Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Information
Information is any entity or form that provides the answer to a question of some kind or resolves uncertainty. It is thus related to data and knowledge, as data represents values attributed to parameters, and knowledge signifies understanding of real things or abstract concepts. As it regards data, the information's existence is not necessarily coupled to an observer (it exists beyond an event horizon, for example), while in the case of knowledge, the information requires a cognitive observer.
Information Technology
Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered to be a subset of information and communications technology (ICT).
Technology
Technology ("science of craft", from Greek τέχνη, techne, "art, skill, cunning of hand"; and -λογία, -logia) is first robustly defined by Jacob Bigelow in 1829 as: "...principles, processes, and nomenclatures of the more conspicuous arts, particularly those which involve applications of science, and which may be considered useful, by promoting the benefit of society, together with the emolument [compensation ] of those who pursue them" .
Information
In 2007, for the first time ever, more information was generated in one year than had been produced in the entire previous five thousand years - the period since the invention of writing.
Jaap Bloem, Menno van Doorn, Sander Duivestein, Me the media: rise of the conversation society, VINT editions (research institute of Sogeti), 2009, p. 270.
Information Technology
Enterprise architectures are required to support and maximize the efforts of virtual teams within decentralized organizations. Vendor products exist today to start evolving towards a standards-based multi-vendor architecture. The underlying networking technology, 802.3/Ethemet, is robust and will provide for a cost-effective investment that will last for many years to come. Complimentary LAN technologies are already available to ensure transparent growth of networked systems. Combining human resources with information technology will be the key differentiating factor for successful manufacturing enterprises in the 1990s.
Instrument Society of America (1991) Proceedings of the Industrial Computing Conference, Volume 1. p. 647.
Information Technology
The strategic use of information technology (I/T) is now and has been a fundamental issue for every business. In essence, I/T can alter the basic nature of an industry. The effective and efficient utilization of information technology requires the alignment of the I/T strategies with the business strategies, something that was not done successfully in the past with traditional approaches. New methods and approaches are now available. The strategic alignment framework applies the Strategic Alignment Model to reflect the view that business success depends on the linkage of business strategy, information technology strategy, organizational infrastructure and processes, and I/T infrastructure and processes... We [have looked] at why it may not be sufficient to work on any one of these areas in isolation or to only harmonize business strategy and information technology. One reason is that, often, too much attention is placed on technology, rather than business, management, and organizational issues. The objective is to build an organizational structure and set of business processes that reflect the interdependence of enterprise strategy and information technology capabilities. The attention paid to the linkage of information technology to the enterprise can significantly affect the competitiveness and efficiency of the business. The essential issue is how information technology can enable the achievement of competitive and strategic advantage for the enterprise.
Jerry N. Luftman, Paul R. Lewis, and Scott H. Oldach (1993) "Transforming the enterprise: The alignment of business and information technology strategies." IBM Systems Journal Vol 32 (1). p. 198 Abstract.
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