Technology Investment: Business, Office, Blue Tooth Wireless

Technology investment facilitates innovation, progress and modernization. So, Government should promote investment in technology. Lack of investment derails growth in industrial sectors. Business community should adopt advanced technologies. Companies will not be able to face competition with outdated technologies. Students should also be taught about the benefits of advanced technologies. Training courses on office and business technologies assist students in learning about new technologies. Wireless technology is a good example of advanced technology. Wireless technologies provide various applications to users.

Technology Investment

Technology investment should support the long-term policies of a company. The company should also possess sufficient financial resources needed for investment. The organization's needs should also be considered before making an investment. Sound planning is essential to obtain an adequate return on investment. Inadequate planning could lead to financial loss. Effective investment in technology improves the performance of an organization. It promotes advancement and economic productivity. Investment in technology could create job opportunities for many people.

The return on technology investment is determined by:

• Companies' policies
• Government policies
• Operational efficiencies
• Level of customer satisfaction

Governments should play a pro-active role in technology investment. Governments should announce incentives for private sector to invest in key areas. Government support is essential in the key area of research and development.(R&D)

New Technology (Advanced Technology)

New technology enables high economic growth and a better standard of living. It promotes innovation. Many old technologies are redundant. Old technologies derail industrial growth. Advanced technology facilitates competitive effectiveness. It has a great impact on:

• Skill requirements
• Work organization
• Economic growth
• Society

New technologies should not only benefit the higher sections of the society. It should also benefit the lesser-skilled workers. The disadvantaged workers should be trained in new technologies. Training enables them to gain an expertise in new technology. Advanced technologies have made a revolution in various fields. The various fields are:

• Government
• Economy
• Medicine
• Organization
• Photography
• Tourism
• Music
• Road safety
• Military
• Journalism
• irrigation

New technology has made an impact on bio-medicine. Bio-medicine is considered to be the fastest growing industrial sector. Advanced technologies have helped in formulating new processes in diagnosis and monitoring. New technology has also paved way for progress in therapy and rehabilitation.

Wireless Technology

Wireless technology facilitates efficient delivery of data. It also provides video, voice and multi-media applications to customers. The following are the advantages of wireless technologies:

• Flexibility
• Productivity
• Affordability
• Increased reliability
• Easy to use
• Speed

Critics have serious reservations over the security of cordless technology. Intruders may violate privacy and get access to sensitive information. But, a strong encryption could protect sensitive information. Organizations may make use of risk management process. It helps in assessing and reducing the risks involved. Users should test their wireless network on a periodic basis. Users should perform security audits to protect sensitive information.

Blue Tooth Wireless Technology

Blue tooth wireless technology facilitates communication over a short distance. This network enables users to connect to devices such as mobile phones, computers and cameras. Blue tooth wireless technology does not require a cable connection. It works with radio waves. Blue tooth enables users to connect and disconnect other blue tooth devices. Users are also able to launch certain applications automatically when they are connected to the blue tooth device. This network helps users to synchronize calendars, address books and receive e-mails. Users may also pay bills through blue tooth cash register.

Education Instructional Technology

Education Instructional technology enhances the traditional teaching methods. It should be used to promote course objectives. It provides knowledge about the operations of computer hardware, software and peripherals. It also helps students in conducting research.

The benefits of Education Instructional technologies are:

• Motivates students
• Provides exposure to different learning styles
• Enhances learning
• Provides a wide variety of information
• Provides different learning channels like auditory and visual
• Easy to update and customize graphics

But, Education instructional technology has a two major draw backs. They are:

• Time consuming
• Expensive

So, users have to evaluate the benefits and drawbacks of Education instructional technology. Users have to make sure that the benefits outweigh the drawbacks. They should ensure that instructional technologies help them in achieving their objectives.

Business Technology

Business technology enables businessmen to learn new techniques. It provides expertise and flexibility. Business technologies assist organizations in formulating new strategies and goals. It also helps entrepreneurs to alter existing goals to match the objectives. This technology helps businessmen to review their strengths and weaknesses. Schools may also provide a course in business technology. This course helps students in obtaining entry-level positions in firms. The business technology course offers the following five areas of specialization:

• Accounting clerk
• Administrative assistant
• Personal banker
• Medical office assistant
• Attorney's assistant

Office Technology

Office technology courses guide students in their management careers. This technology courses enable students to gain knowledge in:

• Spread sheets
• Word processing
• Data-base management
• Desk top publishing
• Computer graphics

An office technology course helps students to get an idea on the office environment. Students also get to know about the keyboarding principles used in office.

The following are the benefits of office technology:

• Get an idea on formatting techniques
• Gain proficiency in keyboard skills
• Develop decision making skills
• Obtain skills in processing software
• Develop interviewing skills