EFINITION of ‘Information Management Technology (IMT)
Information management technology is the distribution, organization and control of technology in a business. The technology managed can include budgets, staff, computers, programs and systems.
One advantage for businesses to use information management technology is that they can organize their data and resources more efficiently. A disadvantage is that people’s jobs are sometimes eliminated due to efficiency or cost-saving measures.
INVESTOPEDIA EXPLAINS ‘Information Management Technology (IMT)’
Information management technology is used to carry out business strategies. Walmart, for example, very strictly manages their retail supply chain through information technology. Computer programs analyse real-time sales and inventory data to automatically order and ship products to various retail locations. Amazon also has strong information management technology.