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    John Spencer L. Guangco Midterm Activity 2

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    Tine Vasiana Duerme
    ICT has had major positive impacts on businesses globally and in the Philippines. It allows remote work and collaboration, increasing efficiency. Cloud computing enables data sharing and flexible work. ICT also improves delivery, tracking, and communication of orders. While some businesses closed due to the pandemic, those that adopted ICT were able to operate remotely and maintain profits. ICT improves productivity, reduces costs, and gives businesses access to market data and statistics to optimize operations. It allows global operations without physical contact through video conferences. ICT prevents economic crises by facilitating the continued flow of information.

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    John Spencer L. Guangco Midterm Activity 2

    Uploaded by

    Tine Vasiana Duerme
    194 views4 pages
    ICT has had major positive impacts on businesses globally and in the Philippines. It allows remote work and collaboration, increasing efficiency. Cloud computing enables data sharing and flexible work. ICT also improves delivery, tracking, and communication of orders. While some businesses closed due to the pandemic, those that adopted ICT were able to operate remotely and maintain profits. ICT improves productivity, reduces costs, and gives businesses access to market data and statistics to optimize operations. It allows global operations without physical contact through video conferences. ICT prevents economic crises by facilitating the continued flow of information.

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    2.-Impact-of-ICT-Activity

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    ICT has had major positive impacts on businesses globally and in the Philippines. It allows remote work and collaboration, increasing efficiency. Cloud computing enables data sharing and flexible work. ICT also improves delivery, tracking, and communication of orders. While some businesses closed due to the pandemic, those that adopted ICT were able to operate remotely and maintain profits. ICT improves productivity, reduces costs, and gives businesses access to market data and statistics to optimize operations. It allows global operations without physical contact through video conferences. ICT prevents economic crises by facilitating the continued flow of information.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    194 views4 pages

    John Spencer L. Guangco Midterm Activity 2

    Uploaded by

    Tine Vasiana Duerme
    ICT has had major positive impacts on businesses globally and in the Philippines. It allows remote work and collaboration, increasing efficiency. Cloud computing enables data sharing and flexible work. ICT also improves delivery, tracking, and communication of orders. While some businesses closed due to the pandemic, those that adopted ICT were able to operate remotely and maintain profits. ICT improves productivity, reduces costs, and gives businesses access to market data and statistics to optimize operations. It allows global operations without physical contact through video conferences. ICT prevents economic crises by facilitating the continued flow of information.

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    JOHN SPENCER L.

    GUANGCO MIDTERM ACTIVITY 2


    BSA – III

    1. Define the following terms:


     INFORMATION
    This word can be simply defined as knowledge which has been communicated to
    and are received by another concerning a particular issue or circumstance. This can
    be perceived as a solution to the uncertain. Particularly, data gathered through
    investigation, study, and research for a specific purpose or undertaking are
    interpreted, compiled, and combined to create information. The information can
    affect our lives as individuals because they can be reasons to why we do things or
    can be factors to create decisions in our day to day activities.

     COMMUNICATION
    Living beings communicate with one another. Basically, communication is the
    process of passing messages or information to another through a common system
    typically symbols, signs, behavior (non-verbal), or modern technology. This is the
    medium used by us humans to pass around information when we interact with one
    another. It can also be a tool to transmit the information to a large number of
    people or groups. It requires at least one sender, a message such as information,
    and or a group of receivers. Through communication, individuals can gain
    information which they may or may have not known yet.

     TECHNOLOGY
    Humans tend to rely on technology to complete their day to day task. Simply put,
    technology is a breakthrough which humans created through the application and
    usage of scientific knowledge. These technologies can be used in a number of ways.
    Industries use technologies such as machineries to produce large amounts of
    products they sell. Humans also use technology to fulfill their daily needs. With
    technology, information can be communicated to individuals without the need of
    physical contact between persons who are conversing.
    2. Give one picture for each term that is related to the business industry.
     INFORMATION

     COMMUNICATION

     TECHNOLOGY
    3. What are the impacts of ICT in the Philippine Business Industry?

    The COVID-19 pandemic has affected lots of Filipino people. Plenty have lost their jobs
    due to the mere fact that the disease can spread through contact. Small-medium enterprises
    (SMEs) closed down due to the pandemic, drastically changing the economy of the Philippines.
    Even big companies lost plenty due to the changes dealt with the pandemic. With this
    occurrence, the gross domestic product (GDP) dropped by 16%.
    With all the negative occurrences, one thing is for sure, the Information and
    Communication Technologies will aid in the recovery of the Philippines. In order to reduce and
    reverse the adverse effects of the pandemic, business can surely rely on the powers of ICT. It
    can aid by allowing businesses to play in an avenue where remote working can be possible and
    collaboration can still continue. According to Mr. Allyxon Cua, President of Accent Micro
    Technologies Inc., the upsurge and demand for laptops and IT peripherals occurred due to the
    fact that in can be utilized by businesses as an alternative method in conducting operation.
    Through cloud computing, these businesses can now operate with the ability of sharing data
    through an online database which can be accessed by those who are allowed to, meaning, work
    can be efficiently done and is more flexible. Through ICT, changes in the business landscape
    were made possible. Those companies that restructured quickly and applied the technologies
    are now operating, generating profits which could have not been down decades ago.
    Because technology is now very prevalent even in the Philippines which is a third world
    country, the business industry can efficiently operate. Even small business owners can create
    and manufacture large amounts of products which they are going to sell. Even more so, the ICT
    enables people with far distances which allows business transactions to occur without the need
    of physical contact. With ICT, the delivery, tracking, and databasing of the items which are
    shipped or ordered can be done more efficiently and can be easily communicated to the person
    who has done these orders. Through ICT, information can be easily transferred from one person
    to another. And in the Philippines, ICT is commonly utilized such as through the medium of
    social media, and the likes.
    With ICT’s role to enable unified communications and integration of
    telecommunications, businesses in the Philippines can perform and fare better that it could
    have ever had. Effeciency is achieved because the delivery of information can be done in better
    ways. Thus, ICT, in the long run, is very helpful to the business industry in the Philippines.
    4. What are the impacts of ICT in the Global Business Industry?
    ICT has major impacts on the performance of businesses across the globe. The World
    Bank on 2006 observed that ICTs are being adopted and used by plenty of businesses and these
    businesses are very productive in utilizing input factors, thus increasing labor productivity. With
    technology as a method to do more things and processes more efficiently, these companies
    tend to have reduced wastage and create more profit.
    A study conducted by the Italian researchers, Luccheti and Sterlacchini on 2004,
    revealed that ICT is being adopted regardless of the size and the number of employees in the
    business industry. Meaning, that the size of the company does not matter and that ICT is truly
    beneficial to all. Small and medium enterprises (SMEs) have shown that ICT creates positive
    outcomes related to operational efficiencies, increased revenues, and even increased market
    competitiveness.
    Examples of mediums used includes electronic mails which allow the quick and timely
    transfer of information from one business partner to another, thus creating possibilities of
    efficient operation.
    YouTube videos, Twitch live streaming, and other video platforms that utilize ICT are
    now transformed into businesses for those who utilize them. YouTubers and Twitch live
    streamers earn revenue through advertisements which are communicated from the advertising
    company, to the viewers of the said videos. The advertising companies, too, would earn
    through the purchases of the viewers from those they sponsored. This way, the entertainment
    industry is transformed into somewhat a business industry through ICT.
    With different businesses able to access relevant data of their environment through ICT
    such as the internet, or online repositories, they can view statistics of the products and items
    which consumers of the area prefers to buy. Through this, they can optimize their business so
    that those who reside nearby them would surely purchase from them. Through statistics which
    can be seen online, businesses can perform more efficiently.
    Another important impact is how ICT allows businesses worldwide to operate without
    the need of physical contact. Through online video conferences, mediums used to
    communicate information, businesses can now transfer data and information to their
    employees for them to work on. Thus, helping prevent another disaster such as the great
    depression of the 1930s. The likelihood of the wall street scandal involving subprime mortgages
    in housing back in the early 2000s can be prevented because of how advanced ICTs have
    become. Because of these breakthroughs, information about your stocks can be communicated
    to you very easily using various devices you own including your phone. You would be better
    informed and your economic decisions would be way better.

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