The Impact of Technology in Business Dissertation

The Impact of Technology in Business - Dissertation Example 3.0 Literature Review 3.1 Impact of communication advancement on Business Despite the fact that the bigger companies have huge and dedicated information and communication technology departments, today, the technology levels the playing field to accommodate even the smallest companies (McKenney, Copeland and Mason, 1995). The smaller companies have a huge chance of surpassing the bigger companies if the smaller companies can use the ever increasing technology to their advantage (Johnson, 2009). 3.2 Impact of Databases to replace file systems in businesses A lot of technology has been applied in businesses today. For example, Database management systems are being used over the world in businesses. The database management systems replaced the old file systems (Atkinson and Draheim, 2010). This is probably one of the most widely used technology in businesses today. The database management systems are especially used in the accounting departments. Wang, 2014, suggests that businesses are solemnly driven by databases today. The better the database design, the more effective the business. 3.3 Impact of teleconferencing and home working Technology has changed how businesses operate is improvements in communications. With advances in communications, businesses can easily communicate with clients, suppliers and other important stakeholders quite effectively. This has led to increased productivity in the businesses. With teleconferencing for example, people can attend a meeting without necessarily being together in a physical room.