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6 ways technology is changing the way we do business

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The continuous evolution of technology is changing the way do business, the dynamics of the workplace and what we perceive is possible. Here are six ways in which technology is transforming that environment.

Over the last 10 to 15 years, technology has drastically changed the attitude and processes of the workplace. More importantly, the continued evolution of telecoms and IT technology is fuelling the on-going transformation of the business environment to take advantage of available tools and opportunities.

In the Caribbean, as in many developing countries, there can still be a tension between the traditional practices and the improvements that can be realised through technology. One of the reasons for this standoff might be that decision makers still have not fully appreciated the irrevocable changes that technology had brought to the workplace. This post discusses six key ways in which technology is changing the way we do business.

1. Productivity. One of the early driving forces supporting the take up and use of computers were assertions that increased productivity could be realised, thus allowing us more time to attend to do other things. Indeed, the use of computers has transformed the workplace as we know it. It has driven down the cost of data processing, and the ease with which large volumes of data can be manipulated by and transferred between various units within the organisation. Moreover, this increasing processing power, along with the broad range of off-the-shelf and customised hardware and software that are available, have resulted in changing employer and client expectation of work quality and throughput both at the employee and organisational levels.

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