Information Technology and Business - Essay Example

This is an advantage for people who want to venture into such businesses. The internet also increases sales for business since entrepreneurs can advertise their products online and makes it easy for consumers to find the goods and services they need.Speed Computers and other related technologies such as phones and calculators perform fast and process information at a very fast rate. This has been a major reason as to why technology should be embraced in business careers. Information faster through emails and one does not have to wait long for documents to reach where they are intended to reach.

MultitaskingComputers are able to perform more than one task simultaneously. With the availability of the necessary hardware, a computer operator is able to have several programs running at the same time. The computers are able to perform tasks that the businessperson or administrator would not be able to effectively do manually such as complex calculations. EfficiencyDue to increased speed, efficiency also increases in business. Businesses with information technology receive changes are able to respond to them swiftly.

It also helps in the storage of documents in the business thus saving on space that can be used for other profitable purposes. The cost of renting or constructing more office space is also eliminated.Decision makingStrategic plans of any organization largely its success. If the strategies are adequate then the company is highly likely to be successful. Companies to formulate strategies and make decisions about the organization’s prosperity and longevity use information system. IS is used to evaluate information from various sources both internal and external and use the information gathered as a basis for decision-making.

Innovative products and models of businessCreation of new products, both goods and services, and development of a brand new description of how an organization carries out its duties such as production, delivery, and sales are often done through the incorporation of information systems.Judging from the above uses of information technology, it is just to say that this is a very important part of any business. Besides the advantages, it comes with save a lot for businesses and increases the profit-making capabilities.