Technology has stood a great impact on our lives. The impact has become experienced everybody in our societies. Most organizations have been suffering from technology either positively or negatively. Therefore, these organizations already went through a transformations so as to employ technology in their day to day activities. Advantages and drawbacks gonna demonstrate how technologies have transformed organizations.
Most organizations have flattened due to technology. Technology has empowered employees to generate more decisions than in the past. Therefore, with fewer employees, a company can achieve a preferred degree of output. Consequently, organizations have downsized; reduced the number of employees as well as the variety of levels in their organizational hierarchies.
Conversely, technologies have triggered redefining of organizational boundaries. Through technology, organizations are able to link with suppliers, customers, distributors and other partners. These linkages cause an efficient flow of knowledge and interactions among different organizations as if they were one big organization. Therefore, quick services and reduced costs of operations have been realized.
Additionally, RegTech directory has changed the management process. Technology has changed the management process through providing powerful capabilities to managers to organize, organize, control and lead. Managerial functions have been computerized to a quite high degree, along with those circumstances where computerization is impossible, computers provide information to managers to help the inside the management process.
Technology has triggered the separation at work from your location. Technology has made it possible to organize globally but work locally. Many people organizations need not be physically present to perform way of life inside the organization. Processes can be controlled from the comfort zone and expected outcomes realized. This can be has become achieved through global networks that have extended global reach.
On addition, workflows in organizations have been re-organized by using technology. Through technology, automated work procedures have replaced manual work procedures. Most activities in organizations are executed through programmed systems for efficient. It’s led to the decrease in the cost of production, service improvement, efficiency, merging of some activities and increased productivity.
Finally, technologies have increased the pliability of organizations. We live in a society of changes along with order to survive, we need to respond appropriately to those changes. Therefore, organizations must be flexible to reply to these changes which occur frequently. Through flexibility, organizations are able to solve their problems and make the most of new market opportunities. It’s been achieved through technology, which provides information about how to reply to these changes.
Conclusively, technologies have played a crucial role how organizations accomplish their day to day activities. Technology has brought more importance than harm to organizations. It really is upon those organizations to choose the appropriate technology to try.
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