development technology is all about storing, manipulating, distributing and processing information. everywhere the past few years, IT has replaced the conventional modes of cablees with innovative technological tools. In addition to the add-ond output and efficiency, IT has introduced new concepts such as e-commerce.
Productivity
Technological applications, such as relational database technology, computer-aided designing, word processing, spreadsheets and different software rogramming, increase productivity of businesses.
Monitoring
IT is used for monitoring areas of the party that are not utilizing resources efficiently. For instance, dingle made use of real-time inventory and supply monitoring to produce only that estimate of computer systems that were demanded by Dell customers, reducing the cost of overproduction.
trade Performance Management
According to bestpricecomputers.co.uk, BPM is defined as a management culture, which helps businesses to optimize their performance by analyzing processes using applications manage OLAP (Online Analytical Processing), and EIS
(Executive Information Systems).
Significance
Business corporations maximize their commercial usefulness by making the right use of IT tools. For instance, Michael Dell, founder of Dell Inc.
, introduced the online selling concept for personal computers. Today, customers around the globe tack together Dell products from the comfort of their homes via the Internet.
E-commerce
E-commerce is buying and selling services and goods over the Internet. Online operations reduce the time and personnel required for business processes. It also reduces costs in areas like labor, document preparation, telephoning.
Advertising
Information technology has introduced several new methods of advertising, particularly through the Internet. Businesses increase their income through these methods of advertising.
The
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