Impact of it on global trade

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overall impact of IT on global business and trade

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Impact of it on global trade

  1. 1. IMPACT OF INFORMATION TECHNOLOGY ON GLOBAL TRADE
  2. 2. GROUP MEMBERS  Amrita Gogte  Amruta Chavan  Kunal Malihalli  Siddhessh Gadkar
  3. 3. INFORMATION TECHNOLOGY  The development, implementation, and maintenance of computer hardware and software systems to organize and communicate information electronically.  In the broadest sense, information technology refers to both hardware and software that are used to store, retrieve, and manipulate information.
  4. 4. ROLE OF IT IN BUSINESS WORLD  Advertising  E commerce  Prediction  Communication  Applications
  5. 5. EFFECTIVENESS AND EFFICIENCY OF IT  Internet make the world smaller, large companies can now contact with employees and partners around the globe.  IT also shrieked the distance and time, simplified the complex business processes  For example: JP Morgan is investing over 24 billion in over 1000 companies around the world
  6. 6. GROWTH OF E-COMMERCE  Number of letters, voice calls and faxes around the globe have reduced.  30% of internet users say it has resulted in new business.
  7. 7.  Physical meetings and relationships are becoming scarce.  electronic commerce spells the end of geography and borders as industrial organization constructs
  8. 8. CATEGORIES OF IT FOR GLOBAL BUSINESS STRATEGY Functional IT Network IT Enterprise IT
  9. 9. POSITIVE IMPACTData protection Paper less technology More accessible Beneficial for stakeholders Competitive advantage No payment issues
  10. 10. NEGATIVE IMPACT Business relationship Employee morale No job security spam Dominant culture
  11. 11. SUMMARY AND CONCLUSION  In summary, advances in information technology have changed the way we live and have changed how people, businesses and governments interact with each other.  Competitve advantage is always where there is upgraded technology
  12. 12.  New technologies will continue to change existing practices and create new ways for your company to improve business practices.  Globalization has affected every person on earth in one way or another and will continue to influence their daily lives.
  13. 13. THANK YOU FOR YOUR COOPERATION

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