Information Technology as Factor in Development of Contemporary Business

Mr.Sc Luan Jusufi

doi:10.21113/iir.v3i1.104

Abstract

The purpose of this paper is to examine the information technology as factor in development of contemporary business. In this paper we intend to investigate the role and effect of information technology in the creation and maintenance of sustainable competitive advantages for organizations.Also we will offer basic notions related to information technology and explain the main factors that affect the application of Information Technology.As we know in current market conditions, nearly all business operations are closely related to and depend on the application of Information Technology. Information Technology enables cost reduction, market expansion, increase productivity, enables better communication, improves service and offers great opportunities to find e new business partners.Also we will become familiar with the application of computer networks such as: Internet, Intranet, and Extranet.Using the scientific and professional literature offered from several aspects to this research paper is aimed to proof the role and importance of use an Information Technology in development of contemporary business.

Highlights

The purpose of this paper is to examine the information technology as factor in development of contemporary business
We will offer basic notions related to information technology and explain the main factors that affect the application of Information Technology
As we know in current market conditions, most business operations are closely related to and depend on the application of Information Technology

Summary

The role of information technology in development of contemporarily business

The development of information technology is the core of the development of contemporary society. From influence of communication and information technology, the global economy is experiencing radical change such technical, technological and organizational These changes are primarily the result of the expansion of the Internet, which made it possible for production, consumption and circulation beyond borders between countries and increase the level of dependence between states. A more complete definition is: E-commerce is the use of electronic communications and digital information processing technology in business transactions to create, transform, and redefine relationships for value creation between or among organizations, and between organizations and individuals.. Electronic business is short term that includes a wide range of technology, infrastructure, processes and products It merges and close applications industries, manufacturers and users, exchange of information and economic activities in a global marketplace called the Internet.. 38 Principles of Information Systems, (2009) The Internet, Intranet and Extranet, Available from: http://azportal.uum.edu.my/tm5013/chapters_summary/ch07.pdf [Accessed: 20 June, 2010]

39 Networks

41 Ibid page 245 42 Ibid page 245

43 Ibid page 248 44 Networks

Conclusion

47 Ibid page 251 48 Networks

Literature