Download - Use of Technology in business
Use of Technology in Business
Slide include
• Introduction • Importance of technology in business• Application• Advantages• Disadvantages• Conclusion
What is technology??
• Technology is a tools or machines that makes our works or life easy.
• Example Computer, Printer, Internet, telephone etc
What is business??
• An organization or firm involved in the trade of goods or service or both to the customers.
Technology and Business
• Important to the every part of the business, Business planning, marketing, communicating etc.
• Information technology is most used technology
• Most of business conducted over computer or communication device
Use of technology in business
• Production• Marketing• Communication• Business over internet• Business Globalization• Human resource management• Secure business data & information• Research and Development
Production
• Use computer and other automation system to increase production
• Maintain quality
Marketing
• Technology changes way of marketing• Email marketing• Online marketing• Mobile market• Marketing over social media:
• facebook• twitter
Communication
• Used within organization• Between organization and client
Business over internet
• E-Business• Term first used by IBM in October 1997• Conducting business over internet
• E-Commerce• Dealing with buying and selling of product
• E-Banking• Perform virtual banking operation eg. Bill payment
service, fund transfer etc• Others
• E-Ticketing, E-shopping etc
Business Globalization
• Technology makes easy• Example ebay, amazon etc
Human Resource Management
• Payroll• Appraisal System• Schedule
Secure Business Data
• Information can be store in various place
Research and Development
• To know customer want• Develop business according to customers
need
Advantages
• Production• Improves communication• Improves human resource management• Scalability • Save time• Business process transformation• Better organization and client relationship• Development of business
Disadvantages
• It’s risky• Distraction at work• High maintenance cost• Makes employee lazy• Affects workplace relationship
Conclusion
• Technology is part of life• Companies need to think which
technology is better for organization
Thank You