The Role of Information Technology in the Business Sector

Prof. Krume Nikoloski PhD

Abstract: The business sector produces products and services for profit. Information technology describes any technology used to create, process and disseminate information that is critical to business performance. Information technology is important to the business sector as a management tool to optimize the processing of information to produce goods and services for profit. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand. Technological infrastructure affects the culture, efficiency and relationships of a business. It also affects the security of confidential information and trade advantages. The information revolution is sweeping through economy. No company can escape its effects. Dramatic reductions in the cost of obtaining, processing, and transmitting information are changing the way we do business.

Keywords: business sector, information technology, competitive advantage, business relationships

How to Cite?: Prof. Krume Nikoloski PhD, "The Role of Information Technology in the Business Sector", Volume 3 Issue 12, December 2014, International Journal of Science and Research (IJSR), Pages: 303-309, https://www.ijsr.net/getabstract.php?paperid=SUB14320, DOI: https://dx.doi.org/10.21275/SUB14320