Information Technology (IT) plays a vital role in business management. Technology makes it simple to store large quantity of data while ensuring that the data's integrity is preserved. We have improved our capacity to store private and sensitive information in a manner that renders it less susceptible to being compromised in the event of a data breach. When it is necessary, the information may be accessed immediately, and it can be studied not just to study patterns from the past but also to make projections about the future. In turn, this may be helpful when it comes to the process of decision-making. This paper studied role of Information technology in effective business management: trends, approaches and management.