Information technology as a factor of creating and developing of competitive advantages of businesses

Abstract

Information technology has changed business structures and organizational processes. Each organization is now 
aware of benefits and implication of information technology in business and also its ability in creating competitive 
advantage. Current worldwide movements show us that information technology will continue to be an important 
resource for development of businesses. Intensive use of information technology makes organization more 
innovative and speeds up business processes that in turn become more efficient and competitive. Today, usage 
of information technology becomes crucial for all businesses and organizations. Information technology is viewed 
as a competitive weapon critical for the organizational competitiveness and their competitiveness will be 
assessed according to their ability to outperform traditional competitors and newcomers. Only organizations that 
are in the forefront of technological solutions will be able to gain competitive advantage in the future. Therefore, 
we consider that this paper will help businesses to understand how information technology supports business 
processes and how can be used as a factor of creating and developing of competitive advantages.