Business Development And Its Relationship To Ict Information Technology Essay

communication channel Development And Its Relationship To Ict data technology EssayFrom time to time, randomness and dialogue engineering has made a spacious shock absorber in contributing to the production line phylogenesis and improvement that enables a business to become more efficient, beneficial and too it in addition set aside secure jobs. Besides, Information and conversation Technology has assist in effective communication and also co-operation between a compein truth and its clients. Un wish the old days, when Information and dialogue Technology has not been widely introduced and used into the society, business mess are unable to speed up their work and also less efficient.In the globalizing technology society forthwith, Information and Communication Technology is used in food food marketing, by availing companies to reach new markets and to offer customers to purchase goods and services at anytime they need, and almost all the time, at a reduced cost and also enhancing the level of customer service by development website. Business people also use e-mails to contact their clients and also to market their products and services directly to their potential customers and also to stay in contact with many customers and suppliers. In fact, by using the advanced marketing strategies, it will increase the effectiveness in communication and is able to access information through their websites, so that customers are able to bring forward information and to increase their business needs. Before the society started using Information and Communication Technology, business people uses pamphlets, banners and etc. to market their products. Without Information and Communication Technology, businessmen have difficulties staying in contact with their customers and hardly reach to new(prenominal) potential customers and suppliers.On the separate hand, finance has also developed in the Information and Communication and Technology. Practically almos t all companies use software program in business society forthwith. In example, Sage and Excel are companies that bonk other companies accounts and monitor at the financial information from time to time. These companies help to respond to the customers by offering discounts and also help in improving the management of their finances. With the help of these advanced technologies, many companies are relief for their accounts are managed by a keep company that alters at almost 24 hours. In the 80s, when Information and Communication Technology has not even exist, accountants have to spend wee hours checking the accounts in their spaces or even at home in order not to make any mistakes in the finances. Even so, without these advanced technologies in the 80s, accountants had to record and file the companies account in files and papers and often, accountants had difficulties in finding the old records when needed. However, Information and Communication Technology has helped many accou ntants in saving companies data in the database which is easier to locate when the files are needed.In the business society, companies often need their staffs to be away from their desk and office to at lean meetings and meeting clients at almost everywhere. From this aspects, many employers demand for an adjustable working systems which is accessible to the computer. Now that the society is so dependable in Information and Communication Technology, business people sess work out of their office with laptops, PDA and smart phone. During the time when Information and Communication Technology has not exist, staffs and business people bath only access into customers and suppliers needs and information from files in the office only and this could not help to satisfy a customer needs in any changes. In an office that have two or more computers creates a network, which allows the resources like printers, internet access, files and information to be share among colleagues and staffs can also access into the information and files at home to remote working systems that supports changing business needs. Back when the Information and Communication Technologies had not exist, staffs and business people can only access to resources like files or printers one thing at a time. This will delay ones work speed.Moreover, in the developing 21st nose candy today, Information and Communication Technology is widely used in accessible media. The society today connects among themselves via advanced technology and social network like Facebook and Twitter, networks that helps in spreading messages faster and in simpler ways. Besides, it is essential that businesses are dominated by Facebook and Twitter which are used in business line that offers better etymon for customers because business people and customers tend to communicate more in two-way communication instead of one-way communication. Business people also use social media to market their products, provides information abo ut their products and deliver application to their user base towards the society today who uses and connects into social network every day. Studies show that the society today connects themselves into the social media two times more than before. Hence, business people who want to market their products connect themselves to social network like e-Collaboration, Facebook and Twitter and post them online to market their products for a wider coverage. Before Information and Communication Technology was introduce into the society, where there werent any advanced social network like Facebook and Twitter, business people cannot market their products into a wider coverage of the society and resulting low marketing sales and lesser the profit for the company. Back then, business wasnt as developed as how it is for now.Also, many companies today are very dependable on the Information and Communication Technologies in managing and monitoring customers and clients. Many companies use advanced te chnologies like Customer Relationship Software(CRS) to manage their existing clients and also generate potential clients from there. Companies that use Customer Relationship Software have many data recorded in their database to keep course of instruction with customers, send messages and promotion to the potential clients. During the time when Information and Communication Technology hadnt been brought up, customers data and records are recorded in papers and files, which has never made it leisurely for business people to keep track with the potential customers. Without the technologies before, things werent any easier for business people.In addition, the impact of Information and Communication Technology in business is great and has influenced and change many things in many ways. In example, Information and Communication Technology is used in e-Business in order to reduce the transaction cost and also to widen the marketing coverage, as well as to increase the productiveness and speed of doing business. Trinidad and Tobago are the examples of how the technologies has helped in e-Business in modernizing the private sector, to aim in encouraging e-BusinessFor example, where the impact of ICT in Business like the E-business as the use of ICT in business to reduce transaction costs, to broaden market reach, and to increase the productivity and speed of doing business. E-business is a catalyst for modernizing the private sector in general, such as Trinidad and Tobago, seek to encourage e-business with a view to increase demand for domestically produced ICT products. To this end, the government of Trinidad and Tobago plans to co-develop, with private sector, an integrated e-business application for local companies to conduct online sales. Furthermore, the government has offered to help identify comparative advantages for local e-business and will collaborate in the development of skillnet, a service that provides recruitment, learning and career information.It is the close alignment between ICT and business processes that can provide competitive advantage to nerves and produce high flavor products and services at lower cost, resulting in a strategic advantage(McCabe, 2003 Nevens, 2002). In general, there are two fibres of enterprise applications that support business processes example, logistics,CRM, etc and applications that directly follow through business processes like example, electronic banking,mobile telephony, airline e-tickets and so on. For the first type of enterprise applications, it is possible to gain competitive advantage by combining ICT with odd company culture and knowledge. This unique combination enables the company to function effectively and utilize key assets such as organizational knowledge and culture. The second type type of enterprise application provides a service or product to customers and its timely deployment and unique features can result in competitive advantage.Due to the impact of ICT on the main fac tors influencing the way of doing business abroad, manifold changes are taking place within the organizational structures of the economy. The analysis below examines the consequences of these changes for three ares the internal organization of companies, the organization of markets, i.e. the relationship between companies and its customers, and the organizational forms of co-operation between different companies. This classification is useful, since the fiscal analysis will refer to these three categories. ICT also serve as a platform for the business activities of a company, for example if the supply of information and services constitute its main business activities. Moreover, companies may market ICT and the Internet itself, example, if they provide memory capacity or websites, as an Internet Services Provider (ISP). Using ICT woodpeckers, such as video-conferencing or e-mail, decisions which are relevant to the company can be taken either in different locations or at the same t ime in different places. In addition, the management of a company may often be situated elsewhere and not in the company itself. As link between different companies can be created using ICT, it is possible to cooperate internationally without needing to centralize all activities in one location. Thus, activities are no longer dependent on geographical distancesInformation and Communication Technology has expended so great in business and it was so successfully developed especially in telecommunication, and it has impacted so many people in good aspects. Maxis and Digi are examples of how Information and Communication Technology has successfully developed in telecommunication. Information and Communication Technology has contributed as a communication tool and aided in keeping everyone in contact in just a key button away even though the distance is very far away. In this case, it is known that Digi uses many communication tools in keeping track with its customers especially via Face book in Malaysia. Besides, Information and Communication Technology has helped telecommunication in keeping track with business partners and people via video conferencing in business plans, and research shows that it is two times more of people communicate via face-to-face in various forms. Moreover, business people need not travel far to attend a meeting instead they can sit in their office and attend the meeting via video conferencing.However, there are also negative impacts of Information and Communication Technology on business sectors in telecommunication. People tend to abuse the usage of Information and Communication Technology that has expended so great to assist the society in a different form while any(prenominal) people uses Information and Communication Technology in a way which it is not created for. Some people uses the advance in telecommunication in Information and Communication Technology to start a crime, such as kidnapping and also blackmailing someone else. It h as been shown in research that telecommunication usage is abused with other way especially in identity stealing.Business Development and its relationship to ICT?Business Development is the process of improvement that enables a business to become more efficient, profitable, and thereby creating or safeguarding jobs. Business development therefore does not only concern marketing and sales departments, but all parts of a business which constitute its value chain and requires effective communication and co-operation within a company.Over the last 20 years ICT has increasingly been identified as a major contributor to the process of business development and improvement and it has been identified that ICT . is responsible for around half of productivity growth in modern economies. It drives alter efficiency and better services and products across the entirety of the private and the public sectors. (Viviane Reding, Member of the European Commission responsible for Information Society).Wha t has been the impact of ICT on Business?The use of ICT and technology has affected every aspect of business, transforming not only the way that business is conducted but also creating new business sectors and jobs. The creation of companies like Google and e-Bay which did not exist 10 years ago, was only made possible by advances in technology and the changes that this has created in the way that people behave (currently Google is cherished at 44billion Source BBC 5th June 05).Some examples of the nature of this change include