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  • Essay / Essay on Information Technology in Business - 1537

    Information Technology for Business Success: The New Way of CommunicatingThere is no doubt that today is the age of technology where the use of technological inventions dominates all different aspects of life: computer, cell phones, internet, radio and satellites. In other words, technological inventions have improved. Information storage, sending and receiving messages, electronic governments, distance education, health services and business. With the intervention of information technology, the means of communication in business, which is a very important field in modern societies, including banking, stock market, marketing and commerce, have been intensely changed. This essay will demonstrate that information technology has positively changed communication in the business world. The implications of information technology have improved the way businesses communicate in areas such as marketing, stock trading, purchasing and banking. Modern technological communication tools enhanced by information technology have an impact on the very structure and communication of the banking sector. In other words, customers can carry out their banking transactions whenever and wherever they want. Bank customers, by simply logging into their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes (2000, p. 591), "electronic checks offer consumers the benefits of convenience and security while allowing billers to maintain their existing depository relationships with their banks." Additionally, e-mails enabled bank employees to inform their customers of any new and improved banking operations...... middle of paper ...... including web pages, home phones, mobile phones and others, which facilitated the means of communication between marketing agencies and clients around the world. Indeed, information technologies have contributed to the communication revolution that has occurred in many areas such as business and will continue to facilitate the means of managing commercial transactions.6Reference listJanal, D 1998, Online marketing handbook, John Wiley & Sons, New York.Keyes, J (ed.) 2000, Financial Services Information Systems, CRC Press LLC, Florida.Li, F 2007, What is Electronic Commerce? : how the Internet is transforming organizations, Blackwell Publishing, Oxford. Zeleny, M (ed.) 2000, The IEBM Handbook of Information Technology in Business, Thomson Learning, London. Shannon, T & Heinemann, M 2004, Business communication & technologies, Johnny Wiley & sons, Queensland.