Technology has come in the form of a blessing for us all in many ways. And if at all we see which sector has hogged and made most of the technology, it is definitely the commercial sector. Facts, figures, research reports and a host of examples are proof that businesses have thrived since the inception and amalgamation of varied aspects of the commercial sector with technology. How exactly have businesses benefited from technology? Let’s have a quick look:
Benefits irrespective of size:
No matter what the size of the business is, technology does play an essential role in it. The best part is that the current age technology is such that any and every business firm – big or small in size, less or more in capital invested or workforce – has easy and ample accessibility to technological aids that help them to establish their grounds and grow efficiently and quickly.
No longer do businesses have to incur unnecessary labor costs by hiring staff for purposes and tasks that can be easily handled by softwares. Nowadays softwares have been developed for the smallest of businesses function, making the functioning of a company a lot smoother and efficient. Need to manage your accounts and payroll – there’s a software for that too. Need to file returns? Software is the answer! Life’s a lot easier with the presence of these software- not forgetting the fact that the labor costs are cut down by a great deal!
No longer do businesses have to hire professionals whose skill sets they require. The best part about freelancing is that a host of skilled people are out there on freelancing platforms – you have just to browse through and choose them for whatever service you require. The services of these freelancers come in handy as they don’t cost as much as professionals do. Also, freelancing works vice-versa for businesses too – if you have just started out as a firm and are looking up for a client, signing up on freelancing platforms will give you that exposure immediately.
The biggest problem that business would face early on was advertising – how to get people to know about their products and services? This would pose as a big question in front of them all. But now, with the social media era, this task is sorted with one mouse click! The ‘world is one city’ is not only because of globalization but also because of the incidental rise of social media apps and sites.