Importance of science and technology in business

Computer systems

Efficiency

The introduction of computer systems in most workplaces has increased the efficiency of many companies. Computer systems allow everything to be done much quicker and without any stress. Records can be backed up on a tiny disc instead of having to be printed and filed and taking up space in an office. Computer systems also allow a greater ease of communication between colleagues and with clients; arranging a meeting is now as simple as sending round an email, for example.

Innovation

Computers are also used in many jobs to create graphic representations or visualisations of future projects; this is common in the domains of graphic design, construction and architecture.

Improved Sales

The internet has enabled companies to offer sales online, which means they can receive orders 24 hours a day rather than solely during working hours; this has significantly improved sales for most companies. Consumers also benefit from being able to purchase items or arrange appointments when it suits them rather than being restricted by opening hours.

Communications

Recently, the ability to communicate with others has become increasingly simple with several different forms of communication technology on offer. It is now possible to reach people at any time in any place. Developments in communication technology have impacted significantly on businesses; innovative ideas such as video conference calls, for example, can save thousands or millions of pounds by enabling people to speak without being physically close and eradicating the need to spend additional money on things such as a conference venue.

Email is one of the most influential developments in communication technology, as it enables you to contact a large number of people in a matter of seconds; this means a considerable improvement in efficiency.

Manufacturing

Scientific research and innovative technology has radically changed the manufacturing processes carried out by most companies. Technology can save businesses millions of pounds by investing in a machine rather than a workforce of people; this equates to a one-off payment which will replace years of wages. The machines developed nowadays are also much more efficient and generally prevent any accidents or errors from occurring; this is also cost-effective as there is no loss of product caused by human error.