The Impact of Technology on Business Essay -- Technological Business e

The Impact of Technology on Business The word business, trade, exchange of commodities argon all synonyms. In the early age of civilization business was carried let out on the basis of Bata trade as currency came into existence and on that point were business set Ups our perception started to change towards business but more(prenominal) so since the last 50 yrs with the advent of the information technology the humans has turned around. With the establishment of the Internet business has got globalize Businesses be right off able to approach overseas market they are no more confined to their areas of their establishment. Business today is i future(a)ricably intertwined with technology, from the smallest home office, to a international corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The modal value we do business today is divergent than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping thus far around our daily lives. E-commerce a system by which people gouge buy, sell and deal without even seeing the person on the other(a) side has taken a front seat in up(a) the economy of countries around the world. Technology today has made it possible for fiscal institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, well-favoured them the ability for direct input from the customers about their choices and views of their product. The busi... ...tune magazine on whitethorn 2000. In one of the interviews with Kurt Kammerer, the writer Justin Fox contends, The core of his business is computer software that u ses intelligent agents to arrange business transaction online(Fortune, 2001) business is also ever-changing the traditional way of doing things,there are virtual markets like(http//www.ebay.com)where by which people are buying and selling products Today there are no limitations to what technology can do to change the way we do Business. From online malls like(http//www.mall.com) to sites likeE-Bay technology has changed the way we do business. What we can conceive we can achieve. What is coming up next might impact our ways of doing business but the major(ip) impact, the major changes lead began and what will lead now will be enhancing those changes. We have discussed many ways that technology has impacted our businesses.