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ICT (Information Communication Technology) - Coggle Diagram
ICT (Information Communication Technology)
Forms
EDI
: (Electronic Data Interchange)
The Internet
Intranets
: (Internal Computer Networks)
Cloud Computing
: Online services that provide file storage and software
E-Mail
Benefits of ICT
Reduced marketing costs
Stakeholders relations improved
Reduced travel costs
Advertising to global audience becomes easier
Staff motivation can be increased
Faster Communication
Benefits of EDI
Reduces cost as no money is spent on paperwork and stock management costs
Speeds up stock ordering, reduces chance of human error
Improves cashflow, invoices sent out accurately and on time
Increases customer satisfaction, improves sales due to regular stock delivery
Risks
Can be Expensive
: Initial capital investment + ongoing maintenance
Information Security
: Vulnerable to viruses and hackers
Business Disruption
: If internet is down!
E-Crime
: Credit card fraud, phishers