The Meaning of Technology To The Employees of a Company

Question: Describe about The Meaning of Technology To The Employees of a Company. Answer: The meaning of technology to the employees of the company The advancements in the technical, informational and communicational technology has changed the way employees worked in a particular company 10 years ago. This advancement has increased the efficiency and productivity of the employees. Advancements in the different technologies are today used efficiently to increase the revenue from the business. For the employees it is possible for the employees to expertise in a particular area which can be integrated to the different production processes. For the managers the management information systems are helpful to make decisions in the critical business situations (Haeussler, Patzelt and Zahra 2012). In case of national defense the soldiers are equipped and supported by a web of software that can be used in logistics, communication and guidance in the war front. Again in case of the any law farm, the employees can use the e-discovery software applications to find and analyze a legal document. This saves a lot of time for the employees. The implementation of the technologies in the workplace makes their job much easier than previous times. If we take an example of banking industry, the use of MICR (Magnetic ink character reader) has helped the amount of manual work done by the employees. This reader automatically reads the character on the cheque and generates the information of the account holder. In addition to that the advancements in the security measures also helps in reducing the chances of mistakes and frauds while doing their jobs. Moreover, the employees can do multiple tasks at the same time using the latest technology (Maruping and Magni 2015). At the same time the employees can report according to the hierarchy in real-time which helps in faster completion of the different related tasks. The advancements in the communication techn ology also help in better collaboration between the different team members in a development project. References Haeussler, C., Patzelt, H. and Zahra, S.A., 2012. Strategic alliances and product development in high technology new firms: The moderating effect of technological capabilities.Journal of Business Venturing,27(2), pp.217-233. Maruping, L.M. and Magni, M., 2015. Motivating Employees to Explore Collaboration Technology in Team Contexts.Mis Quarterly,39(1), pp.1-16.