Technology has grown to be part of everyone’s life and that includes almost every aspect of businesses and the corporate world. The technology has changed over the last decade and is continuing to change on a daily basis. Starting with the introduction of the cell phone and now the smartphone.
Travailing the globe or even within a country it has become easy to stay in contact with the office and has made communication and attending to customer problems that much more efficient. Information can be extracted from within minutes and relayed to the parties that require it.
With the latest technology employers and corporations have the option to allow their employees to work from home if the commute is taking up their time making them more productive. The communication can be done via video calls and instant messaging allowing the managers to communicate with their team about critical issues that need to be solved.
No longer is it necessary for the person who needs information to wait until they are back in the office they can source the information right there and then using their smartphone. Once again improving the productivity.
Most corporations have thousands of computers and virtually every staff member employed today is issued a computer. There are going to be those that will experience problems but with the latest technology of sourcing the person computer remotely the problem can be solved.
Therefore, the company only has to have one office that tends to these type of problems and limit the number of technicians and third-party computer experts to attend computer related issues.
Companies that are involved with selling machinery and equipment technology has a huge role to play. No longer is it necessary for the maintenance staff to waste time recording daily operating data leaving them time to concentrate on planning and scheduling maintenance procedures.
This is probably one area where technology has been the most advantageous. Not only has it made the staff more productive but it allows them to concentrate on pertinent issues that drive profitability. Part of this productivity is driven by real-time costs that can be achieved allowing managers to make decisions expediently without having to wait for weekly meetings.
Administration tasks for the accounting teams have been transformed with computers doing the bulk of the work such as paying salaries. Virtually all employees are now paid electronically without receiving a physical pay stub leaving the accounting team more free time to controlling costs.
AI (Artificial Intelligence)
Artificial intelligence is very fast taking over tasks which humans used to do. The latest trends of manufacturing companies that even have systems whereby the order is placed by a customer and the Robot immediately starts manufacturing the part. If the corporation facilities are situated in different countries the message will be conveyed to the appropriate factory.
Technology has already made a significant difference to how the business world operates and with the advent of Artificial Intelligence, it is foreseen that there will still be vast changes to make corporations more efficient and productive.