How Technology Increases Productivity?

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

  1. Automation depends on modern technology which increases productivity.
  2. New technologies are more cost effective and give high output
  3. New technology reduces wastage of time and manpower/man hour
  4. Proper technological development makes  the  machine more energy efficient thereby increases productivity.
  5. New technology reconverts wastes into resource resulting to productivity.
  6. Technology increases the skills and abilities of employees which can contribute to productivity.

    How technology increases productivity

    How technology increases productivity

  7. Modern technology reduces physical labor and improves productivity.
  8. Automation helps workers to take time for other jobs which highly increase productivity.
  9. New technology reduces pollution of the atmosphere and highly helps better work environment which influences in increasing productivity.
  10. New technology makes machines more compact in size and inefficiency which can increase productivity.
  11. Technology may be costly but this cost is ultimately reduced per units cost of production.

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