IT IN BUSINESS Assignmnet

IT IN
BUSINESS
INTRODUCTION:
Business has been around since prehistoric times. It may have begun with nothing
more than barter trade, if the history books are to be believed, but it has since
morphed into something far more complex, and none of that would have been
possible without technology. The major industries of the world would collapse, if
the existence and use of information technology were to be snatched suddenly
from businesses. That's because most business transactions and operations cannot
be conducted in the 21st century without technology.
IT ORGANIZATION:
An IT organization (information technology organization) is the department within
a company that is charged with establishing, monitoring and maintaining
information technology systems and services. With the level of technological
integration into nearly every facet of life and business, it’s practically essential for
companies, large or small, have an Information Technology (IT) department to
handle all the technological issues that arise. The IT department oversees the
installation and maintenance of computer network systems within a company. This
may only require a single IT employee, or in the case of larger organizations, a
team of people working to ensure that the network runs smoothly The IT
department must evaluate and install the proper hardware and software necessary
to keep the network functioning properly. As this involves working within a budget
allocated to the department for network devices and software, the IT department
must make sure that the equipment it invests in will optimally serves the needs of
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the company without going over budget. Networks can be simple or extremely
complex depending upon their size and composition. In addition to staying current
on trends within business technology, IT employees may require college degrees in
a computer field to adequately handle the issues that arise in maintaining such a
network.

ROLE OF INFORMATION TECHNOLOGY IN
BUSINESS:
The IT department is at the epicenter of the building and maintenance of
communications networks for businesses small and large. Not many companies,
big or small, could survive without a good IT department making them imperative
to a business’s day to day existence. From sending an email, to changing a
password, accessing databases and everything in between IT are there to help every
step of the way. IT in business is ultimately to help the business be more efficient
and productive. It has a number of different roles including but not limited to:
 Helping the company be more productive, time = money.

 Optimising business performance
 Safeguarding data and troubleshooting
 Saving the business money
 Improving customer experience, satisfaction and communication
 Streamlining communication systems
 Enhancing managerial decision-making
 Helping the business expand globally
 Providing staff access to company information
In this article, we are going to look at the role of information technology in
business and what makes this department so important to have a safe business.
USES OF IT IN BUSINESS:
Over the years, technology has caused an explosion in commerce and trade.
Because of technology, many traditional business models and concepts were
revolutionized. Technology gave us the opportunity to see things from a new
perspective, and to approach what we were already doing from a new perspective.
Technology also gave us greater efficiency for conducting business.
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Some of the areas in which technology is crucial to business include point of
sales systems, the use of ICT in management, accounting systems, and other
complex aspects of everyday business activities. Even something as simple as the
calculator, which was revolutionary in its time, came about because of
technology. It is tough to imagine going back to performing tasks manually. It
would take us back about 100 or so years.
Product Development
Information technology can help companies identify changing customer needs
faster than traditional research and response strategy. Ultimately, this helps the
company respond quickly to changes in the external environment. Information
technology can speed up the time to market for new products.
Advances in laptops, smartphones, and tablets have allowed everyone to work

from anywhere. Since technology allows us to make more powerful computers, we
can travel and even participate in sports freely while focusing on our business.
People now have more options to work from home. Travel that was once annoying
but inevitably interrupts the workflow now gives business people the opportunity
to learn about all aspects of their business even on an airplane or it can be obtained
from almost anywhere at an alarming rate.
Operational Efficiency
Information technology can also help businesses understand their cash flow needs
and save valuable resources such as time and physical space. Inventory
management technology allows business owners to better understand everything
from managing inventory costs to delivering products.
In the field, executives can save time and money through the Internet instead of
holding meetings at the company headquarters, especially in the era of Covid-19,
when everyone is locked inside their houses.
Online Payment Transfers

Digital currency transfers between two or more parties are now the fastest way to
process any business transaction. This is much cheaper than the traditional way of
sending paper invoices and paying later.
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Online Storage
Almost all businesses use computers to store business data. Computer programs
such as Excel and Office help keep the numbers at hand. Accounting software such
as Tally can store business information such as sales, tax documents, and business-
specific data.
Globalization
Globalization means the integration of the market into the world economy.
Information technology helps businesses grow locally and internationally. Companies
can outsource their non-core tasks to other small businesses around the world and use
interconnected technology to communicate.
CONCLUSION:
Use technology to integrate communications into your business. Keep your

employees in touch, for example, use collaboration platforms and social media to
keep everyone up to date on business and development. They should be aligned
with the company’s goals and their performance should significantly improve. You
can also use information technology to improve the services you provide to your
customers so that they can provide feedback on your products and services and
suggestions for improvement. With improved security standards, you can also
completely delete passwords and test biometric security systems that do not require
you to remember dozens of passwords at once.
HIRA KHALIQUE
02-111231-138
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IT IN

 Helping the company be more productive, time = money.

Advances in laptops, smartphones, and tablets have allowed everyone to work

Online Payment Transfers

Use technology to integrate communications into your business. Keep your

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