How Information Technology impact in business world Research Paper

How Information Technology impact in business world - Research Paper Example Current trends in Information Technology include; cloud computing and information security. Alternatively, the view of Daintith John (2009) is that â€Å"Information Technology is the use of computers and telecommunication facilities in business; to collect, manipulate, transmit, store and retrieve data. Information Technology refers to computers plus computer networks, but can also include information transmitting equipments like satellites, phone, televisions and radios. IT infrastructure involves the framework on which information networks operate.† The infrastructure include; computers, networks, database management systems and a regulatory framework. In the field of Information Technology, infrastructure refers to physical hardware which connects computers and users, for example, telephone lines, satellites, television cables and antennas. To some people, infrastructure is anything that supports the processing of data and information. Erick Miley (2014) explains that â€Å"Information Technology is an occupation or profession that identifies with computer technology." He stresses that modern businesses use computers to ensure high standards of customer service and efficiency. The benefits if information Technology to businesses many. Computers process information at very high speeds, for examples emails deliver messages instantly. Business information can be updates on market. Increased computer speed ensures efficiency in information processing. Computers are also able to multi-task accurately and quickly, for example, solving complex mathematical equations. IT ensures low business costs; this is due to the fact that as technology becomes more common it also becomes affordable. It has led to more entrepreneurship opportunities; this is because many people nowadays work at home using the internet. (Allen and Morton 37). According to Chirantan Basu, Demand