Did you know? Technology.

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Importance of Technology in Business

Technology plays a vital role in business. Over the years businesses have become dependent on technology so much so that if we were to take away that technology virtually all business operations around the globe would come to a grinding halt. Almost all businesses and industries around the world are using computers ranging from the most basic to the most complex of operations.
Technology played a key role in the growth of commerce and trade around the world. It is true that we have been doing business since time immemorial, long before there were computers; starting from the simple concept of barter trade when the concept of a currency was not yet introduced but trade and commerce was still slow up until the point when the computer revolution changed everything. Almost all businesses are dependent on technology on all levels from research and development, production and all the way to delivery. Small to large scale enterprises depend on computers to help them with their business needs ranging from Point of Sales systems, information management systems capable of handling all kinds of information such as employee profile, client profile, accounting and tracking, automation systems for use in large scale production of commodities, package sorting, assembly lines, all the way to marketing and communications. It doesn't end there, all these commodities also need to be transported by sea, land, and air. Just to transport your commodities by land already requires the use of multiple systems to allow for fast, efficient and safe transportation of commodities.
Without this technology the idea of globalization wouldn't have become a reality. Now all enterprises have the potential to go international through the use of the internet. If your business has a website, that marketing tool will allow your business to reach clients across thousands of miles with just a click of a button. This would not be possible without the internet. Technology allowed businesses to grow and expand in ways never thought possible.
The role that technology plays for the business sector cannot be taken for granted. If we were to take away that technology trade and commerce around the world will come to a standstill and the global economy would collapse. It is nearly impossible for one to conduct business without the aid of technology in one form or another. Almost every aspect of business is heavily influenced by technology. Technology has become very important that it has become a huge industry itself from computer hardware manufacturing, to software design and development, and robotics. Technology has become a billion dollar industry for a number of individuals.
The next time you browse a website to purchase or swipe a credit card to pay for something you just bought, try to imagine how that particular purchase would have happened if it were to take place without the aid of modern technology. That could prove to be a bit difficult to imagine. Without all the technology that we are enjoying now it would be like living in the 60's again. No computers, no cellular phones, no internet. That is how important technology is in business.

what is technology?

Technology is the usage and knowledge of tools, techniques, crafts, systems or methods of organization in order to solve a problem or serve some purpose. The word technology comes from Greek τεχνολογίατέχνη (téchnē), meaning "art, skill, craft", and -λογία (-logía), meaning "study of-".^[1]construction technology, medical technology, and information technology. The term can either be applied generally or to specific areas: examples include (technología); from

Technologies significantly affect human as well as other animal species' ability to control and adapt to their natural environments. The human species' use of technology began with the conversion of natural resources into simple tools. The prehistorical discovery of the ability to control fire increased the available sources of food and the invention of the wheel helped humans in travelling in and controlling their environment. Recent technological developments, including the printing press, the telephone, and the Internet, have lessened physical barriers to communication and allowed humans to interact freely on a global scale. However, not all technology has been used for peaceful purposes; the development of weapons of ever-increasing destructive power has progressed throughout history, from clubsnuclear weapons. to

Technology has affected society and its surroundings in a number of ways. In many societies, technology has helped develop more advanced economies (including today's global economy) and has allowed the rise of a leisure class. Many technological processes produce unwanted by-products, known as pollution, and deplete natural resources, to the detriment of the Earthenvironment. Various implementations of technology influence the values of a society and new technology often raises new ethical questions. Examples include the rise of the notion of efficiency in terms of human productivity, a term originally applied only to machines, and the challenge of traditional norms. and its

Philosophical debates have arisen over the present and future use of technology in society, with disagreements over whether technology improves the human condition or worsens it. Neo-Luddism, anarcho-primitivism, and similar movements criticise the pervasiveness of technology in the modern world, opining that it harms the environment and alienates people; proponents of ideologies such as transhumanism and techno-progressivismprimates and certain dolphin communities have developed simple tools and learned to pass their knowledge to other generations. view continued technological progress as beneficial to society and the human condition. Indeed, until recently, it was believed that the development of technology was restricted only to human beings, but recent scientific studies indicate that other

Business Technology and Innovation

The United States economy has experienced a dramatic shift away from manufacturing toward high end service industries such as law, accounting, and financials. As Americans move from factories into office buildings, there is a growing need for innovation in the way business operates at both the corporate management and the local office level.
The United States Senate has continued to encourage investment in infrastructure and training to help produce a high tech workforce. Technology oriented grants are available to assist workers in obtaining the training and education necessary to manage the growing challenges encountered in today’s job market.
There have been many important new developments in business technology. Business method patents are available to provide intellectual property rights for the development of business innovation that creates value and leads to economic success. Computer based software algorithms for handling complex financial transactions can be patented and the property rights may be assigned.
As the complexities and demands of management increase, it is important to maintain focus on the goal of ensuring American success for the next generation. It is important to maintain programs in basic research, education, and training in computers and the internet. In order to remain on the cutting edge, we must also investigate new ways to apply knowledge from other disciplines such as economics and finance to make new advances in the development of business technology.

TECHNOLOGY

Many people see technology as a solution to some of the problems that exist on our planet. It’s true that technology can be used for good, but with new developments come new challenges issues. The digital divide is one such issue, one that people are actively trying to overcome. Telecentres aim to bridge the digital divide by providing people access and knowledge about information technologies. A global telecentre movement is growing right now. Unfortunately, even where computer facilities are readily available, the digital divide persists—even in the world's most wealthy countries, access to the latest and most beneficial technologies is limited for those in rural areas and people with disabilities.

There are many other issues to consider when talking about ICTs and their role in our lives, beyond the digital divide and universal accessibility. The internet has created new and innovative ways for people to shape and share their identity, and express themselves. However, to some people, the internet can appear to be a modern day “wild west,” or something to fear. The rise of online social networking, shopping, and other online interactions that ask people to share a large amount of personal information have led to a number of risks that every internet user needs to bear in mind.

The internet may looked uncontrolled; however, telecommunication companies and governments around the world own the infrastructure behind the internet, and different governments and companies are asserting that ownership in different ways. No sole entity controls the internet, which is making the concept of internet governance or the uniform application of rules a very complicated issue.

However, these are not the only observations to be made. Recently, many advances in mobile media and technology have been made, creating a new world of possibilities. Our challenge is to figure out how to use technology - both the existing and the emerging - for good, and how to assure its access and use in the most democratic way possible.

sources : http://issues.tigweb.org/technology