Uses of ICT in Business
ICT is an acronym that stands for Information Communications
Technology. The concepts, methods and applications involved in ICT are
constantly evolving on an almost daily basis. It is difficult to keep
up with the changes - they happen so fast. A good way to think about
ICT is to consider all the uses of digital technology that already
exist to help individuals, businesses and organisations use
information. ICT covers any product that will store, retrieve,
manipulate, transmit or receive information electronically in a
digital form. For example, personal computers, digital television,
email, robots. Importantly, it is also concerned with the way these
different uses can work with each other. In business, ICT is often
categorised into two broad types of product: -
(1) The traditional computer-based technologies (things you can
typically do on a personal computer or using computers at home or at
work); and
(2) The more recent and fast-growing range of digital communication
technologies (which allow people and organisations to communicate and
share information digitally)
Application
Use
Standard Office Applications - Main Examples
Word processing
E.g. Microsoft Word: Write letters, reports etc
Spreadsheets
E.g. Microsoft Excel; Analyse financial information; calculations;
create forecasting models etc
Database software
E.g. Oracle, Microsoft SQL Server, Access; Managing data in many
forms, from basic lists (e.g. customer contacts through to complex
material (e.g. catalogue)
Presentation software
E.g. Microsoft PowerPoint; make presentations, either directly using a
computer screen or data projector. Publish in digital format via email
or over the Internet
Desktop publishing
E.g. Adobe Indesign, Quark Express, Microsoft Publisher; produce
newsletters, magazines and other complex documents.
Graphics software
E.g. Adobe Photoshop and Illustrator; Macromedia Freehand and
Fireworks; create and edit images such as logos, drawings or pictures
for use in DTP, web sites or other publications
Specialist Applications
Accounting package
E.g. Sage, Oracle; Manage an organisation's accounts including
revenues/sales, purchases, bank accounts etc.
Two organizations that show the importance of aligning a company’s business strategy with their IT strategy are Cirque du Soleil and Major League Baseball. Both of these organizations rely on digital technology to make it easier to provide to their customers better entertainment through collaboration.
Change is a word that I have constantly heard throughout my high school years. It is a transformation through which everyone goes whether it's for the better or for the worse. For me the meaning and value of change has helped me to focus on the goals I have to accomplish. For others, it is simply just a phase we go through. All of us here have been able to learn and develop from our changes to be come a better and successful person.
In order for any business to stay ahead of its competition it must carefully monitor its resources allocating funds to each area of the business by the level of importance that area requires. Decisions that are made in this area are vital to the operation of the company. If an important department is not given the adequate funds that it needs to be completely beneficial while extra funds were given to a department that is able to be fully beneficial with less money then a serious mistake was made, perhaps costing the company their competitive edge. One way a company can avoid this is through the implementation of a value chain model. This will allow the company to see which departments are the most beneficial and require the most funding. One of the difficulties in making this model is deciding the importance of departments that do not directly produce or distribute products or services for the company. One example is the Technology Department. Although this department does not appear to directly make money for the company they contribute a considerable amount to those departments that do.
Primus Securities is an online trading company. The purpose of this paper is to review the decisions that must be made to launch and maintain an online trading company.
My whole life, I have been presented to a single element called change. Change occurs in many different forms and is carried out in many different ways. However, just recently, I have come to the realization that change can be the deepest of all subjects. I always assumed that change occured when you moved to a new town or when you lost someone close to you. Those are elements to change, yes, but change doesn't have to occur over a single dramatic event. It can just happen overnight when your brain determines it's time to do something different.
This paper analyses the impact IT has had on business and discusses the advantages and disadvantages of IT for business today. Today the technology is so advanced, information technology is nearly applied in any filed. Next I will describe it from application of IT in business and application of IT on education. And I will introduce IT simply and concretely introduce IT on education. Although IT makes it convenient to run the business, it also has both advantages and disadvantages.
The Impact of Technology on Business The words business, trade, and exchange of commodities are all synonyms. In the early age of civilization business was carried out on the basis of Bata trade as currency came into existence and there were business set Ups. Our perception started to change towards business but more so since the last 50 yrs with the advent of the information technology the world has turned around. With the establishment of the Internet, business has become globalized.
The computer has introduced the world to the internet. The internet has brought us into a new age of development. Through computer technology and internet development, business are rapidly developing and at the same speed changing.
Li, F 2007, What is E-business ?: how the Internet transforms organizations, Blackwell Publishing, Oxford.
Technology is without a doubt backbone of our society since we are addicted to the extent that maybe can't live without it. So what is technology basically? A simple definition of technology is a process of completing particle tasks by implementing scientific education. This can be for small-scale like basic routine tasks or in industry, we are like slaves of technology in every aspect of life. Even in business, technology is seizing human brain and manpower for them. You just sit and keep a check while leaving the rest of technology.
The advancements in the technological world have allowed supermarket chains and other national stores to quickly dominate the market and are driving out the concept of the ‘local stores’. This surge in the market has seen shares rise and profits bulge with the three main contenders in mind being Sainsburys, Safeways and Tescos who now serve the whole of the UK between them and are the household names of the shopping world. The ICT input to these businesses is vital in that it provides speedy service; controls stock levels and will even allow bank balance transfers to be carried out with minimal difficulty or technical experience.
Information Technology is Information technology also referred as (IT), as defined by the Information Technology Association of America (ITAA), is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." Information Technology deals with the use of electronic computers and computer software to convert, store, protect process, transmit, and securely retrieve information. Within the profession of IT people can perform many jobs in the
We Team 48 have decided to choose the title ‘Technology in the Workplace’. There are many definitions for the term ‘Technology’, however it can simply be narrowed down to a simple definition. Technology is the branch of knowledge dealing with engineering or applied sciences, using machinery and devices developed from scientific knowledge used in industry. Technology in the workplace is very important as it allows businesses to expand quickly and efficiently as well as improving their goods and services. Business technology including social networking, video conferencing, blogs and instant messaging has removed boundaries in the workplace and assisted business expansion. Business technology allows firms to target
The following is a list of all the things that my adult uses for Ict