• 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.

    Customers might ask: * A technical query about a product or service * A general query about Tesco * About the range of products and services supplied * About the location of another store * About general facilities available Customer service staff should have information on products and services and know the range on offer.

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

    This kind of analysis is consistent with how Marx interpreted the characteristics and evolution of capitalism, where he showed how political power and the accumulation of wealth were historically intertwined, and how capitalism represented a structure of social classes functionally and culturally linked to the system of production.

  2. Effects of Information Technology on Business

    When concerning banking, customers are now able to use ATM'S, telephone banking and personal transactions. This enables the customer to cut out the middlemen and do what you want with the money at a quicker rate. However E-commerce just takes it that little step further.

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

    Sainsbury had made great strides last year by retraining their staff to serve their customers better. Their mystery shopper is now embedded in the company, this and their customers satisfaction index demonstrates the progress they are making. Their mystery shopper measure is now embedded in the company; this and their customer satisfaction index demonstrate the progress they are making.

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

    in the immediate post-war period Japanese products generally had a reputation as being cheap but inferior quality versions of products manufactured by US and European producers. However by the early 1980s Japanese companies had become closely associated with high-quality products for which they were able to charge premium prices.

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

    by staff Likelihood: Low Impact: Low Impact Description: If this risk was eventuated the workload will have to be shared between other members of the project team, this may also incur that other members of staff will have to work over time to ensure that deadlines are meet.

  2. For my report I will be looking at two businesses, a small business and ...

    Such as another hairdressers called Hair Cuts. They share the same services as Snipper's, but have one difference, which is that Charlie's Hair and Beauty is more of a Black African shop, they do other hair products such as hair extensions, and weaves.

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