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Explain how the use of information technology can bring about improvements in productivity in a business organisation?
Wiki User
∙ 11y ago
During the World War II it took hundreds of people months to complete the ballistic calculation. After the use of computers at those times that were housed in building complexes it took a few people and the same calculations could be done in hours.
Since that time information has advanced both in performance, reliability and portability.
With the help of information technology a business has real time data available to make critical decisions. For example share market instead of depending on printed tapes which were used earlier to track the price of shares , calculation were made for price analysis. Most of the time by the time calculations were over the position of the market changed. Now this data is available on a real time basis and all calculations are done in seconds.
For general business purposes if an Exporter or Importer needed to know the price of goods in earlier days he might have had to make a long distance call or many calls to get a quote or request for a quote. These calls were both expensive and process time taking. Nowadays just send an email copied to all suppliers and receive their quotes on email before end of day. Without having to wait for a courier to arrive if it was not lost in transit.
Wiki User
∙ 11y ago
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Does information technology improve profitability and productivity in companies?
It depends on what you consider as information technology, an ipad might not be that much 'profitable' for a given business but might be for another. So please ask specifically.
How can information technology support managerial activities?
How can information technology support managerial activities? Information technology is in boom nowadays. Technology increases your business productivity. Without information technology and system support, businesses stop. for more information click here: alphainfolab dot com
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competition; growth; technology; productivity; labour market; government laws and rules.
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information technology
What do technology improvements lead to?
Increased productivity apex 😄
What has the author Nathalie Greenan written?
Nathalie Greenan has written: 'Computers and productivity in France' -- subject(s): Computers, Economic aspects, Economic aspects of Computers, Effect of computers on, Industrial productivity 'Information technology and research and development impacts on productivity and skiils' -- subject(s): Capital productivity, Computer technicians, Computers, Economic aspects, Economic aspects of Computers, Economic aspects of Information technology, Effect of computers on, Electronic technicians, Electronics, Industrial productivity, Information technology, Labor productivity, Research, Skilled labor
The importance of productivity in business?
Productivity is about how well an organisation converts resource inputs into goods or services. Workplace productivity is about how firms can utilise labour and skills, innovation, technology and organisational structure to improve the quantity and quality of their output. Basically it's about exploring all the ways that can make a working environment more efficient. Why is productivity important? • Basis for improvements in real incomes and economic well-being. • Monetary policy (inflationary pressures) • Fiscal policy (financing of health, education, welfare) • Slow productivity growth = conflicting demands for distribution of income more likely
Advantages of high technology?
An advantage of technology is that it allows for a plethora of information at a personâ??s fingertips. It also can help productivity.
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There are six types of technology. 1.Information technology. 2.Assistive technology. 3.instructional technology. 4medical technology. 5.technology of productivity. 6.technology of teaching.
Introduction to information technology and its objective?
Information technology is a study of communication which provide and support to put data of any organisation in system which is monetored by management. And its' objective is to define and support technology standards.
Effects of inventions and improvements in farm technology?
The inventions and improvements in farm technology have had a tremendous effect on the farming community. Crop yields have greatly improved due to inventions and improvements in farming technology.
Does information technology improve profitability and productivity in companies?
It depends on what you consider as information technology, an ipad might not be that much 'profitable' for a given business but might be for another. So please ask specifically.
What are the main points of advantages of information technology?
Information technology enables efficient communication, collaboration, and data storage. It also enhances productivity, streamlines processes, and provides access to a wealth of information. Additionally, it promotes automation, innovation, and global connectivity.
Definition of terms modern office technology and secretary productivity in private organisation?
Modern office technology would include new computers, faxes, and even tablets. They would all help the secretaries to be successful in doing their jobs faster.
Importance of productivity?
Productivity is about how well an organisation converts resource inputs into goods or services. Workplace productivity is about how firms can utilise labour and skills, innovation, technology and organisational structure to improve the quantity and quality of their output. Basically it's about exploring all the ways that can make a working environment more efficient. Why is productivity important? • Basis for improvements in real incomes and economic well-being. • Monetary policy (inflationary pressures) • Fiscal policy (financing of health, education, welfare) • Slow productivity growth = conflicting demands for distribution of income more likely
What are the Impacts of information technology in Kenya?
Information technology has led to many advancements in Kenya from E-commerce to advancing the speed of communication. The use of information technology in education has made education more accessible than ever and improvements made in security have greatly improved the feeling of safety in business.
