Importance of Information Technology in Business

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AFRICA NAZARENE UNIVERSITY. BUSINESS STUDIES. Roles played by Information Technology in Business. 12M03EDBA002 Irene Robinson. Information Technology, it is a term that refers to the use of business applications of computer technology. It basically consist of all forms of technology used to create, store, exchange and utilize information in various forms. Information Technology includes acquiring, processing, storing and distributing information. It could also be said to include on mainly about storing, manipulating, distributing and processing information. Information Technology has replaced the convention methods (modes) of business with innovative technological tools. It has brought to the business world technological tools such as; E-commerce, computers and so much more. Information Technology is seen as one of the most effective factors in the improvement of the business world. It benefits the Economic world by allowing organizations to work more efficiently and increase their production. It is a fact that many organizations tend to become very dependent to the technological applications brought by information technology. The benefits played by Information Technology are huge and it is seen as a very important factor in Economic world and even in the Social world. It simplifies and creates a better view of any information brought to it with the particular organization. Many, organizations use Information Technology to make sure that there improvement increases including their incomes. Therefore, Information Technology play many roles in the Business world of various Organizations. However, there are many roles that are portrayed by Information Technology some of this roles are discussed below; • They act in the participation of Increasing productivity; Many technologies used in the Business organizations helps in

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