Emerging Technology in the Business World

Utilizing new business technologies may lead to substantial advantages. For example, "The Internal Auditor" cites reduced costs and access to new markets among the benefits of incorporating emerging business technologies into the workplace.

Examples

Successful implementation of advancing technology can be found among various major companies, including United Parcel Service (UPS) and similar courier companies, using delivery information acquisition device (DIAD) technology. About the size of a clipboard, these small computers contain package, sender and recipient information and quicken the delivery process.

Advantages

One major advantage stemming from business technology comes from the Internet, which reduces the need for traveling to meetings and quickens the transfer of information. Further, Internet phone companies, such as India's World Phone, offers broadband phone service, which reduces long-distance charges for businesses.

Future

According to "Emerging Business Online," a "new-generation technology" (as of 2010) called telepresence, is a videoconferencing technology producing high-definition, life-size images along with surround sound capability which creates the illusion of physical presence. This gives business executives and employees the option of attending meetings from distant locations.

References

• All Business: Emerging Business Technologies
• "Emerging Business Online"; Lara Fawzy, Lucas Dworski; 2010

Resources

• "The Internal Auditor"
• World Phone