Zeeshan Mir Baz has collected the information from the
website:http://tweakyourbiz.com/technology/2016/08/30/8-major-impacts-of-information-technology-on-businesses/ in this article30-08-2016 by
The rise of information technology has paved the way for various
innovations. With the digitization of information, more and more
businesses are increasingly leveraging the benefits of digital tools to
improve their prospects. Information technology has been crucial in
turning this process into a complete success.
Information technology has dramatically transformed the lives of
individuals. It provides businesses the scope to analyze data and plan
business strategies accordingly. Utilizing information technology means
that the data analysis is accurate, thus optimizing profits.
Information technology has had a major impact on various aspects of businesses. Let’s take a look at some of these here.
The concept of cloud computing is immensely popular among businesses
owing to the efficiency in business operations that it provides. Cloud
computing utilizes information technology to capitalize on its ability
to provide improved agility and time and resource management for
businesses.
Increasingly, businesses are shifting to the cloud to leverage its many benefits. It has been predicted that more than
$1 trillion will be impacted in IT spending by the transition of businesses to cloud computing by 2020.
“Cloud-first strategies are the foundation for staying relevant in a
fast-paced world,” Ed Anderson, research VP at the analyst firm, Gartner
pointed out, “The market for cloud services has grown to such an extent
that it is now a notable percentage of total IT spending, helping to
create a new generation of start-ups and “born in the cloud” providers.”
A good Internet connection and a commendable WiFi connectivity are important to accomplish this.
#2. Automation of Business Processes
The movement towards increased automation of business processes has
gained traction over the years. It improves efficiency and increases
workflow considerably.
Information technology helps in developing automated processes for
businesses. This not only helps in reducing the cost of operation but
also saves time. The time saved can be utilized to focus on other tasks,
thus speeding up business processes significantly.
Processes like billing, tracking metrics, collecting customer data,
monitoring certain processes etc. can be automated easily. There are
numerous automation software that can be utilized for this purpose.
#3. Working Remotely
Implementation of information technology provides the ability to
remotely access your company’s network. As a result, it equips employees
with the ability to get the work done even if they are not physically
present at the workplace.
Such agility has a number of benefits. Therefore, it has gained
massive popularity. In fact, according to a U.S. federal government
resource,
47% of the employees are eligible to work remotely.
Ian Adams, head of strategic marketing development at the outsourcing
company, Mitie pointed out, “We’re seeing greater collaboration between
HR, IT, property and facilities management and job titles like
‘workplace director’ making this agile workplace happen.”
#4. Mobile Technology
Mobile technology has picked up momentum owing to its convenience,
efficiency and speed. With the rise in the popularity of information
technology, implementation of mobile technology has gained ground
quickly.
The trend of BYOD (Bring Your Own Device) is on the rise owing to increased employee satisfaction. As many as
74% of the organizations
are already utilizing this trend or plan on doing so in the future. In
fact, the BYOD market is estimated to reach $181.39 billion by 2017.
Mobile technology takes business communication to a whole new level. A
mobile team can improve the workplace productivity considerably. There
are numerous
ways to integrate mobile technology in the workplace. In fact, chances are, your employees are already using it.
#5. Protecting Information
Every organization has a mammoth database comprising various
information related to business transactions, client details and so on.
Such information is extremely valuable to a business and can cause a
host of legal issues if it is lost. This is where information technology
becomes relevant. It provides the right resources to store the
information in a way that ensures maximum protection.
Virtual storage systems can keep information safe by allowing a
limited number of users to access these. Increased protection also
ensures that these systems are not hacked and the information is not
wiped out owing to some problems. Therefore, information technology
helps in upholding business integrity.
#6. Providing Customer Satisfaction
Customer experience and satisfaction are crucial aspects of all
businesses. The key to customer satisfaction is a strong customer
support team and its availability to cater to the requirements of the
customers.
Information technology provides the best tools for communicating with
customers and solving their problems in real time. It has unlocked the
facilities like Email, social media and other messaging platforms for
this purpose.
A happy customer-base is important for the growth of a business.
Various cloud-based communication channels have made customer experience
more improved.
#7. Management of Resources
A business has a variety of resources. These may include financial
resources, human resources and so on. For large organizations, managing
resources becomes quite difficult. Information technology plays a vital
role in managing these resources effortlessly by introducing a wide
range of feasible solutions.
For example, the integration of Enterprise Resource Planning (ERP)
has improved the efficiency of various business processes. ERP is a
business management software that enables an organization to use a
series of integrated applications that can manage and automate various
business operations.
Information technology is at the core of such software. The
implementation of ERP is progressing at a rapid rate with more and more
businesses implementing this efficient technology to make certain
business processes hassle-free.
#8. Open Source Software
Information technology has paved the way for various open source
software that allow free usage of certain tools for various
organizations. The primary benefit of open source software is its
flexible license. This allows modifications to the source code. This
means that you have the facility to customize its functions according to
your requirements.
Almost every software that businesses use has open source variants
that are widely available on the Internet. Utilizing these could mean
multiple benefits at reduced expenses.
Such benefits of the increased implementation of information
technology have provided businesses with competitive advantages. What
matters most is, how businesses are utilizing this technology to
maximize their profits and ensure long-term success. Done right, this
can help your business scale new heights.
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