Technology Advancement

in The Business World

by Mark Lawrence Guzman

What is Technology?

The application of scientific knowledge for practical purposes, esp. in industry. Machinery and equipment developed from such scientific knowledge. refers to the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, and methods of organization, in order to solve a problem, improve a preexisting solution to a problem, achieve a goal, handle an applied input/output relation or perform a specific function.

Basic Roles of Technology in Business

1.Efficiency and Cost-effectiveness
- Productivity increases when business processing tasks can be automated. With technology, business goals are achieved in speedy and efficient means, as aid in human labor limitations.
- Technology also allows business to perform more at less cost to resources.

2. Business Operations and Strategies

- Managers and Executives are able to come up with better business decisions and strategies in achieving the organization's goals through the aids of technology. - Computer programs such as Office applications, AutoCAD, design-rendering softwares, and databases allow better work operations.

Basic Roles of Technology in Business

3. Marketing
- Businesses can use the Internet to broaden their markets and reach new customers. Companies can the web to introduce their products and services, and develop a strong customer base through speedy and accessible support channels.

4. Security and Organization

- Technology allows better organization and security of company's valuable information and assets. Digitized information improves our ability to preserve and protect data, and also promotes easier access for everyone.

Basic Roles of Technology in Business

5 .Communication
- Remote desktop and computing abilities create the opportunity for information workers to telecommute.

- This allows businesses to address a variety of concerns including the need for less office space, reduction in commuting expenses, allowing employees the flexibility to deal with various family circumstances and more.

- Technology enabled the possibility of complex business structures that demand high level needs for communication. e.g., BPOs, delivery services, teleconferencing, etc.

Technology Advancement
1. The Pre-PC Era 2. The PC Era 3. The Post-PC Era

*PC = Personal Computer

The Pre-PC Era

1876 Telephone. Alexander Graham Bell

1937 Xerography pioneered by New York prelaw student. First Xerox image in 1938.

1896 - Guglielmo Marcroni pioneers wireless telegraphy.

1387 AD -The Abacus 1860 Invention of the Typewriter. 1887 - First accurate multicolumn calculating machine to be operated entirely by keys.

1950s - The Harwell computer: considered as the first full functioning computing device. .

1927Television, first successful demonstration in the USA.

The PC Era
in Business

Databases and information portals

Biometrics and Security devices

Tailor-made programs for business operations

Virtual training and e-learning

Presentations and word processing

Online Hiring and other Human Resource operations

Email, teleconferencing, LAN, and other advance communication mediums

The Post-PC Era

This era is characterized by the continuous attempt of inventors and innovators to produce single and unified devices that will serve all possible computing needs, with mobility and efficiency in mind to compliment the fast phasing of the modern life.

The Paradigm Shift

in Technology and Business

Paradigm Shift: Technology

The

New

Promise

of

information

by Don Tapscott and Art Caston (1994 Issue)

- Information and information technology (IT) are at the heart of corporate reinvention and rebirth. Understanding the technology paradigm shift is therefore becoming a precondition for business success - Today however, technology has moved to the front line in most organizations. It has become "strategic" in the sense that it is a necessary component in the execution of a business strategy. - The paradigm shift is fundamental change in just about everything regarding the technology itself and its application to business.

The Paradigm Shift

in Technology and Business
The new technology paradigm parallels the new enterprise

Before: Technology is merely supplementary to business progress

Technology advancement

Business Growth

Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other - Bill Gates

Now: Technology equates to the success of a business

The Paradigm Shift

in Technology and Business

Organizations which do not make this (technology) transition will fail. They will become irrelevant or cease to exist. - Don Tapscott

It has become appallingly obvious that our technology has exceeded our humanity. - Albert Einstein

We are all just prisoners here, of our own device - Eagles

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