Computers and TechnologyWriting and Speaking

A Study Of Intangible Benefits Of Information Technology Investments

The study and application of computers and any type of telecommunications that store, retrieve, study, transmit, alter data, and transfers information is referred to as information technology (IT).

IT is a mixture of hardware and software used to perform the essential functions people require and use daily. You have seen and understand the significance of globalization thanks to information technology. Today, the entire world is on one platform, with no physical limits between nations. People are frequently referred as “global citizens.”

Most IT experts work with a company to technically understand what they require to satisfy their needs, showing them what current technology is available to execute their required tasks, then putting that technology in the setup or designing a completely new setup. In today’s world, the importance of information technology is overstated. Information technology is becoming increasingly important.

But studying IT is not easy; there are many assignments, technical tasks, and a final dissertation. Sometimes students feel overwhelmed and do not write good assignments. So, they can get help in how to write a dissertation introduction from internet resources (helpwithdissertation, 2021).

Today is the world of technology. Many internet resources provide many solutions to every question in a second. Like students who want suggestions on management dissertation topics, the internet gives many results in a second.

Information technology is essential in people’s lives because it helps them deal with the complexity of everyday life. Technology provides a variety of tools for accelerating development and exchanging information.IT objectives are to make work easier and solve many issues.

Understanding the relationship between technology and its users shows that IT investments can bring much more benefits than well-known tangible benefits.

Intangible Benefits of Information Technology Investments

Understanding and appreciating the intangible benefits of IT investments is also vital for the long-term viability of IT investments, which is especially relevant in developing countries.

Organizations’ beliefs about the intangible benefits of IT investment provide soothing incentives that businesses can obtain value from their IT investments, particularly at the process level. This is significant for companies who want to invest in IT but are concerned about the lack of clear proof of how IT contributes to business value (Ravichandran and Giura, 2019).

According to organizations that already invest in IT, businesses planning their IT investments should see process-level improvement, resulting in a positive net benefit. Such assurances from the business community are essential for encouraging other companies, particularly in developing countries, to make the most effective use of available IT resources and recognize the value foreign investment in IT delivers to their economies.

Uses Of Information Technology

  • Education

Technology allows teachers to keep updated on new techniques and help their students stay updated on the latest technology in education, such as using tablets, mobile phones, laptops, and so on. Information technology helps students learn new things and assists students who have dropped out of college.

  • Healthcare

The world of medicine and health has seen enormous advancements because of information technology. Sending and receiving information, checking patients, and collaborating with other experts have become much more convenient for doctors. It also decreases the amount of time spent on paperwork.

  • Finance

Online purchasing is now possible because of improvements in information technology. Banks use computers to keep track of all transactions and accounts. Unlike in the past, transactions are now faster and easier.

  • Communication technology

Globalization has increased as information technology has advanced. The world is becoming smaller, and the global economy is rapidly becoming a single interdependent system. Information can be swiftly and readily exchanged worldwide, and linguistic and geographic barriers can be broken down as individuals share ideas and information with one another.

  • Security

Online transactions and keeping records of all online transactions are now safer than in the past. Only good management and a system administrator have internet access to the data. It makes it impossible for any random individual to review the details. All of this is made possible by keeping the system’s passwords secure. Only authorized authorities have access to your information.

  • Employment

Information technology has led to the creation of new employment. For programmers, hardware and software developers, systems analysts, web designers, and other professions, it opens up new opportunities. IT has created entirely new fields and thousands of careers for IT experts.

Why Information Technology is Importent?

Information technology helps form and grow the commerce and business sectors, allowing for the highest possible output. With developments in information technology, the time it takes for various sectors to produce business has been reduced. It offers electronic security, data storage, and effective communication.

Information technology needs computer software to carry out the work. Computers connect IT to many businesses all over the world. It enables employees to keep track of their many clients from multiple organizations. 

It enables patients to communicate with physicians online and take advice on health issues. The technology can also maintain patient records properly.

Programming/coding, data conversion, data communications retrieval and storage, and system analysis are all used to collect information. The introduction of information technology has also significantly impacted the education industry. 

Computers, software, and the internet are extremely useful in running a business and generating expected results.

Wrapping Up the Topic

The above discussion clarifies that information technology is essential in the twenty-first century. Every industry requires information technology. Without the internet and a technological system, no business, education, agriculture, or health sector can provide the desired outcome. 

IT professionals in a variety of disciplines are in high demand. The demand opens an enormous opportunity for IT professionals to study the field and demonstrate their skills. IT professions include computer programming, system analysis, testing, software and hardware development, web application design, and so on.

Furthermore, developing-country businesses’ perceptions of the intangible benefits of IT investments show that IT contributes to business value. Understanding the nature of the intangible benefits of IT investments may provide richer insights into how IT contributes to business value.


HWD, 2021. How To Write A Dissertation. Online available at < https://www.helpwithdissertation.co.uk/blog/how-to-write-a-dissertation/> [Accessed Date: 13-Aug-21]

Ravichandran, T. and Giura, S.I., 2019. Knowledge transfers in alliances: Exploring the facilitating role of information technology. Information Systems Research30(3), pp.726-744.

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