The Business And Information Technology

Published Date: 02 Nov 2017

INTRODUCTION

Nowadays business and technology are much related among them.Firstly.business can be explained as an organization or economic system where goods and services are exchanged for one another or for money. We know that each business wills requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses also can be privately owned, not-for-profit or state-owned. As an example of a corporate business is PepsiCo.

While information technology also can be defines as a field of concern with the use of advancement in technology in managing and process of information. Information technology is an important of business success and innovation. It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies.

In this era 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. From all the reason, we live in the "information age," it means that information technology has become a part of our lives.

OBJECTIVE

To identify the uses of information technology in doing business.

To know the relationship between business and information technology.

To describe the impact using information technology in business.

BODY OF ARTICLES

The first objective that will be discussed about business and information technology is to identify the uses of information technology in doing business. There are some reasons why information systems are importantfor business today which are operational excellence, new products, services, and business models, customer and supplier intimacy, improved decision making and competitive advantage.

For the first reason is operational excellence. This reason can improve the efficiency of their business operations in order to achieve higher profits. Information system is an important tool available to managers for achieving higher levels of efficiency and productivity in business operations. The best examples is Wal-Mart Retail Link system, which digitally connects providers to each of the stores Wal-Mart. as soon as customer purchase an item, also the supplier monitoring item, know to ship a replacement to the rack.

Second reason is in terms of new products, services, and business models. In this point information system is a key tool for firms to create new products and services, and also the whole new business. Apart from that a business model illustrates how companies produce, deliver, and sell a product or service to create wealth. As an example is Apple incorporation transformed an old business model based on its iPod technology platform that included iPod, the iTunes music service, and the iPhone.

Other than that, Customer or supplier intimacy also can become one of the reasons. When business serving customers well, the customers generally respond by returning and buying more. This raises revenues and profits. More business involving suppliers, better suppliers can provide important input. This will involve lower cost.

As an example is the Mandarin Oriental in Manhattan and other exclusive hotels exemplify the use of information systems and technology to achieve customer intimacy, they use computers to keep track of guests' preferences, such as their preferredroom temperature, check-in timeand television programs.

Fourth reasonwhy information systems are important for business today is it will improvethe decision making. Many managers operate in the information bank, never having the right information at the right time to make an informed decision. This poor outcomes increase costs and lost customers. Information system allows for managers to use real-time data from the market when making decisions.

Lastly, the reason for information system is important because of the Competitive advantage. When firms achieve one or more business objectives (operational excellence, new products, services and business models, customer / supplier intimacy, and make better decisions) the possibility are that they have already achieved a competitive advantage. Doing things better than competitors, charging less for superior products, and respond to customers and suppliers in real time all add up to higher sales and higher profits for example is Toyota Production System focuses on the organization of work to eliminate waste, making further improvements, the TPS is based on what the customer actually ordered.

As the whole information systems are the foundation for conducting business today. In many industries, survival and even existence without extensive use of IT imagined, and IT plays an important role in improving productivity. While information technology has become a commodity, when combined with complementary changes in organization and management, it can provide the basis for products and services, new, and ways of doing business that provide firms with a strategic advantage.

Second objective for study about the business and information technology is about the relationship between technology and business. Procession of business into technological age continues at a rate increasing every year. But what many businesses do not understand that technology is only part of the effort to get things done, the better, easier and faster. Technology offers the ability to change your internal business processes to gain efficiencies and improve quality. Without improvements in business processes, you only reach half of the benefits that technology has to offer

Besides that, businesses already see the benefit of technology, instead of being able to communicate faster with clients and customers by email or scanning documents into PDF files but there is so much more to technology than speed. As an example the process of routing mail internally. Every company has to do process mail, and has developed an internal process to sort and route mail. Scanners allow us to convert that mail into PDF files. PDF files can be stored in a particular incoming mail folder, summarized and routed by email or reviewed before scanning occurs.

In many instances, the mail in PDF form will then have to be routed to other team members and in many instances people outside the company including clients and customers. All of these things need to be done whether or not the piece of mail is paper or PDF. The ability to scan and convert documents to PDF creates a unique opportunity to rework the internal business process of incoming mail in ways that would have not have made sense in a purely paper world.

In the paper world, business process went something like this post. Receptionist route the mail into piles, those piles finally getting distributed to the secretary who then opened the mail and perform the functions of the calendar. The mail then routed from the secretary to the inbox of the businessman who then read the messages and put a yellow sticky on top sheet, showing something like "please handle." The secretary then gets back a piece of paper and either file it or follows an undocumented process of routing.

Furthermore, there is a relationship between a successful business today and technology. As a matter of fact, technology in this day and age is what determines the swift running of a business. It is the speed in which you retrieve information, the manner in which you organize your client’s data and system of record keeping in your business. The ability of a business to have people process and technology integrated together is equivalent to its ability to rise into a high performing business.The tool of technology acts as a leverage for your business. It has changed the manner in which we do things within our income generating zones.

It is truly says that business and information technology is very strong related among them.It is because the technology allowed for the scanning to occur, but a shrewd businessperson understands that the technology allowed for drastic improvements in the internal processes in order to improve quality and reduce the risk of accidental error. Virtually all technology, which is implemented in the office, creates new opportunities to improve our business process and therefore increase our competitive position in the market.

Challenge ourselves to think about whether or not the process that is surrounding the technology is really the one that makes sense. We are no longer in the industrial age. Industrial age processes will soon be obsolete. The most competitive businesses will be the ones that merge technology and process, creating new forms of business altogether.

The third objective is about the Impact Using Information Technology in Business. Information Tech has revolutionized the phase of business around the world. Local businesses have become international due to a simple website. Information Technology has helped businesses in advertising. Information technology has helped in customer service this is because a huge corporations like Microsoft attend to customer needs through email and chat services. Networking internal and external in organizations has improved the working of businesses. Staffs and clients likewise can get in touch with the managers for feedback, progress reports and extensions.

Communication has bloomed,the two business organizations if they need to work together can easily do so. As an examples is Hotmail, when merged with MSN was easy since the service was online. Business these days require a lot of planning, due to high tech organization systems on computers, planning can be done on an organized pattern, with schedule formats, grant charts etc. Huge databases can now be controlled and stored on network and back up drives. Accessibility of files also has become an easy task with series of password keys and shared folders. Cash transactions are easily made, delay in reduced hence giving liquidity to business.

DISCUSSION AND CONCLUSION

Technology is the backbone of running any successful business in the modern society. The kind of business setup we have today requires an entrepreneur to take note of the ever evolving technology and keep pace. Many business men would be sincerely surprised at the degree of impact modern technology can make in their business. The primary mission of Business & Information Technology is to prepare students for business occupations and to teach students about business. Education about Business & Information Technology focuses on those aspects of business that affect every member of society, however preparation for business occupations focuses on the preparation of individuals to own or operate their own business or to work in a variety of business functions.

Within the local school district and community, it is the business educator who must develop and nurture a comprehensive business program. The support base for the program should include former students, business employees/employers, informed educators, parents and all others who recognize that business education can improve the quality of life for the individual and well-being of the community.The Business & Information Technology consultant and staff at the Department of Public Instruction offer major support to business educators at all levels.

As the conclusion, business and information technology has very good combination in order to success especially in business world. Many advantages that we can have if we implement information technology in our business such as it is more easier to us to communicate with supplier and customer to the entire world. As an examples is by using social networking is very famous ways to run a business which is facebook, blog and so on.