Business Technology And Laws Associated With It

Technology plays one of the most vital roles in business. Without the expansion and innovation in technology the business would not be able to grow that vast and able to reach new levels of globalization across the world.

Benefits of technology in Business:-

Technology helps in a great manner in business as its benefits the business in following manner which are as follows:-

• It helps in massive productions of products and services as with the help of new innovative machines it has become easier for the person to do massive production which was never easy before when a person used to do hand-skilled work for manufacturing.
• It helps in reaching the business globally and among more consumers as technology makes it easy to communicate and reach people globally and explain to them about the products and services provided by us.
• It helps in increasing the profit as it helps in reducing the production cost of product and services by technology and helps in reduction of cost which therefore helps in increasing profits.
• It helps in making the sale easy by reaching more people as technology helps in selling both online and offline more which therefore helps in increasing the sales.
• It helps in faster expansion of business and growth of business in lesser time than before and helps in bringing the new innovative and better ideas for business as per the needs and requirements of the current consumer which therefore helps in long run business.

Therefore, the above few benefits are some of the most important reasons why people prefer using business technology available in the market for their business.

Now, before moving ahead on discussing the laws associated with business technology I would like to request all my readers to please share a post to us just like we did on the topic Technology Business write for us sharing their views and opinion with respect to business technology with us.

Laws associated with business technology:-

Whenever it comes to law it is always correlated with every person and business. Let us discuss few of the laws associated with business technology which are as follows:-

• Information Technology Act 2000: It is an act which came into force in the year 2000. This act is basically for all the online marketing and online related things such as softwares, networks and so on. Basically this act regulates all the activities which are related to the IT sector.
• The personal data protection bill 2019: This act regulates the personal data, storage, use and transfer of storage data. This act has been passed by lok sabha in 2019.
• The consumer protection act 2019: It deals with consumer protection.
• The geospatial Information regulation act 2016: This act has been passed by the parliament in 2016 for providing the safeguard in accessing google maps.
• The Aadhar act 2016: This act has been passed in 2016 to safeguard schemes used by various business houses and technology used by them by keeping a biometrics record with the government.