Businesses, economic environment
Information Technology is anything that is related to computing technology that incorporates hardware, software, internet and networking. Many companies have IT departments that are tasked with managing computers, networks and other technical areas of the organization that is related to Information Technology operations. Businesses are operating in the information age, and IT has not only become part of businesses, but also part of everyone's daily life.
Companies have embraced the modern economic environment changes that are dominated by globalization and Information Technology revolution that has increased competition in the business sector. Businesses are largely adopting IT applications such as computer processing and data preparation applications to support their business operations. The success achieved from the use of information technology is determined by how the adopted applications are relevant to the operations of the firm and the professionalism level of the IT personnel.
[...] Optimizing the infrastructure gives the company an opportunity to invest in the development through shifting its resources from sustaining activities to strategic activities. The correct personnel with the required skills should be identified, and appropriate roles allocated to them as far as IT is concerned. Challenges should be reviewed on a continuous basis, as well as, new opportunities and developments in the IT sector that can be used to address these challenges. The companies that invest in IT have an added opportunity to improve the company's expenditure. [...]
[...] (1984). Guildford, Surrey: Butterworths Scientific Ltd. Taiwan jing ji yan jiu suo. (2000). Information technology. Taipei, Taiwan: Taiwan Institute of Economic Research. [...]
[...] Empowering all these parties leads to the elimination of unnecessary bottlenecks to the success of IT procedures. The fate of the company is defined by its ability to execute its overall strategy and achieve its goals within a specified time. The IT department should strategize its IT objectives and align them with the overall business objectives. By so doing, the company is in a position to fight competition in the market that it is operating in, as well as, executing its long-term goals that can lead to long-term growth. [...]
[...] The price, quality, service and promptness of delivery of goods and services determine if a company is in able to position itself in a better market place compared to its competitors. These issues need to be addressed through Business Process Reengineering (BPR) that involves the analysis and redesigning of workflows in an organization. IT plays a significant role in the reengineering concept. It contributes a big deal in designing new forms of work that fosters collaboration within a business entity and across borders with other businesses. [...]
[...] However, their application should adhere to the laid down laws and regulations that are applicable to the operation of IT systems. Strategic relationships between the IT department and other departments in the organization should be maintained as part of business ethics. These functions should be well known to the Chief Information Officer, who is tasked with their coordination and implementation. In order to get success out of the information technology of the company, the IT personnel should possess senior-executive level skills. [...]
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