Impact of Information Technology on Business Development

Abstract

In this study we try to explore the concept of “Information Technology” in a holistic context. The main focus of the research is on “the concepts and constructs developed on the basis of information technology” and its relation with “business growth and expansion”. The research also analyzes many aspects of “information technology” and tries to gauge its effect on “the business operations and transactions”. Finally the research describes various factors which are responsible for “the changes occurring in the area of information technology” and tries to describe the overall effect of “the facets and processes involved, which shall contribute towards the successful development and long-term sustainability of any business”.

Table of Contents

Abstract2

Impact of Information Technology on Business Development4

Introduction4

Significance of information technology5

Steps and Strategies towards effective business development and information dissemination6

How companies incorporate “information technology” and create “ business value: Vinaline Logistics8

Conclusion11

References12

Impact of Information Technology on Business Development

Introduction

For understanding and comprehending the kind of technology that is employed at different levels in the organization, it must be understood and comprehended that people must pave way for adopting the best and most effective strategies of adopting technological advancements and at the same time create a sustainable, competitive edge in comparison to all others existing in the market.

Possessing time-saving and cost-effective strategies in the area of technology could act as a key success factor in any organization. In these modern times where time is money, implementing transparent, comprehensive and rudderless information systems and technologies is amongst the most important facet any organization should have in order for success to pave way in the company. Not only it is important, but has become a necessity these days, since people tend to create such portals and avenues that give you maximum response in minimum time.

In addition to the facets above, new technological developments have become the need of the hour; everyday, new and novel concepts in the area of technology trickle down to each and every company and organization struggling to create their long-term, long-lasting impression in the minds of the customer.

Cloud Computing

Cloud Computing implies the phenomenon that provides data access, reliability, credibility and ease towards the purpose and objective of smoothly running and keeping track of the transactions that take place in the organization. Cloud computing provides computation, software, data access, and storage resources without requiring cloud users to know the location and other details of the computing infrastructure.

To list and narrate a number of characteristics, cloud computing displays and narrates flexibility, time management, performance, smooth process flow and information dissemination and storage.

Significance and Importance

Keeping in consideration of today's modern world of rapid development and expansion, it has been highlighted and understood that no matter how hard a person pertains to avoid the life around them, they must be able to adapt themselves to the world of digital marketing around them. This is because this is one field that would stay for all times to come (Welti, 2009).

Every organization has its own individual traits and ...