Information technologies are playing a vital and expanding role in business Information technology can help all kinds of businesses improve the efficiency and effectiveness of which of the flowing?
How can information technology improve business?
Many technologies improve globalization by making people and/or things in distant or remote areas accessible to one another.
Boats/Ships made people, things, and information more accessible across seas.
The wheel, carts, bicycles, cars and trains made people, things and information more accessible across land.
Planes made people, things, and information more accessible across air space.
Information Technology makes people, things, and information more accessible across electronic data channels (or mediums).
Information Technology helps to provide businesses and their stakeholders (customers, vendors, partners, etc.) with the means to share and gain accessibility to products, services (i.e. things), people, and data & information, regardless of their physical location.
What are the benefits of information technology on business?
The advantages of information technology are vast. True globalization has come about only via this automated system. The creation of one interdependent system helps us to share information and end linguistic barriers across the continents. The collapse of geographic boundaries has made the world a whole. The technology has not only made communication cheaper, but also possible much quicker and 24×7, it has also help spark growth through out many industries. All of this can make or break a struggling company.
What is information technology and why is it important to a business?
Information Technology is a digital based electronic technology using digital processors and other digital communicating and data recording devices for instant recall. In modern business instant information is required for customer informations,sales,profits,production,system analysis,market research,employee data etc. and reduces the inventory physical records which is time consuming and cumbersome in the modern competitive business environment where delay has no place.