How the Twenty-First Century Has Changed Businesses

How the Twenty-First Century Has Changed Businesses

Our society and the technology we make use of is constantly changing and evolving at an increasingly rapid rate. Particularly in the last couple of decades and into the new millennium, the way we shop and work has become almost unrecognizable from how it was before in certain aspects. This is owed, in large part, to the development of the internet and the increasing ease of global communications. But how exactly has the technology of the twenty-first century changed the face of its businesses, and has it always been for the better? This article will be exploring this question and attempting to find out.

Different Careers

As computer science and technology become increasingly in-demand industries, so too do careers in this fields continue to grow. According to the Bureau of Labour Statistics, Computer systems design and related services were in the top three growth industries for the last ten years, rising by 38.3%. The business world has also seen a dramatic increase in the companies and businesses which provide computer-related services as these continually become sought after and valuable. Companies which offer digital strategy consulting and other similar services to others who may not have this expert knowledge are showing no signs of slowing down in terms of growth.

Increasing Costs

Yet, as increasingly complex and sophisticated technology becomes more in demand, the costs associated with the development of these will increase. Companies are constantly seeking to update and modernize their technologies, especially in the much larger corporations, and those that cannot afford to keep up the same rapid pace of development as their competitors will quickly be left behind.

Versatility of the Workplace

Nowadays, it is much more common for employees to be able to work from home or abroad and still maintain a close level of communication with their employers and whoever else they may need to contact. This has made it much easier for workers who might want to live in a particular country, prefer a more rural setting, or want to spend time with their families, to do so and still maintain just as effective connection with the businesses they work for. However, this can serve to be a double-edged sword in some respects, as now that technology has afforded us the luxury of being able to keep in constant close communication with our employers wherever and whenever, there’s little excuse for not being available and not being there whenever you’re needed. This can add a layer of stress as you know you’re never fully “off the clock” and can be contacted at any time, should the need arise. However, many large businesses and corporations have been able to set up locations in developing nations where they might not have been able to twenty or so years ago, as it has become easier to maintain communication and control over them from abroad. This can serve to provide an economical boost to areas which might sorely need it, as well as jobs.


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