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

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 needsInformation 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.


Related Questions

Explain why IT is a business pressure and also an enabler of response activities that counter business pressure?

Explain why IT is a business pressure and also an enabler of response activities that counter business pressure?


What are the 3 generic strategies according to Michael porter?

1) every organization needs a start 2)strategy means pursuing a position that is unique 3)strategy decides companies position in market place 4)strategy to be socially beneficial-society wants choice (having innovation) 5)technology as an enabler


Role of information technology in a 21st century business organization?

information technology has emerged as the fundamental technology of business. information system has brought revolution in business. The barrier to communication has been over come to a great extent time and distance has been conquered to a great extent by the system. Technology is an enabler for more effectively managing the business, but does not solve the problem unless it is tied directly to business and governance objectives. There is an urgent need for IT in underdeveloped areas where access to even the smallest bits of knowledge can have far-reaching, long term effects Management Information system will help understand how all firms today, large and small, local and global, use information systems to achieve important business objectives, such as operational efficiency, customer and supplier intimacy, better decision making and new products and services. Data management .By using databases and data tools you can spot trends and make business decisions. Humanity has progressed from agricultural revolution to the industrial revolution and is now moving to an information revolution.


InformationTechnology boon or bane for India?

Information Technology is a boon or enabler for India. IT industry made over country more developing in software field.By introducing IT we will get many benefits such as introduction of computer,Internet,mobile phones and net banking.Due to this benefits I strongly believe that It is a enabler for India.


How do you Transform IT from business enabler to a Business Driver?

IT helps streamline business activities, often through business process alignment. By revamping process management IT becomes a business driver, similar to how manufacturing industry has been affected by the automated production and engineering processes. However, IT can also be an enabler in terms of how SMEs have been allowed to compete with corporate giants via the internet or how online customer support has enabled businesses to transform into learning organizations.


What makes someone an enabler?

An enabler is a person who basically enables someone to drink or do drugs. A mother who allows her children to do drugs is an enabler. She does not discourage it. (but it still illegal for children to drink or do drugs)


What an enabler is?

it is a device to help you poo


A person who knowingly or unknowingly supports the harmful behavior of another person?

Typically, this is person is referred to as an "enabler".Note that while this is usually used in a negative context, it is possible to be a positive enabler. Strictly speaking, the term "enabler" describes the supporting person, and does not judge whether the receiver of the support being harmful or beneficial.


What communications enabler is designed to provide a secure wireless local network for CSS operations?

Combat Service Support Automated Information System Interface


Why ERP is a business enabler?

ERP enables the organization to have a centralized data to which anybody within the organization can have access. Thus a centralized data will help the company to pool out the useful information at any moment of time. Moreover data will be arranged in proper order thus reference becomes easy & fast.


What is role of technology in service marketing?

Well.. That is very evident from the success of CRMs, SFAs etc. Technology is a one hell of an enabler for extended P's of service Marketing. As we understand, service marketing demands more personalized services which requires personalized communication. Technologies like SFA(Sales Force Automation) and CRMs are good examples of how technology can help you in winning customers loyalty. Service marketing requires up-to-date information regarding the communications happened between the service provider and the customer.


What does an enabler mean?

An enabler is someone who supports or allows another person's harmful or destructive behavior, often by helping them avoid facing consequences or by making excuses for their actions. This behavior can enable the person to continue their destructive patterns without taking responsibility for their actions.