Information technology (IT), is defined as “the use of technologies from computing, electronics, and telecommunications to process and distribute information in digital and other forms” (ref: Encarta Dictionary.) Information Technology, particularly in telecommunications-based company applications, helps a corporation triumph over time, geographic, and cost constraints to build and sustain a succe
ssful business. These three tactical capabilities of telecommunications networks emphasizes how several e-business applications can help an organization capture and provide information quickly to end users at remote locations as a relatively cost effective solution, as well as supporting its strategic company objectives. Using telecommunications technology can bring together not only employees, customers, consultants, subcontractors, and suppliers, but hopefully new potential customers! Some details of the specific areas how communication technology brings value to a company and supports greater profitability:
Time Constraints-Eliminated: Provide requested information on a real-time basis to remote users (these can be internal company staff or existing, potential customers.) If you are using a Point-of-Sale operation, credit card approval without hesitation, thus getting closer to a paperless operation. International travel does not have to be in your plans, as this technology can replace these gatherings. You no longer have to spend unproductive hours in airports or suffer jetlag upon arrival/return. Prohibitive Expenses- Removed: Minimize the cost to the corporation for long distance calls, international calling plans, or pay per use video conferencing sites. You may also find the need NOT to purchase that Video Conferencing Equipment and large conference table! Using more COTS communication techniques, utilizing the Internet, can be a very cost effective solution for many companies, vs. Geographic Constraints-Nonexistent: Present information about business transactions from remote locations. Use the Internet to receive customer orders from your sales staff around the world to a central company database. Merge this information into your order processing and/or inventory control application without human intervention. This approach provides enhanced customer service by eliminating additional delay in processing customer orders and reduces the time between shipment and invoicing, for improved cash flow. Using this technology can remove the need for costly business trips, or collaborative meetings with clients.
