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The Role and Importance of Technology - Term Paper Example

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The following paper under the title 'The Role and Importance of Technology' presents the way that technology has affected almost every aspect of personal and professional life. In the early years, the role and importance of technology were very small…
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The Role and Importance of Technology
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Download file to see previous pages Additionally, whereas it was common in the past for data/information to be stored on paper, this is something that is becoming more of a historical legacy than reality in the current time. Another reality of changes in technology and the way that they are being reflected within the current time has to do with the fact that the most advanced technology is not only represented in businesses or firms that are the largest. What is meant by this is that even a small company or individual operation can use a complex technological system as a way of storing and accessing information from prior business transactions or future goals. This similarity between small and large enterprises creates a situation in which the reader can understand that even government agencies are interested in some of the techniques that private industry is using to maximize efficiency and engage with new technologies.
As the reader can see, a change in technology will have benefits and drawbacks – strengths and weaknesses. One of the most obvious strengths is that an advanced level of technology creates the potential for an organization/firm/business entity to engage with this data/information more effectively and make better choices based upon it. Further, an obvious drawback/weakness has to do with the fact that the process of transitioning to new technology is oftentimes extremely difficult and causes a potential loss of efficiency, time, and other resources. Because of this, it is important to perform a level of research before engaging in technological change. The underlying reason for this is that if a level of research is performed, the individual responsible for making decisions will understand the risks and challenges before they ever take place. For instance, if it is understood that a particular technological change within a given organization, department, or firm will have an extraordinarily high cost and little benefit, the decision-maker (s) can avoid this choice. ...Download file to see next pages Read More
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