The advent of computers has revolutionized the workplace and redefined operational practices. The use and deployment of computers, computer systems and information technology (IT) applications in every aspect of business is now commonplace. The recent application and adoption of Web-based, information and telecommunication technologies has force-multiplied the capabilities and benefits of computers. The importance of computers in business cannot be overstated.
Collaboration
o Businesses are using Internet communication technologies, networking and relevant software to enable workers and professionals to collaborate and work across locations and geographical boundaries and streamline work-flow management.
Communication Capabilities
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Manually prepared mass mailings are time consuming and expensive.
- Inventory - A large number of items or high-volume turnover can cause major errors in tracking inventory. Errors in inventory control can result in lost sales and in the maintenance of unnecessarily high quantities of slow-moving products.
- Payroll - Calculating and writing checks are tedious operations in payroll administration. It can also be difficult to effectively implement an employee incentive plan using manual procedures.
- Planning - Manual systems or procedures make planning for the future time consuming and difficult. What if situationssuch as If sales increase, to what extent will expenses increase?are not easy to simulate with a manual system.
COMPUTER BUSINESS APPLICATIONS
Computers also can perform more complicated operations, such as the following:
- Financial modeling programs prepare and analyze financial statements.
- Spreadsheet and accounting programs compile statistics, plot trends and markets and do market analysis, modeling, graphs and forms. They can combine all these functions and can interchange and evaluate data from four programs simultaneously.
- Word processing programs produce typewritten documents and provide text editing functions. Many offer options such as a thesaurus, a speller, and punctuation and style checkers.
- Desktop publishing programs enable you to create good quality print materials on your
I would add that computers are absolutely essential to the management of any business, regardless of its size and level of
Furthermore, technology is essential in the business world. Technology all together has greatly affected business relationships, rather that is with coworkers, customers, or employees. Technology helps build a professional network, and it affects a firm’s ability to communicate with customers. In today’s busy business environment, it is necessary for employees to interact with each other quickly and clearly. Websites allow customers to find answers to their questions after hours. When customers use technology to interact with a business, the business benefits because better communication creates a stronger
In order to succeed today, organizations that are competing in global markets are increasing rapidly. The increased use of technologies such as the Internet, intranets, and extranets will definitely revolutionize how businesses will operate and how they will use computers to compete. The Internet and related technologies and applications have changed the ways companies operate their businesses processes and activities. For example, companies can network their offices and share data to be more effective and efficient. However, excessive use of the Internet, intranets, and extranets also create intense
Computer technology will continue to flourish throughout the passage of time. Technology has changed the way we conduct and transact business. As a result to these technological advances businesses were required to adjust and adapt through the means of Computer Information Systems (CIS) to survive in the modern business world. The workplace has changed significantly over the last half-century due to CIS. CIS has an effect over the business world, impacting how companies develop and market their products, in conjunction with how people communicate and accomplish their jobs more efficiently and successfully. The CIS field has grown drastically over the years. The employment in CIS is projected to grow 22 percent from 2010 to 2020, according to The Bureau of Labor Statistics. In 2020 there should be over 664,800 jobs open in the IS and CIS field (Thibodeau). Computer information systems has revolutionized business by increasing a companies’ functionality, improving data collection and lastly by ‘flattening’ the world.
With the development accounting information systems managers have inherited the task of learning and training their employees what they learn. For example, in a retail store accounting systems are used to order, locate and organize inventory so supervisors are tasked with learning and training employees to perform these tasks. Because employees and managers can now perform such tasks easily it has limited the jobs that accounting professionals had cornered as theirs in the past. Because of accounting systems managers have also inherited the task of learning how to perform minor troubleshooting of their systems and to train others to perform the task. Accounting systems demand more with regard to computer literacy but provides significant advantages such as helping organizations to handle more tasks in a timely and efficient manner. Accounting software is an important part of information technology, which relates to computer applications that enable a company to generate, store, program, and retrieve data as and when needed (Rampur, 2011). An example is an employee using an accounting information system to analyze inventory with a couple of clicks of the computer. Accounting technology definitely has made the accounting field more competitive. This is because with the use of such technology individuals outside of the profession can perform many
This report is prepared for Ms Toni Carlos, an owner of small business called EIA (Education In Australia). The business was established nine years ago and expended with the time. As the time evolved the growth in the business has reached to the height that manual operations were not enough to handle the business. Expanding business from a small region to the national level is also one of the owner’s desires, which can be best managed by the use of information technology. This report enlightens the owner to incorporate the new method of information systems to reincarnate her business. This assignment provides the foundation on which the owner can combine her existing business logic and with new information technology to erect a powerful business capable of doing much more than its current capacity. This document provides references for the basic literature to make user understand of what information system can do and what kind of appropriate information system will be suitable for her business. The document is designed and the references have been chosen keeping in mind user’s current issues, new requirements, the
Technology in the office has completely transformed the order the world conduct business. This statement is valid with computers mostly. International companies are easily managed by individual, and a one computer can carry out the duties of thousands. Large Companies have benefit from cutting –edge technology and create productive devices to help them collect, analyze, and assign details, to make them more aggressive. A few organizational sections that operate “smart” programs to effectively operate organization efficiently are recruiting, promoting, and accounting.
The methodology of doing business has greatly been affected by the emerging technology for the last two decades. Business organizations are forced to adopt new technology in one way or the other in order to cope up with the dynamic customer and industry requirements. The most influential technology is the information and communication technology, which has seen business organizations diver their modes of conducting business from the traditional local based system to computer and internet based information seekers. It is arguable that the advent of computer and internet has changed the role of information in business, and
Organizations and individuals today function in a rapidly changing, highly competitive, information-rich and increasingly globalised environment. There is a distinct need for them to be able to deal with the complexities and demands of this environment. Computer assists organizations and individuals to become more efficient and productive. They do this by providing them with the
The ever-changing world of technology is making the world become smaller every day. Businesses and organizations are taking advantage of the advances in technology to improve their organizations. Technology’s influence reaches beyond improving relations within an organization to enhancing an organization’s ability to service its customers. But even more than that technology is influencing the shape of the organization itself. In order to realize the impact of technology on business organizations, the following paper will focus on how organizations use technology within an organization (intranet, email), how organizations use technology to communicate with and service clients or customers, and finally how organizations are using the
21st century is the century of technology, and spreadsheet is one of the great technological inventions that greatly improve working efficiency. Spreadsheet is a computer application with functions that can improve the user's productivity in collecting, analyzing, and sharing tabular data sets. It displays multiple cells usually in a two-dimensional matrix or grid making up of rows and columns. Each cell contains alphanumeric text, numeric values, or formulas (Wikipedia, 2011). Bagranoff (2010) thought spreadsheet allows users to make complex calculations automatically and to change single number and update all related numbers at the click of a mouse. As one of the most popular financial software, spreadsheet is widely applied in areas
Technology has created new revenue streams via the Internet and e-commerce, new connections with clients and consumers at work, home, and by mobile applications, and enables business to conduct commerce across the US and on a global scale (Munson, 2011). Office technologies have advanced and have allowed business to advance to a point of doing business with global customers, not just their own areas. It has created a communication standard that is faster and enables businesses to conduct business at faster levels than ever before. But with new technologies problems also arise that need to be addressed.
The industry of Information Technology (IT) which involves computers, software, networking and other IT infrastructures to help manage information is very important in modern-day living, as seen primarily in big companies or corporations that run multi-billion-dollar ventures. IT helps strengthen companies with the existence of a set of IT personnel that are equipped with servers, database management systems, and security measures for protecting confidential information about the company (Julita, 2011).
1. How can information technology support a company’s business processes and decision-making, and give it a competitive advantage?
Business applications of computers should be viewed as interrelated and integrated computer – based information systems and not as independent data processing job .