Information Tech has revolutionized the phase of business around the world. Local businesses have become international due to a simple website. I.T. has helped businesses in advertising. People who check their email may suddenly have a pop up at their page ends with sales up to 60% at JC Penny's!
I.T. has helped in customer service, huge corporations like Microsoft attend to customer needs through email and chat services. Networking internal and external in organizations has improved the working of businesses. Staffs and clients likewise can get in touch with the managers for feedback, progress reports and extensions.
Communication has bloomed, two business organizations if they need to work together can easily do so. Hotmail, when merged with MSN was easy since the service was online. Business these days require a lot of planning, due to high tech organization systems on computers, planning can be done on an organized pattern, with schedule formats, grant charts etc. Huge databases can now be controlled and stored on network and back up drives.
Accesibility of files also has become an easy task with series of password keys and shared folders. Cash transactions are easily made, delay in reduced hence giving liquidity to business.
Information management has had a large effect on organizations. Whereas information management had previously been a job that could be done without specific skills, the introduction of IT within Information management changed that. Managers were now required to not only have information management skills, but knowledge of the technology as well. Thus, it created a new classification of workers.
The only things that determine a stable business is the management and the nation or national economy in which a business is located. economy goals of a nation also have impact in a business or a firm most cases, moderns technology advancement plays a major role in sustains of a business, like third world country which suffers from lack of technology ````````````````````````````````````````````````````````````````````````
In simple words the impact of technology has made the real estate business florish. the real estate business has grown to extreme lenths with the new technology. the buying and sellig process of properties have made it easier and more convenient! being an active real estate investor i will tell you the new technology has really made it much better!
Impact of information technology on forex trade is immense. In fact in today's world,transfer of money via SWIFT is made from one country to other by the twinkling of the eye, by the blessings of information technology. Even any stoppage of service due to technical reason causes havoc in forex trade and its impact is unimaginable. Without information technology, forex trade is no where to exist.
Since information technology personnel can have a significant impact (both positive and negative) on a business, it is important to be able to trust IT personnel to do the right thing. Ethics is a field which helps define what is the right thing to do. See related links for an article which goes into some details about ethics and information technology.
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