The Benefit Of Information Technology Towards Business

Published Date: 02 Nov 2017

INTRODUCTION:

These individual assignments given, then I choose the title for Business & IT. Business & IT is related each other. Business and Information Technology an important for people want open their business or medium for start business sell product or service. Business has many types private, partnership, shareholder etc. Many companies using IT for their business because will get many profit, customer and compete with competitors.

A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers. Business plan and Business model determine the outcome of an active business operation. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning. [1] 

What I understand about business can be established between each other by exchanging goods business. There is also a business carried on by itself it usually happens to people new to the business does not have a big capital. After the business forward and get more profits then traders looking for partners to expand the business. With the business partners can grow more rapidly up to do and do import or export to outside country.

"Information Technology," and is pronounced "I.T." It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies. Many companies now have IT departments for managing the computers, networks, and other technical areas of their businesses. IT jobs include computer programming, network administration, computer engineering, Web development, technical support, and many other related occupations. Since we live in the "information age," information technology has become a part of our everyday lives. [2] 

Meaning information technology or its call IT is field concerned with the use of technology in managing and processing information. The IT can be quite large, covering many fields that deal with the use of electronic computers and computer software to convert, store, protect, process, transmit and retrieve information securely. Information technology can be an important enabler of business success and innovation.

My opinion business and information technology is important today because people will generate more income from sell anything using information technology. We can make business using e-business, e-commerce and e-marketing. This entire business use information technology medium for advertises their product or service to consumer.E-business is the constant optimization of a firm’s business activities through digital technology. E-commerce is the subset of e-business focused on transaction. E-marketing is the use of information technology for the marketing activity.For examplecompany use information technology in their business is Walmart. Walmart is the world's largest online retailer H. Lee Scott, Jr. as CEO Walmartcreates a Walmart.com for their customer to shop online. After create the online shop Walmart will get many customers and get more profit from that Walmart can open many brunchs.

We have successful online businesses in the U.S., the U.K. and Brazil, where we’re already delivering the convenience of multichannel shopping. We also have growing eCommerce businesses in Canada and China. Walmart continues to expand in the fastest-growing markets today, where millions of shoppers are joining the middle class. In China, for example, our pending majority stake in Yihaodian, a leading online retailer, will open our product and brands to consumers. [3] 

OBJECTIVE:

For this assignment I choose Business and IT, I choose this topic because can give me learn more about business relation with information technology. This is my objective about this topic business and IT:

To be know the important information technology to business

The first object I want know information technology is important to business becausemajority people not have many time go to shop and buy goods. Information technology will help business to successand increase sale. If businesses use information technology the business will improve their performance workers.

Want know how information technology make business success

The second objective is I want know how information technology make business success. Information technology will help business with advertise the company will give any information about their business to all people so from that the people will get information. Businesses will use the lattes technology easy to get any information about news product in market and trend customer what their needs and wants. From that businesses will update in their company.

CONTENT:

The benefit of information technology towards business

Information technology has brought about significant improvement business.For business easy to communication each other when businesses use information technology in their business. Information technology has helped to make communication cheaper, fast, quicker and move efficient. The businesses will communicate to their entire customer around the global by simple text, messaging them or sending them an email for an almost instantaneous response. The customer can comment or complaint anything about businesses or product so from those businesses will accept any complaint or comment from their customer and also will improve their performance. And now businesses can make video conference with their supplier from another country, this step will care relation businesses to their supplier.

Other than that, information technology will store and protecting information. Information technology creates storage systems to protect businesses systems. When company use information technology in their business, information technology will protect system information from being hacked, or wiped out during a technological disaster. All data about customer, product and sales will be safe when businesses apply in their business.

Businesses will reduce human error when use information technology in their businesses. Before information technology develop worker use the manual for key in data and collect all data. From that maybe businesses will get many problems such as the data will be missing and the report not complete and take a long time for complete all data. But after information technology use in businesses all data will store safety, not get error and all data will be complete. Easy to worker want search any information about supplier or customers.

The last benefit of information technology towards business is the capability to store a large amount of information businesses. As we knowcomputer can keep records of the businesses in terms of data movements, transaction, customer records and supplier.Information technology can help businesses to improve the operation and management of the businesses.The employers will use this all data to do in order to know their employees according to performances.

DISCUSSION:

According to a Nielsen, Apr 25, 2011company survey, Malaysians spent RM1.8 billionshopping via the Internet in 2010, and this figure is expected to almost triple in 3 years.The study, commissioned by Internet payment service provider PayPal, also found that Malaysians were spending more on local websites with transactions up to RM825 million, compared to foreign websites which recorded onlyRM627 million in receipts last year. [4] 

In this article show how many people in Malaysia like shopping online. Every year percentage shopping online will be increase. It is the good way to businesses want use information technology in their business. Today majority people busy in their work, no have much time want go shopping complex, mega mall and any place so if the businesses use information technology easy to customer buy the everything use online. The people have many choices to purchase online airline ticket, book, cosmetic and computer.

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In the graph show the things can buy online, information technology is good for all people and also to businesses because give easy way to their customer want buy anything from their company. For example, the travel is a higher percentage in online because many people like travel to other place it’s easy to them want book flight, see the price ticket and time flight. Second higher is bill payment, all people can pay their bills use online and the others things also most popular in purchase online. Information technology give more advantage not for company but people also get the advantage.

CONCLUSION:

As for conclusion for this assignment has highlighted about business and information technology is important to businessesimprove their performance in business. Today majority business use information technology for their business. The businesses can receive news and update information into current markets trends or changes in a customer’s needs and wants the information can get from email or comment. Businesses are therefore able to provide immediate assistance to customers and improve customers’ service.

Other than that, the information technology will help managers and workers to inaccurate particular problem, conceive its complexity and generate a new products or service for increase productivity businesses.From that businesses always produce new product follow their customers’ needs and wants. Information technology will give new ideas for businesses come out with new product, all information about the product businesses can get from information technology. The information technology will help businesses improve their worker performance and information technology automatically increases the knowledge worker.

Information technology is also changing time to time so businesses will change based on the advance technology. Maybe after businesses use the new technology their will get fast information, save data and can protect the data business properly. All businesses should apply the information technology to their business. The last word for this conclusion is without information technology, the businesses not have a good qualified professionals and late to success in business.