| The role of IT in business organizations has been | | | | 1. Globalization- IT has helped several small |
| crucial in automating processes by managing and using | | | | organizations acquire business from different parts of |
| information with the help of computer based tools and | | | | the world. A business is not restricted to particular area |
| techniques. It also entails accumulating, preserving and | | | | or a city, hence, increasing the revenue of the business |
| distribution of organizational information. Most | | | | with an increase in the number of clients. |
| companies store and process data on computers that | | | | 1. Payment- IT is perhaps one of the biggest |
| can be accessed and modified more conveniently as | | | | achievements of the mankind so far. Within a matter |
| and when required. | | | | of a few minutes one can sell and buy products or |
| Many business organizations either purchase software | | | | services without having to travel physically to collect |
| packages or hire IT professionals or companies that | | | | payment. This convenience eventually helps in widening |
| specialize in offering IT related services. The | | | | the client base of the business that would again add to |
| continuous developments and the throat slashing | | | | the revenue. |
| competition have made incorporation of IT imperative | | | | 1. Convenience- By creating a website of its own, a |
| in every business set-up. Information technology | | | | business lets its clients/customers order, shop or inquire |
| reduces the risk of failures and increases flexibility by | | | | about products and services conveniently. |
| decreasing the cost of adjustment. | | | | 1. Cost Effective- One need not incur heavy |
| IT has impacted on businesses and industries since its | | | | expenditure in running a business with the help of IT |
| inception. Information Technology has helped several | | | | such as rent, transportation costs, and more. |
| businesses in growing the following areas: | | | | |