A Brief Note On Business And Information Technology

Business is an occupation or profession of the purchase and the sale of goods, in which an attempt to make a profit. As a business can also be a person or corporation engaged in exchanges, manufacturing, or a service to seek profit. Every second the national debt continues to grow, the government feels raising the federal budget will make a difference, but it will not. If were sought to help alleviate the national debt my proposition would be to raise the minimum wage, which not only benefits the people, but it can the government as well.

Foundation of IT in a place is very crucial for most business. Organizations can use IT resource to create innovative and strategic process that helps business to reach beyond the status quo. Organization without new technologies resources can lose momentum and fall behind in competition. On the other hand, organizations with effective and updated technologies remain competent and superior; get competitive advantage thus acquire and maintain their big market share.

How information technology can be effectively integrated with company’s "production, marketing, human resource, research design and finance" to take the advantage of core competence, as well as leveraging the quality and speed to help company business continuity.

Over the years, technology has become a major part for a business and for an individual as well. Technology has become so advance that it has made a major effect for the staff as well as for the customers. New technology has helped in many areas such as data and information storage, advertising, transportation and communication.

“No longer is IT just another tool the CEO might use to accomplish costs saving and operational ends. Today, information technology can help solve product problems, set new levels of service and create new distribution and communication channels.”

Having a backup of data is important because if the data becomes corrupted or lost you will have it copied and stored so that you will still have it in future for if something goes wrong.

The information and communication technologies greatly emphasized businesses information exchange in many different ways, which included online shopping, e-commerce texting, fax, emailing, video conference, phone conversation and many more. Apparently, information and communication technologies emerged with numerous issues, which may directly or indirectly affect you or your business daily operations [1]

As technology is continously changing so is the amount of information produced as well. The way organizations store this information and how its accessible is crucial for the company. Managing such information can make the difference of the company survival and also to be able to stay abeast in its market. According to Lohrey, Jackie (2017) " Information is a critical business resource and like any other critical resource must be properly managed. Constantly evolving technology, however, is changing the way even very small businesses manage vital business information." Organizations have to become equipped with the essential resources available to increase efficiency and improve productivity. This will help the output of the company, cut cost,

Information technology can allow departments to more efficiently and successfully perform their business operations. Information technology is an important enabler of business success and innovation.

As it has been evident in the 21st century, almost all companies at the global level are utilizing Information technology in their attempt to achieve the desired productivity. It is however worth noting that manufacturing, processing, assembly as well as service industries and companies have sought to utilize IT without emphasis on the specific achievements. In this context, it has come to the notice of many critics that entrepreneurs are utilizing IT just for purpose of achieving high profits and without paying key attention to the strategic importance of the same. As Carr argues, the power and the ubiquity of IT has increased prominently but this system is no longer offering the desired strategic advantage.

Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.

An information system is a base in today’s business world. Everything is electronic. In various businesses, the survival and ability to succeed strategic business goals is challenging without extensive use of information system. Businesses improve the efficiency of their operations in order to accomplish higher profitablity. Besides that, information systems are important tools available to managers for achieving higher levels of efficiency and productiviy in business operations. For an example, Zara uses the PDA technology to gather customer feedback and input.

Information Technology (IT): The hardware and software technologies a firm needs to achieve its business objectives (Kenneth C Laudon and Jane P Laudon., 2010).

A business is defined by the needs, wants, desires a customer satisfies when buying the company’s product or service.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.