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Impact of Technology on Business

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Together with the advancement of science and technology, technological innovations grew along with it, resulting to the emergence of new equipment and gadgets. No matter how big or small your company is, technology brings both intangible and tangible benefits to become cost efficient and to meet the growing demands and needs of customers. Technological innovations affect corporate efficiency, culture and relationship among employees, clients, suppliers and customers. The type and quality of technology used affect the security of confidential business information.

Due to the burden brought by administrative tasks, like inventory, bookkeeping and records keeping, both big and small companies rely on computers to do their administrative works. The birth of Internet and online social networking sites tremendously decreased the costs of business operations. It also makes it easier for companies to use the Six Sigma management methodologies. Some firms shifted to outsourcing instead of hiring their own personnel due to the low costs associated with it. Because of the huge impact of technological innovations to companies, it is impossible for them to live with it.

Commonly used high technology equipment:

Computers

Photocopier

Telephone

Computer printer

Internet

Paper shredder

Multimedia projector

Touch screen monitors

Computer mouse

Laptop computers

Advantages of Technology to Business:

Customer Relations. Technology affects the way companies communicate and establish relations with their clients. In a fast moving and business environment, it is vital for them to interact with clients regularly and quickly to gain their trust and to obtain customer loyalty. With the use of Internet and online social networks, firms interact with consumers and answer all their queries about the product. Establishing effective communication with customers not only creates rapport with them, but it also creates strong public image. It allows business enterprises to reduce and to cut carbon dioxide emissions.

Business Operations. With the use of technological innovations, business owners and entrepreneur understand their cash flow better, how to manage their storage costs well and enables you to save time and money.

Corporate Culture. Technology lets employees communicate and interact with other employees in other countries. It establishes clique and prevents social tensions from arising.

Security. Modern security equipment enables companies to protect their financial data, confidential business information and decisions.

Research Opportunities. It provides a venue to conduct studies to keep themselves ahead of competitors. It allows companies to virtually travel into unknown markets.

Corporate Reports. With technology, business enterprises communicate effectively with their branch offices to deliver quality financial and operational reports.

Industrial Productivity. Through the use of business software programs or software packages, it automated traditional manufacturing process, reduces labor costs and enhances manufacturing productivity. It enables companies to increase efficiency and production output.

Business mobility. Technological innovations improved companies’ sales, services, shorted lead time on receiving and delivering goods and services. Enables them to penetrate multiple markets at least costs.

Research capacity. It enables them to conduct studies on various companies to gain knowledge on the new trends in the market and way on avoiding them.

Read About Science and Technology Interface

Science and Technology Interface

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The most important consideration should be the integration of science and technology. We have created boundaries between science and technology and between physical sciences and biological sciences. Even in the management of higher education, the All India Technical Council of Education (AICTE) look after technical and professional and university Grants Commission (UGC) looks after science education. We should either merge these entities or allow both to look after science and technology in the institutes associated with these bodies. If we separate science from technology are getting complicated; without integrating technology with science we will not be able to translate research into tangible products and create value.

As an example breeding superior crops for ushering in a second green revolution requires both knowledge of basic and applied biology. Future breeders will require a sound knowledge of molecular biology, genetics, bio-chemistry, mathematics and statistics, skills in computational work and handling laboratory equipment. Unfortunately, such education is not being imparted nor are there concerted efforts to create interdisciplinary teams to use the knowledge of molecular biology and genomic to produce novel seeds, which would require lesser inputs of water and chemicals and provide higher yield as compared to the present varieties and hybrids.

To take an example from chemistry, those who want to research new drug molecules or pesticides need some knowledge of biological sciences as a large number of chemical are being synthesized and studies for use on biological entities. Research in the field of nano-materials requires a sound knowledge of both chemistry and physics and a feel for technology.

To create a strong science-technology interface at the University of Delhi, They have initiated three M-Tech courses-nuclear physics and process development—to train students in areas that require knowledge of both science and technology. Students with undergraduate degree in natural sciences are admitted in these three-year courses. We hope this will set a new trend in the country in developing a strong science-technology interface.

Research is conducted both for satisfying curiosity and for generating value. Research that satisfies curiosity is important but research that creates values is even more important. Indian needs strong research and development in areas that will generate value—new seeds, new drugs, electronic devices, new materials for the developing new tangible products, participation of industry in research and development programme, it is the industry which will scale up, commercialize, and create wealth. Bodies like department of sciences and technology, department of bio-technology and council of scientific and industrial research have taken step in involving industry in research projects. However, larger efforts are required.

Both basic science and technology development research can be improved by improving our competitive research grant system provided by the departments of ministry of science and technology. Submitted research projects should be approved or rejected in no more than four months. To encourage industry-university puts one repee in a research project, the government agencies should put double that amount.

Read About Telecom Technology News

Telecom Technology News

Before discussing about telecom technologies, at first we should be aware of the term ‘’telecommunication”, it is said to be as sending some sort of information over particular distance. As we know in earlier times telecommunication was only possible via visual signals like smoke signals, signal flags, loud whistles etc. Nowadays telecommunication means the use of radio or microwave communication apart from telegraph, telephone, teleprinter etc. Again a telecommunication basically comprises of three units namely-transmitter, medium, receiver. Generations of cellular networks are 1G, 2G, 3G, and 4G.

1st Generation

1G (First Generation System) was based on analogue technology. It uses the FDMA technique for making communication.

2nd Generation

 It was also known as Digital Cellular System. 2G technologies mainly compromises of GSM, IS-95, IS-136.Of which GSM based on TDMA technique,IS-95 based on CDMA technique & IS-136 better known as D-AMPS based again on TDMA technique. This technology brings two basic terms like voice services & slow data transmission. Providing data rates up to 236.8 kbps. Same in case of CDMA One evolve to CDMA2000 1x or 1xRTT proving both voice & data communication at a good data rate of around 60-100 kbps compared to almost 14.4 kbps in case of CDMA One. Slowly but steadily we are heading towards the high data rate system also known to be as 3G (Third Generation System).

3rd Generation

Already 2.5G systems were introduced to facilitate the need of high data rate consumption, but it was not enough. Soon individuals demands for separate packet data rather than circuit switched data. Moving towards 3G it is a part of IMT-2000 providing some new services like video calls, mobile TV, mobile internet, voice calls, etc. Again new license was to be obtained for new frequency spectrum & the equipments were quite different, so a whole new set up was required. Under the 3G CDMA 2000 EV-DO Release 0 was also introduced. This technology was using both CDMA & TDM technique. Its aim was to achieve more than 2 Mbps data rates. After that same like that of 2G, 3G was evolved into 3.5G also known as HSPA comes under UMTS system which was combination of HSDPA (High Speed Downlink Packet Access) & HSUPA (High Speed Uplink Packet Access).Here the data rates almost reach up to 14 Mbps as downlink & 5 Mbps as uplink.

4th Generation

 4G offers around 100 Mbps. 4G uses the term either LTE or Wimax, but all are using same modulation technique i.e., OFDM. Right now this 4G has evolved to 4G Advanced in some countries & offering the data rates of around 1Gbps.

Read About Computer Forensics Technology

Computer Forensics Technology

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The fact that computer forensics tools and methods can be successfully use to identify user passwords, computer logons, as well as other transparent information is absolutely correct. A simple example of this can be the extraction of password through file sharing. If a file sharing is enabled on a computer, then services such as NetBIOS can be sued to retrieve sensitive information about the system, such as the user names, configuration of the system as well as registry keys. These pieces of information can then be used to allow for a brute force password attack against any Windows NT system.  Furthermore, on a network, software such as packet sniffers can be used to extract data from the packets travelling a particular segment of a network, which can contain confidential information such as user credentials.

A simple utility which is often ignored called FINGER, can also be used to extract information about user logons remotely on computers on which the service has not been disabled. With regards to identification, detection and extraction of information that is transparently moved between different components of a computer, forensic tools allow the computer forensic experts to have a look at data that is generated from past activities on the computer. This data may be found in the swap files that contain temporary data generated by the various programs. This data may not only provide information about the usage of the program but also provide clues about the users credential and other information that is not saved in user files. Forensic tools can also have a look at data in file slack and unallocated file space, which is unreadable by the user in normal circumstances. This form of data can be categorized uniquely as ambient data and may span up to 50% of a computer hard drive. This ambient data may contain email fragments, word processing fragments, directory tree snapshots as well as remnants of any activity that has occurred in past work sessions on a computer. These chunks of data, when read, may provide important information and can prove to be an important clue for computer forensic expert looking for evidence, but these activities are only made possible with the help of computer forensic tools (Vacca, 2005).

Read About Technology Benefits Business

Technology Benefits Business

If your mid-sized electronics business maintains from 3 to 25 locations, POS retail software technology can really benefit your business. If you had previously researched this technology and found it to be expensive and hard to use, you should know that things have changed. Now you can find a POS retail software supplier that understands the economic challenges most businesses are going through. These suppliers use low-cost Software as a Service (SaaS) platforms that allow for web-based implementation rather than using expensive on-site servers.
A benefit of using a SaaS hosted POS retail supplier is the pay-as-you-go monthly subscription rather than expensive long-term contracts. POS retail software suppliers know you need cost-effective yet sophisticated tools to help grow your business. They work to integrate the POS retail software with your existing tools and hardware. This means you can use your Mac or PC and its current operating system and your existing barcode scanners and credit card swipes. This eliminates the need to purchase hardware to run your POS retail software and also shortens the learning curve.
The beauty of these state-of-the-art POS retail software systems is in their simplicity. Because they are user friendly, you are quickly up and running. Training is completed around your schedule and is usually web-based. Using the latest technologies, POS retail software suppliers help you to manage your information matrix from any location. Gone are the end-of-day or end-of-week reports. You will be using real-time information whenever you are ready for it.
POS retail software service companies offer unique products and services. By asking questions about their products and services you will be able to find the POS retail software service company that best meets your needs. Whether you sell electronics or sporting goods and you have 25 stores or 3, your company will benefit from a real-time POS retail software system. Working with an experienced company that has completed thousands of installations is the best way to get what you need. Because they have the experience, they can individualize your hosted POS retail software to your exact needs and provide your business with the solutions it wants.
Using SaaS POS retail software brings definite benefits. If you have a customer who cannot find a specific product at one of your locations, your POS retail software can immediately find that product at another location if it exists. By having this information immediately, you may be able to save a sale and create a returning customer. Increase in sales is a definite benefit of POS retail software systems. Another benefit is reduced costs. By knowing how much inventory you have and where it is at all times, you can more efficiently place orders for additional merchandise. You will have no problems with double orders because you will receive a notification each time an order is placed and will be able to catch any doubling that may try to occur.
Another benefit to POS retail software is the ability to track sales by time of day. This means you can see exactly when each location is the busiest and plan employee work schedules appropriately. As you can see, SaaS hosted POS retail software helps in many areas, which increases your profit margin.

Read About Technology For Flourishing Business

Technology For Flourishing Business

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Higher business opportunities and contracting gaps in the domain of business on the globe through Internet, has given rise to intense competition in the global market. People now can exchange offers, deal from one region to another, target different countries customer for their own use in business. Therefore, Internet has eventually transcended the international barriers that were earlier present due to no communication or least source of communication. Every business organization target some specific audience to excel but they can now outreaching clients through exceptional website developed by ace Web Development Company.

To organically attract more clients, there is a need to develop creative website which should be user-friendly, catchy, informative and Seo complied. If the website has all these above characteristics then nobody can overlook or overtake you in fetching global business. It is not possible for business firms to create web page of their own which is only possible through hiring some well expert Web Development Company. You can easily hire some company offering proficient services of web designing and complete web solutions to make your online presence effective while beating the competition.With the advance technology, you easily reach your clients on video chat, verbal chat, electronic money transfer, online banking and many more. You won’t have to even meet them personally to fix a new deal when it can be fixed online. However, for every possible thing you need to have superior services as well from the part of established names which also require timely delivery and dedication towards work.

You must keep a tab on few features when looking for website designing company as your business ultimately relies on their hardwork and expertise in technology they will put into your webpage. So it would be better for you to determine some of the factors before hiring company:

Before going through anything, just look at their portfolio which will say everything you need to know. A strong portfolio of IT firm defines capabilities, projects undertaken and completed, achievements and their clients. Moreover, their work can be easily determine with the feedback on their website which will all the more strengthen your decision to hire that company or not for the better results in future.

To achieve results sooner, it is always better to select Expert company having more knowledgeable employees.

Cost-effective website designing is a better idea but don’t compromise on quality. Budget is important aspect to consider so plan your website accordingly.

Get your website designed using latest technology which is important not only for user but for clients as well.

Computer Technology

Future-Computers

Computer technology just like other technologies has developed overtime and has also influenced our lives in different ways.  The research in human-computers interaction has been very successful and has influenced the computing system all over the world.  When we compare the evolution of computer technology and the several inventions that has taken place, it is evident that this industry is growing very fast and at a very high speed. This has been attributed to different challenges that have been faced by the players in this industry.  Information technology often shortens as IT is the common term that is commonly used to refer to the entire computer industry. It involves the use computers and software in the to mange information. However different companies use different terms to mean computer technology with some companies using terms like management information systems.

The history of information technology is very interesting. This can be traced from the time when a department of information technology used a single computer operator especially for data storage to the modern time with complex communication between computers across the world. For business people, this has altered the business field in which the business field has been level and most businesses and customers are able to communicate freely despite time and location (Schwabach 2006 p87).

The major players in this field are always in constant research in order to come up with the most current products for the competitive market. This is because this industry has become the backbone of the development of all the other industry. Information technology and computers are mandatory requirements for all the organizations in the current business world (Schwabach 2006 p87). However, players in this industry still experience major challenges with regard to piracy and conspiracy of most of their products. Major players which include Microsoft international, Toshiba, Acer, Compaq, Dell, and Hp among other players have not been able to control this illegal act despite their worldwide operations.

Computer technology industry is majorly concerned in the facilitation of communication, data storage, data processing and data delivery to the right people at the right time. This function is essential to every organization that is involved in business activities across the world. Currently, there is intense competition in this industry and the major player, Microsoft international is no longer enjoying the monopoly power that it used to enjoy before. However, this has led to the reduction in the cost of different products if compared to the past. This has also been attributed to partly by the advancement in the technology as well as due to the upcoming new products.

Computer technology has also been popular across the world and the field of expertise has been developed to a new level. Professionals in this field are many and the services that called for highly trained professionals can now be handled by ordinary people due to the production of computer programs that are user friendly (Geisst 2006 p.28). The availability of computers and the reduction in the cost of computers as well as training has also contributed to exposure IT by almost everybody unlike in the past when computers were for the rich and the middle income earners. Many individuals have become IT professionals are now helping in the executing different tasks like, computer networking and information processing, data management, data base and software design, engineering of computer hardware as well as the administration and management of the entire systems at affordable cost. One of the companies the major player in this industry is the Microsoft Corporation which has also transformed this industry at a great deal.

Microsoft Corporation
Background

Microsoft is a multinational company that is located in Redmond, Washington in the United States of America. Microsoft is a company that has world wide business operations and supports the computing industry in licensing, manufacturing and supporting a wide range of product and services in this industry. Through its product division, Microsoft Corporation consists of a variety of products that includes both services as well as tangible products. Microsoft was constituted I the United States of America on 4th April 1975 with the major objective of developing and selling BASIC interpreters mainly for Altair 8800. However, Microsoft has since dominated the operating system market by developing different products which it has dominated do date. Microsoft home computer operating systems are the most and the commonly used operating in different parts of the world. It has also dominated the office suite with the popular Microsoft office, recently ventured into the video game industry with the introduction of Xbox as well as in the electronics when they introduced Zune into the market (Shelly 2008 p.56). However, Microsoft Corporation has been criticised that it has for a long time used its monopolistic practices in business which they claimed included anticompetitive strategies. The European commission as well as the department of justice in the U.S. also confirmed that they violated the antitrust laws.

Product division

Microsoft Corporation offers a wide range of products into the markets both in the United States and internationally in other countries. These products include Server and tools, windows and windows live division as well as online services in their company clients section. These include a variety of server products, web application programs, software distribution, path management as well as software inventory (Schwabach 2006 p87). This division also provides consulting services in Information technology such as in the certifications of programs hence help in the development of programs and software by other partners.