In: Economics
Now a day, no person would dispute that information technology has become the backbone of professional, academic, and personal life. Information technology enablement objective includes accuracy and efficiency of data with reduces cost in every sphere of life. Technology makes it easier to access academic information at any time for the teachers as well as the students and teachers to exchange and acquire educational material. Information technology has provided all sorts of individual economic actors the improved valuable tools for identification and pursuing of business and economic opportunities. Utilization of information technology resources permits the companies to maintain a competitive advantage over their rivals. Information technology resources can significantly decline accounting costs. Technology raised the productivity with the same levels of labor, therefore accelerating growth and development of new economics and globalisation. It has impacted our personal life with a rapid growth of the internet, social networks, and mobile connectivity. It has made the life much organized, easier, and safer with advanced technological solutions such security cameras, automated door locks, and lighting control
I am also using online information technology in my work. Most of my meeting are online now days to reduce cost and save time. These are highly effective due to advancement in technology such as video conferencing wherein I can also see the other people. With the advancement of information technology, coupled along with globalization the business environment among nations is forever changing the boundaries resulting in unlimited business opportunities across the globe