Role of ICT innovations in Business Efficiency and Effectiveness: An Empirical Investigation

Abstract

Presently, information and communication technology (ICT) is an essential component of management of the company. It is unavoidable for the proper functioning of any firm, regardless of extent or expertise, across the globe. Because of the fast growth of ICT and its widespread application in all aspects businesses it has an impact on people's lives and enterprises. Businesses are now regulating their operations by utilizing ICT assistance, which allows them to do activities more efficiently and precisely than ever. Services or products that give profits are mainly developed by the businesses. As far as Information Technology is concerned it is used to develop, produce, process, acquire, dissimilate and transfer of the information. Information technology is vital to the corporate sector as a managed service for optimizing information processing in order to profitably provide goods and services. In today's technology era, ICT is not simply a field of study; it is a type of creativity and a novel business model that is significant for an organization's management performance. It is critical that senior executives successfully integrate the concept of information and communication technology. Whether the company is small, medium, or huge, information technology is critical to its success.