How computer technology are used in industry?

Answer 1

The role of information technology in modern organizations is becoming progressively critical. Organizations with effective IT management have achieved a wide range of benefits such as accurate reporting, effective monitoring and analysis of activities throughout business processes, a comprehensive view of customers, products and supplies and reduced errors and expenses. As a matter of fact, information technology is a business function, which uses process and technology regulations to define, manage and share master data across the organization. In addition, it facilitates the major tasks of planning, executing and controlling within an organization. A well-structured IT department sets objectives and selects the best course of action to meet these objectives through the coordination of human and intangible resources. In addition, it ensures that objectives are met by monitoring and measuring progress regularly as to identify variances from original plan and take corrective action, where necessary. Information technology is a part of corporate strategy. For instance, when the top management of a firm decides the installation of a CRM system, it has already decided on the set of values, goals, tactics and strategy. In order for this CRM system to function properly and meet the firm's strategic goals, employees need to be trained and motivated as to meet organizational goals. Therefore, the technological investments that the firm does are handled as part of the firm's strategic portfolio. Often, difficult and complex IT strategies determine organizational welfare. A prominent example is Dell Computer, which succeeded in attracting customer orders and improving service by placing configuration, ordering, and technical support capabilities on the web. Similarly, Steve Jobs' decision to restructure Apple or Procter &Gamble's "efficient consumer response" program resulted in increased product variety, convenience, and innovation through the direct computer links to scanner data and the electronic transfer of payments and invoices. To conclude, the future of IT seems bright. New modes of business thinking and operation are being applied towards improved organizational efficiency and success. Concepts like self-organizing systems, knowledge management and empowerment initiatives are particularly related to IT function. Moreover, using information technology to link data between information systems achieves a higher level of information quality and the ability to analyze activities across business functions. Therefore, information technology needs to get the same degree of analysis and study by management, as any other business function of the organization. In fact, information technology must be a "real" part of the organization.

Answer 2

In the last few decades the transition to computer use in business has followed an exponential curve up from (on a graph) the low left to the high right which is to say computers went from having a small role to managing almost the entire business. On the low end in today's use, computers are used by the small business for most accounting, communications and marketing applications. Software such as Quicken and Mint Excel have made it cost effective for the average Joe to simply input variables and reduce the previously daunting task of books management to the a relatively simple and seamless task. On the far end of the spectrum Business such as high frequency trading desks (HFT's) will spend a minimum of $20 million on a computer system where mathematicians, physicists, statisticians, and business professionals come together to write algorithmic software used to trade securities in markets at speeds no human could ever accomplish. In this sense the computer has taken over the "work" of the firm and the people are almost just "repairmen" in the same way a modern factory will incorporate advanced robots to build products while the people simply maintain and input simple commands to the robotics. On the next level are internet firms such as this website, Answers.com. The website is able to manage the day to day activity of youasking the question "What are the uses of computer in business and Industry?" to me answering that question. While a team of humans actually build the site the computers are then able to take over much of the work allowing humans to take the "Behind the Scenes" functions of maintaining, repairing and advancing the software. Computers have allowed, through the internet, business to leave the "brick and mortar" style of storefront to stores like Amazon and Overstock. while these companies have traditional warehouses and headquarters the actual store front has moved to the internet allowing international commerce rather than the local customer base of a physical store front.

Answer 3

Industries generate their revenues from Manufacturing & Service processes. The administration and management in Industries forproduction of goods and services being offered greatly depends onvarious sorts of information.

Implementation of Computers in Industryprovides methods of creating, storing and sharing of Information required and accelerates decision making within.

Apart from role in Information exchange Computers also play a vital role in Automation of Business Processesthat leads to generate more revenues.

Answer 4

it is fast

its time saver

its data saver

its easier to send and receive information

Answer 5

policy administration

premium accounting

Answer 6

hramzady sedy treky sy mry swal ka jvab do

Answer 7

we cant think today, that our industries can buildup without computer.

Answer 8

The application of computer in business and industry is seen in almost every aspect. This includes record keeping, communication and storage of general data.