Impact of Technology on Modern Day Business

The impact of technology in the workspace has revolutionized the way companies conduct business. The exponential increase in the rate of production and speed at which a business operates has been alarming.

Back in the 90s, before technology took full impact on our world, people always had to be at work – there was nothing like working remotely, communication was very slow, it was a lot of paperwork with Tipp-Ex coming to the rescue when there is a mistake. 

With the aid of technology, small businesses now level with bigger businesses in the digital space. 

The benefits technology provided to the workspace are mentioned below;

1. Lesser operational cost
2. Secured information
3. Improved communication process
4. Increased employee productivity
5. Broaden customer base.

Lesser operational cost

Gone are those days where we have no tracking means, business owners now use tracking devices or software to keep record of business activities. For example, a fleet manager can use a Fuel Management System to track fuel usage of the commercial vehicles given to his driver, or even use GPS to monitor the location and movement of the vehicle. 

With this accountability is achievable, leaving no room for theft or manipulation.

Secured information

Back in the days, office secretaries used to stockpile a large amount of file on their desk; most times these files contains customers and company’s information. Displaying such information on an office desk exposes it to anyone that has access to the office facility, which is not safe. 

Technology has devised user-friendly software programs that allow individuals and corporate organization to store information. The stored information is only accessible to people the information administrator decide to share it with, thus, it is safe.

Improved communication process

I am sure we have all heard how they used to walk from one story building to another in organizations just to pass information that would have easily been passed across via a phone call, email, application or text message. 

Now, we have various channels that improve the communication process within and outside an organization

Increased employee productivity

Over the years, employee productivity has advanced due to technological software that makes them able to receive, process and store work-related information better than the manual way. Examples are computer, mobile applications and so much more.

Broaden customer base

Technology advancement has created a digital space for everyone. Both small and large businesses leverage the digital platform to source for new clients, hear from exciting clients on how to improve their service and remarket there brand to them. 

While the digital revolution has undeniably made the business world easy as stated above, there are still a couple of T’s to cross. 

The COVID-19 outbreak brought about some change in the modern workforce, business owners are now opting for a more flexible work arrangement like hiring freelancers.

Freelancing is a contract-based profession where instead of being recruited in an organization, the person uses his/her skills and experience to provide services to a number of clients.

Simply put, you can use your skills, education and experience to work with multiple clients and get paid.

Right now, you’re probably asking yourself “why should I hire a freelancer”. In regulating your financial spend, hiring a freelancer might be the best option for you.

Here are excellent reasons why freelancers should be your next investment.

1. You only pay for the job done

2. You don’t pay for additional expenses like tax, health insurance, gratitude, e.t.c

3. You get access to top tier talent (you can check out Fiverr, they have the best freelancers) 

4. They are more efficient because they are already professionals.

Fiverr connects business owners with freelancers, they offer over 300 job categories.

The good part of it is that it is available for every appropriate budget, you can get your job done efficiently, you have 24 hours of support 7 days a week and a secured payment method.

Originally posted on February 26, 2021 @ 12:45 am