Presentation on theme: "Role of ICT in Business ICT in a business environment can be used for:"— Presentation transcript:
1 Role of ICT in Business ICT in a business environment can be used for: Recording dataStoring dataRetrieving dataManipulating dataCommunicationUsed in:Administration – invoices, communicationFinance – record transaction, budgets, cash flow, profit and lossCommunications – , instant messages, mobile phones
2 Software - Spreadsheets Spreadsheets can manipulate data, produce work in rows and columns and formula can be used.Spreadsheets and Budgets: budgets can be set up so that actual figures can be entered. Using formula means that the variance can be calculated automatically. From each budget, a master budget can be produced.Spreadsheets and Cash Flow: helps to monitor the cash within a business. It is easier to perform “what if” situationsSpreadsheets – like Excel – is commonly used to produce an electronic record of transactions in businesses.Budgets: budgeted figures and actual figures can be inputted onto a spreadsheet and formula used to see the differences. It can also be used to see “what if” situations and used as a simulation model to see the impact of certain situations.Cash Flow: using formula means that the business are not continually working out the monthly inflows and outflows.Break-even: the business can see what would happen if they increased their price or if costs were to rise or fall and what impact these would have on the break-even point.Spreadsheets and Break-even: can easily change variables to see what impact changes have on the break-even position and units to be sold.
3 Software – Word Processing Commonly used for letters, reports and documentsCan import graphs, charts and graphicsChecks spelling and grammarEasy to edit and formatGood quality presentationUse of templatesCan use mail mergeSoftware – DatabaseKeep customer recordsKeep stock recordsCan produce a booking systemWord-processing – Word – is used in many different ways in a business. It can keep templates of letters and reports so that they are kept on file for when they need to be used. Mail merge can also be used so that a business can send out the same letter to many customers but adding a personal touch.Databases – Excel and Access – are used to keep records for a particular reason – i.e. stock lists or a client database.Other programs that could also be used to improve the efficiency of a business is PowerPoint for presentations and Publisher as a desk top publishing tool.
4 Internet, Email and E-Commerce Global market placeE-commerceMarket performancePrice comparison sitesMessages can be sent to groupsQuick information transfer rateLow costsThere are advantages and disadvantages for Internet use for businesses.The positive is that the internet opens up a global market for a business and they can post to customers over the world. They can also get stock form a variety of countries. Using the internet can be cheap depending on ISP, etc.The negative aspects are that it makes it easier to compare prices with other country so that a customer may go to a competitor because they are cheaper or have cheaper postage costs. Goods also have to be paid for and this would involve having a secure payment site.E-CommerceShopping 24/7Low overheadsGlobal markets
5 How software improves efficiency Speed – quicker processing time so save the business time and money. Also transactions can be processed much quicker.Accuracy – with the use of verification and validation data can be inputted more accurately. This can help with decision making.Data handling – data can be inputted and manipulated anywhere on a networkUser Friendly – The user does not have to have vast computer knowledge to use most of the programs.Capacity – large quantities of data can be held with using very little physical space.
6 Specialist Software Management Information System (MIS) Is used for decision making by managersInformation is taken from internal and external sourcesAccountancy Software (i.e. SAGE)Used for various accounting needsEnterprise Resource Planning (ERP)Helps with various sections of running a businessi.e. product planning
7 Legal Issues Data Protection Act Controls the collection, storage, processing and use of data.Health and SafetyTime in front of the screenRepetitive strain injury (RSI)Confidentiality and securityuse of passwordsAnti-virus softwareSystem back upData Protection - data should be:Collected fairly and lawfullyHeld and used for specific purposeAdequate, relevant and not excessiveAccurate and kept up to dateNot kept longer than is necessary