Role Of Information Technology In Business


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Uploaded on Aug 12, 2022

PPT on Role Of Information Technology In Business.

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Role Of Information Technology In Business

ROLE OF INFORMATION TECHNOLOGY IN BUSINESS Sustainable and resilient operations The entire world is set to follow the eco-trend. Every organisation is seeking to eliminate or reduce environmental damage and costs in its business operations. 2022 would see businesses continue emphasizing decarbonizing the supply chain. Source: www.tatacapital.com Balancing human and artificial intelligence AI-powered systems are increasingly capable of taking on tasks that humans previously did. It could be conversations through Chatbots, voice bots or data-driven tailored marketing communications. Industry professionals believe in 2022, AI will play a significant part in sales and marketing. AI is also used in corporate initiatives like building business intelligence and analytics. Source: www.tatacapital.com Adoption of new technology Access to technology will provide greater opportunities in developing countries and contribute to the expansion of SMEs. Technology is predicted to have the biggest effect on the sectors like aviation, farming, sustainable agriculture, biotechnology and healthcare. Source: www.tatacapital.com Customer centricity Customers are driving business decisions in today’s customer-first market. They are dictating what they want to buy, when and how. Businesses anticipating customer preferences and adapting operations to ease customer decision making will be ahead of the game. Source: www.tatacapital.com Shift to hybrid work models Shifting to a hybrid model will require companies to design meetings, job roles, and day to day operations systematically. Executives will need to develop a new model of working and let go of the traditional haphazard processes. Source: www.tatacapital.com Collaboration and integration In the future close partnerships with other organisations will be the way to succeed in every business sector. This means deeper supply chain partnerships, data integration, real- time information sharing, capitalising synergies, and cooperation between competitors. Source: www.tatacapital.com Flatter, more agile organizations This is the age of flatter organizational structures, which are more like flexible communities rather than a top-down pyramid structure. Source: www.forbes.com Purposeful business Linked to authenticity, this trend is all about ensuring your organization exists to serve a meaningful purpose – and not just serve up profits to shareholders. Source: www.forbes.com Authenticity Today’s consumers are seeking a more meaningful connection with brands. And this need for connection has given rise to authenticity as a business trend in its own right. Authenticity helps to foster human connections – because, as humans, we like to see brands (and business leaders) display important human qualities like honesty, reliability, empathy, compassion, humility, and maybe even a bit of vulnerability and fear. Source: www.forbes.com THANK YOU