Types of Technology used by Business
- Businesses have access to a range of technologies which can help improve communications flows, lower operating costs and improve their brand image
Using the above technologies can help businesses to be more effective and ensure they remain competitive
- The rise of e-commerce means customers increasingly pay online using credit/debit cards with the result that contactless payment systems (Apple Pay, Android Pay) are growing in popularity
- These make life more convenient for customers and so a business with such systems may have a competitive advantage over one that does not. However, installing such systems incurs a cost for the business