Use of technology that bring revenue to business

July 24 , 2018

 

Businesses are affected by changes in the technological environment.Technology is simply the application of knowledge to control or change our environment. Some businesses can leverage changing technology to improve products and processes or even create new products and processes that will expand markets and profits.Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand.

 

  • The importance of technology in business

Technology has altered modern life in many ways, especially in the workplace. The invention of computers, the miniaturization of electronics and the development of wireless communication have all altered the business world. Business communication, in particular, has seen some of the greatest advancements due to technological developments.

One of the biggest advancements in communication has been the development of the cellular phone. In the past, your only chance of reaching employees was when they were at their desks, prompting endless games of “phone tag” as people tried to connect during busy workdays. Now, workers are reachable no matter where they are, and even during non-work hours. The development of smartphones has also greatly expanded the types of business activities you can transact when out of the office, increasing productivity and extending the workday.

Communication technology is a necessity for human interaction. It plays an important role in acquiring and disseminating information. Regardless of time and boundary, technology helps provide information for the decision making process.Communication technology is important in the human civilization process.

  • Technology can be used in business

Innovation is produced to meet an issue or opportunity. Organizations utilize innovation to stretch out their capacities and to serve their clients. Entrepreneurs or business people have the vision to perceive purchaser needs and to devise approaches to meet them. Be that as it may, they should utilize innovation to achieve a portion of these objectives, and by and large, they should contract experienced specialized individuals who can utilize innovation to actualize these thoughts. These days it’s trying for a business to increase upper hand without utilizing innovation.

Entrepreneurs and administrators must know the significance of innovation in business, and they need to anticipate how to utilize it well with the goal that they increment on (RIO) Return on Investment. Innovation is utilized as a part of different ways; organizations can utilize innovation in assembling, enhancing client mind, transportation, human asset administration, business correspondence, utilize innovation to enhance their administrations or items as a method for increasing upper hand .and so on. In any case, for a business to get the best out of innovation, they need to design and deal with this innovation exceptionally well.

 

Tools for digital communication

  • Email — Electronic mail (or e-mail or email) is an Internet service that allows people who have an email address (accounts) to send and receive electronic letters. Several formats exist for email addresses. You must answer your email or hire someone to do it for you. Email in business can be used for company communications, marketing purposes and coordinating with business partners, suppliers and customers.Some common advantages of business email over traditional mail or telephone communications are cost reductions, lower overhead and speed. It can be used thoughtfully to build loyalty and trust in your brand. Email marketing is important for building relationships with prospects, leads, current customers, and even past customers because it gives you a chance to speak directly to them, in their inbox, at a time that is convenient for them.  Ex – Gmail , Hotmail, Yahoo.
  • Texting — You should utilize SMS (messaging) and MMS (picture informing) for your business, in light of the fact that messaging enables you to at last contact individuals you have to achieve, quick, practically ensured, and in the way your objectives like to impart. Contact individuals, find solutions, emerge from spam messages and deals calls, and get comes about that fundamentally support your image, and your ROI.Texting has become the most personal form of business communication.
  • Instant Messaging — Instant messaging (IM) technology is a type of online chat that offers real-time text transmission over the Internet. A LAN messenger operates in a similar way over a local area network. … More advanced instant messaging can add file transfer, clickable hyperlinks, Voice over IP, or video chat. ex- whatsapp, messenger, hike messenger
  • Social networkingSocial media marketing helps to validate your brand. A company’s social media presence, when done correctly, tells consumers that their brand is active and focused on thriving communication with consumers Social Networking is the practice of expanding the number of one’s business and/or social contacts by making connections through individuals, often through social media sites such as Facebook, Twitter, LinkedIn , Instagram.
  • Blogs — Blogging is the demonstration of making short-frame content. … For instance, you are at present perusing a blog entry – a bit of short-frame content that has been posted on a blog. It’s additionally vital to take note of that when you’re working together blogging, your blog entries are about a specific topic identified with your business. Ex-Medium, Reddit, LinkedIn Articles, Design Float, Pinterest .
  • Video Conferencing – The utilization of video conferencing can possibly build profitability and proficiency by diminishing inefficient travel time, anticipating meeting delays, making shorter and more organized gatherings and taking into account more prominent reach of a message. Video conferencing additionally takes into account an expanded number of members. Amid a video meeting you can see the outward appearances and non-verbal communication of gathering members, prompting quicker and more successful joint effort. These are both critical parts of correspondence that are lost with a fundamental phone call.  Ex- skype, Imo, google duo.
  • Money transferring — Online cash exchange is the place the antiquated idea of wiring cash unites with the cutting edge innovation of electronic assets exchange.It’s essentially a totally electronic method for exchanging cash starting with one financial balance then onto the next ledger. Information is traded; paper cash isn’t. Utilizing a platinum card at a store exchanges cash from your financial records into the store’s keeping money account. Coordinate store finance moves cash from your boss’ ledger into yours. Ex- paytm, phone pay.
  • Use Employee tracking system — Employee tracking system is the act of employers surveying marketing employee activity through different methods. Employee tracking application software allows a business to track employee activities  and access worker’s engagement with workplace related tasks. A business using employee monitoring on a computer can measure productivity, track attendance, ensure security and collect proof of hours worked. Tools like modern employee monitoring software are a new implementation, Now, we can track not just how much time people spend at work, but how productive they are, monitor internet usage, which applications they use most, what tasks they struggle with, when they work best, and more.
  • Sales Reporting Tool — Reporting has been a great issue for employees these.  For employees who deals with field work, proper reporting is too essential. Insufficient resources reduces revenue of an organization. A proper reporting not only helps growing a business revenue, simultaneously it helps in managing an organization in a professional way.                               One of such tool is Twib. It has got features like remote work assign, remote attendance, expense reporting , check in with images, that runs both online and offline. There are a lot of features available in it.

Benefits of using Technology in business revenue     

With using technology we can solve all the problems mentioned in above.Today, innovation is imperative since it is utilized for nearly everything and like everything, innovation has favorable circumstances and disservices. The development of the PC was an essential point. Correspondence is in this manner improved, and organizations can impart more easily.Technology effects business tasks. Regardless of the measure of your undertaking, innovation has both substantial and impalpable advantages that will enable you to profit and create the outcomes your clients request. Mechanical framework influences the way of life, productivity and connections of a business.Businesses are influenced by changes in the innovative condition. Innovation is essentially the utilization of learning to control or change our condition. A few organizations can use changing innovation to enhance items and forms or even make new items and procedures that will extend markets and benefits.