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Impact of Information Technology on Business Operations

   

Added on  2023-06-09

13 Pages3642 Words88 Views
Business DevelopmentFinanceLeadership ManagementProfessional DevelopmentData Science and Big Data
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Impact of Information
Technology on business
operations
Impact of Information Technology on Business Operations_1

ABSTRACT
Current era of technology has made essential for bushinesses to opt Information
Technology in its bushiness operations. Although the technology use needs large capital but its
benefits are unmatched. Bushinesses uses the Information Technology for storing, retrieving and
processing the large information in a short period of time. It is essential for understanding the
businesses to know what type of software it needs for optimizing the operations of business.
Various issues like social and ethical are involved with use of modern technology which are to
be identified for formation of efficient policies for dealing with them. Executives of business
have no need to rely on the arbitrary senses but they may act and take decisions based on
quantitative data for gaining new insights and competitive edge.
Impact of Information Technology on Business Operations_2

Table of Contents
INTRODUCTION...........................................................................................................................4
LITERATURE REVIEW ...............................................................................................................4
Classification of Computers........................................................................................................4
Ethical and Social issues of using technology ...........................................................................6
Impact of Internet and Intranet on business...............................................................................7
Role of IT in business.................................................................................................................8
ANALYSIS and DISCUSSIONS....................................................................................................9
Classification of computers and their types in TESCO.............................................................9
Ethical and social Practices in TESCO....................................................................................10
Impact of Internet and Intranet on TESCO...............................................................................11
Role of IT in TESCO................................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14
Impact of Information Technology on Business Operations_3

INTRODUCTION
Information Technology refers to the use of computer devices and systems for accessing
the information. IT is accountable for large part of work force, operations of business and
personal access to the information. IT is used by each one from businesses to education centres.
Information technology plays a crucial role in businesses and gives the foundation for present
workforce from communication to management of data and efficiency of operations. IT assists in
various functions of business and aid in improving the productivity. The company selected for
this report is TESCO which is a British multi-national general merchandise and groceries
retailer established in the year 1919 at Hackney, London, England, UK by Jack Cohen. Company
is headquartered in Welwyn Garden City , Hertfordshire, England, UK. The report discusses the
impact of Information Technology on operations of business. A literature review on different
types of computer systems will be done along with it the analysis on different issues related to
use of technology will be mentioned. In addition the explanation of various ways by which the
executives of business exploit the IT for benefit of the business will be stated.
LITERATURE REVIEW
According to (Liao, Shi and Yee, 2021) for being able to utilize the full potential of
business company's today rely on using the Information Technology. IT aids in reducing the
input costs while amplifying and diversifying the streams of revenue.
Classification of Computers
According to (Gani, Yoshi, and Rahman, 2022) computers are of many types and are
different from each other. Here are some of the types-
Super computer- Supercomputer is very fast, powerful and expensive type of computer
for data processing. Their size and capacity of storage is huge and designed in a way for
processing large amount of data in less time with high productivity. They are specially
made for performing multi specific activities. Many CPUs work parallelly on these
computers and called multiprocessing or parallel processing. It is designed is very
complicated and may be heterogeneous, by combining computers of various architectures
passing all the existing computers and it makes it a ultra high performance
supercomputer(Habimana, 2018).
Impact of Information Technology on Business Operations_4

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