Business Technology What is business technology Business technology

Business Technology What is business technology Business technology is the use of all types of technology in business eg. Computers and telecommunications to send and store information to optimize business processes

Business Technology ICT Information Communication Technology is the general term used to refer to a wide range of technologies for gathering, storing, retrieving, processing, analysing and transmitting information ICT is the main tool for business technology.

Business Technology Examples of Business Technology Computers Smart phones Manage Information systems (MIS) Automatic Teller Machines (ATM) Electronic Point of Sale machines E-Commerce E-Banking Electronic Money Transfer E-Marketing (Advertising, Promotion, Market Research, Sales) electronically

Business Technology E-Commerce – refers to the process of accessing, retailing and paying for goods via the internet through the global market. E-Business – refers to the online presence of a business and is not limited to buying and selling but can include pre-sale and after sale service. E-Tailing- normal retailing service via electronic means. E-Marketing – advertising, promotions, market research, sales online through electronic means.

Business Technology Advantage of business technology. Communication is faster and wider. You can communicate with anyone, in different languages anywhere in the world almost immediately. Through phone, text, e-mail, voice message, video call. Marketing – Business can access a wider market and benefit from the economies of scale. Transportation – can access anywhere in the world faster carrying anything. Commerce – allows for trade anywhere in the world online via the internet. MIS – allows for more accurate decisions faster. Machines/computers allows for increase procudtion, productivity and efficiency.

Business Technology Disadvantage/Limitations of Business Technology Security – Once online hackers can access your computer and steal data and financial information. Privacy – once online you can download cookies which harvest your personal information including every site you visit. THERE IS NO PRIVACY ONLINE. Copyright infringement – People can steal your pictures, work, information, knowledge and share it without your permission. Technology is usually expensive Employees need to be trained to use the technology. Technicians need to be hired to repair, upgrade and maintain the technology.

Business Technology Types of Technology Microsoft Word, Excel, Access, Powerpoint MIS software – Computer Aided Design(CAD) Computer Aided Manufacturing(CAM) Graphic software The Internet Mobile phone apps ATM E-banking, E-Commerce, E-Marketing Electronic Money Transfer Electronic Point of Sale.