Technological advances in the last 20 years have transformed the way business is conducted around the globe. Not only has technology helped them become more efficient, but also it has enabled them to improve quality and reliability of their products. This in turn has helped the society as a whole prosper. Recent innovations in the areas of mobile and wearable computing will continue to drive the businesses, and in turn, human society towards higher standards.
Small business owners are missing out on significant sales opportunity if you do not have ecommerce presence. Online sales continue to grow at double digit rate and are expected to do so for many years to come. Amazon and eBay reported solid online sales for the Black Friday last week. More and more customers are now comfortable buying online, which is why every retailer in the world is trying to set up online presence.
Business Intelligence is the latest technology that promises to revolutionize the way management can have a pulse on their business. Today’s businesses are awash in data generated from all types of sources at the fastest rate in the history. Majority of businesses cannot keep up with this so called Big Data and simply don’t understand what to do with it. No doubt this data holds lot of valuable insight and can help businesses make the right decision at the right time. The problem is finding that needle in this haystack. This is where business intelligence tools come into picture. Companies are investing large sums of money in these tools. When used properly these tools can provide succinct reports that can managers gain insights make quick decisions.
Broadband has revolutionized the way small businesses provide services to their customers. Majority of the population in developed countries has access to broadband. With the ability to combine voice, data, television into once affordable package broadband providers can provide a compelling value proposition to small business owners as well as individuals. Those who do not take advantage of this are at a disadvantage. With broader access and ever decreasing price there is no excuse for a small business owner to not jump on the broadband train.
Small businesses spend significant money on IT infrastructure. Traditionally, they have owned the IT assets themselves and have to carry the burden of capital purchase and ongoing maintenance cost. However, there is a paradigm shift occurring in the IT industry with what is commonly known as cloud computing. This has the potential to dramatically change the way small businesses operate their IT infrastructure. With cloud computing small businesses no longer need to own the IT assets themselves. Instead, they can rent these assets on as needed basis and only pay for what they use. You can think of this as analogous to buying electricity from utility company.
Communication technology has come a long way from the time Alexander Graham Bell made a first phone call to Watson. The rise of internet in the last 10 years has benefited communication technology by demanding an ever increasing need for speed. As a result, tasks that used to take 20 minutes to download in the early days of internet can now be accomplished in 2 seconds. Financial firms are putting more and more advanced technology to increase the speed of their trade execution even by few milliseconds. Communication companies have responded to this need by developing and deploying advanced technology.
Are you an online entrepreneur interested in increased website traffic? If you’re selling products and/or services online, your first goal has to be to increase the number of people that visit your website. However, getting more people to browse your website is easier said than done. With millions of web sites available to choose from, people today have limited time and patience to visit a site that does not provide true value. You have to rely on search engines and other avenues to refer traffic to your website. This requires knowledge of the latest search engine marketing techniques, which is why so many online companies end up outsourcing internet marketing to professionals knowledgeable about SEO.
Big or small, all businesses are at risk from a very wide range of information security threats. Given the recent trend of businesses being mostly reliant on the internet for communication as well as business operations, all companies are now vulnerable to hackers, viruses and a whole host of other dangers.
It’s nearly inevitable that your company will suffer from a security breach at some point, unless your security system is rigid and constantly updated and reviewed. Up to 93 percent of large businesses in the UK had at least one security breach last year, with 87 percent of small businesses suffering from one – a 76 percent increase from a year ago!
If your company sustains an attack, it is vital that you respond swiftly and confidently, in order to prevent further damage.
In 2012, a faculty member at the M.D. Anderson Cancer Center, part of the University of Texas, discovered that his home had been robbed. A laptop lost in the robbery contained 30,000 unencrypted patient medical records including patient health information and Social Security numbers. In addition to informing those whose information had been lost, M.D. Anderson offered free credit monitoring to anyone affected by the breach. Also, under new HITECH regulations, health care organizations like M.D. Anderson could face up to $1.5 million per privacy violation.
Congratulations!! Your hard work in starting a small business has begun to pay off. You started it as a hobby by running it from your laptop on the kitchen table or a garage. The customers like what you are selling and the word is beginning to spread. The sales are growing at a healthy clip and soon you are going to hire your first batch of employees.
As soon as you have more than one employee with their own laptops you will realize the need for sharing data and computer programs. You need reliable way to store and access the data as well as common computer programs between all the employees. This is where the computer server comes in the picture. But, just what is a server?