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