Business is all about adapting and providing the latest interests to your customers. Technology has been present in society for many years now.
Ever since the popularity of mobile phones and televisions, we have seen the boom of electronics. The advancement of technology has been increasing since. It isn’t surprising to note that many organizations and businesses have adapted to the changing times.
However, some are still hesitant to move forward. As one of the leading legal teams in East Africa, The Shikana Group is the help you need. With experienced legal advisors, Shikana can guide you on how you can elevate your business with technology in Tanzania. Keep reading to find out.
Technology In Business
Technology has entered the business industry and has made major waves in it. Almost every company now has the technology to improve and grow their business.
Customers have increased access to technology and expect businesses and service providers to adapt to their needs. As a result, technology has created opportunities to promote its brand image.
Why Is It Important In Business?
1. It improves efficiency:
Efficiency is one of the most important objectives a company can have. It refers to the idea of how well a business is productive and can manage to produce numerous quality products in a certain period of time.
When efficiency is up to the standard, it usually means that a business is handling its operations well. Moreover, with the introduction of technology, efficiency has improved massively.
It has smoothened work schedules and productivity. Naturally, technology has added benefits and techniques that help companies improve their productivity.
2. Communication becomes easier:
In business, communication is key. It allows operations and tasks to be successfully done. Along with technology, this becomes easier as mobile phones, messaging applications, monitors, and sound systems make communication simpler.
Conference calls make meetings and proceed accordingly without interruptions. Clients and customers also have a way of contacting the company, thus, bringing in more revenue. Emails, contact calls, newsletters and other means of contact have made customer-and-business interactions easier.
3. Saves Time and Money:
Technology in Tanzania has positively impacted companies’ production and working methods.
Companies now use a lot of mechanical equipment to bring value to their business. In fact, having access to higher and advanced technology can mean that the company is capable enough.
Work can be done in a short amount of time and more output can be produced without interruptions. Machines now replace the repetitive tasks previously done by hard-working individuals.
Companies have fewer employee and labor costs. Therefore, companies now offer more specialized and difficult tasks to employees, further making opportunities for growth and promotions.
4. Enables security:
Technology’s positive aspect is that it can provide security and fortifications to protect the business from damage. Important documents and confidential information can be safely stored in drives or clouds to prevent competitors from using their development practices.
Cybercrime has been very present in this generation, but companies can successfully protect their information with the right resources and barriers.
How Shikana Can Help
Shikana provides tax and regulatory services to clients on the appropriate ownership structure for the business they want to set up. Including corporations, partnerships, limited liability companies, and joint ventures, we analyze the benefits, costs, and risks associated with the choice of a particular business entity based on our extensive experience assisting foreign investors coming into the African marketplace.
We also provide a full range of services related to immigration and labor law, including liaising with relevant Government authorities for work permits, investor permits, and related matters. We use our unmatched experience to deliver efficient and transparent legal and investment advisory support for our clients.
Our firm offers services in the following domains:
- International trade and taxation
- Commercial and business law
- Compliance
- Venture Capital and Private Equity advisory services
Contact us for legal advice you can believe in.
