Role Of Information Technology In Business Information: (Doc)
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Added on 2021-02-22
Role Of Information Technology In Business Information: (Doc)
Added on 2021-02-22
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Information technology in thebusiness environment
Table of ContentsINTRODUCTION...........................................................................................................................3LITERATURE REVIEW................................................................................................................3ANALYSIS AND DISCUSSION...................................................................................................4a) Identify the role of IT in the success or failure of a business firm.........................................4b) Find ethical and social issues that pertain to running businesses...........................................5c) Identify and differentiate between different types of networking technologies.....................5d) Discuss the importance of Intranet and Internet in your business..........................................6e) List and explain the different stage of system development life cycle...................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONInformation technology is a business sector elements which deals with computing, system& software, hardware, telecommunication and involving in the transmittal of an information. Inthis era of business, IT sector is comprises of system, software and hardware, with use of whichbusiness entity operates on a higher zone (Chaudhury, 2015) Along with this, IT facilitates inmaking business firm to takes decision on operating business function and making profitability.It is expectation that, in future IT would helps businesses in their long term growth and alsoprofit surety. This report will be carry on TESCO which is a leading retail firm in the UKengaged in selling groceries, food and other supply based services. This report will cover aspectsof role of IT in the success and failures of business firm. Ethical and social issues that pertain torunning business and brief discussion on different types of a networking technologies. LITERATURE REVIEWAccording to the Shahryar Sorooshian, (2016), information technology is defined as thecomputer software & hardware solution that provides a complete support of the management,operations and strategists in the business organisation. Those technologies who are engaged in anoperations, collection, transport, retrieving and access of an information in all its forms. IT canbe defined as a capabilities which is being offered to any organisation by a computer, software,business application and also a telecommunication to deliver data, complete information and fulltechnology as well as knowledge into the processing of an information (Bharati, 2017) It wasidentified that in the IT sector, role of information technology is important to rises businessoperation and also system be functions during the given point of time. Also, IT sector is in needto generates funds and money that needs to be put to establishes business outcomes of a retailsector. Use of the IT is to makes clear and completes records of transaction in retail business,enhances customer level of the services as well as optimised understanding of an operations.With support of the IT firm, supply can be able to contact with these firm in given point of time. Rai, (2018), impact of the IT environment on a firm performances by using firm level ITspending data as an input and financial data as a output. They are used IT investment measures:aggregates IT, client/server system and IT infrastructures. Whereas, their outputs expressed threedifferent performance items including: firm output (Sales and value added), financial (ROA andROI) and also an intermediate (labour productivity and administrative productivity). They have
also found that IT investments partially associated with a firms output positively, indicating thelack of a clear correlation between IT investments and business performances. Hence, this is anessential to makes out the clear understanding of how IT would be results into effective andoperations of a business firm (Bryson, 2017). IT sector is one of a leading sector which wouldenables the firm to takes out the corrective courses of an action. Hence, role of the IT sector iscompulsives to carry out a proper decision making for an individual to takes a compulsivedecisions. ANALYSIS AND DISCUSSIONa) Identify the role of IT in the success or failure of a business firmIT technology is one of a rising business sector, which deals with communication of aninformation, enhancing the suitability for a business firm to work with almost capabilities andmanaging resources of a firm in given time point of time. In the TESCO which is one of leadingfirm have realises on a suitability to work into a defined or proactive level. As, increased role ofan IT demands heavy investments on its structuring and implementation to accomplishes visionof an optimised business operations in given points of a time. Role of IT in success and failuresare equivalents. In context of the TESCO, roles of IT into business operations are as given under:Decision making: Speed and accuracy are at to the heart of making right decision for thebusiness. IT is centric towards making a corrective decision through involving into an effectivebusiness processes (Suyono and et. al., 2017). With support of an IT, decision making in respectof operation, digital level of marketing etc., are to be accomplishes to maintain an effectivedecision making to built out growth orientation for a business firm. IT system would helps intaking corrective decision taking on a respect to enhancing performances. Marketing and business growth: IT is one necessary business sector element, which dealwith enhancing chances to optimises performances to built marketing and business growth usinginformation technology equipments such as mode of communication, digital tools or techniquesand system or software to grab marketing purposes. To grab market share, digital marketing isone useful technique , who plays its role to attracts customer's using techniques such as SEO(search engine optimisation), PPC (pay per click) , social media and advertisements using googleanalytics tools such as google AdWords etc.
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