Impacts of information technology on society in the new century 1 introduction commerce on business models, commerce, market structure, workplace, labour market, educa- the impact of information technology on the rms’ cost structure can be best illustrated. Effects of technology on business - the effects of technology on business are relatively new, involving outsourcing and microchips see examples of the effects of technology on business.
According to howstuffworks, information technology gives companies the ability to organize large databases, personal schedules and various other forms of important information information technology has impacted the way most businesses conduct business and has contributed to the increase of e-commerce and outsourcing.
But the most important impact of information technology on business lies on how it has changed the marketplace from geographically-based to global it permits businesses to take their operations into a worldwide scale thanks to applications that allows them to set up a store online. Advances in computer and cellular telephone technology allow business owners unprecedented access to in-depth scheduling and customer relationship management software, enabling busy entrepreneurs to hold face to face meetings online, from anywhere in the world.
Information technology is the technology used to store, manipulate, distribute or create information the type of information or data is not important to this definition the technology is any mechanism capable of processing this data [1. Information technology has dramatically transformed the lives of individuals it provides businesses the scope to analyze data and plan business strategies accordingly utilizing information technology means that the data analysis is accurate, thus optimizing profits information technology has had a major impact on various aspects of businesses.