Business world has shown a remarkable interest in social media and made it as one of the major domain areas of the Click & Mortar world, needless to mention the flip world which runs only on the advancements made by information & technology. The way IT has innovated and help the business world grow in this era is remarkable!!!
The way the intermediation of IT & Business has happened off late it can be said that one cannot survive without the other and constitute to build up an inseparable relationship, and so mentioning one without other is often construed as a pointless utterance. The innovation of all the new software’s has made operations of a company smooth and faster than ever. The overall processes that can be tracked with the help of IT are remarkable
The emergence of concepts as IoT has attracted the business world and they utilised this concept so beautifully by giving this a practical approach and a new direction to run a business. The design concept introduced to the world by APPLE and later followed by AIR bnb and Ebay are all examples of the beautiful amalgamation of IT and arts /Innovation. All this wasn’t possible without Information technology.
Over a period of time IT has upgraded its importance and became indispensable for Business houses especially in there operational areas .As the small and medium sized enterprises being adaptive to any cultural, regional or political change as per its dynamic nature has taken IT and innovation very intrinsically into themselves.
Innovation is driven by IT which becomes the path to business success; Innovation has given business the same impact that Food does to a hungry stomach.
Digital revolution fed all the businesses with immense benefits ,even Farmers started using computers for getting into the modern methods of agriculture, Production records, Financial planning ,procurement, whether conditions etc. are some of the major areas where farmers seeks the help of computers.
The innovation driven by information technology has been the spin-off of the following major areas. Some of the significant development which has been achieved as a result of evolution and growth in information technology is as follows:
Information Technology & Business
Almost past a decade now, the major innovations and upscalement that has been witnessed in the business world is only possible because of information & Technology, the introduction of cloud computing, Big data analytics, click & mortar marketplaces, digital marketing, social communications & networks are a few examples to name some leading innovations that has helped the business world grow at a rapid speed.
With the birth of cloud computing, enhancement in privacy and security settings for the data sets to be effective and time saving, the role of IT in business cannot be undermined as virtually all working business houses these days heavily rely on computerized systems.
With the advancements in lowering down the cost of communications in business has laid the employees concentration more on process building and executions as well as process automations taken took place in offices taking away the burden from the employees to thus enabling them shift their focus on other vital work and execute them efficiently. Meanwhile, the computerized systems handle variant processes like tracking projects, preparing reports and supervising financials among taking care of other official chores without requiring the intervention of staff. As a result, improved productivity is the result a company experiences. Electronic storage systems help in clamping down outside threats as unwanted intrusions through cyber space or hacking. Investing in technology and choosing the path of innovation increases the market share, share price, effectiveness, competitiveness of the company. Information technology has given the world the window to scrutinise the data and plan ahead accordingly. In Today’s era digital marketing is a phenomenal tool that has helped the business to upscale their products and services by repeated promotions in relatively lower costs in the global market while sitting at your desk itself.
The Concoction of the these domains is helping this world to build up an all new Business age, the epoch of digital revolution wherein common people will even feel a trendsetting change. Rapid changes in terms of rendering substantial values to industries by helping them improve the efficiency and mitigating major financial overhead costs will be witnessed. Some of the leading and prospering IT advancements in the past few years can be Internet, Social media and digital marketing. Nevertheless, Information technology has not only made it easier than ever for people to start businesses and earn their daily bread but even has encouraged the youngsters to come up as budding entrepreneurs and support the country economically. Now no longer need Millions and billions of rupees to start up a company, all one needs is a good IT infrastructure to its domain which can help in the rapid and speedy incremental growth the venture. So, surely the business world and the people running it owe a great deal of their success to Information Technology.