Revolution
"During certain periods in history, innovations in technology have grown at such a rapid pace that they have produced what have become known as industrial revolutions." (Source: Bergen)
About 200 years ago an industrial revolution was in place whereby machinery and steam power changed the world in a short period of time. 200 years later we are living in yet another revolution.
Technology is changing the way people live and interact. Newlyweds meet online (est 12% in USA), workers connect to the office from home and niche small businesses can now market and sell globally.
The use of technology will become increasingly important to help give SME's a competitive edge. Kevin Reed makes reference to this in his article in What PC. He discusses small accountancy practices, but the general points of how technology can help a small business operate and improve its service applies to all sectors.
One example he gives is online accounting products like Twinfield (which we use at work to power our GJ Online offering). Using online products allow the business team to truly collaborate. It opens doors that were previously closed to small businesses and available only to large companies.
We are in a technology revolution and the reality is that we are nowhere near its end.
Technorati Tags: small business medium sized business sme smb blogging accountants sme-blog
Looking at the landscape from my wee perch, I'm coming to the view we're only just tripping over the starting line.
Posted by: Dennis Howlett | 11 July 2006 at 05:18
Isn't that a remarkable thought just think of the changes in the next 100 years?
The other big change I can see coming is in the field of genetics. I read in The Times today, in the longer term, it may be possible using stem cells for a single person to provide both the eggs and sperm needed to create an embryo. Truly strange and raises the important question of how our society will respond ethically.
Posted by: Philip Woodgate | 11 July 2006 at 13:28
oooh yes - scary isn't it?
Posted by: Dennis Howlett | 11 July 2006 at 13:55
I was interested. Have you had any negative comments on the online accounting yet?
Posted by: Maytham | 10 January 2007 at 16:09
Hi Maytham
The obvious one is that you need a reasonable internet connection for it to work! That is still a problem in some parts of the world.
Posted by: Philip Woodgate | 10 January 2007 at 18:26