Facts Technology and the Small business Communities: A Situation Analyze of Modest-scale Small business Enterprises in Nigeria

Introduction

Owing to globalization of the overall economy, crisis of data technology, progress of the Internet and other interaction network, increasing diversity of enterprise transactions and enhanced level of competition, businesses are changing the way they talk with new procedures that sharpen enterprise general performance. The Internet is becoming the basis for new enterprise designs, method and new methods of knowledge distribution (Laudon K.C and J.P. Laudon, 2000).

                Modest-scale enterprises now use the Internet and networking technology to conduct a lot more of their do the job electronically, trustworthy linking factories, places of work and revenue forces close to the world (Dave C. 2000). This interaction evolution is ruled by applied infrastructures with converged companies and integrated application (Lucas H.C and B. Jack, 1994). The convergence of data technology is an essential craze influencing both current and future marketplaces, market and technology (James, A.O, 2004). Companies these types of as the outlets, financial institutions and institution interviewed, are extending these networks to suppliers, clients and other teams outside the business to help them reply quickly to purchaser needs and industry shifts.

Unquestionably, data technology is bringing about adjustments in business that make corporations even a lot more dependent than in the past when it is dependent exclusively on the knowledge, studying and choice producing of particular person workers. Moreover, purchaser provider, operation, merchandise and advertising techniques, and distribution are greatly dependent on data technology (Mind K and C. Stacey, 2001).

This exploration do the job examines the effects of data technology on the economics of tiny-scale enterprise enterprises. This is to confirm the stage at which data technology has reworked enterprise procedures for unique and apps productive enterprise management, criminal offense rate reduction, job development and improved stability of data programs. This will aid make obtainable the suitable kind of data at the suitable time location for ideal utilization of obtainable means to enrich the good quality of existence in the human modern society.

Content and Approach: In the research, a statistical approach was adopted. Responses from the various enterprise/institutions outlets, factories, eatery, marketplaces, financial institutions, fuel station, bakery, faculties, cyber cafe, healthcare facility, poultry, boutique, salon, phone phone centers, guest properties and activity centers by way of the questionnaire in some picked metropolitan areas in Nigeria for more than eleven months in 2008 were being technically examined and summary drawn in line with the hypothesis formulated.

Theoretical Background

The willpower of data concept arrived into concentrate with Claude E. Shannon’s classical paper, “A mathematical concept of interaction” in 1948. This concept deals with the quantity of data and does not manage the meaning of data. Similarly, the concept failed to deliver needed aid in the style of an data procedure. As a consequence, the original curiosity on data concept declined. Nonetheless, the willpower begins to gain prevalent acceptance only in the very last couple yrs. This is attributed to the actuality that data technology now delivers the assistance needed to establish an data procedure that serves ideal for some unique and application (David M.K, 1992).

                Facts technology, as defined by the Facts Technology Affiliation of America (ITAA), is the research, style, enhancement, implementation, assistance or management of computer based mostly data programs, significantly application apps and computer hardware. Mainly, data technology deals with the use of digital desktops and computer application to transform, retailer, protect, method, transmit and securely retrieve data. Illustrations of data technology consist of own digital assistant, own desktops, telephones, televisions and so on (Mind K.C and C.S. Stacey, 2001).

                Nowadays, the phrases data technology has ballooned to encompass numerous facets of computing and technology, and the term is a lot more recognizable than at any time just before. The end goal is to make the efficient and productive use of data to take care of uncertainly and enrich productivity at each stage particular person, modern society and govt (Charlse W.L.H, 2001). On this theoretical history is the hypothesis formulated.

                Hypothesis: Two styles of hypothesis were being formulated in this research Null hypothesis (Ho) and Alternatively hypothesis (H1).

Null Hypothesis: Facts Technology does not have positive effects on tiny-scale enterprise enterprise.

Alternatively hypothesis: Facts technology has positive effects on tiny-scale enterprise enterprises.

Final decision Rule: When the observed chi-square (X2) is higher than the crucial chi-square (X2) from tables of chi-square, Hi is acknowledged and Ho is rejected and vice versa. This choice is similar to (Salami A and A.O. Usman, 2008).

Information Evaluation and Interpretation of Outcomes

The knowledge from this exploration were being analyzed and results interpreted in line with the exploration questions

Investigate Problem 1: Does the Introduction of Facts Technology have effects on tiny-scale enterprise enterprises?

Desk 1: Effect of Facts Technology on Small business Advancement and Money Stream

S/N

Items

Strongly

Agree

Agree

Disagree

Strongly

Disagree

Row

Overall

1.

Facts technology has improved the common of tiny-scale enterprise enterprise

120

(seventy three)

ninety two

(seventy two)

28

(48)

sixteen

(62)

256

2.

Just about every unit of a enterprise has benefited from Facts Engineering

70

(fifty five)

80

(fifty three)

seventeen

(36)

23

(forty six)

190

3.

Facts Technology is of no positive Effect to tiny-scale enterprise enterprises

12

(80)

15

(79)

103

(fifty three)

a hundred and fifty

(68)

280

four.

Facts Technology has captivated a lot more clients to all enterprise enterprises

65

(42)

sixty seven

(forty one)

ten

(28)

five

(36)

147

five.

Facts Technology is meant for larger sized scale enterprise enterprises and not for tiny-scale enterprise enterprises.

twenty

(36)

27

(36)

thirty

(24)

50

(31)

127

Column Overall

287

281

188

244

one thousand

*Observed X2 = 463.3, crucial X2 = 21.026, µ =.05, df =12.

From Desk 1, the predicted frequencies in brackets are calculated making use of the components (Egbule J.F and D.O. Okobia, 2007).

               

E  =  Row whole x column whole ————————– (1)

                     Grand Overall

In which, E = predicted Frequency and Grand Overall = one thousand

ROW I

For observed frequency = 126, making use of equation (1)

For observed frequency = ninety two,

For observed frequency  = 28,

For observed frequency = sixteen,

ROW II

For observed frequency = 70,

For observed frequency  = 80,

For observed frequency = seventeen,

For observed frequency = 23,

ROW III

For observed frequency = 12,

For observed frequency = 15,

For observed frequency = 103,

For observed frequency = a hundred and fifty,

ROW IV

For observed frequency = 65,

For observed frequency = sixty seven,

For observed frequency = ten,

For observed frequency = five,

ROW V

For observed frequency = twenty,

For observed frequency = 27,

For observed frequency = thirty,

For observed frequency = 50,

Applying the chi-square (X2) statistic as presented in (Omorogiuwa, 2006)

……………………………..(2)

In which, O = observed frequency and

                 E = predicted frequency

By substituting into equation (2) higher than

The degree of flexibility is specified by

df = (r-1) (c –1) …………………………….(3)

In which,                   r = Variety of Rows and

                                 c = Variety of Columns

From desk 1, r = five, and c = four. df = (five-1) (four-1) = 12

Crucial benefit of chi-square X2 = 21.026 (from tables) at a tests benefit µ = .05

These results reveals that the observed chi-square X2=463.2 (from calculation), is higher than the crucial benefit of chi-square X2=21.026 (from tables), at a tests benefit of µ =.05 and degree of flexibility df = 12. This signifies a considerable connection and it implies that data technology has a positive effects on enterprise progress and usually will increase money stream.

Investigate Problem 2: Does the introduction of Facts Technology in tiny-scale

         enterprise enterprises deliver a lot more job options for  

                                      unemployed Nigerians?

Desk 2: Career options making use of Facts Engineering

S/N

Items

Strongly

Agree

Agree

Disagree

Strongly

Disagree

Row

Overall

1.

Facts technology has furnished a supply of money to numerous younger school leavers

201

(149)

152

(119)

35

(seventy eight)

29

(seventy seven)

417

2.

Facts Technology deliver vacations work opportunities for numerous pupils

116

(107)

101

(86)

39

(fifty two)

44

(fifty six)

three hundred

3.

Drastic Reduction of mass unemployment given that the application of Facts technology in enterprise.

forty

(101)

33

(81)

ninety eight

(49)

112

(fifty two)

283

Column Overall

357

286

172

185

one thousand

*Observed chi-square X2 = 273.six, crucial X2=12.592, df = six, µ = .05.

 

                The results of desk 2, exhibit that Null hypothesis (Ho) is rejected and alternatively hypothesis (Hi) is acknowledged. The observed benefit of chi-square X2 equal 273.six (from calculation not proven for ease), is higher than the crucial benefit of chi-square X2 = 12.592 (from tables), at a degree of flexibility df = six, making use of a tests benefit µ= .05. This signifies a considerable connection implying that the introduction of data technology in enterprise delivers a lot more job vacancies for unemployed Nigerians.

Investigate Problem 3: Of what relative effects is the introduction of Facts

  Technology in productive enterprise management?

Desk 3: Facts Technology in productive enterprise management

S/N

Items

Strongly

Agree

Agree

Disagree

Strongly

Disagree

Row

Overall

1.

Facts technology enrich good preparing and execution of enterprise techniques

102

(90)

ninety six

(ninety two)

seventeen

(28)

thirty

(35)

245

2.

Facts technology allows to boost on the abilities of enterprise-males

90

(71)

90

(seventy two)

six

(22)

seven

(28)

193

3.

Small business-males are now a lot more time conscious with the advent of data technology

seventy eight

(seventy four)

87

(seventy five)

15

(23)

21

(29)

201

four.

Facts Technology discourages unwarranted journey.

ninety seven

(132)

102

(135)

76

(forty one)

86

(fifty two)

361

Column Overall

367

375

114

one hundred forty four

one thousand

*Observed chi-square X2 = 120.four, crucial X2 = sixteen.919, df = 9, µ = .05

                The results exhibit that the null hypothesis (Ho) is rejected when the alternatively hypothesis (H1) is acknowledged. The observed chi-square X2 = 120.four is higher than the crucial benefit of chi-square X2 = sixteen.919 [from tables], at a degree of flexibility df = 9, making use of a tests benefit of µ = .05. This signifies a considerable connection, which implies that the introduction of data technology allows in productive enterprise management.

Investigate Problem four: Has the introduction of data technology lessened the rate of

 Fraudulent pursuits in enterprise?

Desk four: Facts technology to combat enterprise fraud

S/N

Items

Strongly

Agree

Agree

Disagree

Strongly

Disagree

Row

Overall

1.

Facts technology is a weapon for combating fraudulent pursuits in enterprise

76

(58)

90

(fifty four)

eighteen

(42)

twenty five

(fifty five)

209

2.

Facts technology encourages dishonesty in enterprise

39

(seventy eight)

45

(seventy two)

seventeen

(fifty seven)

112

(seventy five)

283

3.

Only the loaded can correctly benefit from data technology to combat criminal offense

twenty five

(sixty six)

32

(sixty one)

86

(49)

ninety seven

(sixty four)

240

four.

The use of data technology help in reporting fraudsters to law enforcement companies

136

(seventy four)

89

(sixty nine)

12

(fifty four)

31

(71)

268

Column Overall

276

256

203

265

one thousand

*Observed chi-square X2 = 320.five, crucial chi-square X2 =sixteen.919. df = 9 µ = .05

The results exhibit that alternatively hypothesis (H1) is acknowledged and the Null hypothesis is rejected. The observed chi-square (x2=320.five) is higher than the crucial benefit of chi-square (x2 = sixteen.919 from tables) at a degree of flexibility df = sixteen making use of µ = .05. This signifies a considerable connection, which implies that data technology has lessened the rate of fraudulent pursuits in enterprise.

Discussion

The results of this research deliver valuable responses to the exploration questions. On the effects of data technology means on enterprise progress, normal money stream and job development, results of the research exhibit that a the vast majority of tiny-scale enterprises have immensely benefited in these areas. It was clear that some of the respondents have interaction in retailing of GSM products and other data technology means, alongside their items and companies. This invariably, contributes to enterprise progress, normal stream of money and provision of work opportunities for the unemployed.

                On the effects of data technology on enterprise and productive time management, some respondents usually agreed as witnessed in Tables 1 to four making use of the alternate hypothesis system that it was positive. Nonetheless, it was found that inspite of the use of data technology for enterprise promotions, most enterprise males still lack efficiency in provider delivery. This may be attributed to weak enterprise abilities or inadequate history. It is hence not shocking that positive adjustments in enterprise management are still not obtained. Nonetheless, it could be hoped that present day data technology will aid to sharpen the sense of enterprise and time management abilities.

Summary and Suggestion

In summary, data technology has improved tiny-scale enterprise enterprises in Nigeria. In order to consolidate on the present stage of accomplishment of data technology in enterprise, a great deal a lot more improvement should be welcomed. These consist of improvement in the stage of data technology companies rendered to enterprise enterprises, wide protection (specially in the rural areas), reduction in tariff and superior connectivity.

In line with the exploration results, it is encouraged that data technology provider providers should really intensify hard work to make utmost use of the higher penetration by enterprise enterprises. This invariably, will aid to enlighten the populace on the benefits connected to the apps of data technology.

                The tariff of all the provider providers is much too higher. Consequently, this cuts down the variety of consumers that go online for Internet advertising. In order to reverse this craze, it is encouraged that the demand deducted by the provider providers should really be lessened to persuade a lot more tiny-scale enterprise enterprises in Nigeria.

References

Mind K. W and Stacey C. S (2001): Employing Facts Technology: A useful Introduction to desktops and communications, 4th Version, Mc Graw-Hill Companies Inc, New York, Usa. Pp seventy eight-94.

Charlse W.L.H (2001): Global Small business, 2nd Version McGraw Hill Companies, New York. Pp one hundred-132

Dave C etal, (2000): Internet Marketing approach, Implementation and follow, pearson Education Constrained, England.

David M. K (1992) Administration Facts Techniques, 2nd Version, Mc Improve Hill businesses inc, Usa.

Egbule J.F and Okobia D.O (2007): Investigate strategies in Education for Schools and Universities, Kmensuo Instructional Publishers, Agbor. Chapter 3.

James A. O.B (2004): Administration Facts Techniques: Controlling Facts technology in the Small business enterprises, 6th Version, McGraw Hill Companies Inc, New York Usa. Chapter five & six.

Laudon K.C and. Laudon J.P (2000): Administration Facts Techniques: Corporation and Technology in the Networked enterprises, 6th Version Prentice – Corridor, Inc, Usa.

Lucas H. C and Jack B (1994): “The purpose of Facts Technology in business style”. Journal of management data programs ten. No. four. pp fifty six-89.

Omorogiuwa O.K. (2006): Investigate and Applied stats for the behavioural sciences: An introduction. Mindex Publishing Firm Constrained Benin Metropolis. Pp forty three-48

Salami A.O. and Usman O.A. (2008): The socio-financial impacts of world-wide procedure for mobile interaction (GSM) a college pupils, Journal of Financial Principle 2 (2): 63 – 70.