In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Thursday, January 19, 2017

Computer technologies for business

Advances in computer technology have led to the increase in the use of information technology in business.

Computer-mediated communications in the form of the internet offers unprecedented avenues for the exchange of information and the delivery of instructional materials globally and locally.

Information systems are used in all business domains. For example, finance uses information to forecast revenues and maximize investment, make selections on stocks and even predict bankruptcies.

Information technology is an integration of computer hardware, software, data store technology, telecommunication technology and office automation technology. It means the process for recording, processing, storing, retrieving, transmitting and again recording of information from the feedback.

Accounting uses information systems to record transactions, prepare financial statement, manage cash flow, or predict profit or loss. In addition, network technologies allow users to share information and other resources. As a result, information retrieval can be more efficient and available.

Wireless technology and tiny high-capacity computer ships enable on-the-go communication: talking on the phone, using internet and e-mail connection, viewing videos and movies, and listening to music or recorded audio broadcast.
Computer technologies for business
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