Ever since the industrial revolution there has been a direct link between the success of the world of technology and the business world. Indeed business and technology feed on the success of each other; every new invention creates a product that can be marketed by the business world and the ever growing world of business drives research into new technology all the time.
There are many examples of this in the business world. If one considers how the introduction of the humble calculator and later the computer created a revolution in the accounting world, you will clearly see the principle in action. Three decades ago it seemed as if the appearance on the market of computer software that can automatically draw up financial statements for any business if a junior clerk enters the correct figures will put accountants out of work.
What actually happened was in fact the opposite: The huge array of financial analysis packages have created a growing demand for trained accountants to explain to ordinary business people how to interpret these results. Far from becoming obsolete, the accountant has become even more highly regarded.
Simultaneously this has resulted in a new career starting to blossom: the lecturer whose job it is to train accounting staff and business people in the inner working of all these software packages. As new generations of spreadsheets and financial software packages became ever more complex, the demand for trainers has also increased beyond all expectations.
If you look at the manufacturing world, you will see that new production techniques that are nearly completely automated have certainly caused a decrease in the demand for unskilled labor. The demand for skilled labor that know how to operate these production lines have increased at the same time.
There is also a growing demand for well-trained technicians who have the knowledge to service and maintain these automated production lines. The demand for labor is therefore shifting from unskilled, untrained labor to highly skilled labor all the time.
The continuous shift towards high-tech technology is changing the business world at a sometimes alarming rate. Old-world countries with an inflexible labor force and high wage levels are coming out as the losers in this game for world business dominance. The share of Asia in the world economy has nearly doubled over the past forty years, while that of Europe has dropped and the US remained stagnant.
Business and technology seem to be inextricably linked in the world race to become the most competitive economy. The country that can most effectively use technology to drive it\’s business world at the most realistic cost levels is sure to come out ahead of the others.
Every new technology leads to new products that can be sold at a huge profit by entrepreneurs the world over via online business marketing and use of search engine optimisation services . We\’ve got the inside scoop!
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