Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips Small Business Ideas List Your Business Business Advice from Idea Cafe Experts Coffee Talk with Experts Starting A Business Business Plan Biz Planning | Sample Plans Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It! Running your Business Marketing Tips Promotional Merchandise Marketing Tips Marketing | Sales | Customers Human Resources HR | Employees | Contractors Legal Forms & Tax Information Legal | Biz Forms Managing a Business Managing | Operations
Financing Resources Financing Your Business E Commerce & Webhosting eCommerce Take Out Info Trade Publications FREE Trade Publications Business Books Biz Books Your Own Business Small Business News Small Biz News Gen X Biz Gen X Biz Work at Home Work @ Home Business Information The Fridge - Biz Info on Ice Destress Send Awards Send Awards & Greetings Yoga At Your Desk Yoga @ Your Desk Fun Guide Guide to Find FUN Online About Idea Cafe Press Idea Cafe has received Idea Cafe in the News Idea Cafe's Kudos Kudos for Idea Cafe Advertise on Idea Cafe Advertise on Idea Cafe Privacy Policy Privacy Policy Contact Idea Cafe Contact Idea Cafe Link to Idea Cafe Link to/from Idea Cafe Join Idea Cafe
Search Idea Cafe Site Directory Site Map Online directory to business resources Biz Web Guide

Expert Answers to Biz Questions

Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.

color business bar

How Technology Has Transformed Businesses And Why It Is Essential


Today, we are more advanced than we've ever been and new technology is just the tip of the iceberg.

While redefining how we humans live our lives, technology has undoubtedly impacted all facets of business life as well. Offering a range of benefits to reap, it has now become evident that for a business to continue on the road to success, incorporating industry-relevant technologies will be crucial. Below are 4 basic factors how technology has transformed businesses and why it's integration in businesses, big or small, is essential.

Lower Operating Costs

Technology has allowed the use of robotics and different software to streamline a number of operations within the business value chain. For example, basic enterprise software enables firms operating in different sectors to automate back-office functions, such as record keeping, accounting as well as payroll.

Automated machines are able to work around the clock to meet demand faster and result in fewer errors. Mobile technology allows home offices and field reps to interact in real-time saving both time and energy making the overall process more productive as well as efficient.

Cloud Computing

It's no surprise that cloud computing has long been poised to change the business paradigm. Long gone are the days when multitudes of files were stuck on a single server on a single computer.


Cloud computing, essentially, is the delivery of computing services over the internet. This can result in better security, accessibility, flexibility, and savings.


We now reside in a mobile world where you don't need to spend a good many dollars on hardware for storing information relevant to the business. Storing it online can be much cheaper and as some would argue, more secure.


Perhaps one of the most alluring benefits of cloud computing is being able to access any work-related files from any device in any place at any time eliminating the need to be physically present in the office.

Better, Faster Solutions

In any field of business, technology has played a pivotal role in ensuring better, more efficient solutions.


In the automotive industry, it has led to futuristic, innovative designs that guarantee comfort while promising high speeds. Finding suppliers is easier, marketing is more effective and the operation process more efficient.


It has significantly helped the health care sector as well as both private and public medical clinics to evolve. Machine learning (ML) which is an application of artificial intelligence (AI) has led to exciting new developments within this sector. It has allowed for substitutes to some common surgeries resulting in better solutions such as knee replacement alternatives consisting of stem cell procedures or angioplasty –– as opposed to bypass surgery. It has further led to the use of personalized medicine, better identification of diseases, and drug development.


As for the agricultural sector, sophisticated technologies such as robots, temperature and moisture sensors, aerial images, and even GPS technology are used allowing businesses to be more profitable, safer, and even environmentally friendly.


The bottom line is, no matter what sector a business operates in, it can not flourish or keep up with competitors if it doesn't adopt the relevant advances in technology.

Better Targeting

Due to the technological developments made within the last decade, it is now easier than ever to segment customers into groups based on similar attributes and possibly even identify niches that exist within a market.


Better identification allows for your relevant groups to be targeted precisely and more effectively. Targeted marketing has now become essential for success in the business world. Throwing AI into the mix can potentially be a game-changer allowing you to better identify target customers, their needs, and provide better services. Although this type of technology admittedly will require more expertise for correct utilization, however, if your business has relevant experts on board, it stands to gain a lot.


Also, software such as CRM software can allow a business to identify trends faster, provide better service, react more quickly to complaints, and allow for more effective marketing.


Small Business Tax CenterIdea Cafe HomeSign UpBiz Grant CenterCyberSchmoozCoffee Talk with ExpertsPeople in Biz ProfilesStarting Your BizBiz PlanningRunning Your BizFREE Trade PublicationsMarketingFinancing Your BizHuman ResourcesLegal & Biz FormsManaging Your BizeCommerceYou and Your BizGen XWork@HomeThe FridgeDe-StressSend an AwardSend an eGreetingYoga @ Your DeskWeb GuideIdea Cafe in the NewsAbout Idea CafeAdvertise on Idea CafeContact UsPrivacy PolicySite MapSmall Biz News

Copyright 1995-2024, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.

DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.

TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.