Technology plays one of the most important roles for increasing productivity. In the following points, how technology increases productivity have been highlighted:
How technology increases productivity
- Automation depends on modern technology which increases productivity.
- New technologies are more cost effective and give high output
- New technology reduces wastage of time and manpower/man hour
- Proper technological development makes the machine more energy efficient thereby increases productivity.
- New technology reconverts wastes into resource resulting to productivity.
- Technology increases the skills and abilities of employees which can contribute to productivity.
- Modern technology reduces physical labor and improves productivity.
- Automation helps workers to take time for other jobs which highly increase productivity.
- New technology reduces pollution of the atmosphere and highly helps better work environment which influences in increasing productivity.
- New technology makes machines more compact in size and inefficiency which can increase productivity.
- Technology may be costly but this cost is ultimately reduced per units cost of production.
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