The advances in the technology and pharmaceutical products have resulted in a lot of innovations in the healthcare industry. 59. Data Security and storage: Accounting as a process deals with analyzing financial data of a business or an organization. For a business to stay organized and serve its customers well, it has to use effective communication tools. Small businesses have used technology to create new ways of competing with well-established companies.
Technology is human knowledge which involves tools, materials, and systems. The reasons for this lie not in the underlying technology, but in how the products made possible by those technologies were brought to market (free vs. walled garden, etc.) and the differences in the strategic visions of each company.
Some businesses or organizations have automated some sectors and others have equipped their employees with technological tools like computers to help them speed up their tasks while at work. The invention of the telephone and radio services has broadened human communication.
Neil Postman also sees technology as undermining human processes as well. Students can have access to all teaching materials and resources online; engage in virtual classrooms real time or asynchronously. Many business minded persons even require that a hotel offer internet services so that they can keep working while on the road.
Saves time: Since most of the activities in the business are automated, time is saved during the process. The branch of knowledge that deals with the creation and use of technical means and their interrelation with life, society, and the environment, drawing upon such subjects as industrial arts, engineering, applied science, and pure science.