The Evolution and Impact of Information Technology in Businesses

1244 Words Feb 22nd, 2013 5 Pages
The Evolution and Impact of Information Technology in Businesses
Introduction to Business
January 15, 2013

The Evolution and Impact of Information Technology in Businesses
The rise of the technological advancement in society has had a major impact in today’s business world. Technological development has restructured the way businesses operate effecting the business structure, advertisement, marketing, and communication. With the advancement of information technology, coupled globalization the business environment has been thrust into global market forever changing the boundaries resulting in unlimited business opportunities across the globe. Although technology coupled globalization has a major impact on business world, there
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With the explosion of information technology, businesses are how utilizing several methods to advance input and output of production. Information technology in business has created cost efficient and effective systems offering multiple benefits. The work place is no longer limited to phone calls or at the mercy of the U.S. Postal Service anymore. Electronic mail (email) allows workers to send messages, attached documents and instantly electronically sending data all over the globe saving time and money. For example, it used to take a week to transport a piece of mail through the U.S. Postal Service and now you can email data or documents across the world instantaneously. Electronic mail also can also be passed through multiple receivers if there is more than two parties are involved. In addition the internet has eliminated space and time. Video or teleconferencing technology lets businesses on any part of the globe network with one another. Information technology also has reduced travel costs because businesses can set up virtual meetings and share thoughts, ideas and business information without the need to be in the same room. This allows the businesses to establish and maintain a global presence at a fraction of the cost (Scott,).
There is no question that information technology has propelled businesses into the high

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