Business and Technology – Key Innovations

Business and technology have gone along hand in hand for some time now. But what are some of the key innovations over the past few years which have really impacted the way we do business?

Cellular Phones. This has had a significant impact on business. It has enabled real time communications across the street or across the globe. Businessmen can stay in touch with their customers or suppliers very easily and immediately. There has been a significant shift in how we do business with this innovation.

Fax Machines. This was an earlier innovation but it helped to enhance communication significantly. Faxes were and still are a very common way for businesses to communicate with each other. In addition it has made a tremendous difference in how we send information containing signatures. This was a very common way to send applications for financial related transactions since the signature could get scanned and transmitted along with the form.

Computers. This innovation alone has had probably the most significant impact on business. It has enabled virtually anyone to utilize powerful processing methods to perform calculations which otherwise would be extremely tedious and time consuming if done manually. This has had a major impact on accounting functions, payroll, and most other administrative tasks.

In addition the emergence of graphics related programs has enabled the average user to create stunning marketing pieces which would have otherwise required professional designers. This made it possible to create effective marketing pieces quickly and easily and helped to enhance the marketing effectiveness of small and medium sized businesses.

There are many other applications which now rely on computer technology and which has greatly enhanced the effectiveness of particular functions involved. This includes things like design drafting. Through computer technology, much more complex designs can be created and engineers now have the ability to move from design directly to production.

This greatly enhances and speeds up the development process and can save a great deal of time and money in producing new products.

The Internet. This has had probably the most profound impact on business. It has made global communication on an instantaneous and ultra low cost basis possible. Information can now be transmitted worldwide quickly and easily. Almost anyone anywhere can obtain almost as much information as desired on an almost limitless basis.

The advent of sophisticated search engines makes this possible. Also the development of websites has created the ability for businesses to market themselves to a worldwide audience. It is now possible to promote your business to anyone anywhere for virtually no cost.

So anyone can now create a worldwide presence for their products and services and greatly enhance their ability to develop new customers and business. The impact involved is significant and far reaching. It will continue to impact our everyday lives and change the way that business functions significantly.