Importance Of IT

Also information systems assist with making decisions and business processes by formulating strategic plans and make decisions for the organisation longevity and prosperity. Additionally information systems add controls to employee processes, ensuring

Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. (Daintith, John, ed. (2009), "IT", A Dictionary of Physics, Oxford University Press, retrieved 1 August 2012). IT consists of three parts, first is sensing technology, and the most obvious example is a bar code reader; second is communication technology which bear transfer function information, and last is computer technology, and it commitment to information processing functions. IT industry has a great impact on human life, such as mobile phones, laptops, and other electronic products, which are an important part of daily life, are products of IT industry. Not only that, IT industry also

The use of Information technology in business is considered as a path for successes. Also, with the

The five major components of an information system are as follows (1) to (5); (1) Hardware, multiple computer systems: microcomputers, minicomputers, and mainframes. (2) Software- computer software falls into two categories; systems software and applications software. Systems software manages the resources of the computer system and simplifies programming. Application Software is a program that directly assists end users in doing their work. Both can be purchased as ready-to-use packages. (3) Networks and communication facilities, includes Internet and intranets. This hardware and software facilitates fast and efficient transmission and reception of text, pictures and

Information technology is defined as shared technology resources that provide the platform for an organization's specific information system applications. IT deals with the technology involved in the systems themselves. According to our book, it consists of all the hardware and software that a company would need to use in order to achieve its business objectives. This includes not only computer machines, storage devices, and handheld mobile devices, but also software, such as the Windows or Linux operating systems, the Microsoft Office desktop productivity suite, and the many thousands of computer programs that can be found in a typical large firm.

In a society where everything is taken For granted, where there are no fundamental values and where is as easy to get married as it is to get divorced, a major attention needs to be given to the newlyweds in order to help them understanding the value of lifetime commitments and helping them to analyze and solve the most common mistakes they make. Marriage is responsibility, marriage sometimes is hard times and it’s a society matter. Newlyweds should be educated about what are the most common mistakes that leads to divorce and they should understand that committing yourself to another person means you don’t give up at the very first hard moment. Three are the most common “causes” that has been cited over and over by divorcee as the reasons of their divorces: lack of communication, lack of acceptance and lack of commitment.

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.

With the development of information technology industry rapidly, information system and technology had entered the daily life of thousands upon thousands of families. An information system is used to collect, process, create data and information as a complementary networks now. It can assist a large Internet which supports humans’ activities and decision. It is generally produced consists of six components, hardware, software, data, procedures, people, and feedback. Information systems include that people, processes, machines, DVDs, CDs, telephone, computer, iPhone, TV, iPad and information technology. Information’s produce needs Technology’s support. Technology is a collection of techniques, skills, methods and processes to

In business word wide the use of information technology systems is what keeps a business functioning properly. Every business holds a substantial amount of information that they must learn to sort, utilize and store efficiently. Everything a business does in their day to day operations requires the use of both information and technology. Payments, employee information, records, client information, all of this must be processed, stored, organized and analyzed for later use in the business. For example, at the end of a year businesses will need to pull old records and reports so that they can make predictions for future profit and pay their taxes to

We learn repeatedly about how important it is to follow promptings. But, it’s not always as easy as it sounds. Even when we do act on promptings, the outcome is often not what we expect.

In all decisions there exists one unique factor with the potential for dominating, even outright annihilating an original objective, purpose or intention altogether. That factor is time. In fact, it may be the underlying reason for a particular decision or course of action altogether. Especially profound are time’s effects on strategic decisions as conceivably long intervals and concomitant risk synthesize to produce a myriad of vulnerabilities. For example, the time value of money permeates any and all capital investment with a fundamental understanding that capital here and now has added value over the same amount in the future. Furthermore, experienced investors recognize there exists a direct correlation between a term of a bond and interest rates which affect stability of the principal; longer terms equate to riskier and elevated investment volatility. One will also find time a key component in formulations of mathematics, physics, and economics just to name a few. Amortizing a mortgage, calculations of speed and actuarial charts for life insurance are only a handful of applications that rely on time as an essential factor. Even more subtle is time’s ubiquitous nature as it suffuses the human equation.

Information systems are used to save valuable time and money by eliminating the bulk of manual labor. These will also provide many options from communicating with both the employees and the customers to the elimination of many tedious inaccurate processes.

Information technology not being used to its full potential can be costly to the company. Better use technology increases data and information sharing. Technology also decreased cost and time associated with communication (Epstein & Shelton, 2013).

The speed at which the new technology is increasing and the boundaries of innovation are crossing every limit , makes us expect our life to get easier by the time. But the speed of growth of new technology and expansion of innovation has made the anticipation of social and environmental implications very difficult.(meel and saat,2002;WBGU,1998). The speed of growth of science and arrival of new technologies in the world has succeeded the time we have to anticipate the changes caused by these innovations of technologies.

One of the key roles of the external auditor is to protect the interest of the public. To achieve this, it is important for the public to trust and have confidence in the work of an auditor. It is crucial that auditors appear independent to the public in both fact and appearance. For this reason, it is the auditor’s responsibility to ensure that there are no personal or business