The Impact of Technology on Business Essay -- Technological Business e

The Impact of Technology on Business The word profession, trade, vary of commodities argon all synonyms. In the early age of civilization lineage was carried out on the basis of Bata trade as currency came into organism and there were business set Ups our perception started to change towards business unless more so since the last 50 yrs with the advent of the information engineering the world has turned around. With the establishment of the Internet business has got globalize Businesses are now able to approach overseas market they are no more confined to their areas of their establishment. Business today is inextricably intertwined with engineering, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is im attainable to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, cargo ships even around our daily lives. E-commerce a system by which state can buy, sell and serve without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at either given time through online banking. The Internet, a boon to all business, is playacting a part of a catalyst it links millions of customers to its suppliers and vice versa overdue to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi... ...tune magazine on May 2000. In one of the interviews with Kurt Kammerer, the writer Justin Fox contends, The core of his business is software that uses intelligent agents to arrange business transaction online (Fortune, 2001) business is similarly changing the traditional way of doing things,there are virtual markets like(http//www.ebay.com)where by which mass are buying and selling products Today there are no limitations to what technology can do to change the way we do Business. From online malls like(http//www.mall.com) to sites likeE-Bay technology has changed the way we do business. What we can conceive we can achieve. What is coming up next might impact our ways of doing business but the study impact, the major changes have began and what will lead now will be enhancing those changes. We have discussed many ways that technology has impacted our businesses.