Information Technology

Information Technology

Introduction

The IT or information technology is referred to the technologies that are used for the processing, storage and transportation of information and data from one place to another in a digital medium. As new and innovative IT technologies have emerged in the market we see that businesses are now considering IT as a critical asset for their success in the market. The knowledge that a business implements for their success is heavily influenced by the role that IT plays for them. IT has now emerged to be a platform that is being used by every business to gain a competitive advantage over others. With the unlimited resources of information it is important for business to find the most efficient manner to incorporate ideas that can benefit the business. IT has given businesses the ability to differentiate them for the competitors by provide tools and techniques to gain height in the competitive list.

The success and failure of any business or organization is greatly based on IT as it has become an essential part for them. If a business is able to evaluate and provide information through IT creates great opportunities for them to be more proficient in their tasks. IT is being embraced by business around the globe to have a better estimation of the creative innovations and be better at decision making abilities. IT has been an influential part of businesses to reshape their structure, process and operations.

Discussion

Competitive advantage

Over the last 10 years, the businesses have changed their way to operate by greatly investing in IT. This is because in the last decade IT has also gain great innovation which has provided business to be more efficient and effective in order to gain a more competitive edge. Gaining a competitive edge is greatly dependant on the ability of the business to implement new and prominent methods. IT can alter the method a business competes in the market and is also an asset that the business can use to surpass any competition and to gain a competitive advantage. It can also be said the influence of IT has increase the strategic values. It is the impact that can be noted much higher than what IT has provided in gaining competitive advantage. However, this is certainly not because of IT itself. This is because a business can only gain a competitive edge unless and until it provides the consumers with products and services that other competitors cannot. But the role of IT can greatly increase this competitive edge if a business has what it takes to be competitive. A major role that is play in the success of a business is information. Innovations in the IT industry have proposed new way of competitions among organizations. In order to have a competitive advantage, the business greatly relies on innovation. Observing and evaluating changes can add value to business and differentiates them from other competitors and still gaining a competitive edge.

The implementation of IT has created new opportunities, alliance and rivals for ...