Information technology (IT) is the application of computers and telecommunications equipment to [1] store, retrieve, transmit and manipulate

data, often in the context of a business or other [2] enterprise. The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Severalindustries are associated with information technology, such as computer hardware, software, electronics, semiconductors, internet,telecom equipment, e[3] commerce and computer services. Information Technology is the study of many areas in technology, in IT it is studying the use of computers and other technology in finding information. IT is a branch from computer engineering that is becoming a rapidly growing field in today's careers.

The Impact of Information Technology on Business

PUBLISHED ON AUGUST 3, 2010 BY PRESENTSOFT. LEAVE A COMMENT.

Information Technology is essentially a wide and varied field. In fact, its not farfetched to say that Information Technology is practically involved in every aspect of ones life. So its only natural that something as ubiquitous as I.T. plays a major part in business. But what exactly is the impact of Information Technology on business? First off, I.T. affects how businesses go about with their usual routine. For instance: the technology allows companies to go paperless, depending only on digital databases to store important data. Many pundits see this as a risk; isnt digital data flimsy and unreliable, they ask. But the shift offers several benefits as wellincluding reduction in operational cost, since the business no longer has to buy or rent space or equipment just to store data. Information Technology also affects the accuracy of business operations. When a company uses a computerized accounting system instead of relying on a real live accountant, they eliminate (or, at the very least, significantly reduce) human error. And because such systems allow for faster operations, the companys workers can concentrate on more pressing tasks. Of course, I.T. also allows companies to communicate easily regardless of distance. Several years before advancements in Information Technology, companies rely on messengers and snail mail to relay information to other institutions and individuals. Today, communicating with another party is as easy as a click of a buttonthanks to email and internet messaging, among many other similar tools.

These examples illustrate that the impact of information technology on business includes lowered business costs and increase in business productivity. But the most important impact of Information Technology on business lies on how it has changed the marketplace from geographically-based to global. I.T. permits businesses to take their operations into a worldwide scale thanks to applications that allows them to set up a store online. Simply put, Information Technology has changed the business landscape due to its wide and varied scope. Of course, these changes are for the better.