Information technology is quite broad and has touched almost aspect of human life. From a business perspective, it enables organizations across the world to do what they do much better. The use of Information technology in a different organization is inevitable, be it in education, retail business, manufacturing and the medical sector among other fields. In light of this, this articles looks at the impacts of information technology on businesses today.
Basic Elements of Information Technology
Software are a fundamental part of IT. This essentially refers to computer applications that generate, store, and retrieve valuable data used to run the organization. Different software applications are developed for different purposes. Most business operations can be successfully executed without using manual methods and instead have a software to do the job.
Some examples of software used in a business include inventory tracking applications, payroll management systems, web browsers, and other special purpose applications. Some business software like the Enterprise Resource Planning (ERP), enable business owners and top managers to coordinate all operation of a business.
Hardware devices are the components that run or house the software. Microcomputers, main-frame computers, servers, and smartphones are good examples of hardware used in running a business. Without these devices, it is almost impossible for businesses to maintain substantial data records.
Besides storage reasons, some hardware devices are meant for communication reasons and internet success. Technological advancements are consistently facing out some hardware and replacing them with better alternatives. For instance, modern computers tend to be somehow smaller but very powerful compared to those used a decade ago.
Impacts of Developments in Information Technology
Small-scale businesses need to leverage on the power of IT to compete effectively. Software programs can be used to meet specific management, functional, and operational needs of their business. Other fundamental informational technology trends that have had a lasting impact on business operations include things like website development, online marketing, and maintaining create networks among others.
Businesses around the globe have to tap into the power of IT in one way or another. Manufactures use online servers and databases to store critical business data. Also, IT comes in handy in streamlining business operations like HR management, payroll and finance, security, and manufacturing practices.
The role of IT in business cannot be overlooked. Businesses can now effectively plan, manage, and execute critical strategies for their profit. IT is quite dynamic, and its impacts on the business world will undoubtedly keep increasing.…