Week 1 Research Paper Technology Research Paper Essay (Research Paper Sample)

Information Technology
Name
Institution/ Affiliation
Information technology
Technology has transformed the way firms conduct business across the world. In the contemporary age of globalization and extreme competition, information technology plays an essential role in improving business performance (Astuti, Rahayu & Wilopo, 2018). It is a resource that helps firms achieve competitive advantage by adding new capabilities and increasing operations efficiency. Arumugam & Raamani (2019), argues information technology is an integral tool to sustain the skills needed in producing skilled manpower.
Today, with business being faced with rampant change in technology, variation in consumer demand, taste, and preferences, reduction in lead-times, and reduced life expectancy of products, information and communication technology can help improve performance as well as increase efficiency (Turulja & Bajgorić, 2016). To achieve competitive and successful business depends on the effective use of high-tech infrastructure than competitors. In school settings, technology resources and equipment improves teaching and learning experiences (Mitchell, Wohleb & Skinner, 2016). Therefore, firms must continuously seek new technologies, adapt to new trends and develop strategies that help them compete efficiently.