IT impact on business

In his speech Vivek Kundra said: “Today, as we enter the information economy, if you look at any modern economy, it’s enabled…by the digital infrastructure that we so rely on today – whether that’s transportation, whether that’s health, whether that’s looking at what’s going on in terms of the flow of ideas.”

I would completely agree with this statement. It is amazing how informational technology became important in all aspects of our lives. In business we use information technology in some way or the other in order to keep in sync with the market and the world. All major departments of the company (hr, accounting, sales, administration, security) utilize IT to carry out their respective operations in a productive and efficient manner. Prospective employees can fill out applications online, most of the accounting transactions (invoices, po’s, bills, etc) are processed via internet, we have databases to keep track of the inventory, and we can reach thousands of our clients in the matter of seconds. Informational technology makes contemporary companies lean and more effective. Its role in business sector certainly is of a great importance, which enables businesses to successfully plan, manage, and execute strategies which lead to profit.