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Computers have revolutionized the way businesses operate in their respective industries. Technology has advanced so extraordinarily that those who are not using computers in their business are lagging behind. Those businesses without the application of computers can be at a major disadvantage against their competitors.
In particular, several important advantages are relevant to business in terms of computer application. And, computers can provide them to small businesses.
ADVANTAGES OF COMPUTER IN BUSINESS
- New Company
Computers can help different business entities. Business entities can utilize the application of different types of software. These pieces of software can help businesses keep up to date with their files, documents, schedules, and deadlines.
Computers can also help business with organization. Computers allow businesses to organize all of their information in a very accessible manner. Businesses deal with large amounts of data. And, the ability to store large amounts of data on a computer makes the machine very convenient and inexpensive for a business.
Moreover, saving large amounts of space saves space. A computer’s ability to store large amounts of data can allow a company to organize its files efficiently. The practice leads to efficient time management and productivity.
With application of computers, business entities have made staff and companies more self-sufficient. It is because the computers allow them to do tasks that previously had to be outsourced. For example, a company can now use office software to prepare materials for training of their employees.
Desktop publishing software can help companies to create marketing materials. Online tax and accounting programs allow companies to prepare their own taxes. As a result, companies can perform dominant operations of a company.
This operation can be done while remaining in-house, which empowers the company to become more independent and less susceptible to errors. The errors are likely to be committed by outside parties. But, computers limit such chances.
Emerging technology opens up to new tools and services. The services are becoming more affordable, which allows companies to save on their staff payroll and office equipment.
Because with application of computers, people can perform work faster and more efficiently. It is possible for a company to hire fewer staff and save expenses. In addition, with networked and relatively inexpensive computers, companies can store data more easily, saving on the cost of outside file storage.
What it leads to is that companies can avoid having to purchase as many copiers, fax machines, typewriters, and other such items that were used before computers weren’t in use.
Correspondingly, potentially profitable businesses can be launched, spending a smaller overhead cost. Email capabilities decrease postage costs; software applications reduce the need for large accounting departments. Application of computers allows efficient videoconferencing, which in turn reduces the need for travel.
All resources saved will reach to the consumers more efficiently. Customers are then provided with much more affordable products and service.
Computers help accelerate other business operations. The speed can be introduced to receiving consumer feedback, ordering of raw materials, and inspection of products. As a result, speed is made quicker through the use of computers.
As a result, companies can operate much faster and to produce better quality results.
CHEAPER, RESEARCH, & DEVELOPMENT
R&D, or research and development, costs will also decrease significantly with the application of computers. Researchers now can carry out research using the Internet. Computer software applications can help researchers develop and produce new products and services.
For example, instead of a company having to conduct in-person focus groups on a potential new product or to determine what their target market is, the company can conduct a widespread online survey for a far lower cost.
In addition, new models of a product can be manufactured online using virtual pictures, and drawings instead of having to be hand-drawn.
These interactive models created using software applications can make the product and its features more feasible. This indeed brings the product to life for a far lower cost than creating an actual physical model of the given product.
Computers can be helpful in generate higher sales and profits for businesses using a company website. Many businesses now took to online media and operate around the clock. This gives customers an opportunity from around the world to shop for their products and services.
COMPUTER STUDIES FOR BUSINESS STUDENTS
Computer application courses relating to business equip students with knowledge to use standard software programs found in the workplace. Students learn how to input, review, formulate, design, and present information in a productive and efficient manner.
Computer classes for students are generally offered as part of degree programs. These programs relate to business, or certificate programs. And, many institutions offer flexible class schedules that accommodate the needs of working adults, such as online only learning.
Common computer application courses for business may include subjects such as:
- Microsoft Office
- Computer operating systems
- Business composition
- Methods of integration
- Document preparation
- Typing and publishing
- Data Management
Computers in business opened up customers, employers, businesspersons to incredible opportunities and possibilities. Students studying business studies should have comprehensive knowledge and concepts on computer application.