Business Technology: Benefits and Drawbacks
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Technology Improves Efficiency
Businesses that embrace technology often gain a competitive advantage by improving efficiency. Consider a bakery using technology:
- Pro: Automating the production line and installing temperature sensors and cooling facilities can ensure quality products are delivered on time. Sensors can be programmed to alert operators to temperature changes, saving time and reducing risks.
- Con: Automated systems can reduce the need for manual labor, benefiting the business owner but potentially leading to job losses. Small bakeries unable to afford expensive automated systems and sensors may struggle to compete, potentially leading to business collapse and further job losses.
Technology Increases ROI
Technology can significantly impact... Continue reading "Business Technology: Benefits and Drawbacks" »