Technology Has Turned the Business World On Its Head

Technology Has Turned the Business World On Its Head

Nowadays, technology dominates almost every aspect of our lives. From the way we communicate with each other, to how we access and consume information about the world around us, we’re more dependent on tech than ever. That’s also true for the ways that we do business, too. Over the last few decades, the business world has been transformed. Advances in technology open up new possibilities and opportunities for businesses all over the world.

The world has become a lot smaller
Think back (if you can!!!) to the business world of the 1970s and 1980s, and there are probably two big pieces of tech that come to mind: the photocopier and the fax machine. In those days, entire companies revolved around these tools to transmit information to each other. You either sent something in the post, or you transmitted it via fax, page by painstaking page. Nowadays, though, that same info can be sent to the other side of the planet in the blink of an eye. As well as being a remarkable technological achievement, in practice, this means that our world has become a whole lot smaller. It’s easy to communicate with international clients and partners, and companies like accountancy and design firms can even complete entire projects digitally, without ever meeting their customers.

Workers are no longer chained to their desks
In the era of cloud computing, employees no longer have to be at their desk to carry out their work. Instead, remote access to systems and software allows them to work on the go or from home when necessary, which is dramatically cutting down on wasted time. It also opens up more opportunities for collaboration between employees, since they can work together in real-time without having to actually be in the same room. This helps to complete projects in far less time, and it also means that other team members can drop in and out to offer their specialist knowledge and skills. Which brings us on to our next point…

A new era of outsourcing
Once upon a time, outsourcing meant putting your trust in a third-party to complete a task from beginning to end with very little feedback on your part. Now, though, the technology is there for outsourcers to effectively form another arm of your core team, and provide their results in real-time. Virtually any task can be outsourced, from continual admin work to taking on an extra team member for those all-important projects. What’s more, as a cost-effective solution, businesses could save up to 70% on such work- and when you take the extra productivity that your employees can achieve into account, it’s clear that outsourcing is a great choice for many companies.

Analytics help you stay in the loop at all times
To stay fully up to date with customer demands and business needs, companies need access to in-depth data. Luckily, the rise of technology means that analytics are now easily accessible. Data can be collected in so many different ways, from web cookies to apps and feedback forms, allowing you to put together an accurate picture of consumer trends and requirements. Best of all, that data can then be easily shared across your entire company with ease, so that everyone is able to pull together to achieve the best results.

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