In the 21st century, the way how businesses operate and how they are conducted have completely changed, all thanks to technology. For example, not so long ago,  paper forms were all that many businesses used to communicate but cutting-edge technology has made it really convenient for the business to operate at a level that was never imagined before. Now, technology is improving by leaps and bounds and so are the businesses that are enhancing their limits along with the continuously evolving tech world. This essay weighs pros and cons of technology in the business world.

Advantages of technology in business

The online marketing world

Technology enables various companies to expand their business in this online world. Earlier, expanding your horizons worldwide was not easy but now it is just one click away. All you have to do is invest some money online and run advertisements to promote your business on different websites. Even if you do not want to spend your money initially but want to reach an adequate number of customers for your business, Facebook, Twitter and Instagram let you do that in no time with almost zero investment. Isn’t it amazing?

Recruitment process

Technology has made the complex and time taking process of hiring the staff really simple and quick. Many websites and social networking sites can assist the business owners to recruit a skilled person that meets your requirements. Online interviews are now happening online. In this digital world, publishing jobs is very easy. For example, If you have a vacant place in your organisation, you can place a job advertisement on your website, followed by sorting out CVs of all the applicants for that job. In no time, your perfect employee can be on board with you.

Business Collaborations

The high tech world has made various businesses collaborate with one another and touch new dimensions in their realms. Various online portals allow businesses to communicate and collaborate and with the help of each other, they can touch new heights in their business acumen.

Well-connected workforce

Technology has provided the large business a gift that is cloud storage on wireless internet access. With these, company;s programs, information or resources can be accessed from anywhere and any employee can work from home without halting the company’s business’s progress. Other than this, companies now create their personal apps to keep all employees connected so that work runs smoothly.

 

Disadvantages of technology in business

People remain unskilled

When employees start using software for completing daily tasks, they less likely grow intellectually. The complete reliance on technology does not let them encounter any challenge which makes them lose their talent. Therefore, complete reliance on technology makes them less skilled and in the long run, they may feel redundant.

Distractions

As in this high-tech world, advanced technology is available for everyone and people can get access to the virtual world easily. Modern technology creates social access easy and convenient that makes the employees spend hours and hours on tempting games or reviewing Facebook updates. Other than this, workers on the job can get distracted and check their email too frequently. This deviates them from the task at hand and reduces their productivity. Although momentarily, they cannot focus on their work which does not help in job satisfaction. Ultimately, the outcome of businesses gets affected.

Security Concerns

Although modern technology opens up many doors to online ventures, now it is a lot easier to hack into the privacy matters of any business that is connected with modern technology. For example, the email system improves the communication process, but along with this, it also paves the way for many viruses and other software or hardware concerns.

An atmosphere of dependency

Sometimes, employees end up relying on these technological equipment that they forget to use their own analysis to get their work done. No doubt, workers improve their technological skills but it comes at the expense of other skills – like personal interactions. For instance, contacting your co-worker with an email is very different from interacting with that person in person.

High cost

Using the latest technology to enhance your business comes at a price that is not affordable by each business especially for startups. Using high-speed internet and computers, printers, scanners are expensive and are long term investments, but the initial investment can cost you an arm and a leg.