1. TOPIC: “BENEFITS
OF TECHNOLOGY
IN BUSINESS”
GROUP MEMBERS:
ASIM NASEEM, UBAID

2. • WHAT IS
TECHNOLGY?

3. Technology is a broad concept that
refers to breakthrough in science that
allows for better or automated
solution.

5. Technology increases productivity
Because of technology we get lower
cost structure
Improves speed of work
Ease of sharing
Decreases human error
Increases revenue

6. • Today with the
advent of
INFORMATION
TECHNOLOGY
,information is
shared at an
astounding rate.This
saves time,offering
the ability to make
decisions faster.

7. Benefits of adopting new Technology
• Technology has a vital role to play in
any modern workplace and can make a
huge difference to the way your
business operates, and how well your
staff carry out their tasks. These days,
an online presence is also expected by
customers and therefore is an essential
component for businesses.

8. How new Technology can help
your Business?

9. New technology can speeds up your
business process, and allows flexible
new ways of working, also
transforms your business
functions, and can often save you
time and money.

10. The Advantages of New
Technology in Business

11. Enables Travel
• The latest cell phones
and PDAs allow
individuals easy access
to e-mails, with many
phone packages being
built by cell phone
manufacturers to be
tailored to the needs of
business professionals.

12. Everyday Communications Easier
• Communication
within an office,
and with clients
and outsiders, is
much quicker and
easier using
technological
advances

13. Save Money
• Businesses can save money
by embracing new
technology. Advanced
technology is typically more
energy-efficient.
• For example, in 2010, using
personal computers
carrying advanced Intel
processors can lead to a 50
percent reduction in
electricity bills, according to
the Small Business
Computing website.

14. Productivity Increases
• New technology makes
everyday work in a
business easier.
• In 2010 , new computers
running Microsoft's
Windows 7 operating
system could lead
employees to triple their
productivity, according to
the Small Business
Computing website.

15. Improved Business Mobility
• Technology has also
improved companies' sales
and service departments by
allowing employees to use
personal electronic devices
to create sales displays and
transmit orders and
customer information to the
home office. These
electronic devices shorten
the lead time companies
spend on receiving and
delivering goods or services

16. Growth
• An April 9, 2003, article
in the UK's "Telegraph"
pointed out that
businesses using
broadband were
growing at twice the
rate of other
companies.

17. Globalization
• The Internet, e-mail and
videoconferencing are just
some of the technologies
that allow companies to
work with anyone,
anywhere in the world.
Data and money can be
transmitted in real time,
allowing businesses to be
able to operate on a larger
scale.

18. Wireless Office
• Smart phones, laptops
and wireless Internet
access have made it
easier for professionals
to work from virtually
anywhere, including
their homes and
airports.

19. EASIER STORAGE
 Eliminates need of
double or triple entry
system
 Reduces need of large
file paperworks
 Now contracts and
customer info.is stored
in virtual data
warehouses
 Easy access to info.

20. AUTOMATION
Technology allows business to automate
certain functions
Bookkeeping functions now can be handled by
software applications such as QUICKER and
QUICKBOOKS.

21.  Sales function is
automated through
contact management
suite such as Sales
Force
 These things gives
owner the ability to
focus on strategy and
cut down on labor
expenses

22. INVESTING IN
TECHNOLOGY
CAN PAY FOR
ITSELF AND
MORE

23. • IT,MEDICAL
TECHNOLOGY
AND EVEN BIO
TECHNOLOGY
ARE GROWING
FIELDS

24. Looking Ahead
• Office equipment
and design will
continue to evolve
with new
technological
advances. New
digital equipment
will likely replace
paper files, as offices
move to a more
digital marketplace.

25. THANK YOU!!!