The Impact of Technology in the Business World

631 Words Feb 24th, 2018 2 Pages
The companies today use technology in almost every facet of its operation. The innovation has brought great benefits to the business world. It has allowed us to modify the way that the necessary tasks are performed to create value through the provision of goods or services.
This changes have praised and critizaced by many experts of the business field, but we cannot deny the importance of every single one of them. It is true that is not perfect and that is has many pros and cons, but through the years we are going to be able to improve and upgrade the system and the technology.
The tasks that technology has helped the business world to improve performance, can be grouped as follows:
• Collection and storage of large amounts of data.
• Fast information processing.
• Relationship and data extraction, according to a given principle.
• Automating tasks before performed by persons or animals.
• Distance communication, managing data and connect people to each other.
Using new connections offered by changes in technology, companies now can keep their clients updated with the latest information and news. You can also use this access to carry out research on the tastes of customers, leading to faster business development. Many businesses are already using social networking tools like Facebook, Twitter, LinkedIn, and Instagram to…