How Technology is Changing the Face of Business Today 2 Assignment

How Technology is Changing the Face of Business Today 2 - Assignment Example Technology has changed the face of business, through its ability to advance communication and reduce barriers to business opportunities. Technology has provided a platform for the transmission of crucial information for consumers and business people (Simon, 2011). The storage of information on computer files and virtual spaces has increased the accessibility of information to parties involved in business transactions. Additionally, the use of technological approaches such as e-mails allows businesses to communicate with remotely located people, offices and customers. Netflix is one of the companies that rely on information systems to conduct its business. The most crucial business process that relies on information systems is internet video streaming. The business provides internet video streaming to internet connected devices. These devices have access to online content provided by the firm (Jin, 2011). In order to offer this service effectively, Netflix recognized the need to use information systems. Customers do not have to purchase video discs from rental services. They only subscribe to Netflix, which gives them the content through an online platform. Technological approaches and innovations have led to changes in how businesses are conducted. Technology provides a platform for increased accessibility of information and increased ease of transacting a business. Companies such as Netflix have harnessed the abilities of technology to offer their customers exemplary services and