How Does Technology Increase Productivity?

We are past the point of having to explain how digital use has become normalised in society. Our everyday lives speak for themselves. However, it is worth understanding why. And the answer is simple: technology increases productivity.

Today, it is the backbone upon which a number of new discoveries, developments, and trends rest. And the reason for that is, in part, how technology increases productivity by streamlining workings and speeding communication. Either way, the impact of new technology on our lives has been profound and worth exploring. 

Technology and Productivity: The Ties

There is no denying the effect of technological productivity increase. 

Automation = Efficiency

A distinctive feature of technological advancement, automation is historically and currently beloved amongst industrialists for its role in reducing manual labour and task repetition. From the first industrial printer to the more recent 3D printer, it has eased the need for labour. As one may be familiar from books and films detailing factory environments, many production tasks are automated today. Thus, production houses become more efficient and faster while reducing the risk of errors. Thus, it allows human employees to set their minds to higher-value tasks.

  • Seamless Communication and Collaboration:

    Perhaps one of the easiest for everyday people to experience. A continuous and immediate manner of instant communication when apart. This was more than anybody could ever have dreamed of, as recently as half a century ago. 

    If there is ever a question of whether technology increases productivity, one need only consider cloud-based platforms, video conferencing, and instant messaging. The general public has cleverly adapted this in distinctive and original ways. Today, these same tools make connectivity and teamwork seamless and enable young people worldwide to become digital students. They swap classrooms for online sessions and campuses with homes or offices. LUBM itself now has a decade-long history of enabling students to attain degrees from the UK or Europe.  

    And so, corporate entities see speedier decision-making and enhanced teamwork. 

  • Data-Driven Decision Making:

    An often underappreciated way in which technology increases productivity; data gathering, storage, and compilation, which has greatly enhanced human existence. With the advent of today’s technology, organizations and research centres are better able to collect, analyze, and interpret vast amounts of data. Not only does this (very obviously) aid the pursuit of scientific inquiry, but it’s also applicable to businesses. As insights become easier to access, informed decision-making is nurtured deeply. 

    Thus, business intelligence tools and predictive analytics come to life. Besides, entities use them to make better, more strategic choices, improving life for all concerned.

  • Remote Work and Flexibility:

    Perhaps one of the most popular and beloved side effects of when technology increases productivity; remote work. As post-pandemic studies have revealed to the world, employees worldwide rate flexible work as more important than even pay rises! 

    Thankfully for many of us, the explosive growth of communication technology has made remote or flexible work commonplace. From virtual offices and meetings to remote access to company systems, it has been the hallmark of employee satisfaction and happiness. That aside, human resource companies in particular have tapped into the trend by tapping into the global talent pool. This arrangement benefits both businesses and employees. Thank you, technology!

  • Enhanced Customer Service:

    We know this one already. Improved customer service is an almost textbook example of how technology increases productivity. Who can forget the episode of the popular comedy sitcom Friends, where Pheobe Buffay spends over 24 hours on the phone in an attempt to reach customer service? Access to customer service through chatbots, social media, and personalized email has empowered consumers. That aside, the same allows businesses to reach out to potential customers. Further, they can respond swiftly, attend to individual customers, and increase customer satisfaction and loyalty.

  • Learning and Skill Development:

    Once again, we circle back to the root of human development; sharing information. Multiple studies and blogs report on the impact of technology on education. We cannot collectively ignore how it contributes to skill development, improving lives, and equalizing the world. Online programs, webinars, and e-learning platforms make continuous learning accessible to individuals. Not only can hopefuls learn new skills, but existing employees can also keep their CVs relevant, inviting growth. If you are looking for how technology increases productivity the most, look no further.

  • Innovation and Competitive Edge:

    This one is self-explanatory. A key method through which technology increases productivity is how it inspires further innovation. Today, we use existing technology to invent new technology. Thus, businesses acquire a competitive edge. In the process, they set new trends and support research and development that change lives for the better.

  • Time Management and Organization:

    Today, our phones and browsers are inundated with task management apps, calendars, and scheduling tools. These nifty little ways in which technology increases productivity by helping people manage their time better are quite popular. As users prioritize tasks better and stay organized, it reduces stress. And, as study after study reveals, decreased stress boosts productivity largely. Perhaps we can take a moment to appreciate how our newly optimized workflows help us achieve our goals more easily.

Conclusion:

At the Lincoln University of Business Management, we know firsthand how technology increases productivity. As mentioned above, we know this due to our decade-long experience as accredited degree providers. We pride ourselves on building lasting partnerships with ranked universities from the UK and Europe. And then we provide their most popular courses online so that students from anywhere can access them. Make your technology work for you, and explore our courses.

Apply today to avail of the scholarship for aspiring professionals. 

Take a look at this blog: 10 Essential Skills Developed in a Master’s in Artificial Intelligence

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