Technology is of extreme importance in the business world, as technology proves to be a major asset to companies for many reasons. For example, the use of technology can directly affect the operations of a business or corporation. The uses of technology in the business world will merge together and work to manufacture positive, consumer-driven results that will, in turn, bring in further business to the corporation. The infrastructure offered or provided by technology in the business world can directly affect the culture, efficiency, and relationships within a business structure. Additionally, it can impact the security of information, both confidential and non-confidential.
Most of today’s businesses are subject to continued security threats and even vandalism. Threats such as these can be extremely detrimental, as most modern businesses trade online, or exchange personal information with their clients, whether it is business strategies or banking information. This proprietary information can lead to identity theft, or even the theft of executive decisions and financial data. Technology in the business world helps to keep this sensitive information out of the hands of their competition, and away from individuals who may use the information in a harmful manner. The use or incorporation of technology within the business helps to keep computers and information safeguarded with passwords, ensuring none of the information is accessed or copied by others.
Technology in the business world helps businesses in a variety of ways that typically hover around the concept of doing things bigger, better, or faster than an individual would or could without the use of technology. Widespread uses of technology in a corporation include business communication, increased production, inventory management, and even secured financial record-keeping to help keep sensitive information away from competition.
Shaygan Kheradpir is a business and technology executive, well-versed in the business technology world. Putting his education to use, Kheradpir began his career at GTE Corporation, which later merged with Bell Atlantic to form Verizon in 2000, where Kheradpir served as the CIO for eleven years. In this position, he led a team of tens of thousands that worked to support IT systems and developed new products. With the large customer base, technology in the business world was of extreme importance. Knowing the effects technology can have in the business world, and the potential threats business are exposed to without advanced technology backing them, Kheradpir worked to reduce the Verizon’s technology spending by roughly thirty percent. He did so by negotiating with company vendors, outsourcing information and positions to India, and simply improving the utilization of the company’s IT assets.
One of Kheradpir’s successes involved outsourcing information and positions to India. A business that has the technological capacity to research new or additional opportunities will stay ahead of its competition companies within the field or industry. Technology helps to complete this process, as the Internet allows for a business or corporation to virtually travel to outside markets without the cost of genuine travel. With this, the use of technology within a business allows for additional research capacity, as Kheradpir had learned with Verizon.