The Important Role of IT in the Business Industry Today - PowerPoint PPT Presentation

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The Important Role of IT in the Business Industry Today

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Title: The Important Role of IT in the Business Industry Today


1
The Important Role of IT in the Business
Industry Today
2
Information Technology (IT)
  • In today's business world, information technology
    (IT) plays an important role. Most companies rely
    on it for the following purposes fast
    communication, data processing, and acquiring
    market intelligence. IT is an aid to various
    businesses. It helps them achieve cost-efficient
    production of products or services.
  • It help drives the increase in revenue while
    maintaining a competitive edge in the
    marketplace. If you own a business, you need to
    decide whether IT is for you or not and the way
    to make this decision is to look at some related
    factors that make it important.

3
  • Heres the important role that IT plays in the
    business industry today

4
Development of Products
  • With a certain type of technology, the duration
    it takes for products to get into the market can
    be easily done on time. For this simple reason,
    the majority of the firms can come up with their
    product requirements by getting the best market
    intelligence from sales representatives,
    proprietary databases, and customers.
  • It is also through this system that companies are
    also able to get computer and manufacturing
    software which makes it easy to speed up decision
    making. Every business can enjoy the use of IT
    and its advantages as well as the assurance that
    they get from platforms for adhering to the
    changes indicated in customer requirements.

5
Growth in Cost Efficiency
  • The cost of investment in this kind of plan can
    be viewed as pricey, but the resulting benefits
    are rewarding since each company can enjoy it in
    the long term. When information technology is
    used together with other strategies, companies
    can reduce their transaction cost and
    implantation furthermore, they end up getting
    solutions that are production oriented.
  • And once used effectively, it also ensures that
    the quality of products and the customer service
    are not compromised and this helps by increasing
    the benefits enjoyed by the company.

6
Improvement on Business Processes
  • Another key benefit between business and IT is
    the process improvement. Most companies can
    acquire the use of enterprise resource planning
    systems (ERP) which make it easy for managers to
    review sales, cost, and any other types of
    operating metrics on a software platform that is
    in real time and is fully integrated.

7
Check these Out!
  • To conclude, it is for the above reasons and more
    that information technology or IT will continue
    to gain more attention from the business people.
    It provides companies with a competitive edge and
    the chance to save on operation costs which in
    turn will lead to more profits for the company.
  • Brought to you by VellaiT, one of the top IT
    services company in Australia.
  • Check out https//www.vellait.com.au for more
    details on australian Information technology
    services.
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