Top 10 Benefits of Information Technology

Top 10 benefits of Information Technology
1. Accurate and speedy processing of information:
Whether it is government organizations, private business houses, institutions or even individuals,

Information Technology has multiplied their abilities to process all sorts of information
accurately and with lightening fast speed. The use of spread sheets, database programs, word
processors and many other tools help in ease of work without compromising on reliability. A
handful of software engineers can now design economically viable systems that can serve
millions of businesses all over the world.
2. Globalization:
Information technology has removed the physical barriers between nations and connected them
through their shared ideas and opportunities. The advent of social media has made interactions
easy and the use of Facebook, Twitter and all other social networking sites has drawn culturally
different people to communicate with one another. People on the social media are now becoming
‘global’ citizens!
3. Effective communication:
Information technology has definitely made communication cheaper, quicker and far more
superior than ever before. Sending e-mails, video calling through Skype, sending text messages
through various online apps allows people sitting miles away to connect with each other
instantaneously. Businesses are reaping maximum benefit from this and employees distributed
over a wide area can now remain connected through internal chat rooms or open source
applications.
4. Entertainment:
The widespread use of internet on laptops, smartphones, iPods, and other devices has given us
unlimited access to various entertainment platforms. Gone are the days when people had to wait
for the Friday night show or special telecast on the television! You can now download and
purchase music, movies, TV shows and games easily and more conveniently.
5. Communicating news:
Wireless communication has revolutionized the ways in which we communicate news broadcast.
And, whether it is latest updates from Ghana, or New York, it is all being effectively
communicated with the rest of the world. Today, it takes less than a few seconds for a new story
to propagate from one part of the world to the other.
6. Advancement of economies:
Since information technology has made businesses more efficient, the overall buying and selling
activities are no longer restricted by time and distances. Companies from different parts of the
world can now interconnect with each other conveniently. Today, every local as well as
international has its presence online and caters to a much larger audience beyond its borders.
7. Information technology and the health sector:
The use of information technology has helped in improved patient care all over. Patients using
the internet can now communicate with expert physicians from their home via virtual healthcare
application systems. Also, tele-medicines, electronic health records and health grids have
resulted in a greater impact on delivering efficient and quality health care to people across the
globe.
8. Information Technology and education:
The application of information technology in education has significantly changed the traditional
process of teaching and learning. Gone are the days of classrooms with blackboards. Today all
educational institutions are imparting knowledge by using various modern gadgets. Students with
access to the internet have a whole world of research material at their disposal, which helps them
grasp concepts efficiently and without wasting any time
9. Creation of new jobs:
The rising demand of IT professionals across businesses is creating new opportunities every day.
Several emerging economies all over the world are now setting new records by strengthening
their competence in this field. A greater number of people are showing interest in jobs like
computer programming, system analysis, testing, software and hardware development and web
application design.
10. Remote accessibility:
Advancements in information technology systems provide access to your company’s electronic

network from many other places other than the office itself. You can now work from home, or
even from the road. This sure increases one’s productivity and work keeps coming in even when
one is not physically present in office. Mobility is now so commonplace that most people don’t
even notice it!
ADVANTAGES AND DISADVANTAGES OF INFORMATION

TECHNOLOGY IN BUSINESS
ADVANTAGES
● Increases Production And Saves Time
Businesses today more than ever use technology to automate tasks. A good
example is a bakery which uses electronic temperature sensors to detect a
drop or increase in room or oven temperature in a bakery. These sensors
send information directly to the operator, reporting any temperature change.
This temperature system saves the bakery time, and it also results in
consistent higher quality products.
● Improves Communication
With the help of communication technology tools like phones, video

conferencing, electronic mail or instant messenger just to mention a few,
movement of information within an organization or business has become
instantaneous. Employees can easily move data across departments without
having any interruptions. Tools like electronic mail, e-fax, mobile phones and
text messaging enhance the movement of information data among
employees, customers, and business partners or suppliers, this allows for
greater interconnectivity throughout internal and external structures.
● Improves Data Storage, File Management, And Data Reporting/ Analysis
Businesses use cloud hosting services to store and backup business data.
Also, it saves on paperwork and makes transfer and access to data possible
remotely. With services like Dropbox.com, business owners can access their
data anytime anywhere. Additionally, databases today allow for greater
correlation of information, analysis of this data relationship can encourage
better and more informed decision making, resulting in potential growth.
● Improves Financial Management
Accounting software like Quick Books, Bookkeeper, Sage 50, and Account
Edge perform various accounting tasks in a business. Business owners can
easily balance their books with less experience in accounting because this
software is well equipped with every tool needed in accounting. It allows for
faster processing and calculation of financial information and the recording
or storing of financial data that may need to be referenced in the future.
● Cuts Costs Of Operation And Increases In RIO
Communication technology and social technology have made business

promotion and product launch affordable. Many small businesses have
found ways to use social technology to increase their brand awareness and
get more clients at a minimal cost. In business, factors like cost of operation
play a significant role in the development and
growth of a business. So when companies use information technology to cut

down on costs of operation, then their ROI will increase, which will result in
business growth.
● Improves Business To Consumer Relationship
Businesses have embraced the social technology to interact with their

consumers and fans, creating a strong business to consumer relationship,
and it results in business growth via customer loyalty and expansion.
Information technology can be used to improve customer service in so many
ways. For example, businesses can use their website or email to inform their
customers about great deals and discounts. Making the customer aware of
these offers can drive their desire to buy. Good customer service can be used
as an excellent tool for any small business to gain the competitive advantage.
● Improves Business Competitive Advantage
Companies have used technology to gain the competitive advantage over

their competitors. Business who innovate and adopt technology to remain
efficient and improve processes, typically have high customer loyalty rates.
As they can consistently meet and exceed expectations of their customers.
DISADVANTAGES
● Implementation Expenses
Small businesses sometimes struggle to afford and maintain expensive core
technology, so they end up losing their clients to a company which has the
capital and resources necessary to compete in the industry.
● Job Elimination
Technology has replaced many positions humans used to occupy. Software is

now doing complete accounting, so trained accountants have fewer
opportunities, robots can cut the lawn or clean the pools, no need for a
handyman.
● Security Breaches
Since businesses store their data on remote cloud servers which can be
accessed online with a username and password, they risk potentially losing
that data to hackers or viruses.

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Top 10 benefits of Information Technology

1. Accurate and speedy processing of information:

Whether it is government organizations, private business houses, institutions or even individuals,

7. Information technology and the health sector:

8. Information Technology and education:

9. Creation of new jobs:

10. Remote accessibility:

Advancements in information technology systems provide access to your company’s electronic

ADVANTAGES AND DISADVANTAGES OF INFORMATION

● Increases Production And Saves Time

With the help of communication technology tools like phones, video

● Improves Data Storage, File Management, And Data Reporting/ Analysis

● Improves Financial Management

● Cuts Costs Of Operation And Increases In RIO

Communication technology and social technology have made business

growth of a business. So when companies use information technology to cut

● Improves Business To Consumer Relationship

Businesses have embraced the social technology to interact with their

● Improves Business Competitive Advantage

Companies have used technology to gain the competitive advantage over

Technology has replaced many positions humans used to occupy. Software is

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