Technology's Influence on Society

Technology Influence

Technology’s Influence on Society

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Technology’s Influence on Society

Technology has ushered in a new age of information. With the introduction of the personal computer and the World Wide Web technological advancements began to appear rapidly. Technology simplifies many functions in society but it has also forever changed how people communicate, how people are entertained, and how social bonds are formed. While every aspect in society has been impacted by new technology, the business has been the most impacted. Due to new technology businesses are able to speed up productivity, can sell and outsource to a global market and most importantly technology has improved communication capabilities.

There are many different new technologies that have improved every aspect of the business environment. The new technological age is known as the Information Age due to the readily available information provided through new communication methods. The personal computer and the internet afforded an amazing opportunity to communicate with people across the globe (McGrath, 2013). Suddenly businesses were not confined to only selling their product or service to consumers in their immediate vicinity but could use the internet to market and sell their product to anyone on the globe with a computer.

The internet allows the business to establish an online market in which to sell their product or to use the internet to communicate with markets across the globe. No longer does the business need to be concerned with long distance calls or communicating with foreign markets via a conference telephone line. Now the business can establish foreign locales without fear of communication issues delaying business. Technology allows for face to face communications even when the people involved are in different countries (Williams, 2010). As a result businesses have increased their size and consumer market by opening businesses across the globe.

Businesses have been able to improve productivity through new technologies new machinery and computerized functions. These new machines do not require as much human interaction which also reduces labor costs for the business and increases the amount of product the business can produce. The risk of relying on technology for productivity is the potential of technology failure. If the technology fails there could be major interruptions in business causing profitability issues. New technology has also improved productivity by reducing the amount of physical work required by the worker allowing them to be even more productive than in the past.

Businesses can now sell to a global market which increases profits and increase the consumer market. Technology has also allowed for businesses to outsource labor to people in countries that do not have the same rigid requirements and high labor costs that are found in the United States (Williams, 2010). Instead of paying large prices to workers in the businesses home country, the business can instead send the labor to a country where the labor costs will be much lower. While this gives the business a great opportunity to make more money it can create a hardship for workers in the nation were the business originates. Outsourcing is controversial, especially in American society, but it is a credible way for a business to improve productivity and to save money on the high cost of labor.

Technology has forever changed how the business will conduct business and make money. Businesses now have computerized files and simplified communications methods and forever changed how products are marketed, advertized, and sold to the consumer. Through technology small businesses can thrive and large business can become bigger and more profitable.

References

McGrath, J. (2013). How has technology changed the way we conduct business? Retrieved

October 7, 2014 from http://money.howstuffworks.com/technology-changed-business2

Williams, O. (2010). How Does Technology Influence Business? Retrieved October 7, 2014

from http://science.opposingviews.com/technology-influence-business-1701.html