Impact of Information Technology on Business

Running head: IMPACT OF INFORMATION TECHNOLOGY ON BUSINESS
Impact of Information technology on business
Name of the Student
Name of the University
Author Note:

IMPACT OF INFORMATION TECHNOLOGY ON BUSINESS
Table of Contents
Aims of the study.............................................................................................................................3
Research Aims and Objectives........................................................................................................3
Literature Review............................................................................................................................4
Research Plan...................................................................................................................................8
Data Collection Process...................................................................................................................8
Data Analysis Process......................................................................................................................9
Gantt Chart Schedule.......................................................................................................................9
Feasibility of completion...............................................................................................................10
Data sources...................................................................................................................................10
Reference.......................................................................................................................................13
Appendix........................................................................................................................................16

IMPACT OF INFORMATION TECHNOLOGY ON BUSINESS
Aims of the study
There are different aspects of a business such as the production units, supply chain
networks, sales and marketing department, business perspectives of the external stakeholders and
customer help desk which can be boosted with the help of the recent advancements in the field of
information technology. The efficiency and the productivity of business organization can be
hugely benefitted with the use of the latest technologies (Kitsios & Kamariotou, 2016). It can be
said that these latest technologies also help the business organization to manage their different
internal business processes such as the payroll, record keeping about the employee data and
sales, accounting department. Thus, the paper will be focussing the impact of the information
technology devices in different business corporations. The paper will be focussing on the
different business aspects of information technology, it will also focus on the effectiveness of the
information technology in business organizations.
Research Aims and Objectives
The foremost aim of the paper is to understand the importance of the impact of
information technology in business. The growth and development of the business which are
boosted by the advancements made in the field of information technology will be focused in this
paper.
The different types of research objectives of this paper are as followings:
o To understand the role of the new technological advancements in business.
o To find out the effectiveness of the information technology in business.

IMPACT OF INFORMATION TECHNOLOGY ON BUSINESS
o To suggest the different ways through which the technologies can be used according to
the needs and requirements of the business.
Literature Review
As discussed by Wagner, Beimborn and Weitzel (2014), the latest technological
progressions in the field of information technology has boosted the growth and efficiency of
many business organizations. The researcher of this paper focused on the successful completion
of the organizational goals such as sustainability development with the help of advanced IT
technologies. The business value of the assets of the business organization can be secured from
the intruders with the help of the automatic sensory devices and surveillance. The researcher also
focused on the importance of the performance tracking device for monitoring the performance of
the stakeholders. The service quality of business organization can be improved with the help of
the IT technologies such as the Information System. The researcher also focused on the
importance of the overhead costs associated with the business organization which can be
minimized with the use of the information technology (Da Xu, He & Li, 2014). The main
advantage of the paper is that it focuses on all the possible role of the technological
advancements in business operations. The main disadvantage of the paper is that it does not
focus on the limitations of the technological advancements such as the high initial investments
which are required to get the desired results from the technological advancements.
However, according to Avgerou and Walsham (2017), there are different limitations
associated with the technological advancements. The researcher of this paper focuses hugely on
the limitations of the technological advancements which causes severe business loss for the