In this modern context, according to a research done, businesses that are technology-focused are more profitable and have a strong position in the global markets and have higher-valued products. It is due to the stealth and constant growth in the sector of technology that companies have flourished and have the capacity to grow at a bigger scale. Technology has revolutionized the way businesses now target their audience and market their service with easier access and faster mediums of communication. With so many advantages, there are also many setbacks but the benefits outweigh the setbacks drastically. For any small to big business, you need managed IT service and the technological support to compete with the main competition. Here are some of the ways technology has changed the world and the way people conduct business.
Many big Companies like Honda, Samsung and Microsoft have an international presence that can be seen anywhere around the world. Technology has helped these big companies by sharing, and showcasing their products and services to their affiliate partners, employees and other consumers and partners around the world. With easier access to reach the audience around the world, the competition tends to get stiffer day by day.
Ever since the automation of processes and services, many people have now started to earn low income or lose jobs due to technological invention. With the advancement of technology, it has been made possible for all business to outsource the work to a cheaper place where they have to pay little to no taxes. Countries like India and Philippines, many college graduates are opting to work for 1/5 of the salary a normal Canadian worker would get.
On the other side of the outsourcing debate, technology innovations are also helping create new job opportunities. Academic fields such as nano-technology and bio technology are two such fields in real high demands and require graduates to work right after being graduated. With more advancement in technology, many more critical analysis positions will start opening up.
Globalization has forced business engage in more strategic planning and think of more from a technology perspective to grow in the marketplace. FEDEX is the best example when it comes to strategic approach. It takes a close look on its supply chain procedure to its IT infrastructure in order to be the dominant courier leader.
Technology will tend to keep on growing. There will be continuous development. It is beneficial for all business to incorporate technology in their infrastructure to grow and keep competing at a global level. Having managed IT service will support your business, secure your data and ensure that all your systems are working smoothly. Call the managed IT service company now!