How information technology is playing an important role in expanding business in the world now a day?

Answer 1

Information technology is any field that involves computer technology. This includes hardware maintenance, software development, networking solutions and technical support. Modern businesses all over the world rely on computers to function and maintain high standards of efficiency and customer service. Without IT professionals, companies would not have qualified professionals to help maintain the technological elements inherent to their daily business needs

Information technology is all about storing, manipulating, distributing and processing information. Over the past few years, IT has replaced the conventional modes of businesses with innovative technological tools. In addition to the increased output and efficiency, IT has introduced new concepts such as e-commerce.

Productivity:

Technological applications, such as relational database technology, computer-aided designing, word processing, spreadsheets and other software programming, increase productivity of businesses.

Significance:Business corporations maximize their commercial advantage by making the right use of IT tools. For instance, Michael Dell, founder of Dell Inc., introduced the online selling concept for personal computers. Today, customers around the globe order Dell products from the comfort of their homes via the internet.

Monitoring:

IT is used for monitoring areas of the company that are not utilizing resources efficiently. For instance, Dell made use of real-time inventory and supply monitoring to produce only that number of computer systems that were demanded by Dell customers, reducing the cost of overproduction. Efficiency:Increased speed often leads to increased efficiency. While eliminating the need to wait for packages or sensitive materials to arrive, businesses are able to receive and respond to changes instantly. This improved response time almost guarantees a higher chance at eliminating potential issues by allowing businesses to react quickly. Information technology also allows data to be stored in formats, which make information easier to store or send. The space a business saves by not having to maintain a room filled with filing cabinets and boxes of paper documents allows a company to function in less space and thereby reduce the cost of office rental or construction

Multi-Tasking:

Another business advantage of information technologies is the ability of computers to perform multiple tasks simultaneously. Provided the hardware is able to support it, the operator may have several different programs functioning at the same time. Furthermore, computers are generally capable of performing complex calculations, such as mathematical equations or travel distances, very quickly and accurately.

Low Cost:

Computers themselves are much less expensive than they were years ago. As technology becomes more common, the cost becomes more affordable. Furthermore, as already mentioned, computers may replace other means of document storage and thereby allow companies to trim back on real estate expenses. Computers may also enable certain jobs to be eliminated. With a single operator being capable of performing several tasks at once, less personnel is often required to accomplish the same amount of work as before. Postal expenses and delivery costs may also decline as emails replace mail correspondence. Entrepreneurs:The Internet has become one of the foremost means of communication. Most people have access to a computer and to the Internet, thus making it easier to reach large masses of people all over the world. Many people have opened their own businesses and begun making money at home. Using information technology, a person may find a way to sell a product they manufacture themselves, such as jewelry or clothing. Online advertisements are present on almost every website and make it easy for consumers to find products and services offered by small business owners. Anyone can launch their own website and begin pursuing promising careers without having to concern themselves with expenses such as office space or commuting. Use Technology in Other Classes:An education in IT is important because IT is used to teach students in a variety of different classes and subjects. Research methods for history, English, art and just about any other subject include using the Internet and online databases. Classes grade students on presentations, and the technology used for presentations, including smart boards and computers, is important for students to master before the presentation is needed. Video and audio programs are used for lots of different classes, so it is important that students understand them. A good teacher will incorporate technology into every subject, so an education in IT is crucial for any student in school. Knowing How to Figure Out New Technologies:IT helps the business and the business man to be aware of the new technologies and the advancements which are taking place in the world so quickly. The study of I.T is also important because students will spend the rest of their lives being exposed to new technologies. Learning how to use the computer at the level of technology that is currently present enables a student to be able to figure out new computers when they are developed. Working with the type of technology available today gives students a basic understanding of how to deal with new technologies in the future.

Answer 2

Information technology enables businesses to reach a global audience through online platforms, connect with customers in real-time, and streamline their operations for increased efficiency. It facilitates data collection and analysis, leading to more informed decision-making and the ability to adapt to market trends quickly. Overall, IT has become a crucial enabler for business growth and expansion in today's interconnected world.