What is the impact of information technology in business?


Quick Answer

According to HowStuffWorks, information technology gives companies the ability to organize large databases, personal schedules and various other forms of important information. Information technology has impacted the way most businesses conduct business and has contributed to the increase of e-commerce and outsourcing.

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Full Answer

Information technology enables the rapid transfer of information to any location in the world. With the advent of information technology, personal computers and communication devices, such as smartphones, have become the primary tools for conducting business. Information technology also gives companies the ability to outsource employees from remote locations and reduce costs associated with traditional staffing techniques. A company can outsource employees to perform tasks, such as computer programming and customer service, using various platforms on the Internet.

Information technology also provides entrepreneurs with access to all the tools needed to start and grow a business. According to the Houston Chronicle, small business accounting, marketing and communication have been revolutionized by advances in computer, network and communications technology, and companies in a range of industries continually adapt to take full advantage of technological developments. The Internet also provides a platform where small companies can compete with larger companies and use cost-effective online marketing strategies to expand their customer base. In addition, the availability of advanced video and graphics editing software means that small businesses can create professional marketing materials to advertise their products or services.

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