How Technology Is Changing Business For The Better

Indian Business Blog featuring on Business, Technology and Education
Written by Harshad Patankar

As humans, we don’t like change. It happens around us all of the time yet we still resist it like the plague. The funny thing is that we only hold ourselves back. Change is good; we only have to look at the business industry to see that statement is true. Nowadays, the business sector is completely removed from where it used to be, and that is a good thing. Okay, so some people aren’t as convinced by the last statement as others. So for all the Doubting Thomases, just take a look at the reasons outlined below and prepare for a change of mind.

More Competition

A lot of people think that more competition is a bad thing. Well, the opposite is true. A lack of competition is a bad thing because it provides businesses with a false sense of security. Just imagine if we all went to work and new we could never be fired. We would hardly work as hard as possible because we knew we were safe. The same goes for businesses. Thanks to the internet, businesses of all shapes and sizes have to look over their shoulders. And, it is forcing them to become better. The good thing about competition is that it can’t allow businesses to be lazy, which in turn is good for the industry.

Higher Productivity

What is the knock-on effect of the above? The knock-on effect is that businesses start to work harder. As they work harder, they produce more and become more efficient. That means they get through more work, sell more products, and are far more organised than ever before. In terms of a human being, we would kill for all of these attributes. Businesses now have them in abundance because of a healthy dose of fear. Plus, technology is an effective way of structuring a business to succeed. There is a plethora of software on the market that can help any company perform to a high level.

RELATED:  One step backward : Myntra to re-launch mobile website

Less Rigid

Why do we put so much emphasis on flexibility in the business sector? The truth is that we do, but we have good reasons. A flexible company is much more likely to concede and here’s why: they can react. Businesses that are old school are stuck in their ways. They do things they way they have always been done and they don’t see the need to change. A modern business understands that a lot can be done with the help of a mobile credit card reader and a laptop. Whatever the problem, a flexible business can adapt and continue to thrive. Without the help of recent tech developments, this would be the case.

Cheaper Business

Running a business has never been cheaper. Okay, it is still a costly venture but the cost has plummeted in recent years. The culprit is the technology that allows businesses to cut costs while not losing quality. We can now start a business with far fewer funds thanks to software programs that do the jobs of several people. The programs are a lot cheaper and so a lot of money is saved.

Technology has and will continue to change business in the future, and that is a good thing for everyone in the industry.

"How Technology Is Changing Business For The Better", 5 out of 5 based on 1 ratings.

About the author

Harshad Patankar

My name is Harshad Patankar and I am the chief blogger at BumbleBeeHub Blog and where I like to share my internet/tech experience along with some fascinating updates around the Business, Technology, Education and Government sectos with my online readers on this website. You can read more about me at my About Page. You can follow me on Twitter, Facebook & Google