What is information technology (IT)?
Information Technology is encompasses all the hardware and software used to create, store, transmit, manipulate, and display information and data. In other words it is anything and everything that has to do with data processing, computing, transmission and communications. The most visible parts of information technology for which your IT department is responsible are.
- computers, laptops
- company computer network, wifi and local area network, internet connection
- software of any kind, from enterprise software up to antimalware software on you laptop
- printers
- cloud services
The importance of technology in business cannot be understated. Nowadays no organization, company or business can exist without information technology. We cannot even consider doing business without the Internet, video conferencing, project management apps and more.
- Information technology is necessary for the business and running nearly all business processes
- Information technology is the foundation upon which businesses operate, improving efficiency, reducing costs or increasing competitive advantage
- Information technology drives innovation
Benefits of leveraging information technology
Companies worldwide are relying on information technologies to help improve their competitive advantage and drive strategy and growth. Information technology helps businesses streamline administrative operations, reduce operation costs, innovate, enter new markets, improve customer service and create a competitive advantage for themselves in the market.
Improving efficiency and business processes
- Information technologies help increase the efficiency of systems, products and services
- IT helps track and streamline processes, maintain data flow and manage any data and records
- Increased efficiency in operation helps reduce costs as well as enable the business grow and innovation
- By automating various business processes, such as accounting, HR, and marketing, businesses can save time and money.
- Business intelligence tools can be used to analyze data and make better decisions about how to run the business.
Improving people's communication & collaboration
- Technology enables a faster, wider and more efficient means of communication.
- Various communication tools, such as email, instant messaging, and video conferencing, businesses can communicate more effectively with their employees, customers, and partners
- Collaboration app help you simplify communication within your team.
- You can use this to track projects, details on tasks, deadlines, etc., regardless of whether they work from under the same roof, or remotely
Reduce costs of business processes
- IT helps businesses save on costs
Driver if competitive advantage
- Information technology is the driver of innovation and many companies have built their competitive advantage on it
- With the help of various apps , businesses can keep track of their customers’ information and preferences.
- This means better customer experience by offering customized products and services. Additionally, automated customer service tools, such as chatbots, can be used to provide quick and efficient customer service.
Increase sales and revenue
- With the help of e-commerce platforms and digital marketing tools, businesses can reach a larger audience and sell more products or services. Additionally, data analytics can be used to identify trends and target potential customers.
Challenges of IT
Cybersecurity
- rise in cyber-crime and data breaches means challenge for all IT sector security is imperative for all businesses.
- It is necessary for companies to adopt measures to keep their data secure
Raising complexity and IT maintenance costs
- As IT became complex the maintenance effort and therefore costs rise as well