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What are the advantages and disadvantages of technology?

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What are the advantages and disadvantages of technology?

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REDUCED WASTE will lead to lower costs. Today, the amount of waste produced by technology can be the difference between strict environmental regulations and closure (but of course, also profitability). INCREASED PRODUCTIVITY where properly assessed, increased production, through efficiency and better planning, can also result from the introduction of new technology. LESS WORKFORCE may be needed if jobs that previously required personnel can now be automated, further reducing costs. This is an added advantage if you have few employees already, otherwise you may face redundancies. HIGHER PROFITS due to the increased efficiency which produces less costs. It may also be that new technology allows jobs to be completed quicker so that cash flow is more fluid. A HIGHER INCOME can be yours if your business is making more profit. You may even decide to give your employees a bonus that could increase their motivation. ADVANCED COMMUNICATIONS such as the use of e-mail, computer networks and mobil

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