Technology in Organizations

Importance of Technology in Organizations

Executive Summaryii

Introduction1

Discussion2

Role of Technology (information Technology and Computer Technology in Organizations)3

Effective Communication3

Management of Inventory and Records of Organizations4

Data Management4

Management Information Systems5

Consumer Relationship Management5

Human Capital6

Efficiency6

Mobility6

Development of Tools and Techniques7

Role of Information Technology in Organizations7

Implementation of Innovative and Advanced Technologies in Various Organizations - Case Studies10

East Coast High Tech- Case Study11

Conclusion12

References14

Executive Summary

Technology, especially computer and information technology, plays a significant role in the development and progress of any business or organization. The technology allows the organizations to communicate, coordinate and share their ideas as well the information to their employees, shareholders and consumers. The implementation of technology within the working environment of any organizations helps the organization to improve and enhance the efficiency of their business operations. According to recent researches and case studies, the technology is as important for organizations as the human resource and finance is important. Therefore, it is necessary for the organizations and business to emphasize on the implementation of technology within their working environment, in order to ensure the integrity and confidentiality of their business. Importance of Technology in Organizations

Introduction

The advancement and development in the field of technology has brought several changes in every field of life. Technology has brought ease and convenience for the people and allow them to accomplish their daily routine tasks in a more efficient and effective ways. Technology plays a significant role in the businesses and organizations. Over several years, the organizations and businesses are reliant on the technology, in order to ensure their smooth business operations (Namani, 2009, pp. 4-5). According to recent researches and surveys, almost all the industries and businesses are using the technological tools and techniques for the completion of their complex operations. This may help them in ensuring the effectiveness and reliability of their business (Bocij & Chaffey, 2003, pp. 525-527).

The significance of technology in the success and growth of an organization or business, regardless of its nature and size, is undeniable. Almost all organizations are emphasizing on the implementation of efficient technologies within their working environment. Organizations and businesses are focusing on the implementation of computer technology, internet technology, security system and the phone systems, in order to ensure the integrity and confidentiality of their business procedures (Draheim & Atkinson, 2010, pp. 49-53). Recent surveys show that, whether it's an ordinary sells store that utilizes the common software of cash registration, in order to take the record of supply and track sales, or a multi-million dollar organization along with complex networks that connects millions and hundreds of people in uncountable locations around the globe, technology is there to assist and help the company (Draheim & Atkinson, 2010, pp. 49-53).

It is often observed that, technology not only assists the businesses or organizations in retaining the competitive edge, but it also allows the organizations to maintain and build their strong presence in the current era of information and technology.Therefore, the technology is the foremost aspect and requirement for any business and ...