A Review on Role of Information Technology in Business Management

Information technology plays a vital role in day-to-day activities right from small business to large business. Whether you need computers for storage, transfer, retrieval or transmission of information, you can manage your business with greater accuracy and efficiency with the assistance of information technology and computer applications. As an example considers the internet, it provides us with all latest happenings around the globe. Railways and Airways are connected with Information Technology. If we want to travel we can book tickets online, reserve rooms, etc. Since IT has become an essential part irrespective of the field i.e., education, or entertainment, or business.

Buying and selling has become quite easy now. Online shopping through credit cards and debit cards has made purchasing effortless. Moreover you can do shopping anytime as there is no time constraint; they are open round the clock. Banking is another area which has been automated like managing accounts, transferring of cash, depositing, withdrawing, etc. Implementing IT in an effective manner would decrease the cost; cost which is expected at the time of failure. Also increases the flexibility.