Advantages:
Increases production and saves time: Business use technology to automate tasks. A good example is a bakery which uses automated temperature censors to detect any drop or increase in room temperature in a bakery. These censors will send information directly to the operator and report any temperature change. This saves the bakery time and it also results into quality products. Improves communication through communication technology: With the help of communication technology tools like phones, video conferencing , electronic mail, databases just to mention but a few. Movement of information with in an organization or business has become easy and first. Employees can easily move information across departments without having any interruptions. Tools like electronic mail , e-fax, mobile phones and text messaging enhance the movement of information among employees , customers and business partners or suppliers. Improves data storage and file management: Businesses use cloud hosting services to store and backup business data. Also it saves on paper work and makes transfer and access of data remote. With services like ‘’Dropbox.com’’, business owners can access their data any time any where. Information and data are very important tools for a business, so it is very essential to store them safely and also access them at any time of need.
RELATED:
:- The Impact of Information Technology on Small Business
:- The Role of Information Technology in Group Decision Making
:- 5 Ethical Challenges of Information Technology
Improves financial management: Accounting software like Quick Books ,Bookkeeper , Sage 50 , and Account Edge can be used in performing various accounting tasks in a business. Business owners can easily balance their books with less experience in accounting because these software’s are well equipped with every tool needed in accounting and they also have a help section which can