Technology has forever changed the way people conduct business, especially where the flow of information is concerned. Some examples include: Internet access and web applications that allow companies to capture and share globally based information quickly and efficiently; wireless technologies that allow executives to increase communication and efficiency; and computer networking hardware that allows company based information to flow freely and efficiently.
The Internet makes it possible to share all kinds of information, and for companies to sell goods and services outside of their geographic location. It has enabled cost savings for small firms by enabling workers to access internal documents and applications from a remote location, for manufacturing companies to outsource production, and for large companies to move back-end functions, like data processing and human resources to business service centers overseas. And, of course, email allows executives to exchange information with vendors and suppliers in real time.
In 2005, telecommunications companies were just starting to roll out widespread 3G technology (short for third generation). With the advent of inexpensive wireless broadband networks, businesses throughout the world are able to afford the use of mobile devices and applications for a whole range of functions, such as tracking workers in the field, completing work orders on location and communicating with sales agents. Wireless technology also makes it easier for consumers to shop, pay bills and receive information from selected businesses about ongoing promotions. The use of wireless broadband networks and wireless applications has yet to reach critical mass, and will continue to change the way people conduct business as its limits are pushed and new uses are employed.
Businesses that use more than one computer, which today is a majority of companies, benefit from operating a network in order to share files, applications, information, Internet connections and communications. Networking computers together also allows for data protection, collaboration between individuals and better organization, among other uses. Computer networks allow people to share data at unprecedented levels, which has streamlined operations, cut down on costs and increased efficiency at all levels of operation, whether its a small business or a worldwide conglomerate. This sharing of information has forever changed the way business is conducted around the world.