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Benefits of I.T

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Submitted By QueenFabre
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Information systems (IS) and information technologies (IT) are a vital component of successful businesses and organisations (O’Brien, 2004). The definition of both IS and IT are closely related to each other; however, they are different in their functions. IT relates to the products, methods, inventions, and standards that are used for the purpose of producing information.

as a resource for corporate strategic planning
-provides information on economic trends for the corp. plan
-provides information on industry trends for the corp. plan
-provides base information for the corp. plan
-provides base information for the corp. objectives
-provides base information for the corp. strategy
-provides the information for the corp. budgeting.
-provides base information for the marketing plan
-provides base information for the sales plan
-provides base information for the distribution plan
-provides base information for the supply chain plan
-provides base information for the promotion plan
-provides the information for monitoring plans
-provides the information for monitoring projects.
-provides the information for senior management strategic decision making
-provides the information for middle management operation decision making provides the information for first line management supervisory decision making attribution

Rapid access to correct and current financial information for management and planning
Increased transparency in the organization transactions
Reduction of opportunities for misinformation
Reduced space needed for records storage.
A more user-friendly and less congested operating system
Decrease in time needed for information searches
Better circulation of management information system
Reduced borrowing and space demand as users rely on remote access
More efficient utilisation of available space and reduced demand for

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