Information technology in business, that optimize the processing of information to produce goods and services for profit. It includes process improvement, cost reduction, quality assurance, Communications and competitive intelligence. Technology includes the management information systems like computers, hardware, software, networks are used to automate and support every business tasks. Economie gained through the deployment of technology reduce the overall cost for businesses to produce products and services. The process improvements, cost reductions, communications and quality assurance all of these contribute to the competitive advantage of a business.
Technology provide many benefits in business sector like, Provide better service to customers, streamline operations, reduce costs, improve efficiency, maximize profit, reach more potential customers, develop a business relationship with potential customers,etc.