Technology in a changing business world

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Technology in a changing business world

Just look around you and you'll see how wired we are. Thanks to the Internetvirtually anything you desire can be delivered to your door in a matter of days.

Technology in a changing business world

Personal information is more accessible over the Internet as well -- you can look up everything from a long-lost cousin to the registered sex offenders in your neighborhood. You can even trade stocks or file taxes online.

Parents don't need to lose sleep waiting for their teenage daughter to come home -- they can just call her cell phoneor send an unobtrusive text, to check up.

But as much as our personal lives have changed, the business world has revolutionized almost beyond recognition in the past few decades.

Why is Technology Important in Business? |

Technology -- and we mean the advances in communication and information technology -- has changed the face and the pace of business.

As communication and information travels faster and faster, the world seems smaller and smaller, and this has large implications for the way we conduct business. Storing important in files on a computer rather than in drawers, for instance, has made information easily accessible.

Using e-mail allows businesses to communicate and send these files quickly to remote locations outside of an office. Many argue technology has blurred the line between professional and private lives. Wireless Internetcell phones and BlackBerries have made it easy to work from home -- or for that matter, from the beach.

The fact that it's easy to work from the beach compels people to do so. On the flip side, people also feel compelled to use Internet access at work for personal reasons. In this way, technology allows workaholics to work and slackers to slack.

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So, exactly how has technology changed the way we do business? In countless ways, but we'll highlight the major ones on the next page.Globally, the corporate world is coming up with ways to stay better connected with company stakeholders, while minimising the use of paper.

Indian Railways, one of the most extensive railways network in the world, used technology seamlessly for its booking process, giving the consumers a world change of how the whole thing worked until the s.

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Accenture Strategy