Technology Impact Paper - Essay Example

New Technology Impact Technology is changing more rapidly day by day, that helps the businesses to move further. Particularly in this century many technological developments taken place and carry on happening. However, people do not desire to relinquish following it for the reason that each individual requires to be advanced as well as obtain greatest advantage by implementing it. To accomplish it, it is initiated to utilize in all the area of life. In other words, technology is turning out to be one of the basic and vital parts of life as well as made life impractical to perform anything in the absence of it.

On the other hand, it started shaping people’s lives without their management moreover illustrated its enormous influence. Briefly saying, advanced technology has certain consequences in every field and step of the life particularly in business as well as daily life (Todd). Technology Impact on Business and Customer Introduced the new product to customers Technology influences business certainly in a lot of aspects; like that improving the way of advertisement or marketing. Primarily, the technological progresses attained during the previous few decades have enormous outcomes on business products introduction or presentation to the customers across the world.

Additionally, the technology facilitates to provide effective support on previously sound sales as well as marketing strategy. One of these supports is to offer direct communication among customer along with the business. For example online shopping is one of the new technology based effective approaches of introducing new products to the customers. In this scenario, if a customer pays for something that he purchased then business earns the profits. However, if sales are not made, the corporation yet has an innovative technique of introducing new products to diverse customers.

It means that company is doing its marketing through the web based platform. In case of launching new products to the customers across the countrywide the web based platform facilitates in case of collecting information as well as data regarding their customer’s shopping and purchasing behavior in an attempt to build up flourishing association with their clients. Therefore, they are able to recognize what their clients selections are and how to offer them valuable products in an attempt to maintain their loyalty and attract customers worldwide (Todd (Rampur).

Ways that add value through new technology to business The new technology has offered more facilities and ways in order to offer better support to the business as well to the customers. Particularly the web based structure such as eCommerce or online business has offered lots of business advantages to the customers. Particularly in case of web based business practice a company is able to enjoy more enhanced support regarding online shopping, imbursement as well as advertisement policies. All these processes require very small number of human resources and expenditures.

In addition, all of these aspects definitely lead to more enhanced support for the management of the entire business dealings and transactions (BusinessKnowledgeSource), (Kristina) and (IBM). The new technology based arrangement has as well offered the businesses a better competitive benefit. In case of new and more enhanced