A business is one which involves a buyer and a seller. A seller sells goods or services to a buyer or a customer for money or money’s worth. The world of business has been evolving and business have grown into large scale businesses. Where as in the past businesses were run in small scale and mostly involving family enterprises. However, at present we find businesses which ever have spread abroad. Countries have indulged in business that do export and import of goods and services. However, with the development of the business world, also came the development and the evolution of technology. Computers are widely used in all type of businesses for example in apparel, food, and electronic and even vehicle businesses.
IT in simple is the use of the support of technology to process information of large scale businesses, organizations and companies and to manage them. It applies only to refer large scale businesses as mentioned and not private or individual use of computers. IT has developed vastly after the industrial revolution took place in the 18th century. These have been immensely helpful in the field o of businesses by introducing many software’s and networks. For example, the performance management software is largely helpful to keep a watchful eye on the overall performance of a company and its workers. This software further helps in figuring out which level of workers work in the enterprise and helps the employer to come into a decision about his or her employees working efficiency.
There have been further improvements and developments in the field of IT to help the business world. One difficult thing anyone find whether it be in business or normal day to day activities is time and its management. This is why the online time and attendance software was introduced. This software keeps a track on the time and management the workers of the company spend and therefore makes it easy for the employer to calculate the wages and salaries accordingly.
These computers and its technology are used to to record and store various accounts, to store details on business transactions, wages for the employees, salary for the workers, and also all the monetary account details of the business. This is because it is easy to have them stored in a computer. This takes little space and will not require to have a pile of files stored. It is easy to refer to any details as it is separated in files in the computer, calculation of salary and wages is easy and also the time and date is marked and it is therefore comfortable when there is a computer to store information data of a business.