The Only Thing Constant in This World Is Change – Albert Einstein
We live in a dynamic society that undergoes many changes. It has become a part of our growth. With the advent of the internet, technology has seen massive improvements over the years. New and convenient methods of working are being introduced and Covid19 has contributed positively to the adaptation of these changes.
The survival of humanity depends on how flexible we are to change. Nowadays, growth in professional and personal life are all dependent upon technology. With dating and meeting, new people moved to social media like Facebook and Tinder, our organizations are also saying goodbye to old and conventional methods of working.
Where marketing was once considered to be possible for high budget companies only. Now almost all startups can bear the cost of digital marketing. These newer and improved functionalities are contributing to the growth and sustainability of organizations.
The first change in technology started with the advent of computers. When they were introduced, the market resisted in adaptation. However, in time, every business shifted its finances and other strategies on computing devices to maintain their position in the market. Here is how technology has contributed to bringing a dynamic shift in our work.
With smart computing devices, calculations have become more manageable. The finance department has designated software that can manage heap loads of numbers and provide a finite solution. Whereas managers use technology for workload management. All these massive shifts are highly convenient. However, there is always a loss of employment by the hands of technology. This might seem like something unavoidable, but it isn’t. If you develop a flexible personality that readily accepts new software, then your job will become more comfortable, and pay will increase.
Covid19 has made organizations realize that work can be managed from home. What we lacked before the pandemic was the acceptance of giving independence to employees and command over remote working technology. Applications like Zoom and Google Meets have become the pinnacle of work from home. These technological achievements have significantly reduced the utility cost per employee.
Many organizations use to manage employee workload through predictions or pen and paper. This would end up being unauthentic and, in many cases, costly. Now that we have workload management software, it is more convenient and authentic when finding the right person for the right job. Though these technological advancements are costly at some end their benefits outweigh the expense.
Before there were online payment systems and banking facilities, salaries were always an issue. Now that the world has developed smart banking solutions and credit money, many business transactions are completed through digits, not actual money. But history is an advocate against this facility as credit money was said to be the cause of the Wall Street crash. With an ample amount of digits but no physical cash present, many banks were shut down.
The 21st century harbors a data-driven world. All marketing, finance, and HR decisions in an organization are based on the amount of data available regarding the decision. There is much software, such as PowerBI, Google Analytics, and Google Data Studio, which help in analyzing the target audience. The best part is that these tools are free to use.
Cell phones are more than just a communication device now. There are microsensors embedded in your mobile phone device that can act as a payment method. By simply swiping the back of your mobile phone at an NFC payment device, you can pay your bills. As unprotected as it sounds, it’s actually quite safe. NFC only works after you feed your credit card information to your device. It also requires the user to unlock their cell phone and enable NFC services.
Understanding the customer is a crucial part of the marketing department. Since the purchase decision varies from person to person, and it’s dynamic in nature, it is hard to pinpoint consumer behavior. Earlier it was not possible to collect responses of the buyer regarding a new product. Now it has become easier to accumulate customer opinions thanks to robust customer management systems. Such software is programmed to track your customers buying patterns and searches. After running statistics and predictability, a CRM (Customer Relationship Management Software) predicts what the buyer is interested in buying. This gives organizations an upper hand in managing the supply chain.
High budget eCommerce stores are very flexible to technological changes. Amazon, for instance, has drones for nearby location delivery. This has not only reduced costs but also made delivery faster for customers. Another positive aspect can be less carbon emission and fewer contributions to traffic jams.
The outcome of technology depends on its usage. It is a fragment of someone’s innovation for use. Whether it jeopardizes its user or proves to be beneficial depends on how it is utilized. However, in organizational development and business growth, technology has played an essential part in building strong business roots!
Christine Smith is an MA Linguistics from College of Liberal Arts-University of Illinois with 5 years of experience in professional thesis writing services. Elijah is a technology writer as well and does part-time technology writing as well.