Information technology is advancing rapidly and has already changed the way many companies do business. With new computers and mobile devices offering a higher level of communication, businesses are improving their marketing and networking skills, staying in touch with the competition and their own customers, and making improvements in the way they conduct research and development.
Information technology has made methods of communication faster and more efficient, a key component to any successful business. With even more recent inventions like tablet computers and mobile devices being incorporated into the workplace, the level of connectivity in many companies has risen dramatically. By increasing both the frequency and the speed in which they communicate with customers thanks to information technology, businesses have become more accessible and available.
Companies began applying advancements in information technology years ago by creating websites, increasing world-wide awareness of their existence and attracting new customers. Today, many businesses are also harnessing the power of social networking tools like LinkedIn, Facebook and Twitter, which helps them share the latest company news and reach out to their clients directly. Because these tools are interactive, businesses can use the instant feedback they receive as a way of speeding up research, helping them to develop and grow their business faster.
The aforementioned speed in research and development is vital in staying on top of the competition in the business world. Information technology provides companies with immediacy on every level, keeping employers in touch with contact across the ocean as quickly as if they were in the next room. This level of connectivity helps create a more equal opportunity both for employers to find their ideal job and for smaller businesses to have the same advantages and access to customers as big businesses.
Information technology is constantly advancing, and the business world continues to change with it. With employees equipped with PDAs, employers conducting video conferences with peers around the world and a wider array of new multi-media applications and software improving the effectiveness of products, all fields of business have the opportunity to become more transparent, accessible and truly helpful in providing their service.
There are many ways of looking at information technology and how it has influenced the business world. A study conducted by the Center for Information Systems Research at the Massachusetts Institute of Technology suggests that there are three specific perspectives in which to see these changes, which include that of improving business, surpassing business competitors and deciding on joining a certain industry of business.
- Photo Credit business image by Szymon Apanowicz from Fotolia.com
How Does Technology Improve Customer Service?
Customer service is the lifeblood of any organization, and it is not just a department but must be the attitude of the...
How Can Information Technology Change a Business?
The pervasive influence of information technology (IT) in the computing age cannot be overstated. Since the 90s, IT has brought about a...
Changes in Technology in Business
The changes in computer, information and communication technology are influencing all aspects of the business world, from marketing and networking to research...
How Does Pricing Strategy Influence Competitive Behavior?
Pricing strategies refer to the choices a business makes in setting prices for its products or services. Effective pricing strategies set a...
Communication Technology in Tourism
With the explosion of technological advancements in the mid and late 20th century, tourists discovered increasing access to a growing array of...
Influence of the Internet on Business
The internet has given birth to many new forms of communication technology, such as email and social networking websites. The internet has...
Communication Technology Impacts in the Workplace
Communication technology, like email and videoconferencing, has revolutionized the workplace. Electronic communication has changed even physical aspects of the workplace, from how...
How Technology Influences Communication
Do you remember when the mail system was the main way to communicate long distance? Of course not, the advent of the...
Technology's Influence on the HR Field
Technology influences the way people do business. Technology also revamps the workplace, making human resources functions more efficient and complex at the...
Examples of Technology in Business
Technology has forever changed the way people conduct business, especially where the flow of information is concerned. Some examples include: Internet access...
Factors Affecting the Economic Environment of Business
The economic environment of business is affected by internal and external factors. An internal factor that affects the business environment is the...