impact of technology

• businesses use technology for

  designing and producing products, to conduct market research, prepare financial budgets + accounts , to train staff , write reports, communicate with suppliers , to promote their products
• word processing 


  businesses use this for writing reports and letters
• spreadsheets 


  for recording wages/cashflow
• databases


  recording employees details
• desktop publishing 


  creating brochures
• presentation packages


  slideshows for meetings
• electronic point of sale 


  for scanning baracodes
• email


  communicating
• cloud computing 


  saving and storing info
• benefits of digital techology

  -staff -market research and marketing -production - finance and administration
• cost increases 


  installing new tech , training staff , info loss of not being backed up , website management , health and safety , cost of tech breakdown, redundancy cost
• cost reductions 


  less printed documents , new tech can reduce number of staff (less wages), teleworking means no need for big premises , emails are quick