TECHNOLOGY AND BENEFITS

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TECHNOLOGY AND BENEFITS

                   TECHNOLOGY AND BENEFITS

TECHNOLOGY:

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  • the branch of knowledge that deals with the creation and use of technical means and their interrelation with life, society, and the environment, drawing upon such subjects as industrial arts, engineering, applied science, and pure science.
  • the application of this knowledge for practical ends.
  • the terminology of an art, science, etc.; technical nomenclature.
  • a scientific or industrial process, invention, method, or the like.
  • the sum of the ways in which social groups provide themselves with the material objects of their civilization.


Advantages and Disadvantages of Technology 
In today's world, where just about everything is more convenient and accessible due to advances in technology across almost all sectors, it may seem as though it's a misnomer to even mention any disadvantages of technological advances. However, despite how far technology has taken humans and no matter how convenient it may make things, there are some disadvantages accompanying this level of access.

Advantage:
 Great Discoveries In All Industries
Technology advances show people a more efficient way to do things, and these processes get results. For example, education has been greatly advanced by the technological advances of computers. Students are able to learn on a global scale without ever leaving their classrooms. Agricultural processes that once required dozens upon dozens of human workers can now be automated, thanks to advances in technology, which means cost-efficiency for farmers. Medical discoveries occur at a much more rapid rate, thanks to machines and computers that aid in the research process and allow for more intense educational research into medical matters.

Disadvantage:
 Dependency
The more advanced society becomes technologically, the more people begin to depend on computers and other forms of technology for everyday existence. This means that when a machine breaks or a computer crashes, humans become almost disabled until the problem is resolved. This kind of dependency on technology puts people at a distinct disadvantage, because they become less self-reliant.

Advantage:
Cost Efficiency
Cost efficiency is an advantage in some ways and a disadvantage in others. As technology improves on existing processes and showcases new ways to accomplish tasks, machines are able to produce the same -- if not more -- output than humans in certain industries. This results in cost savings for business owners, allowing them to invest in growth in other areas of the business, which contributes on a positive level to the economy as a whole.

Disadvantage:
 Less Value In Human Workers
At the same time, human workers retain less value, which is a disadvantage of technological advances. Because machines automate processes and do the work of 10 people with one computer, companies find they don't need to employ as many people to get the job done. As machines and computers become even more advanced and efficient, this will continue to be a growing disadvantage of technology and an issue that has a global impact.

The Benefits of Advances in Technology

Small-business owners can find keeping up with changes in technology difficult. But proactive business owners understand that investments in technology can benefit a company financially and give a company a tactical advantage over the competition. Investigate advances in technology to determine if they offer a positive return on investment for your company.

In the Field
Outside sales representatives, workers at a construction site and traveling insurance adjusters are just a few of the many occupations that require extensive work in the field. Investing in advances in communication technology can help you to get information to your field personnel faster and help you gain an advantage on the competition. Transmitting documents over the Internet as opposed to sending packets of information via an overnight courier can save you money on printing and shipping costs as well as getting important information to clients fast.

Administration
Advances in technology can make running your company easier and less expensive. Interactive software programs can eliminate the need to train your employees on their benefits package. A step-by-step online training program can be used to not only help employees understand their benefits at their own pace, but it can also help employees fill out the paperwork. All of this is done without the need to hire additional human resources personnel to administer the training and process the paperwork. This can apply to all new-hire paperwork and ongoing administrative forms and information that your company needs. When technology collects and processes the information for you, your human resources group has more time to focus on developing a better workforce.

Customer Interaction
Your customers are using mobile communications devices and Internet websites to find information and purchase products. By getting involved in the advances in technology, you can offer customers new ways to purchase products and help customers to get instant support for product returns and shipping issues. For example, advances in technology allow you to have an e-commerce website where customers can purchase products from their computers. An an e-commerce website allows you to put applications on mobile devices that allow your customers to track orders and buy products when they are not near a computer.

Productivity
Technology allows you to merge inventory needs as projected by the purchasing department with the manufacturing group to ensure accurate production levels. Computer software can deliver production needs to the manufacturing department, create ordering schedules with vendors and schedule pickups and deliveries with shipping companies. Advances in technology allow your staff to focus on their jobs without having to track several activities at the same time and improves overall productivity.



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