Role of ICT

in Business Recording Data

ICT as a
Storing Data
Tool In
Business Retrieving Data

Manipulating Data

ICT in Business ICT in Business

can be used for: can be used for:

Finance –
ADMINISTRATION - record transaction,
invoices and budgets,
communications cash flow, profit
and loss
 ICT in Business
can be used for: Software
Spreadsheets
Communications – Word
instant messages, Processing
mobile phones

Word Processing
Spreadsheets  Commonly used for letters, reports and documents
 Can import graphs, charts and graphics
 Spreadsheets and Cash Flow: helps to monitor the  Checks spelling and grammar
cash within a business. It is easier to perform “what  Easy to edit and format
if” situations  Good quality presentation
 Use of templates
 Spreadsheets – like Excel – is commonly used to
 Can use mail merge
produce an electronic record of transactions in
 Software – Database
businesses.
 Keep customer records
 Keep stock records
 Can produce a booking system
Word Processing
Internet,
Word-processing – Word – is used in many different ways Email and E-Commerce
in a business. It can keep templates of letters and reports
Global marketplace
so that they are kept on file for when they need to be
E-commerce
used. Mail merge can also be used so that a business can
Market performance
send out the same letter to many customers but adding a
Price comparison sites
personal touch.
Messages can be sent to groups
Quick information transfer rate
Databases – Excel and Access – are used to keep records
Low costs
for a particular reason – i.e. stock lists or a client
database.

Speed – quicker processing time

How so save the business time and

money. Also, transactions can be
Software processed much quicker.

improve Accuracy – with the use of

verification and validation data
Efficiency can be inputted more accurately.
This can help with
decision making.
 Management
Capacity – large quantities Information System (MIS )-Is used for
Data handling – data can be
of data can be held with decision making by managers.
inputted and manipulated
using very little physical Information is taken from internal and
anywhere on a network. external sources
space.
User Friendly – The user does Accountancy Software- Used for
not have to have vast various accounting needs
computer knowledge to use
most of the programs. Enterprise Resource Planning (ERP)
-Helps with various sections of running a
business

Legal Issues Legal Issues

a. Data Protection Act -
c. Confidentiality and Security-
Controls the collection, storage, processing and
Use of passwords
use of data.
b. Health and Safety- Anti-virus software
Time in front of the screen System back-up
Repetitive strain injury (RSI)
Data Business Enterprise
Collected fairly and lawfully
Collection A business enterprise is any type of operation that is
 Held and used for specific
should be: involved in providing goods or services with the
purpose
 Adequate, relevant and not anticipated outcome of earning a profit. Its broad nature
excessive allows the term to be applied to any type of company or
 Accurate and kept up to date firm that is geared toward generating revenue by selling
 Not kept longer than is products of any type. The terms company, firm, and
necessary business enterprise are often used interchangeably.

You can set up an online business involving It is also very important to plan and
products or services using available opensource or
make an extensive research about your
subscription online platforms and tools.
Before venturing into an online business, get your business, like your target market, your
business idea from everyday difficulties that people competitors, financial matters, and how
encounter. Find the product or service that will make
viable is your ICT business. You can
people’s live better, easier or safer. Find something
that you love to do and if it can help people, them learn these things from any
you can start a business. Entrepreneurial Development books or
materials
1. Create a blog and host ads on
your site if you gain good
2. Create a youtube
followers. video

3. Create an accommodation review 4. Start your own travel exchange or a

site. A review site is a website in which local guide by putting together
reviews can be posted about people. packages of budget flights and
accomodations.
5. Create a tutoring service for 6. Start designing service like a web
students, offer online courses or design, illustration, writing or admin
webinars, or offer a language course support using online tools.
or conventional practice for learners
around the world using different
educational platforms.

7. Create web graphics or icons and 8. Create photo albums and produce
sell them o a market. professionally printed books or
magazines and add handcrafted
touches.
9. Offer a transcription service where 10. Produce an e-newsletter and take
you will convert speech (either live or paid advertising from local businesses.
recorded)

11. Start an online store. You can select

from the many open-source shopping
carts, software and free tools to
create, host, run, market, and manage
your E-commerce business