Information Technology in Business

Information technology in business for better reliability, profitability and higher growth
Information technology has crucial impact on the overall performance of a business, its reputation in the economy, performance of the employees, profitability over the years, firm’s growth rate and so on. To draw conclusion on the impact of information technology in business these factors need to be evaluated. If all the financial statements like balance sheet, cash flow statement, profit and loss account and retained earning s are evaluated, then it can be found that the performance, now-a-days, largely depends on the effective use of information technology in business.
Analysis of the impact of information technology is very important for all the professionals, investors as well as for the company to understand the reasons behind success or failure of a business. There is no doubt, that effective uses of information technology, in the leading business enterprises, play a vital role in their successes. With the help of information technology, a business entity would be able to serve more customer efficiently than before. Financial statements would be rapidly available, internal control would be more effective and processing time would be minimum because of it. Still, the accuracy would be maintained because of keeping information in details, leading to more customer satisfaction for a business.
Now the world is considered as a ‘global village’ and information technology has made communication not only cheaper but also quicker. The information technology industry is growing at a rapid pace and it is playing an ever increasing role in supporting business transformation and strategies. Information technology is a vital part of today’s global economy and it is expected to increase in importance in days to come. Because of the presence of information technology in business, the start up cost has become minimal and the time management has become more effective. It seems information technology has given business enterprises, the opportunity to control the business with fingertips.
All computers be it desktops,laptops,pads are still a smart supply of income if you are an IT consultant. You wish to be the voice of authority when it comes to the IT spending habits of your purchasers. You would like to create sure that your shoppers spend all of their technology budgets throughout a given year with you and invest wisely. If you supply the proper coming up with as an it consultant, your purchasers would like not incur a lot of service and maintenance prices when spending their budget and increasing their hardware. A terribly basic laptop will be a great approach to place together a second, third, or fourth computer, these are perfectly sensible enough for document writing and surfing the internet.Information technology in business.

Information Technology

It is the study, design, creation, utilization, support, and management of computer-based information systems, especially software applications and computer hardware. IT is not limited solely to computers though. With technologies quickly developing in the fields of cell phones, PDAs and other handheld devices, the field of IT is quickly moving from compartmentalized computer-focused areas to other forms of mobile technology.

Information Technology

What is IT?

It is the study, design, creation, utilization, support, and management of computer-based information systems, especially software applications and computer hardware. IT is not limited solely to computers though. With technologies quickly developing in the fields of cell phones, PDAs and other handheld devices, the field of IT is quickly moving from compartmentalized computer-focused areas to other forms of mobile technology.

about me

ASSALAMUALAIKUM
MOHAMAD NOR HAFIZ BIN RAHMAT
2010854004
J3BM1114A(2o11/12)
DIPLOMA IN BUSINESS STUDY
UiTM KAMPUS CAWANGAN JOHOR
THIS BLOG IS CREATED IN ORDER TO SEND THE COURSEWORK GIVEN ON MGT300 SUBJECT WHICH BEEN THOUGHT BY TUAN SYED MAZLAN BIN MAT DOM.