This document discusses how information technology can benefit businesses. It states that while IT requires investment, it can streamline communication both internally and externally through tools like video conferencing. IT also enhances competitive advantage by facilitating knowledge sharing and analysis of information from various sources. Additionally, IT enables effective information management through secure storage, sharing, and backup of important files and data over time. The document promotes integrating IT into businesses to reduce costs and improve efficiencies.
Information and Communication Technology (ICT) is an integral part of business management now-a-day. It is inevitable for the smooth running of business irrespective of size and complexity. Due to the rapid development of ICT and its huge use in all spheres of our lives, businesses are also substantially influenced by it. Now, the resources of the businesses are primarily managed by using ICT supports that helps perform tasks faster and more accurate than before. But the developing countries are still struggling to introduce ICT supports in all areas of business management processes as the effort is substantially hindered by a strong but ineffective work culture. Therefore, to use ICT in business management we need to know the issues and challenges of it.
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Data has enormous power in the present day. As a primary asset of organizations, it is revolutionizing various sectors. Simply put, data is the information stored in or utilised by a computer, smartphone, or other electronic devices. The process of "Datafication," which includes the identification of data, is seen by businesses and analysts worldwide as the way of the future of commerce.
CEO - Anju Vallabhaneni Inspiring Tomorrow's Leaders!
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Information and Communication Technology (ICT) is an integral part of business management now-a-day. It is inevitable for the smooth running of business irrespective of size and complexity. Due to the rapid development of ICT and its huge use in all spheres of our lives, businesses are also substantially influenced by it. Now, the resources of the businesses are primarily managed by using ICT supports that helps perform tasks faster and more accurate than before. But the developing countries are still struggling to introduce ICT supports in all areas of business management processes as the effort is substantially hindered by a strong but ineffective work culture. Therefore, to use ICT in business management we need to know the issues and challenges of it.
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Making information technology work for your business
1. 5/21/2018 Making Information Technology Work For Your Business - Anju Vallabhaneni
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Making Information Technology Work
For Your Business
posted Apr 19, 2018, 2:14 AM by Anju Vallabhaneni [ updated Apr 19,
2018, 2:15 AM ]
Information technology has transformed the lives of people
and businesses around the world. Its components have
become crucial parts of each business in the present. IT is both
the price of doing business and a chance to do more
transactions.
Image source: pixabay.com
While it doesn’t come with a cheap price tag, integrating IT
into a business has many benefits. Communication is essential
to all kinds of trade, and IT assists in streamlining it both
internally and externally. For instance, holding online meetings
and video conferencing through various platforms like Skype,
WebEx, and GoToMeeting offer companies the opportunity to
work together virtually in real-time, which significantly reduces
costs linked to bringing clients in the office or communicating
with staff members who work remotely.
IT provides companies with the ability to enhance their
competitive edge in the marketplace, through facilitating
knowledge transfer and strategic thinking. A company’s access
and leverage in social networks and subscription databases
have made them capable of assembling, interpreting, and
transforming information like never before.
Companies have information that need to be kept private to
maintain the usual flow of the business. Information
management—a domain where IT once more shines—defined
as the storage, preservation, and maintenance of information,
is necessary to any business that must store and secure
sensitive information for extended periods. IT supplies firms
Search this site
2. 5/21/2018 Making Information Technology Work For Your Business - Anju Vallabhaneni
https://sites.google.com/site/anjuvallabhaneni/blog/Making-Information-Technology-Work-For-Your-Business 2/2
the capacity to store, share and backup files for later use while
protecting information from being accessible to unauthorized
individuals. In addition, IT is an excellent means to cut costs
and eliminate wastes in the office.
Image source: pixabay.com
Anju Vallabhaneni is the CEO of United Software Group, Inc., a
minority business enterprise established in 2002 offering IT
solutions and services. For more updates like this, follow this
Twitter page.
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