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What is ICT and its usefulness in business
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Information and communications technology (ICT)?
To illustrate the importance of Information and Communications technology (ICT) for the smooth running of a multi-site business.
Information and communications technology is a system used to control, manage, process and create information through telecommunications technology and computers. (Otherwise known as ICT). Although information and communications technology describes a large range of systems there are still some underlining common features.
An information system incorporates a group of people, equipment and procedures. It is there to collect, record, process, store, retrieve and present information.
The importance of ICT for the smooth running of a multi-site business is paramount, the following are a number of ways in which ICT can improve your company’s performance;
- Increased Efficiency: If programmed correctly, computers can monitor the data collection processes very efficiently, whilst also checking for human errors and providing help and guidance to the user. Most large scale organisations are using computer-assisted interviewing as standard in many of their surveys simply because of the remarkable achievements good data collection programs can make to reduce human error and speed processing in the collection of important information.
- Speed and Processing Power: Modern computers are fast. They are able to complete tasks 100’s of times faster then we would be able to. Most computers are now so powerful, that computer users rarely come even close to utilising their full potential.
- Cost Containment: ICT technology is an expensive thing to incorporate within your business however it will eventually create substantial cost savings through less time being wasted on laborious tasks and on recuperating human error.
- Versatility: As computers become more powerful and efficient, you are able to make them do more varied and creative tasks. The average PC can already perform most multimedia functions such as reproducing photographic pictures as sharp as any film. The advantages can range from being able to create advertisements for your company to monitoring stock controls.
- Departmental co-operation: With open and shared databases, it enables a company to remove barriers between departments giving staff more accurate information and greater competency to serve cus...
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...aotic. The process companies, management and business, in general, are going through, are creating major opportunities and challenges for the business world. Companies are becoming adept at using information systems and technology because their potential is becoming apparent to them. ICT should be thought of as an investment that will deliver the benefits today and in the future. These benefits are of two main types: Improvements in infrastructural efficiency, as information systems replace old ones with systems that are more flexible, have greater reach and cost less to run, and new business opportunities made possible by new information systems. These opportunities include improvements in external and internal processes, tapping employees’ and external knowledge, and the creation of networked communities of customers and staff. ICT should be able to streamline your business, produce measurable improvements, but most importantly managers need to use the resource to be on the lookout for new business opportunities.
BIBLIOGRAPGHY:
1. Heathcote.M .P, (1998) ‘A’ Level Computing
2. Cushings.S. (1997) GCSE Information Technology
3. Bastin.C. (1997) Access 97 Basics Unveiled
These statistics are amazing, but even more amazing is the development of computers. Now in 2005, in this short 68-year period, computer technology has changed its entire look; now, we use computer chips instead of vacuum tubes and circuit board instead of wires. The changes in size and speed are probably the biggest. When we look at computers today, it is very hard to imagine computers 60 years ago were such big, heavy monsters.
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
In summary, “Internet activities are not most significant in competition, such as informing customers, processing transactions, and procuring inputs”. (Porter, 2001) significant corporate assets--skilled employees, proprietary product, and efficient logistical systems – these factors are the most important to keep competitive advantages. In fact, it is foreseeable that the Internet's evolution will come up in the future involve a shift “in thinking from e-business to business, from e-strategy to strategy”. (Porter, 2001)Only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage.
Turning to the issues related to information handling, the definition of the information management should be mentioned. According to Hinton’s perspective (2006, p.57) the information management is “the conscious process of gathering information”. A brief overview of the presumable information sources in a high-technology company can help to outline the situation. T...
Subsequently, in order to assess and understand the practices involved with KM, we must first recognize the underlying provisions and implications within the IT sector. Information technology has had a dramatic influence over organization overall performance, IT driven structures have been able to evolve over time, in part due to the integration and implementation of such practices alike. Resulting from such assimilations, most division have yet to maintain proper executive IT sectors and overall preservation, mainly due to either lack of knowhow or inefficient policies in place that limit any advancement.
Today there are no limitations to what technology can do to change the way we do Business. From online malls like(http://www.mall.com) to sites likeE-Bay technology has changed the way we do business. What we can conceive we can achieve. What is coming up next might impact our ways of doing business but the major impact, the major changes have began and what will lead now will be enhancing those changes. We have discussed many ways that technology has impacted our businesses.
Turban, E., Volonino, L. & Wood, G. (2013). Information Technology for Management: Advancing Sustainable, Profitable Business Growth, 9th edition. Wiley publishing.
When it comes to network management, one method we have to mention is that intranet - one of the most popular network management methods in current companies. An increasingly common corporate tool for organizing access to proprietary databases, an intranet is an internal web site that runs entirely on a private local or wide area computing network (Rouse, 2006). Unlike the usual connection to the Internet which connects by dedicated telecommunication links or phone lines whereas an intranet relies on corporate data networks. This means that data transfer rates toward to far faster on an intranet than on a normal Internet connection. In this part, similarly, taking intranet establishment as an example to explain that why network management makes an enormous contribution to the development of the companies. Firstly, an obvious intranet benefit is its cost-effective feature which it gets from the paperless environment. Under an intranet environment, a company can publish most of the company documents through the intranet platform which can save the company’s money on printing files and distributing data, copying and document maintenance overhead. For example, the HRM company PeopleSoft “derived significant cost savings by shifting HR processes to the intranet” McGovern(2002) mentioned. McGovern continue to say that the manual enrollment cost in benefits was around USD109.48 per enrollment, "shifting this process to the intranet reduced the cost per enrollment to $21.79; a saving of 80 percent". Another company that saved money on expense reports was Cisco. In 1996, Cisco processed 54,000 reports, amounting to USD19 million, the cost per report was USD50.69 whereas thanks to the process had been moved to the intranet, in process cost ...
“Computers play a key role in almost every sphere of life” (Berry, Terrie). Without them, everything would be different. People all around the world own or used a computer. Whether you are a professional in technology or just an average person, computers are still very important in your everyday life. “No other technology has accessed the world like computers and the use of the Internet have” (Maddox, Amanda). Without computers, consumers would not be able to do half the things as quickly as we can. Advances in computer design have increased its use for different industries, especially in the medical field.
Almost every device has some type of computer in it. Whether it is a cell phone, a calculator, or a vending machine. Even things that we take for granted most cars since the 1980’s have a computer in it or a pacemaker. All of the advancements in computers and technology have led up to the 21st century in which “the greatest advances in computer technology will occur…” Mainly in areas such as “hardware, software, communications and networks, mobile and wireless connectivity, and robotics.”
Advances in technology have changed businesses dramatically, in particular the communication and information technology that are conducted in firms, which changed the appearance and pace of businesses over the past few decades. ICT in particular, has evolved a lot over the past 30 years; important information can be stored in computers rather than being in drawers enabling information to be transferred at a greater volume and speed (Guy, 2009). ICT has also expanded various forms of telecommunications and workload conducted in businesses, internet examples of this include: e-mails can be used to communicate with others...
Advanced information technology management contain some of the basic functions of management, for instance organizing, staffing, budgeting and control, but it also has functions that are exclusive to IT, such as network planning, software development, change management and tech support. Usually, Information technology management is used by organizations to support and complete their business operations. Having an Information technology management department in organization or company will brought many advantages and convenience to employees. It’s also help the employees in the company done their stuff or work by much more efficient and effectiveness. Some organizations use information technology management as the core or center of their business.
The biggest and easiest seen change that computers have had on today’s society can be seen in the workplace. Before computers became an office tool and were made available to the average employee, paperwork and sharing information in an office setting was done by many different individuals constantly filing and looking up figures. Now a computer can store large amounts of information that is readily available to virtually anyone with the click of a mouse button. One person can complete a job that in a time before computers would take many. Computers have made file cabinets and libraries almost obsolete. Businesses can share information nation or even world wide in a matter of seconds. For example, a word document file can be sent from an office in New York to an office in Los Angeles in under a minute, in the past this same information would have taken a week to be sent through the mail. Computers have changed the way that factories are run too. On an assembly line, before computers every job, no matter how easy or difficult, had to be done by an employee. Now, however, computers run machines and do most of these tasks.
Turban et al. (2007: 6th edition) Information Technology for Management: Transforming Organisations in the Digital Economy. Wiley
Managers must understand how to achieve efficiency internally through applying new technology to operational processes. Managing new technology requires a thorough understanding of business technology management.