Over the past couple of decades, advancements in technology have revolutionised the business world. With the potential to bolster productivity and efficiency, many companies have been quick to embrace these new technological developments in order to to improve business performance and gain a competitive edge. Here’s a look at how technology has transformed the way we do business.
With the added flexibility to work from any location, workforces can be far more productive when away from the office. Work teams, clients and partners no longer need to rely on face-to-face interaction to do business. Cloud computing has made it easy for companies to establish a mobile workforce, providing cloud-based access to data, desktops and apps. As long as employees have an internet connection and a web-enabled device, they can work from home, on public transport, or from any location around the world. The best cloud computing providers store data across multiple cloud platforms to ensure the highest levels of safety.
Today, most business partnerships and collaborations depend upon technology. Cloud computing, video conferences and other virtual office technology have allowed organisations from around the world to connect with each other more easily. Business collaboration is no longer restricted to boardroom meetings – now, employees can sync up and work together from any location, at any time. Not only has this made global partnerships much more feasible, it has also enabled businesses to expand their customer base.
With the help of cloud computing and apps, it’s now easy for firms to store their important files and documents in one place and share access with others when required. Long gone are the days of having to wait a week to receive a document via mail – now, information can be transferred immediately through virtual sharing platforms. Because of email and instant messaging, as well as the ability to access work from mobile devices such as smartphones and tablets, companies can meet business demands more quickly and effectively.
In the past, files and documents were vulnerable to threats, such as floods, fires, theft and hardware failure. Now, internet-hosted backup has increased business security and minimised the risk of downtime, making the physical office less important than it used to be. As data can now be stored on remote platforms, workers can still access their work and continue with their tasks even if the office is unusable.
Internet-enabled technology has also made business operations far more cost-effective, allowing firms to up or downscale their systems instantly. Companies no longer have to risk forking out for specialist staff or investing in software that exceeds or falls short if their needs change, which is particularly beneficial for small, growing businesses.