THE ECONOMIC IMPACT OF INFORMATION TECHNOLOGY ON BUSINESS ENTERPRISES: A CASE STUDY OF ENUGU STATE

ABSTRACT A survey research approach of the data collection was adopted to 80 respondents. Based on the sample results obtained is indicated that Business enterprises in Nigeria improves its processes and products with the use of Information Communication Technology and also most Business Enterprises in Nigeria were operated by men within the age range of 34-40 year old and as well mostly had the least educational qualification of B.Sc. Furthermore, Information Communication Technology enhances the production process in organizations as a monitoring technology which decreases cost, increase organizational capabilities and also assists to shape inter-organizational coordination. Hence, based on the research overviewed it is noted that Stakeholders in the Business Enterprise industry agree that the introduction of Information Communication Technology in its operations changes its processes and productivity which in turn boost profitability. In the same vein, the use of Information Communication Technology by Business Enterprise opens up new opportunities, reduces inventories with the use of Information Communication Technology as well as makes their services more tradable. From the context of this study, a sound conclusion can be drawn with emphasis that ICT has a great influence on productivity in the business enterprise industry in Nigeria. Hence, based on the research overviewed it is noted that Stakeholders in the business enterprise industry agree that the introduction of ICT in its operation changes its process and productivity which in turn boost profitability. In the same vein, the use of ICT by Business enterprises open up new opportunities, reduces inventories with the use of ICT as well as makes their services more tradable. Furthermore, ICT has the potential to improve the core business of Business enterprises in every step of its business process, through the use of information technology and Business enterprises can gain from developing capabilities for managing information, intensive resources, enjoy reduced transaction costs, develop capacity for information gathering and dissemination of international scale and gain access to rapid flow of information.