Applications of IT in Management and Business
Applications of IT are very important to the modern business world. The purpose of it is to enhance business processes and increase productivity. IT departments usually consist of computer programming, database management, information systems, networking, software, hardware, security, networking, and testing. An organization’s IT department provides technological support that can help business users reduce cost, improve service, and save time and money.
Applications of IT are very vast and cross all the different application areas such as enterprise, desktop, laptops/netbooks, consumer, education, finance, health care, manufacturing, government, multimedia, and telecommunications. IT is very helpful to everyone because of its ability to provide fast, easy access to important information systems. The major IT activities include application development, desktop and laptop user interface technology, network infrastructure management, and software development. IT also includes hardware and other softwares that help implement the various systems and applications.
Applications of IT can be seen in the many ways it has affected the business world. One of the most popular applications is in the arena of e-commerce. This is where companies use information technology to create websites and to facilitate interaction between their customers and business partners. Businesses then use the website to manage their inventory, communicate with their suppliers, handle customer orders, process payments, collect user information, and so much more. To ensure the success of this venture, companies need to have applications of IT like information systems, application development, and application marketing.
Applications of IT can also be found in the different realms of management
One example is in the area of organizational technology. In this realm, IT managers use IT to analyze and optimize the functions of the entire organization. They look into the ways how employees and other departments are using technology to their advantage and how IT is being implemented. They then implement changes to improve the system and make it more efficient.
Another application of IT is in the arena of database management. In this instance, an IT manager transforms the basic ideas of information technology into a database format. These databases are usually made up of several key elements like text files, relational databases, and other proprietary formats. Popular managerial applications of IT include social networks, internet, and social media.
Another important managerial application of IT is in the area of cloud computing. This concept is about servers that are based on the virtualization technologies. Virtual servers allow users to access the information systems without installing any hardware or software. The advantage of this technology is that users can save a lot of money since they do not need to purchase and maintain servers for accessing their own data systems. Examples of applications of cloud computing include platform as a service (PaaS), software as a service (SaaS), digital market place (DPM), and digital supply chain management (DSM).
Another application of IT technology is in the area of supply chain management
In supply chain, an IT manager supervises activities of manufacturers, distributors, and shippers in the supply chain. In this process, an IT specialist can analyze the whole chain and suggest ways on how to improve and streamline the operational processes of the business. Some of the areas where IT can be applied in supply chain management are fulfillment optimization, order management, logistics management, and inventory control. There are also companies who need an IT expert in this field since they require an analyst to monitor their manufacturing processes. Typical application areas of this technology in this case are supply chain optimization, operation and maintenance, technical support, and forecasting.
Applications of IT in the managerial accounting field depend on how the company operates. An MBA professional having four years of MBA is expected to have knowledge in accounting, finance, and marketing. Having these IT skills, a person will be able to specialize in Supply chain management, Logistics Management, or any other specialization offered by the school. There are also books available in these topics that provide students with the knowledge they need for this field of study.