Impact Of Information Technology In Business

In the world of business, information technology strategy has been overlooked by owners for they are so focused on marketing strategies. Keeping up with the use of information technology is in just about all types of industrial process and just as important. It has been a proven fact that it contributes to the development of strategies and tactics when developing a product or service. During the twentieth century the accelerated progress in information technology has developed a large variety of technologies for the collecting and storage of information such as the Internet, software companies, and personal computers.

As we have learned throughout this course, the value of information technology has been one of the most influential aspects of conducting business. Information technology is used on a daily basis at all organizations, and it has grown exponentially throughout the course of history. Organizations purchase and implement information technology to gain a competitive edge over their competitors. This dates all the way back to the invention of the steam engine, in the mid-1800s, which allowed finished products to be mass transported by the railroad system. The companies and corporations that used the rail system gained a competitive advantage over smaller companies that used other modes for transporting their

“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.”

Information technology brings the basic change which is taking place in the natural things and application of technology

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.

Information, material and energy are the three major resources of human social development. The industrial revolution made people a great success in exploring and using of both material and energy resources. With the rapid development of modern information technology represented by computer technology, communication technology and network technology, the society is moving from the industrial era to the information age. The scientific and technological revolution, which is based on the digitization and network as the main features. It has a huge and profound influence on the production economy, the way of thinking, the way of

The Global IT consulting services are growing; this growth is occurring in the U.S and Worldwide market. “For 2016, CompTIA’s consensus forecast projects 4.9% global IT industry growth and 4.7% growth in the U.S. market. “(IT Industry Outlook, 2016) This represents a .2% growth difference. Showing the worldwide IT industry and U.S market’s growth are trending firmly. “According to the research consultancy IDC, the global information technology (IT) market surpassed $3.7 trillion in 2015 and is on track to reach $3.8 trillion in 2016 (constant currency). Covering revenue generated from hardware, software, IT services, and telecommunications. “(IT Industry Outlook, 2016). Showing an expected industry growth of 0.1 trillion increase.

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.

CHANGE is the only constant in the relationship between information systems and organizations. As technology evolves and changes, its introduction into organizations requires changes in the firm 's infrastructure and the services it can provide to its employees, customers, and suppliers.

Cybersecurity can be defined as the technologies and processes used to protect data, networks, and computers from attack or damage. Currently, it is one of the fastest growing careers in the field of information technology with a bright outlook in the future. There is a high demand for cybersecurity specialists with hundreds of thousands of jobs all over the country from Washington D.C to Portland, Oregon. With new technology coming out and changing every day, the cybersecurity specialist must keep up with the latest methods to ward off hackers attempting to gain unauthorized access to data. Four technologies that have a huge impact on cybersecurity would be cloud computing, software/tools, active defense measures, and encryption.

It definition of information technology, its use purpose, scope, and different levels have different interpretations. Information technology contains communications, computer language, electronic technology optical fiber technology. It also may affect computer and its interaction with people, machines, and people appropriate social, economic and culture unite things.

This business has developed on their products and services such as the first IPhone which was launched in 2008 was IPhone 3 and then this business has developed on this product and launched IPhone X in 2017.

Information technology can help to open the new business or market. The best evidence is e-commerce become popular. The website of many stores are not only sale their trademark, but also the online store, such as Monopoly luxury stores, Marshalls, Saks Fifth Avenue, and Bergdorf Goodman, the super market Wal-mark, Costco. The performance of these companies are very good whatever store or online-store. Undoubtedly, that is information technology helped them opened the e-business market.

Information technology is of great importance in this century 21, where life depends on rapid technological development. In the business world, information technology has been a big difference since its emergence as it helps in the development of both domestic and international sectors. Before Information technology in companies was more hierarchical in the transmission of information (misinformation). With the advent of information technology, the transfer of information has become much easier than ever and it was one of the most important reasons for the emergence of competitive advantages (SHARIRO, RG 2016). Information technology is one of the reasons why business technology is helping to enter the new market better and more at the present

In the business world, Information Technology plays a major part in companies’ success and growth. Technology is rapidly advancing at an exponential rate and what we can do now with IT is beyond what we could have imagined just a couple decades ago. I am pursuing a degree in marketing and looking into information systems as well, I expect to become a brand manager for a big company one day such as Apple, Proctor and Gamble, or GE, etc. In marketing we utilize data to gather information and knowledge to better understand our customers. I believe I would use IT to my advantage in a marketing career to help better the company I work for. IT Is growing significantly and the amounts of data I could utilize in a business career is astronomical. Furthermore, I would be able to use this data to have a better relation between the business and its customers and help the company succeed through the role information technology plays in this type of environment.