Technologies introduced every day has changed the way business organizations conduct business. Most small business organizations find it easy to compete with larger organizations through latest technologies. Small business organizations implement business technologies while marketing products to compete with larger organizations.
One of the primary advantage of using latest technology is the cost factor. Through technological advantage back office functions like book keeping and payroll management related accounting work can be done easily. Sensitive business information and consumer details can be secured with technological methods. Most of the software programs are having easy user interface which helps in handling business operations.
Another advantage is the improvement in a communication process. Messaging Apps Emails Websites and personal applications help organizations in improving communication within the company and among consumers. Several Social Media Platforms also helps to communicate with customers through their medium. Getting feedback is also easy through technological advances which are almost in real time.
The productivity of the employees can also be improved through technology. More information can be saved and referred by employees with the use of technologies which increases the productivity factors. Technological advances also can be used in the reduction of manual labour and working hours. The amount saved through technological advances can be used for employee benefits and improvement in the working environment.