Role Of Information Technology In Business

Group members: Arsalan Khaliq Bilal Rasool Akif Sarwar Ijaz Basit Ali

WHAT IS INFORMATION TECHNOLOGY?

It is a combination of telecommunications & computing to obtain , process, store, transmit an output information in the form of voice , pictures or text.
This include the following:
i) SOFTWARE APPLICATIONS & OPERATING SYSTEMS. ii) WEB- BASED INFORMATIONS & APPLICATIONS iii) TELEPHONES & MEANS OF TELECOMMUNICATIONS. iv) VEDIO EQUIPMENTS & MULTIMEDIA PRODUCTS. v) WORLD WIDE WEB. vi) ELECTRONIC DEVICES
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Basic Functions of Information Technology (IT) in Modern Business

Information Technology (IT) has become a vital and integral part of every business plan. From multinational corporations to small businesses, IT plays a role.
Fulfill customer demand gap Businesses communicate with faster way Helps within business boundaries Online interaction and collaboration with customers Effectiveness and efficiency of business operations
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Information Technology & Its Role in the Modern Business

Information technology (IT) has become a vital and integral part of every business plan. From multinational corporations who maintain mainframe systems and databases to small businesses that own a single computer, IT plays a role.

The reasons for the omnipresent use of computer technology in business

Data Management
Today, most companies store digital versions of documents on servers and storage devices.

The reasons for the omnipresent use of computer technology in business

Communication
Email is the principal means of communication between employees, suppliers and customers. Email was one of the early drivers of the Internet, providing a simple and inexpensive means to communicate.

The reasons for the omnipresent use of computer technology in business

Management Information Systems

Management Information Systems (MIS) enable companies to track sales data, expenses and productivity levels.

The reasons for the omnipresent use of computer technology in business

Inventory Management
Inventory management systems track the quantity of each item a company maintains, triggering an order of additional stock when the quantities fall below a pre-determined amount.

The reasons for the omnipresent use of computer technology in business

Customer Relationship Management

Companies are using IT to improve the way they design and manage customer relationships.

Information Technology Has Been Used for Automating Business Processes

Information technology can be roughly defined as using computers and telecommunication systems to store and share information. Businesses use information technology to automate many kinds of tasks, which can save both time and money.

Email
Businesses use mass emails to disseminate information to employees

Customer Service
automated help desk to handle customer service. Online customer-service software saves time in much the same way as automated phone systems.

Shopping Carts
When a visitor wants to purchase a product online, the shopping cart software automatically takes the order and asks for his personal information.

ERP Software CRM Software

Software for customer relationship management, or CRM, streamlines the sales process.
Large companies can purchase software for enterprise resource management, or ERP. This software contains different modules designed to handle a particular facet of the business.

IMPACT OF TECHNOLOGY ON BUSINESS

Businesses rely on technology to help them operate on a daily basis. From laptop computers with Internet capabilities to printers, online file storage and Web-based applications, technological advances impact small businesses across various industries.

Share and Collaborate

Businesses work closely with their clients to provide them products and services that add value to their lifestyles. Going from an idea to a finished product or service.

Flexible Work Environments

Technology gives small business owners and their employees the option to work in the office, from home, on the road and even from across the country.

IMPACT OF TECHNOLOGY ON BUSINESS

Instant Connection with Customers
Business owners no longer have to mail surveys to customers and wait for weeks for replies, nor do they have to call customers for feedback

Online Stores
Technology allows crafters, clothing and accessories designers and painters an option to set up online stores, rather than investing in costly storefronts. With consumers migrating to the Internet to find everything from gifts to ordering groceries, the popularity of online shopping increases with the variety of products and services

Employee Training
Businesses implement new technologies into their processes, they are tasked with providing training to new and veteran employees. While new employees are likely to easily adapt to the technologies

Information Technology for Business Success

Information technology is a modern phenomenon that has dramatically changed the daily lives of individuals and businesses throughout the

world. Leveraging information technology for business success is key to

survival in the modern business world.

Significance
In business world to market their products people communicate and accomplish their jobs in modern organizations

Information Technology for Business Success

Production Technology
Production technology has allowed modern companies to make great strides in operational efficiency and the effectiveness of human resources

Information Technology for Business Success

Communications Technology
The Internet has revolutionized the marketing function in addition to opening up a wide range of communication options.

Information Technology for Business Success

Considerations
. In addition to the cost of
implementing an IT solution, you must employ highly educated and specialized workers to maintain, monitor, expand and repair your IT infrastructure.

Information Technology for Business Success

The Future
As IT solutions continue to increase the efficiency and effectiveness of business operations and communications, businesses will continue to rely on IT for success.

Bridging the cultural gap

More Time

Work Remotely

Communication

Advantages of Information Technology in Business

Advertising

ECommerce

Job Creation

Cost Effectiveness

Disadvantages of Information Technology in Business

Implementation Expenses

Job Elimination

Security Breaches

CONCLUSION
Information technology's role in business transformation has considerable benefits. The ability to share information and collaborate without geographic constraints changed the way many businesses communicate with staff and clients. Search engine technology allows individuals to access information with unprecedented speed and accuracy. Websites introduce companies and explain value propositions before anyone has to take the time to meet.