Role Of Information Technology In Business

Group members:

Arsalan Khaliq Bilal Rasool Akif Sarwar Ijaz Basit Ali

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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 & APPLICATIONSiii) 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

BusinessInformation Technology (IT) has become a vital and integral part of every business plan. From multi-national 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

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

Information Technology & Its Role in the Modern Business

The reasons for the omnipresent use of

computer technology in business

Data ManagementToday, most companies store digital versions

of documents on servers and storage

devices.

CommunicationEmail 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

SystemsManagement

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.

The reasons for the omnipresent use of

computer technology in business

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.

EmailBusinesses use mass emails to

disseminate information

to employeesShopping

CartsWhen a visitor

wants to purchase a

product online, the shopping cart

software automatically

takes the order and asks for his

personal information.

CRM Software

Software for customer

relationship management,

or CRM, streamlines

the sales process.

ERP Software

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.

Customer Service

automated help desk to handle

customer service. Online customer-service software

saves time in much the same

way as automated phone

systems.

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 CollaborateBusinesses 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 EnvironmentsTechnology 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 CustomersBusiness 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 StoresTechnology 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 TrainingBusinesses 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

productspeople 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 FutureAs 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 Remote

ly

Advertising

Communication

Cost Effectiven

ess

Job Creation

E-Commer

ce

Advantages of

Information Technology in Business

Disadvantages of Information

Technology in Business

Security Breaches

Job Elimination

Implementation Expenses

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.