Q.2    Why should you plan for new technology?

Business organizations are continually seeking to increase profits, increase market share and reduce costs. The environment in which business operates is extremely competitive and this trend is certain to continue with the effects of globalization. Non- profit organizations such as governments seek to provide improved services at less cost.

Information technology is playing a very important role in the functioning of organizations. Some possible benefits of new technology are:

New business opportunities

Increase in existing business

Greater efficiency

Greater competitive advantage

Improved management and work practice