The impact of the information technology on the business sector development

Davcev, Ljupco and Kulakov, Andrea (2012) The impact of the information technology on the business sector development. ICEIRD 2012 Proceedings. pp. 194-199. ISSN 978-954-07-3346-3


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With the development of information technology, the possibilities for expansion and growth of businesses are increasing. The interaction between business sector and information technology is bringing other new concepts which are affecting the future of business and information technology as two inseparable sciences. Managing business performance is a critical requirement for maximizing business profitability. In fact, in many situations, it is a critical requirement for remaining feasible in today’s competitive business environment. Company managers are feeling pressure from intolerance for missed performance targets. And with performance measurement periods becoming shorter, management simply must have the capability for rapid reaction. To do this requires monitoring and tracking capabilities that can generate complete and accurate information upon which they can directly react. This information provides the required business intelligence for proactively managing business performance.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Ljupco Davcev
Date Deposited: 11 Aug 2014 08:34
Last Modified: 11 Aug 2014 08:34

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