Importance of IT in Business Survival

Question:

Discuss about the Institution Affiliation for Information Technology.

Information Technology has effectively changed the phase of business worldwide. It has made companies and other small business organizations to thrive and maximize profit and efficiency. Supply chains needs to be monitored to ensure that the business does not incur unexpected loss. Companies and other organizations need embrace the new technological processes of offering services to the customers (Anderson, 1999). They also need to know how handle the customers since in every business, customer and the client are the focus. Several companies wholly included IT in their practices, which has been very fruitful. This paper gives detailed information of business organization by the name Classic Accessories and the importance of the IT in the businesses.

Need of IT in Classic Accessories

In this 21^st generation, every business needs to have an IT system in its daily schemes.  The following are the reasons as to why IT might be a necessity in any business.

Security is one of the rising issues that prove the inevitability of IT in a business. With the increased intellects in the IT fields, there is the need to secure every data that the company or the organization owns. Hackers have their role in the society where they find any loophole in any business organization where the data can leak through. Whenever they find access to the data, they will jeopardize the company. A business idea might leak and it ends up being utilized by another organization. Any business organization needs to have adequate IT experts to curb such incidences of cybercrime.

IT systems in business reduce manual labor force therefore maximizing the profit. Automated machines are very efficient and they might serve even better compared to human labor. A good example is the bank. The ATMs are proficient compared to the cashiers. They are not limited to time like the cashiers therefore, if any business needs to be good at its job, they need to lay plans of using IT knowledge in the whole organization (Frith, 2008)

Importance of IT in Business Survival

Classic accessories require to process data and information in time. Market intelligence and communications are also important for the company. All these can be done in time and excellently with the help of proper IT approaches. Following are the reasons why IT is weighty in the business.

Assimilation of Investors

IT plays this very vital role in the business fields. Stakeholders are kept in touch with any function happening in the business. There is high interconnectivity that is achieved with Websites and other clouds that a company might employ to convey their information. Analysts get significant information from the Internet that helps the business organization with other organizations.

Merchandise Enhancement

The spun of time that is required for the finished goods to reach to the final stage, that is the market can be reduced with the use of IT. Collection of market information is quite relevant since is one of the crucial processes that the production process depend on(Englander, 2000). This is done online and very fast, which makes this process simpler. Machines employed in the production process also make the whole process of product development smooth. 

Assimilation of Investors

Reduction of Production Cost

Although initial installation process might be expensive, the advantages outweigh the disadvantages. When IT is used effectively in a business, integral process like the customer services are improve. Customers might even order the products online and delivery is done.  There is reduction of the transaction cost, which is felt when the company does not employ IT.

Globalization

With internet, it has been very easy to access any product from any part of the world. Businesses can use the websites that are marketing related to gather market information and to sell out their brands there.

Managers can use established platforms with IT to compare different prices of diverse goods.  There is software that can be used to evaluate sales and other operation metrics that are carried out in that business organization. It is does not require a lot of compilation and perusing through many books but therefore it is cheaper. It does not require a lot of time. Events of the day can be analyzed within few minutes with the use of this IT based software.

IT Requirements in business

A business organization must be ready to incur cost to mount the see IT software used in various market processes. Machines needs to be bought, installation and designing the websites will require some cash. IT experts are also required since nonprofessional cannot operate these machines.

Planning is also required. All these processes require calculated tactics. The positions of these machines and the location are schemed. They should be in the right place where they are required i.e. offices.

Business organizations should link up with the best service provider like the cloud designers. Cloud is vital since the clients contact the organizations through the established cloud. It is through the cloud that SLA(Service Level Agreement) that the company will interact with the customers.

Training the employees how to handle and use the software that are IT based is an inclusive process of the whole plan. The employees need to be taught how to keep the information confidential and avoid cases where there is data leakage to irrelevant persons. Skilled personnel are required with satisfactory IT knowledge to ensure the company or the organization flourishes.

How Classic Accessories Business Uses IT

Classic accessories have embraced the IT in its endeavors. There is a healthy interaction of the customers in diverse platforms, the social media and the websites that it has put up.  Different products that are new in the market are advertised through the media (Aitken, 2000). Customers have the authority of ordering these products online and they pay on delivery. There are similar business entities that have embraced the same idea. They are stated as follows.

It is used in several businesses all over the world. Health centers have incorporated IT system in their duties. Scanning is currently done using a modernized technology (Computed Tomography) it is fast. Doctors use it to scan cancerous cells. Bone fractures are also evaluated using the same method.

Gaming is the other field that has used the IT knowledge to carry out inventions.  Animated pictures with the knowledge of IT have been used in the most popular gaming apps. The likes of cartoon network and other advertising engines use the information technology in the games and coming up with new game applications (Hein, 2013)

Merchandise Enhancement

Concurrently, the libraries have hired the Information Knowledge to make the access to the libraries material easy. The likes of periodicals, journals and referential materials are registered with particular application online. Any time a reader wants to use any book, he or she will key in the particulars of the book in a monitor computer and they will find the book easily.

The airlines are not left behind in the application of the IT knowledge.  The airplanes are monitored using the information system. The black box is in an airplane is the gadget that helps to trace the plane and observe its movement. This IT knowledge is also used in the entrance of these airports. Illegal armory is detected with these scans (Huber, 2001)

The best example to give where Information Technology have been fully comprised. Airing the intended information to the public is done through the application of this IT. Digital waves are transmitted from the source to the consumer (Strimpel, 1997). The social media also uses the same knowledge. Facebook is the functional example. IT has the cloud that many people all over the world access information from.

Impacts of IT on business.

It might have a negative of a positive impact on a business. The following are the positive(advantages) and negative (disadvantages/failures) impacts of the IT on the business.

Advantages of IT in Business

Information Technology has been used in various companies. High revenue has been the direct outcome of the whole process. When the cost of production is observed, the profit will also be maximized on the other hand (Hemmington, 1997). Manual labor force reduced will equally lead to increase in the profit in the end.

Globalization has been enhanced through the use of IT. The world at large has been made to a global village where you can access information about any part of the world with ease. Observing market forces can be done easily since the most companies post their products online (Steward, 2008)

Information Technology goes hand in hand with cost reduction. Unwanted expenses are reduced i.e. employing people to market the products will be more expensive compared to the marketing done online.

The last but not the least advantage of Information Technology is that it is used to safeguard the company’s vital information. This information is secured using the passwords that are well set to avoid leakages of the data.

The main threat posed by IT to businesses is cyber-bullying. This has been an alarming menace to numerous businesses all over the world. Not all employs are cautious therefore, confidentiality of the information is compromised (Scott, 1984). If any information is disclosed to the wrong parties of the business, these parties can use the information to reduce the business to zero. They can also use the loophole to prejudice about the company (Stone, 1999). If the society gets the wrong information about a business, then the stakeholders will reduce their support to the organization involved in business.

Monitoring and Maintaining IT in Business

Business event in a company can be monitored with Remote Connectivity, where there is a PC that used to observe all the proceedings in the organizations. It is also important to employ qualified people to work with the organization (Rich, 2013)

Conclusion

In conclusion, IT has revolutionized business. There is a difference between an organization that does not use Information Technology in its dealings and the one that has fully encompassed IT. It is important for a company to use the new strategies that IT has introduces in the business fields.

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