Technology is applied to the simple life in many ways and each individual uses it to fulfill themselves. For business, social media has become the channel of companies lead to reach clients and has opportunities to expand business (Sharma, 2013). Due to the electronics have more power in the workplace and industry the companies are able to use advantages of advanced technology to increases profit margins, improve process production and open up new businesses (Sharma, 2013). Moreover, modern technology enhance people ability to easily manage the business and this technology has evolved for many years. Something was used to work before but today might not use it because it is being replaced by new technology (Ramey, 2012). For example, in …show more content…
Modern technologies have advantages of both individuals and businesses. There are many organizations that use social networking technology to connect with the client, the user can share data with friends and interact with many ways. (Ramey, 2012). For instance, companies can teleconference with many employees in a different location and allow employees to telecommute from a house. In this case, able to save a company money because they do not have to pay money for travel when the employee use technology to communicate, they can work comfortably at home instead of a journey to work in the office (Ramey, 2012). In addition, technology makes people and business communicate easily if without communication many companies might not develop business because communication is the most important thing for consumers to know the product and service in the business (Ramey, 2012). In other words, Ramey discovered that technology makes communication unlimited connecting each other around the world, make convenience to client acquisition and access a new information by using mobile phone and Internet websites (Ramey, 2012). Participation in technological progress makes clients get a product fast and has a support for goods returns and shopping problem. For example, technology allows company having an e-commerce website where the client can buy goods from their …show more content…
According to Kazmeyer (2017), a small business can compete with large business by using technology to replace humans and make the process produce faster and more streamlined to deliver on time. Many companies use modern technology to plan, manage and reduce human error by developing machines and use it to work because it can work continuously for a long time and effectively than human. For example, farmers who use machines to plant till the harvest, they may save time and money to hire a worker (Ramey, 2012).Technology develops on existing process and offers a new method to achieve mission by using machines because of it we are able to get more output product than humans in some industries. Furthermore, technology allows demand for more consumer goods and companies to not worry if the product is not enough because they have machines help to manufacture goods efficiently (Ramey, 2012). Basically, Ramey agrees that technological advances operate all the time and more efficient from upgrading technology in the manufacturing process provide convenience to work and faster to produce. For example, the online shop has invested lower than a brick and mortar store because they have to make a purchase before to sell, but online shops have just a picture they can sell the product