discuss What role does technology play in modern businesses?

[Unvarnished]

There is no doubt that there are effects of technology on contemporary businesses. The social media helps e-commerce and other business.platforms to grow in area of marketing.

Technology created two major benefits for modern businesses including better operational efficiency and.better customer relations. But what do you think?

 

[ActionAce]

The modern business runs on technological foundations in every aspect of their operations.

Technology serves to make operations more efficient while simultaneously help in performing automated work and generating some beneficial data.

Technology also enables companies to access customers everywhere and help them to develop online reputations as well

 

[Reelz]

The modern business strongly depends on technological infrastructure. Through cloud computing and AI, businesses gain the speed to address market fluctuations as well as customer needs quickly.

Emerging technology presents businesses with an opportunity to maintain their competitive edge therefore I suggest companies invest in these new innovations.

 

[Heatman]

You can't even run a modern business today without the use of technology. It's like running an online business today which is part of a modern business. It's not possible for you to complete transaction without being paid online. This can only be done with the use of technology.

 

[Alamson]

Technology has driven down costs of production, thereby increasing profitability of businesses. For example, reaching your target market through social media is cheaper than through traditional media. And you are provided with tools to measure the effectiveness of your campaign. In addition, with technology you don't have to operate from a very large space.

 

[Kross]

I believe the biggest role that technology has played in the business world is social commerce and social media marketing. Those two aspects of social media has completely transformed how businesses are ran and managed. Cost of advertising for business has been greatly reduced with social media marketing.

 

[Yama]

Technology itself is a business today. Internet companies are big businesses, just look at starlink, how fast it is growing. Look at the proliferation of Gen AI, every now and then a new Gen AI tool evolves. Even if you are not doing business on tech niche, you still use tech to run a business, even the offline business.