Importance of technology in business Almost all businesses in the world are using computers ranging from the most basic to the most or least complex. Technology is playing a vital role in businesses over the years whereas if it were not for its advancement all operations would slowly stop. Apparently, businesses have been with humankind from time immemorial, from the day, man would exchange a commodity with the other, (barter trade) to the time the currency was introduced as the universal mode of exchange. Computer technology is playing a vital role in revolutionizing these ways of trade by speeding up the processes which otherwise would take days or years to realize. It is almost impossible nowadays for one to conduct any kind of business or transaction without the assistances of technology. Therefore, the vital role technology is playing for the business fraternity should not be overlooked. Technology entails many benefits for companies doing every kind of enterprise, benefits felt instantly, within days or they can be realized within a short period. Consider how people need to interact by communicating ,sending short or instant messages and even emails. Technology is enhancing this by facilitating faster connectivity by use of phones, computers, internet and ( voip) voice over internet protocol services. . Could it be worthwhile to travel long distances to convey useful information or even post envelop mails that took days or months to reach their destination. This kind of technology allows businesses to reach clients and transact deals across hundreds of miles with just a click of a button. Businesses that operate within the old ways of pen and paper stands out to be more vulnerable to disasters. For instance, thieves, forgery, fire, flooding, paper aging, or writing eligibility. Use of computer technology makes it possible to store data safely and is also backed up using certain storage devices to enable easy retrieval. These devices include hard drives floppy diskettes, compact disks, memory cards drives ,USB flash drives or even sharing over a small home or office network. Nowadays it’s possible to recover data that has been lost in whatever cases, be it fire, floods, corrupted files etc. During the yester years, many businesses regarded and isolated telecommunication and networking companies. They, (Entrepreneurs) tended to assume that the later as being very much separate from any engagements. This has not been the case as enterprenuers has come to understand that the ought to move hand in hand with the upcoming technological advancememt.
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