In the last few decades information technology has grown at an exponential rate. This growth has naturally made its way into the business world. Most companies of the modern age see this new technology as a means to making their business more efficient. A more efficient business is a more profitable business. Those businesses that do not hop on to the the evolutionary curve are usually doomed to obscurity. However, the companies that choose to "play ball," retain their ability to stay competitive in a rapidly changing technological world.
In the past, information technology was responsible for employing about half of the population. That number has more than likely risen since then due to the extreme influx of new technology in this highly electronic age. This new technology has aided employees greatly. It has given them much greater mobility. With the use of emails and cell phones, communication with employees has become almost boundless. This gives the average employee a way to work away from the office. These subtle advancements make life among the working class smoother and more efficient. Better efficiency translates to increased profit margins.
New technology allows for companies to break traditional molds of business. For instance, in 2010 91% of businesses allow employees to work from their homes on occasion. This would not even have been a possibility in the eighties. However, in our modern times businesses are beginning to see the benefits of telecommuting. These benefits include productivity gains, reduced absenteeism, reduced employee turnover costs, reduced real estate costs, and reduced relocation costs to name a few. In combination with these benefits, telecommuting also offers more flexibility and a relief from workplace policies such as dress code and formal office hours.
This innovative technology also allows the formation of cyber/virtual teams. This allows companies to bring together the best people for a certain job regardless of time or location. Technologies such as email, teleconferencing, and video conferencing are making such collaborations possible. These collaborations allow businesses to work more smoothly internally and to work with other businesses to accomplish certain goals.
http://www.helium.com/items/436615-what-is-the-impact-of-new-technology-in-the-workplace?page=2
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Trying to find a job in our present economy can be a daunting task. And as students complete their college degrees, their majors prove to be outdated by the time they graduate. But, information systems and technology is expanding at such a fast rate that people with degrees in these areas will have an easier time when it comes to job searching. I think it is incredibly important for businesses to keep up to date on techonological advancments because they can help to save money and improve their internal systems. Because of this, these fields are inevitably expanding.
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