Information technology plays an important role in effectively managing businesses. It affects manufacturing, transportation, accuracy, advertising and competition in businesses. IT is used in businesses for keeping records, budgeting, marketing, research, communication and reporting. Common business software tools include reporting software, performance management tools, enterprise applications, dashboards and data mining. Important devices used in businesses include computers, printers, scanners, magnetic card readers, barcode readers and smartphones. IT also enables e-banking, e-commerce and improved customer service. In conclusion, IT increases business income and quality, competition, and helps decision making.