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How has technology impacted financial managers? Discuss advantages and disadvantages. Please cite your sources.

How has technology impacted financial managers? Discuss advantages and disadvantages.

Please cite your sources.

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Answer #1

Technology has introduced tremendous changes in all the sectors and industries. It impacted on the resources mobilization and utilization also. When it comes to financial manager and the impact of technology on them, the following were the changes:

  • They would able to identify and calculate the sources and volume of risk
  • They must study each component of investing
  • They would able to offer some services through online, particularly in banking sector
  • The decision making becomes easy by using technology
  • They can forecast the future events and taking measures to overcome them

Apart from the above mentioned general factors, specifically every firm and every industry have its own benefits and limitations too.

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