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Role of information technology to communicate effectively in modern business.
Communication is a necessary in business development and it involves the flow of information among business partners, consumers, distributors and employees. The role of technology in business caused a tremendous growth in trade and commerce.technology gave a new and better approach on how to go about with business. It provided a faster, more convenient, and more efficient way of performing business transactions.
Technology is a devloped integral part in the standards of working. The reasons for the use of information technology in companies can best be determined by observing the way it is being used throughout the business world. It reduces human efforts to maximum extent it can and it is more accurate in producing maximum outputs.It also help in the generation of maximum profits in frequent periods. Email is the main means of communication between employees, suppliers as well as customers. live chat systems, online meeting tools and video conferencing systems are another number of communication tools that evolved allowing staff to communicate. Through this communication system It also help businesses understand customer behavior. Technology also helps a business in understanding its cash flow needs and that save its time and space..