• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The Importance of Information Technology Within Local Business

Extracts from this document...

Introduction

THE IMPORTANCE OF INFORMATION TECHNOLOGY WITHIN LOCAL BUSINESS AIMS 1. To investigate the degree to which businesses in your local area rely on the use of information technology. 2. To identify how these businesses make use of information technology. 3. To select how these businesses in you locality and investigate how much it has invested in information technology and how this investment has enhanced its day-to-day operations INTRODUCTION Information Technology is the use of computers when storing, arranging and distribution of information or data. The impact of information technology has been felt all over the world and in all areas of life. Over the past twenty plus years it has changed the world we live in and redesigned the way we work and play. IT has defiantly made a dramatic impact in the business world. Businesses use IT for a number of different uses in the workplace. 61% of businesses researched by a website, used a computer, 61% use a fax machine, 50% use e-mail while only a small percentage use online services and the internet. Businesses use IT to store and speed up the handling of information. ...read more.

Middle

The speed of which bank transactions take place has been increase with the use of Hole In The Wall machines. This new speed has resulted in a cut down in the number of bank branches. Initial investment of IT equipment is enough to put some business owners off the idea all together but once its up and operational the maintenance and running costs are quite low. From a basic personal computer ranging from �500 and fax machines, computer networks and intranets costing thousands it is understandable why small businesses are hesitant to invest in such hardware. The running costs are low, with only the electrical bills to pay. Some Internet charges may apply, these would be set around �10 - �50 per month and a domain address would be very low, around �20 per month. Repair costs can be high as IT specialists can charge as high as �40 per hour for a callout, and an extra fee for parts and extra labour needed. IT doesn't come cheap but it may benefit a business financially in the long run because of greater efficiency and communication. ...read more.

Conclusion

I wish to find out things like what types of information technology the Bank of Ireland has, how much it has invested, how much staff uses IT, how the staff are trained and what advantages and disadvantages the Bank of Ireland has found while using the information technology. I am looking forward to completing this coursework for a number of reasons. I am interested in IT and it will be interesting finding out how IT also benefits those in the business world as those in the social. It will introduce me into the world of e-commerce and IT in business more and it will be enjoyable to do. I will take time to plan my work carefully however even at this early stage I realize that I may come across some problems. Some companies may not reply to my questionnaires correctly or at all. To overcome this I will send out a lot of questionnaires to lots of businesses to increase chances of getting a reply. It may be difficult to find information regarding IT and business. I will overcome this by using the Internet, library and textbooks to get vast amounts of information. I have to avoid leading questions in my questionnaire; I will have to include some open-ended questions to get a more accurate response. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. UNIT4: PRESENTING BUSINESS INFORMATION

    2004 Restated1 2003 2002 20014 2000 Financial results (£m) Group turnover2 18,239 18,144 18,206 18,441 17,414 Turnover - continuing operations 15,517 15,147 15,025 14,048 13,403 Operating profit Tesco Supermarkets 564 572 505 462 509 Tesco Bank 26 22 22 13 3 Discontinued operations 145 158 150 153 139 735 752 677 628 651 Interest payable (60)

  2. Business Aims and Objectives.

    Many businesses sell the same types of goods, for example Tesco and Asda, so customers have a choice where to go. If they have a positive experience when they visit the store, this will influence them not just to buy, but to return back to the store.

  1. The Information Society and Information Technology: A New Mode of Production?

    Technological Determinism and the Mode of Production in Marx Marx's discourse on historical materialism maintains that the forces and relations of production determine the properties of non-economic institutions-the state, ideology, religion, etc. The forces of production are the forms of technology within society, through which society produces the goods needed to sustain its members.

  2. There are many ways in which business can be organized

    * Have a time limit by when they need to have been achieved * Need to state the necessary resources that they require in order to be met. Setting clearly defined and realistic objectives will enable many employees to understand exactly what their job entails and achieving clearly stated objectives

  1. In this coursework I need to produce a detailed business report on one medium-sized ...

    The production department, for example, must have close contact with the purchasing department when it is considering changes to materials and components or introducing advanced machinery and equipment. Production staff also has to exchange information with employees in requirement, training, marketing and transport.

  2. The purpose of this document is to define the Context of Cain Motors Information ...

    Recommended Preventative Actions: Annual leave restrictions are in place to ensure that only one member of the project team are away formwork at any one given time. Recommended Contingent Actions: Contingency planning to ensure that there is adequate staffing budgets to pay for over time to ensure that deadlines are met.

  1. An Evaluation of Performance Related Pay and its Viability Within Public Sector Education

    An overall grade could then determine the level of pay for the employee. Often the manager will not make a decision on the employee's pay but merely a recommendation to be considered by the personnel department. Alternatively consideration could be made by a board of supervisors based on the manager's assessment.

  2. Investigate two contrasting businesses, collecting information from each.

    IT used in Store Operations: IT is used mainly for sales information. Richer Sounds have an EPOS system which means the EPOS tills are linked to the main computer system, which enables the sales and stock records to be updated.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work