter, LinkedIn and so on. It offers you an easy and cheaper advertising option better than traditional ways of advertising. You only need to adopt effective social media strategies like identifying where your potential customers are to drive traffic to your website.
Mobile apps and mobile websites
These are supposed to target potential customers on phones. It is no doubt that the current mobile phones users access internet on phone regularly than computer users. Developing your own mobile apps and optimizing your website for mobile gives you an edge over other businesses in tapping customers on mobile.
Cloud computing
This offers the interconnection for computers in a locality for instance in an organization. This interconnection enhances quick communication since the interconnected computers display same info for everyone logged in to see. Communication thus becomes easier hence quick service delivery. The end result is satisfied customers who come again and bring more on board.
Cashless transactions
Even if remotely, incorporating cashless transaction to the existing payment methods has spurred business growth. This is because it has ensured even customers who cannot transact on cash can still make purchases from your website using credit cards or phones.
Author bio:
Sophie Morgan is a Passionate blogger and a travellers who loves to share her expereince.presently she working on behalf of phone systems which helps for development of business.
