Technology Our modern day business benefits immensely from technology applications. A lot of benefit which includes how effective, faster and more easier it is today to communicate. Fore example, in those days, it was difficult to post a letter in a traditional post office and get the letter deliver the same hour to the destination. But, today, with a click of a mouse, you send a letter from your email box and it gets the recipient in seconds. That is the wonder of technology.
The next is that manufacturers now enjoys more creative, efficient and better techniques of production. With the advent of technology, wastage is reduced ti the barest minimum . Technology in form of software development has helped in ordering system and stock management efficiently.
Various innovative approaches were developed through technology. Aggressive marketing and promotion are now more effective than it use to be. Many new channels of sales avenues are now possible.
However, Technology other side of coin includes, *Individual; and business now rely on technology to do even some task that would ordinarily handled by manual skill are now taken over by software. And robot, thereby reducing manpower drastically, giving room for over dependency on technology.
Another point is when it comes to upgrading to latest technology , especially for a small business, the cost is usually too high to afford. With the use of technology, there is an increase risk of job cuts and ultimate job loss. Today, if you go online, you have e-commerce websites replacing the traditional street stores. The fear of security risk with regards to data and fraud is the begining of wisdom, thanks to technology. Because software expires as businesses grow or expands, updating the software are necessary. Technology is not a human brain and mind, so, the bad side is that when it develops fault, it can immediately put business operation to a stand still.
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Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Saliu Emmanuel.