How can information technilogy support a company's business processes and decision making and give its a competitive adventages Give example to illustrate your answer?

Answer 1

Information technology enhances a company's business processes by streamlining operations, improving communication, and enabling data-driven decision-making. For example, an e-commerce company can use data analytics to analyze customer behavior, allowing it to tailor marketing strategies and optimize inventory management. This not only improves efficiency but also enhances customer satisfaction, giving the company a competitive advantage over rivals that may not leverage such insights. Overall, IT facilitates faster, more informed decisions, leading to better resource allocation and increased profitability.