1. Use of Technology in Business: Today businesses can save money by using technology to perform certain tasks. When you compare the amount of money spent on hiring an individual to perform a certain task and to guarantee delivery on time, it is totally expensive. When it comes to technology a small business can scale out and deliver more with less human resource.
For example: If you operate a manufacturing business, instead of hiring so many people to work in certain section , you can replace that labor with a ”PLC” programmed production line which will automate the all process of manufacturing . The benefits of using a ”PLC” , is that productivity and accuracy will be better and first compared to using individuals.
Lets take another example: For retail inventories, they don’t have to employ more people to manage and keep track the number of inventories. All they have to do is to use database systems which can be accessed remotely. This will make inventory data more accessible to whoever needs it with in the company. This will cut off delays in delivery of this information and makes the work.