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18 views16 pages

Use of It in Business Management (Autosaved)

Uploaded by

scifigalaxy1514
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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USE OF IT IN BUSINESS

MANAGEMENT
By: Ramesh J (21BBT041.)
IMPLEMENTING CLOUD BASED FACILITATING CYBER
STREAMLINING OPERATIONS
SYSTEMS SECURITY

ENABLING COMMUNICATION ENHANCING CUSTOMER


CONDUCTING DATA ANALYSIS
EFFICIENCY EXPERIENCE

REDUCING OPERATIONAL COST

SEVEN STEPS TO SET UP AN EFFICIENT IT SYSTEM IN BUSINESS MANAGEMENT


STREAMLINING OPERATIONS

1. Information technology is now used in the daily operations


of any business. IT has enabled ease of doing business by
managing overheads, regulating recruitment, dealing with
market uncertainty, managing inventory, monitoring
employee performance, dealing with employee grievances
and so much more.
2. Today, IT has also automated various manual and time-
consuming tasks to speed up regular operations. For
example, there are multiple software available today to
record the daily attendance of employees, process leaves,
and compute monthly salaries of employees with minimal
human interference.
IMPLEMENTING CLOUD-BASED SYSTEMS

1.Cloud technology is another useful tool that helps businesses


store their data on third-party servers through the Internet. It
is a revolutionary tech that has helped small and large
businesses massively cut down costs and opt for subscription
packages to suit their business needs.
2.Businesses do not have to worry about hiring a substantial IT
team to maintain and manage large servers within their
workspace. They can pay third-party companies to store
relevant data. Things like servers crashing, downtime, and
data being lost are now a thing of the past with cloud
technologies coming into the picture.
FACILITATING CYBER SECURITY
As more and more businesses store data online, the risk of
cyber attacks arises. Even third party companies that offer
cloud solutions to businesses need to safeguard the data of
their clients from cyber attacks. Businesses in the banking
and finance sector need to be more concerned about cyber
security.
CONDUCTING DATA ANALYSIS

1.Companies depend on IT professionals to gather, assimilate,


segregate and study relevant data to understand current market
trends and customer behaviour. They then use the data to make
various organisational-level decisions to develop their
business.
2.Data analysis is another important tool used by businesses to
develop business strategy, analyse market forecasts, stay ahead
of the competition, understand customer behaviour and
develop product development strategies accordingly. It can
also help businesses stay ahead of the competition in a cut-
throat market.
ENABLING COMMUNICATION EFFICIENCY

1. Easy and efficient communication is one of the main advantages of


information technology. Communication does not only refer to
communication done on an organisational level, it also means
communication done with clients and customers.
2. IT software like emails, Whatsapp, personalised chatbots, feedback
forms etc. can be categorised as a form of communication. Living in
the information technology era means that businesses can receive
instantaneous communication. This communication includes sales
figures, consumer feedback, customer enquiries, market trends and
so much more.
ENHANCING CUSTOMER EXPERIENCE

1. Most businesses today use IT to enhance their customer’s


experience and maintain a great relationship with customers.
Businesses use tools like CRM (Customer Relationship
Management) to keep a track of customer behaviour, any issues
faced by the customer, and ensure quick resolution of issues.
2. Suppose a customer has an issue with a product purchased or a
service used, they can call up the company which will be captured
by the CRM. A customer relationship executive will then review the
customer’s shopping history through the CRM program and
efficiently solve the issue without a glitch or a delay.
REDUCING OPERATIONAL COST

1. Overall, implementing the above mentioned IT softwares and


programs can help businesses reduce their operational costs by a
large margin. They do not need to recruit more staff members to do
tasks that can be done by softwares and programs. Instead, they can
instead recruit top notch professionals from the industry to drive
their business ahead.
2. This helps businesses invest more money on other avenues such as
marketing, enhanced cyber security, employee rejuvenation
programs and better financial investments for a sound financial
portfolio. Better returns and finances means the company is more
stable and reliable for customers and employees.
BIOTECHNOL
OGY

BIO-
INFORMATI
CS

INFORMATIO
N
TECHNOLOGY
USES OF INFORMATION TECHNOLOGY IN
BIOTECHNOLOGICAL BUSINESS FIRMS
GENE ANNOTATION
ANALYSIS OF MUTATION
IN CANCER
ANALYSIS OF PROTEIN
EXPRESSION
THANKING
YOU

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