Technology and Its Impact on Productivity - Assignment Example

The paper "Technology and Its Impact on Productivity" is an outstanding example of an information technology assignment. Among a large number of developments that have characterized human and organizational development; the transformational impact of information technology on organizational productivity is non-comparable. Information Technology is the term coined in the HBR article (1), also referred distinction of information technology for being a combination of several technologies. Information technology going beyond simple technological support facilitates fast-paced information processing for business operations and decision making at all levels of management structure (1).

For instance, in a value manufacturing industry, the adaption of information technology facilitate plants to produce more innovative and customized products, improves efficiency in processes by reducing the time required in all stages and hence cost and also facilitates staff with the need to equip themselves with technical expertise; hence increases the development opportunity (2). The referred development though referred with respect to plant-based production; however, have applicability in most aspects of the business.

Apart from the tangible product development, the service sector has also greatly benefitted from technological development. Gabor (2004 (3) in the paper referred to the increased performance inefficiency of in-service centre has resulted in increased technological development. The most recent form of information technology development that has resulted in an immense impact on productivity has been social media. Social media such as Facebook, Twitter, Google+ and LinkedIn etch develops important statistics and information for businesses that are being used by almost every department of business for their respective benefit.

For instance, the marketing department explores insight related to response to various price and product package while the product development department explores insight about customer preferences etc. Social media form of information technology has gained so much of importance that has been utilized by top management for the purpose of devising future strategy (4). Hence, since coined the stems of IT has been benefitted business productivity in every aspect with hyper-connectivity.