Impact of Technology on Business

Abstract

Performance, productivity, management, policy, manpower, human resources, marketing, and sales are some of the areas where the effects of technology on businesses have been listed in the literature review section. It also describes the motivations for the technology's introduction and the potential challenges a company may experience as a result of using the technology.

The goal of this study was to determine how the introduction of technology affected various business processes. The paper also examines the opportunities and threats presented by the widespread use of emerging technologies in the corporate world. It also examines the most popular technologies used by companies.

This study employed a quantitative research strategy and a questionnaire to gather data in order to accomplish its goals. The data was then analysed in Microsoft Excel.

The outcome of the data analysis indicates that technology has a massive impact on all company operations, significantly on marketing and promotion. There is a widespread reliance on mobile phones and social media networking for business purposes. While the introduction of new technologies allows businesses to expand rapidly, it also raises the possibility of the theft of confidential data.