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Importance of Technology in Business

Tony Orji by Tony Orji
May 18, 2021
in ICT Update, INews, Inspiration, Lifestyle, News, Socio-Economic Issues
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Importance Of Technology in Business

Do you ever wonder why technology is so important in business? The answer is straightforward and simple. Technology saves you time and effort, and it also improves your organization’s security. Numerous factors contribute to the importance of technology in business, as the role it plays is critical to the smooth and efficient operation of the business.

The corporate world cannot ignore the benefits that technology brings to businesses, as the majority of tasks today rely on cutting-edge technological equipment. To maintain a streamlined workflow, businesses must implement advanced technology – tools created specifically for business operations by technology developers.

 

Here are ten reasons why technology is no longer a luxury but a necessity:

 

1. Technology Improves Efficiency

2. Technology Helps Improve Communication

3. Helps in Protection Against Attacks

4. Unlimited Supply of Knowledge

5. Employees Need Technology to Work Efficiently

6. Increased Employee Engagement

7. Technology Expands a Business’s Capacity

8. Explore New Markets for Growth

9. Technology Brings Cryptocurrency into Being

10. Technology is Required for Business Expansion

 

SIIT Academic Council

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About Dr. Anthony Orji

Dr Anthony Orji

Senior Lecturer, Economics, UNN

Dr Anthony Orji is a Ph.D holder in Economics and a lecturer at the Department of Economics, University of Nigeria Nsukka.

He obtained his B.Sc, Msc and Ph.D Degrees from the University of Nigeria, Nsukka and a Post Graduate Diploma in Sustainable Local Economic Development (SLED) from Erasmus University, Rotterdam Netherlands.

Dr Anthony Orji

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