Question

Discuss web enabling technologies that will be used to power your business in the global economy: the business is a flip and restoration real estate company subject is management information systems

Answer 1

Modern Web Technologies make it easier for industries to flourish more than ever. Technology indeed, can empower businesses. It can also help a business stand out from the rest and gain a competitive advantage in its respective field.The companies have gained measurable business benefits by using web enabling technologies like

1) More innovative products and services

2) More effective marketing

3) Better access to knowledge

4) Lower cost of doing business

5) Higher revenues.

Companies that made greater use of the technologies have even greater benefits. Some of the technologies which are helping in business growth in economy are:

1) Cloud system :- With the use of the cloud, the business can now perform tasks instantly compared to weeks or months that one process traditionally takes. It can also give business agility to be more productive and efficient because they are now able to deliver results faster. It will also reduce operational issues so employees can now perform other more important tasks.

2)  Web-based project management software :- It entails processes like scheduling, calculating a critical path, building timelines, creating task lists, managing resources, controlling documents, and providing audit trails. All of these processes can be controlled and monitored in a centralized software.

3) Social media:- It can be very helpful to businesses. The more people you can reach, the more potential sales you can have.

4) Automated tasks:- These platforms offer more security so will have a peace of mind that you will not have any discrepancies. One of the useful app is MailChimp which makes email marketing easier. Instead of manually paying out your employees, you can use Deluxe payroll system. This saves your time , your money and can also reduce labor.

5) Teleconferencing :- With the use of video conferencing and meeting apps, you will be able to connect with people in multiple locations, an interactive way to provide effective communications with active participations of attendees.This technology can maximize to help business achieve its maximum potential. It can simplify the business processes and make business more efficient and effective. It can also increase your sales because you will be able to reach many people.

Web 2.0 technologies can also be a powerful source for an organization, their interactivity promises to bring more employees into daily contact at lower cost. When used effectively, they also may encourage participation in projects and idea sharing thus deepening a company’s pool of knowledge. They may bring greater scope and scale to organizations as well, strengthening bonds with customers and improving communications with suppliers and outside partners.