Technology has always disrupted the way we do business. Let us take a look at how the latest tech developments have changed the way we do business today and what we can expect for the future. Here is what engineer and entrepreneur Armen Gharabegian has written about in a Forbes article on the web.
Gharabegian states that technology is an expediter. This means that new technology gives us the ability do certain business processes faster. We can see that he is correct when we look at the industrial revolution. The cotton gin made the separation of cotton much quicker than when done by hand.
Today technology lets us connect to virtually anywhere in the world thanks to the World Wide Web. This means that company teams and freelancers can connect across time zones and barriers. It allows greater collaboration and real-time interaction. This speeds up team projects.
Computer graphics and design lets engineers, architects and builders save hundreds of hours. They no longer have to create pages of scale drawings or blueprints painstakingly by hand. Instead, it can be done quickly on a computer. Adjustments can also be easily made easily. Thus, the work of engineers, architects, and builders has dramatically sped up thanks to technology.
Our new technology is also disrupting the traditional workforce structure. We see a shift away from company’s having in-house design teams or project managers. Instead, the internet lets companies and entrepreneurs hire freelance and contractual workers.
This workforce disruption has both its pros and cons. The disruption is also increasing in scope and number. You can expect this trend to continue disrupting the traditional corporate work structure. The internet is also leading to outsourcing of software to places like India from Europe and the United States.
To survive in the new technological business environment, companies must be willing to embrace change. It is easy to resist change says Armen Gharabegian. People are creatures of habit. We do not like sudden changes or disruptions, especially when it comes to our livelihoods.
By embracing change, we can become more productive. It may be painful or scary at first, but the results can be quite good. We must also use our technology responsibly. With new tech comes new threats. We must deal with those threats and risks accordingly to thrive as a business and community.