Innovation is a very important aspect of success in every business in this modern world where everything is digital. The purpose of Information technology in a business is to ensure that things are done differently and in a smarter way. The uses of Information Technology in Business Management has dramatically changed the lives of many people as well as organizations. In this digital world, people can do shopping on-line, have on-line bank accounts, interact through social networks and also benefit from cloud computing. All these examples of business management are made effective through accurate business planning and use of information Technology.
Significant ways that many businesses and organizations have benefited from IT include:
UNLIMITED STORAGE SPACE
Many businesses have largely embraced the use of computers for storing data. This has largely reduced the need for paperwork that used to consume large spaces especially where large amounts of data had to be stored. A computer has replaced shelves and cabins that were initially used for storing records. A single computer can store terabytes of data that could be equivalent to a whole room full of files and records.
There is also cloud computing that allows businesses to store their data on-line. This data is kept safe and can be downloaded in case a company suffers from disasters such as fire, floods or theft.
Both small and large businesses have turned to the Internet for reaching as many consumers as possible. Almost all businesses own a website today. A website is very essential as a business can update their customers about new promotions or upcoming products. Most businesses also use the Internet to place their advertisement as it is cheaper compared to the media, and it is also worldwide which means that a business can expand it’s horizons.
Communication is a very important aspect in a business. Information Technology offers many businesses with a wide range of communication channels. One easy and very cheap way of communicating is through e-mails. E-mails are very fast and very cheap compared to letters. Social medias are also very good in reaching as many customers as possible. Businesses can place photos of their products for consumers to see. This makes it very effective because the consumer is kept updated about the new products in the market as well as what to expect in the future.
It is true that the uses of Information Technology in Business Management should be embraced by small and large organizations in order to reach as many consumers as possible.