IT Can Matter

http://smallbusiness.chron.com/pros-cons-technology-business-today-2709.html

Chris Joseph from Demand Media identified some positives and negatives of how engrained IT has become into business today.

He said that the major benefits were saving money and time. Because you don’t need to all be in the same physical location anymore and teleconferencing technology has improved greatly money is saved by some workers working form home and others not needing to travel to hold meetings. Technology has sped up many business processes that has in tern saved a lot of money.

The drawbacks he identified were dependance and the need to upgrade. Unfortunately, technology does not always improve efficiency. Being so relent on technology can cause massive losses if that equipment or software were to go down. Also, since technology is always changing you will always need to upgrade your systems which will cause many expenses in the future.

Do you agree that these are benefits and drawbacks of technology in business? Can you identify others? Which do you think are the most important to consider.