© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - The Ever-Shifting Relationship Between Tech & Business Practices
Posted 27th May 2021

The Ever-Shifting Relationship Between Tech & Business Practices

Business and technology go hand in hand nowadays. From large international enterprises to small local businesses, technology has infiltrated just about every aspect of the business world. As consumers become more reliant on their devices to carry out their day-to-day tasks and we become even more connected, the relationship between business and technology will continue to evolve.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

The Ever-Shifting Relationship Between Tech & Business Practices
Business tech

Business and technology go hand in hand nowadays. From large international enterprises to small local businesses, technology has infiltrated just about every aspect of the business world. As consumers become more reliant on their devices to carry out their day-to-day tasks and we become even more connected, the relationship between business and technology will continue to evolve.

Technology has completely transformed the business world in recent years ago. It’s not that long ago that social media was free of advertising, employees punched cards to clock in and consumers were still nervous about buying online. The incredible growth of technology in the last decade or so has allowed many businesses to operate more efficiently than ever before, improve the customer experience, manage their staff with greater ease and offer a new and exciting customer experience.

Let’s take a look at how the technology has impacted business practices and will continue to reshape the business landscape.

 

Staff Management

Modern technology has had a huge impact on staff management procedures. While in the past, employee records would be kept in paper files, stored in rooms crowded with filing cabinets, nowadays specific staff management and scheduling software are used to keep track of employees. Try a free time clock app to see how effective these solutions can be for streamlining your staff management processes.

 

Operational Costs

In years gone by, establishing a company was an expensive venture that required you to lease a commercial space, fit out the space, hire staff and buy all the equipment you needed to operate before you ever thought bout advertising, suppliers or any other business costs. With the advent of e-commerce, many business owners have been able to eliminate virtually all of these costs.

For those companies still operating with heavy overheads, technology and business software can help to automate many tasks that otherwise would need to be handled by additional in-house staff or an expensive third-party provider. Tasks such as payroll, accounting, social media management, logistics and even customer communications can all be automated using technology to streamline your business processes.

 

Information Security

As mentioned above, employee records, along with financial, client, and operational records were typically stored in filing cabinet filled back rooms in offices around the world. While a locked door would keep prying eyes out, it didn’t help if there was a flood, fire or natural disaster that could destroy all of your business records in an instant. With cloud-based storage, business owners can now ensure that their important business records are always kept safe and secure. Using this technology business owners can also access important data from anywhere in the world, 24/7 instead of having to physically visit the business premises.

 

Better Communications

Effective communication has been at the core of successful businesses since the dawn of the capitalist world. While phone, fax and mail were the chosen mediums in the past, they were certainly with limitations. Nowadays, live video conferencing with clients on the other side of the world is possible with the swipe of a finger. You can transfer documents to clients in a few seconds and you can track every aspect of the supply chain with meticulous detail from one end to the next. Technology has connected the world in a way that many people never imagined possible and that influence has been embraced in the business world.

 

As Technology Continues To Evolve So Too Will The Business Landscape

Technology has already changed so much about how we do business. As technology continues to evolve over the coming years, we can expect tech to have even more of an impact on how businesses operate from day-to-day, as well as influencing consumer behaviours and buying trends. Where it will end, who knows, but where the direction tech and business are headed together is definitely exciting.

Categories: Innovation


You Might Also Like
Read Full PostRead - Eye Icon
Mind the Digital Gap
Innovation
18/06/2015Mind the Digital Gap

This viewpoint, written by Thibaut Jacquet-Lagreze, Head of Marketing & Sales HQ, Avaloq, focuses on the finance industry’s requirement to keep up with the digital transformation currently taking place. With the rise of fintechs becoming increasingly apparen

Read Full PostRead - Eye Icon
Big Costs and Plummeting Share Prices Ahead for Companies Hit Hardest by Social Distancing
Finance
21/07/2020Big Costs and Plummeting Share Prices Ahead for Companies Hit Hardest by Social Distancing

This was particularly the case in companies with a strong connection to tourism, whereas, companies in the tech and communications sectors, were found to be hardly affected and will return to pre-COVID levels by early next year.

Read Full PostRead - Eye Icon
Are You Experiencing Flat or Declining Sales?
Finance
04/01/2017Are You Experiencing Flat or Declining Sales?

Flat or declining sales are what many companies and salespeople are facing today. Let’s face the facts - there is a lot of uncertainty right now. All that uncertainty leads to individuals and businesses holding on to their money.

Read Full PostRead - Eye Icon
Fatigue Management Policies: How To Craft Effective Guidelines For Fleet Safety
Corporate Social Responsibility
14/12/2023Fatigue Management Policies: How To Craft Effective Guidelines For Fleet Safety

In the demanding world of fleet management, ensuring the safety and well-being of drivers is paramount. Fatigue, an often-underestimated hazard, poses significant risks to the drivers, public safety, and the company's reputation.

Read Full PostRead - Eye Icon
The Best Practice
Leadership
29/09/2016The Best Practice

Based in Houston, Texas, Tumey L.L.P. now has offices in two different locations, with a second office located in the growing area of The Woodlands/North Houston, but what are the secrets behind the firm’s success?

Read Full PostRead - Eye Icon
Dispute Resolution Elite in Arbitration, China
Legal
01/07/2016Dispute Resolution Elite in Arbitration, China

JT&N has distinguished itself as a leader in multiple areas of legal practice, both international and domestic.

Read Full PostRead - Eye Icon
Spurring Innovation
Innovation
05/06/2018Spurring Innovation

Riverbed provides a fully unified and integrated platform that eliminates trade-offs and helps customers rethink what is possible. We profiled the firm as we looked to discover more about their achievements over the years, which include being selected in the 2

Read Full PostRead - Eye Icon
Switching From Corporation To LLC: 4 Things To Know
Corporate Social Responsibility
25/04/2023Switching From Corporation To LLC: 4 Things To Know

Business goals, partnerships, and management styles can change occasionally. When the directors and executives of an established corporation wish to enjoy a more flexible management style and profit allocation, switching to a limited liability company (LLC) st

Read Full PostRead - Eye Icon
Greek Consumers Fiscal Future Looks Brighter
Finance
04/08/2015Greek Consumers Fiscal Future Looks Brighter

MoneyGram, an international money transfer service, has resumed international money transfers into Greece, offering hope to Greek consumers and businesses.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow