Why is Technology Important in Business

There are very few businesses that can exist today without technology. From the computerized sales
systems in local stores to the supercomputers that help run our national defense, technology is
everywhere!

1. Technology Makes Business Processes More Efficient

What was once done with paper and pencil and entered into ledgers manually is now accomplished
much more quickly and efficiently through computer software. Data can be entered, tracked, and
analyzed all through programs designed specifically for your business. It also cuts down on the cost of
storage and transport, since everything can now be stored and shared as digital files. Whether you work
in business, healthcare, or IT, there is technology that can make your job go faster and easier.

2. Technology Helps Businesses Stay Organized

Computers allow you to store all your files in one digital central location and track a wide range of
information: from your clients, to product, to personnel. There are: Customer relations management
systems (CRMs) that track your contact with a customer. Programs that keep track of ordering, pricing,
storing, tracking, and selling inventory. Human-resource software that helps you manage and pay your
workforce. Accounting programs for tracking and measuring the financial health of your business. Health
information management systems that keep track of patients and their care. Whatever business you’re
in, technology can help you keep it organized.

3. Businesses Accurately Track Records with Technology

Technology is vital to accuracy in today’s fast-paced world. In business, technology tracks nearly every
financial transaction conducted, but in healthcare it saves lives! The electronic medical records that
follow patients wherever they’re treated can tell doctors and nurses what treatments patients have
already received and detect potentially deadly drug interactions.

4. Technology Maintains Business Security

With so much of our day-to-day interactions conducted over the internet or network systems, it is easier
than ever for those with criminal intent to have access to large caches of sensitive information unless
the proper security measures are in place. Cybersecurity is key to keeping information, money, and
people safe from cyber-crimes.

5. Businesses Easily Communicate through Technology

Email, instant messages, and texts help keep you and the people you work with informed and
connected. When the lines of communication are open and easy to access, every business can run more
smoothly. Whether you send an email to confirm court dates as a paralegal or shoot out a quick text
about a business meeting, technology helps you communicate quickly.