ict in business
TRANSCRIPT
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IcebreakerBrain Teasers
• Teaser 1
• Read out loud the text inside the triangle.
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IcebreakerBrain Teasers
• Teaser 1
• Read out loud the text inside the triangle.
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IcebreakerBrain Teasers
• Teaser 1
• Read out loud the text inside the triangle.
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IcebreakerBrain Teasers
• Teaser 1
• More than likely you said, “A bird in the
bush”
• Did you see that the word THE is repeated
twice?
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IcebreakerBrain Teasers
• Teaser 2
• What do you see?
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IcebreakerBrain Teasers
• Teaser 2
• What do you see?
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IcebreakerBrain Teasers
• Teaser 2
• What do you see?
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IcebreakerBrain Teasers
• Teaser 2
• In black you can read the word GOOD, in
white the word EVIL. (inside each black
letter is a white letter).
• It’s all very physiological too, because it
visualizes the concept that good can’t exist
without evil (or absence of good is evil)
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IcebreakerBrain Teasers
• Teaser 3
• Now, what do you see?
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IcebreakerBrain Teasers
• Teaser 3
• Now, what do you see?
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IcebreakerBrain Teasers
• Teaser 3
• Now, what do you see?
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IcebreakerBrain Teasers
• Teaser 3
• You may not see at first, but the white
spaces read the word OPTICAL, the blue
landscape reads the word ILLUSION.
• Look again! Can you see why this painting
is called an optical illusion?
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IcebreakerBrain Teasers
• Teaser 4
• What do you see here?
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IcebreakerBrain Teasers
• Teaser 4
• What do you see here?
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IcebreakerBrain Teasers
• Teaser 4
• What do you see here?
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IcebreakerBrain Teasers
• Teaser 4
• This one is quite tricky!
• The word TEACH reflects as LEARN.
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IcebreakerBrain Teasers
• Teaser 5
• What do you see?
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IcebreakerBrain Teasers
• Teaser 5
• What do you see?
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IcebreakerBrain Teasers
• Teaser 5
• What do you see?
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IcebreakerBrain Teasers
• Teaser 5
• You probably read the word ME in brown,
but…..
• When you look through ME you will see
YOU.
• Do you need to look again?
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Impact of ICT in Business
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Scope of the Lesson
• Impact of ICT in Business
• ICT’s Impact on Business Operation
• ICT Basics
• Role of ICT in Business
• Competitive Advantage of ICT
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Learning OutcomesBy the end of the lesson, you will be
familiar with the impact of Information Communications Technology in Business.
• Define and explain perception of the ICT basics.
• Identify and compare the dynamics of the role of ICT in business.
• Describe the features and the aim of the competitive advantage of ICT.
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ICT’s Impact on Business Operation
• Information Technology is everywhere in business.
• Anyone involved in business must understand technology.
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ICT’s Impact on Business Operation
• Accounting: provides quantitative information about the finances of the business including recording, measuring and describing financial information.
• Finance: deals with the strategic financial issues associated with increasing the value of the business, while observing applicable laws and social responsibility.
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ICT’s Impact on Business Operation
• Human Resources: includes the policies, plans and procedures for the effective management of employees.
• Sales: the function of selling a good or services and focuses on increasing customer sales, which increases company revenues.
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ICT Basics
• Information Technology: is the totality of means employed to systematically correct, process, store, present, and share information, in the support of human intellectual activities.
• Information Technology is also known as Information and Communications Technology (ICT).
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ICT Basics
• Technology plays a vital role in the business world.
• It provides the tool and functions on which almost all companies throughout the world run.
• With the advent of new technologies, the use of computers and internet has increase.
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ICT Basics
• History: before the development of modern technology, there was the trade and barter system.
• Advances led to a skeleton of what we know as business today.
• People handled every aspect of running a business, even the responsibility of making machines work manually.
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ICT Basics
• Significance: technology and business are practically inseparable today.
• Without technology and computers, the routine business would be severely slowed.
• Benefits: Business has become so entrenched with technology because of the benefits that technology provides. E.g: It decreases the time it takes to perform a task, ability to take multiple tasks at one and low acquisition costs.
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ICT Basics
• Opportunities: the use of technology in business has created opportunity for more technological advances.
• Many business functions are able to operate autonomously with the use of technology.
• This has led to the need for software development companies and business consultants domestically.
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ICT Basics
• Considerations: while there are innumerable benefits of using technology in business, there are some downsides.
• According to United Nations University, it has led to increased dependency.
• According to the small business bible, it has also led to a decline in the skill level end user.
• It has eventual reduction of incomes.
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Role of ICT in Business
• Information Technology has become a vital and integral part of every business plan. From multi-national corporations who maintain mainframe systems and databases to small businesses that own a single computer, IT plays a role.
• The reasons for the omnipresent use of computer technology in business are the following:
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Role of ICT in Business
• Communication: for many companies, email is the principal means of communication between employees, suppliers and customers.
• Over the years, a number of other communications tool have also developed like live chat systems, online meeting tools and even video conferencing systems.
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Role of ICT in Business
• Inventory Management: inventory management systems track the quantity of each item a company maintains, triggering an order of additional stock when the quantities fall below a pre-determined amount.
• Data Management: companies are able to store and maintain tremendous amount of historical data economically, and employees benefit from immediate access to the documents they need.
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Role of ICT in Business
• Management Information System (MIS): enable companies to track sales data, expenses and productivity levels.
• Managers can track sales on a daily basis, allowing them to immediately react to lower-than-expected numbers by boosting employee productivity or reducing the cost of an item.
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Role of ICT in Business
• Customer Relationship Management (CRM): systems capture interaction a company has with a customer, so that a more enriching experience is possible.
• It helps to improve the way they design and manage customer relationships.
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Role of ICT in Business
• The other role of IT in terms of productivity:
• Productivity
• Speed of Processing
• Online Storage
• Replacing Human Labor
• Scalability
• Advertising
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Competitive Advantage of ICT
• A fundamental change is happening in companies competition due to change in global business’ environment.
• Development in Banking Sector: have speed up communication and transaction to client.
• Economy of Production: the emergence of IT sets another trends.
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Competitive Advantage of ICT
• Fundamental Requirement: Competitive advantages for an organization if it is survive in long term.
• IT has been perceived: it means to provide more efficient process that would led to lower costs.
• Widespread Impact: increasing new technology continues to progressively penetrate into core business.
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Let’s call it a day,Thank you!