What Will The Information Technology Industry Be Like In The Next 50 Years?

INTRODUCTION: What is information technology ?

Information Technology is a key to business success, today many of us using information technology for his or her business and from that their business successful. Information technology is that the applications of computers and telecommunications equipment to store, retrieve, transmit and manipulate data, often within the context of a business or other enterprise. Many people or customers use information technology because they’re not having many times gone to shop, buy the goods and from information technology customer also will get many information about your product and company. From information technology can turn fans into customers and customers into advertisers for your brand. For people want started the business their can use information technology for promote their company and product.

According to Present Soft he says so it’s only natural that something as ubiquitous as I.T. plays a major part in business. Information Technology also affects the accuracy of business operations. When a corporation uses a computerized accounting rather than counting on a true live accountant, they eliminate (or, at the very least, significantly reduce) human error. And because such systems leave faster operations, the company’s workers can consider more pressing tasks. (Present Soft. Leave a Comment, 3 August 2010)

In our country have many business success use information technology the company not focus in traditional ways but their update to change in technology. Started using information technology their company gets many customers and from that there can make conferences or take information. Other than that, from the web company not just give information to all people or their customer the web also can do promotion, sales, update new product and so on. The company also will be close with their customer now day many people like using internet so it’s good for business easy, reduce time and so on.

All most of the people think that social media can generate exposure for their businesses and reduce the marketing expenses. On the opposite hand, they think social media can help in building new partnerships and rise in research rankings. Moreover, they thought social media are able to do selling to other businesses quite to their customers. Furthermore, all of them thought social media can reduce cost both on selling to businesses or customers. For example if company have Facebook, tweeter, then thereon may be a point to company close with customer because majority people have own social network so from that company will get many customer and the business will be get more profit and success.

OBJECTIVE:

To increase connection between customer by using it information technology

This good way to company want creates a good relation to customer. Customer care is at the guts of all successful companies. It can help company develop a loyal customer base and improve relationships with customers. From that company and customer interdependent with each other because company will try to satisfied customer needs and want. Using the information technology company creates the website and from that customer can send message to company if they’re not satisfied with the product maybe company will try to innovate the product.

Other than that, company uses information technology to send email to their entire customer. Anything information about company or product customer will read use email and indirectly company cares about their customer wishes from that also company will attract customer to loyalty with their company. Most all company want get many profit and also want get loyalty customer. If customer loyalty with their company product automatically the company will get many profit. Some of a good way to get many profit and customer company needs close with their customer. Using information technology the company will achieve their goals and objective company.

Uses the information technology to manage the operating system wisely

The information technology all system in business will be smooth such as company know about their profile customer, profits and so on from that also company can control product launching to market so company will control the product because want reduce overstocking in market. For success in business each company should uses information technology because will get many advantage to company and customer. Today many people busy for their life, work, family and so on from information technology easy to them uses the social network all operating system will be smooth and not get any problem because their will uses the social network to all place and any time.

CONTENTS:

In our country many company use information technology for his or her company to urge many profit, customer, establish in market then on. But features a certain company use traditional in their business maybe this company new in market. Information technology not only for exist company but this information technology enables new business processes.

Companies use IT to enable new business processes. Wal-Mart provides two classic examples. Wal-Mart, for instance , re-engineered inventory management by giving suppliers access to its inventory system. Suppliers monitor the database and automatically send another shipment when stocks are low, thus eliminating the necessity for purchase orders which speeds delivery time, and lowers Wal-Mart’s inventory carrying costs and stock out costs. Wal-Mart continues to use IT to re-invent its processes to repeatedly keep costs low and thus beat their competitors. Ford automated its accounts payable function by electronically matching receipts with purchase orders, thus eliminating the necessity for invoices.

For example, Walmart Company before this company not uses information technology only using the normal processing. When Walmart use information technology for his or her company gets many advantages like company are going to be known about their customer profile, what percentage product already sale, what percentage customer make repeat purchase then on all data already save in system. aside from that, customer also will get much information about Walmart customer will read anything about this company in their web. After use the knowledge technology Walmart get many purchasers and this business success in market many of us known about this company product and Walmart also open many stores.

According to Thomas Wailgum, with quite 125 stores and $340.3 million in sales, Wal-Mart leases an IBM 370/135 computing system to take care of internal control for all merchandise within the warehouse and distribution canter’s and to organize income statements for every store.  

This company prove the knowledge technology are going to be give more advantage to company for instance Walmart will open more stores and when uses the knowledge technology this company can control their other stores, worker then on. This information technology will attract other company joint the business uses the knowledge technology. Walmart can also maintain their sale or customer loyalty because their customer will get information from web and today Walmart also has facebook from that this company are going to be close with their customer and any question customer will ask them. aside from that, Walmart can also email their customer for give any information about company or product in market from Walmart.

The use of data technology has been an important a part of Wal-Mart's growth. A decade ago Wal-Mart trailed K-Mart, which could negotiate lower wholesale prices thanks to its size. a part of Wal-Mart's strategy for catching up was a point-of-sale system, a computerized system that identifies each item sold, finds its price during a computerized database, creates an accurate sales receipt for the customer, and stores this item-by-item sales information to be used in analyzing sales and reordering inventory. apart from handling information efficiently, effective use of this information helps Wal-Mart avoid overstocking by learning what merchandise is selling slowly. Wal-Mart's inventory and distribution system may be a world leader. Over one 5 year period, Wal-Mart invested over $600 million in information systems.

From the knowledge technology Walmart company create new system which will identify for every items sold. A side from that, this company also will realize their customer what percentage customer buy product for day to day. This information technology also helps company avoid overstocking company are going to be control their product. according to the adoption of any information technology, development and acceptance of bar codes required agreements on standards. the thought of Universal Product Code scanning required that industry develop a universal product code system. So from that company not get loss and company are going to be success in market because company skills to regulate their product and customer also satisfied when using the merchandise.

Discussion:

The important part of information technology which relates to computer applications that enable a company to generate, store, program, and retrieve data as and when needed. There ismuch software developed for different purposes. All operations in the business sector are carried out by software that is assigned for executing specific tasks. Without these computer applications the businesses wouldn't have been able to carry out their functions in a proper and efficient manner.For example, Walmart use information technology for control their product, the corporate want confirm their product not over stocking and all customer will get what their want so from that company will success because customer get information from Walmart web.

Today’s customers are increasingly using online, mobile and social channels and they expect companies to listen and respond to them on these channels. Business leaders recognize that good service experience is critical to their company’s success and social channels must be a part of a company’s overall customer service strategy. There are business solutions which will help put you back on top of things. A business shouldn’t need to worry about technology as a hindrance when it should be focused on strategic growth. The technologies your business employs today might well be complex, but the information technology can be simply and easily managed by a professional services provider.

According to By Osmond Vitez, eHow Contributor he said, Information Technology (IT) is the business industry responsible for creating consumer and business electronics, software and Internet-based website applications. Business strategies help these companies maintain a cutting edge in the industry. Strategies can be universal to each company or standard industry practices.

Some of company success in business uses information technology is makes companies lower their business costs. With use information technology will get low price consumer electronics are a common goal for companies in this field. Business owners and managers use strategies to find the lowest cost resources, cheapest production processes and the supply chain to deliver consumer goods to retail outlets. Information technology not uses much money because company just create their web for customer knows about their company and product also company can make relation to other company for shareholder and so on.

CONCLUSION:

As a conclusion for information technology is a key to business success, today majority people like uses technology such as tab, phone, laptop and so on for get any information. So it’s a good point to company want attract many people to know about company and the product. For each company should create own web because easy to people get any information about your company and product if company have new product so people just search and read in company web.

Now day, have many social networks it is an information technology such as facebook, twitter and so on this networks give company close with their customer because this social network it most popular to all people. And majority people have own social network. Walmart it is a success business uses information technology compare before this company using the information technology. All in all, by implementing these three important strategies successfully, Walmart has become from one store to the most important retailer within the US and to the most important company in the world. The cost management strategy of Wal-Mart wills create an operational model with rock bottom cost which can increase the margin of profit on the financial statements. Walmart can success in business because this company use information technology easy to customer want get any information and customer can also buy any goods from the online Walmart the payment will use system transfer credits.

Information technology provides companies with the ability to process large amounts of information and do so in a way which presents the information in a clear and concise. Anticipated benefits of implementing an information technology system include improvements in productivity, better profit performance, and a better degree of accuracy among information within the firm. The ability to share information among employees is additionally enhanced.