BUSINESS AND TECHNOLOGY

Business and Technology Works Together

Abstract

The study is concerned about how the business and technology works together. The technology has gained importance in the businesses because it provides significant differences among the businesses. This relation between business and technology also helps the businesses in meeting its goals and objectives.

Business and Technology Works Together

Introduction

Technology is an integral part of the business; most organizations have an e-mail and computer access to the Internet and websites. However, many non profit leaders are often overlooked and underutilized technologies within their organizations. Non Profit organization view technology a strategic and integral portion of the administrative component. In addition, the technology is growing so rapidly in the past 10 years, many non-profit leaders struggle to make a decision to meet the minimum technology required to implement their programs and tasks (Bernard, 1998).

The paper discusses the need of the research; the questions that are yet to be answered are open for debate. The discussion will introduce the technology and the business and give its solution as well. Modern companies in today's world uses information technology as the backbone through which information is being dispersed throughout the company, to its customers, its workers, business partners and all the other individuals regarding the activities of the business. Technology has diversified the business in many forms like internal system that unites the marketing, finance, human resource and many other business units that has increased the production output of the overall business and also tracks order (Borgmann, 2006).

Discussion and Analysis

Customer Relationship Management (CRM) system uses data mining technology, sales and marketing staff to understand the historical sales data, and to provide a more personalized experience. Strong IT-based analysis and trading tools to allow financial analysts predict stock market trends and a direct link to participate in electronic transactions (Sheffrin, 2003).

However business, may fail to recognize the predictable benefits of their IS/IT money if they do not connect in appropriate information structure development According to Lee and Marshall, an unsuitable IIOS arrangement frequently leads to imperfect structure projects, resultant in mismatched, redundant, and nonflexible information systems. IIOS planning is a long-term process that organizations use to construct there IS infrastructure (Donald and Judy 1999).

Internet-based inter-organizational systems (IIOS) planning has been described as a management and interactive learning process is integrated into the business planning process to consider the application of the IS system to adjust the business goals, develop a detailed IS plan to determine the information needs of an enterprises to acquire organizational objectives. The funds involved in the planning process of IIOS, technical skill, human services and the need to take any opportunities that may raise the advantages of hardware and software features for long-term planning horizons. Organizations may not achieve the expected benefits of their IS / IT investments, if they do not carry out the appropriate information systems planning (Stephen, 1986).

This is a very long time and labor savings process. In addition, by understanding the position and these projects, the system ...