Information technology (IT) involves the application of computers and other telecommunication devices to store transmit and manipulate data into meaningful information. The sector is known to deeply depend on computers to perform all its roles. In business, the term IT refers to usage of computer based information systems. It involves software development and its installation in planning and management of organizations technology. The software and hardware are frequently maintained and upgraded to cope with the rising technological advancements, which are more reliable and efficient (Atlantic 34). Development of IT sector in India led to the creation of more than 15 million jobs. The country’s revenue increased the GDP to 133 US dollars. Cisco Company Cisco a leading network company launched new software’s, switches and services to transform its information technology in a more business oriented manner. The company has a vision of constructing new application Centric Infrastructure (ACI) architecture. The ACI plan has been raised due to the emergence of Software- Defined Networking (SDN). The ACI will reduce the time being taken in removal and change of applications to minutes for maximum efficiency. Construction of the Nexus 9000 switch will enable a network transition from NX-OS to the ACI- mode, which has up-graded software and an additional control switch. With the application of ASIC’s and merchant Silicon, the system will have improved performance and more density port in data dispersion. The APIC is capable of managing about 1 million endpoints at ago. It operates independently of switch data and control panels hence the network will be operational even if the system is offline. The SDN allows the networking software to be ... ... middle of paper ... ...ient in power consumption besides having so many other interior modifications. Initially we are in the micro technology whereby items like microchips are being incorporated in computers. Some years to come the world will have adopted the nanotechnology whereby so minute devices will be manufactured. More powerful and efficient devices are being made to satisfy the customers demand. Eruption of these technologies does not mean that what we are learning now will be useless. It implies that we will have some basics of how these devices are operating though we shall be un-aware of the mechanisms (Atlantic 34). This is because the current trend in technology is so high that every inventor wishes to come up with a new item if not a modification of the old one. Works Cited Atlantic, A. Information Technology. New York: Atlantic Publishers and Distributors, 2007. Print.
IT, "Information Technology", refers to anything related to computing technology, such as networking, hardware, software, Internet, or the people that work with these technologies. Many companies have IT departments for managing the computers, networks, and other technical areas of businesses. IT jobs include network administration, computer engineering, Web development, technical support, and many other related occupations. That means "IT" already highly overused, is here to stay.
Is it smart for companies to invest heavily in information technology (IT)? Numerous studies indicate that excessive IT spending will usually reduce company profits and slow productivity. According to an article in the MIT Sloan Management Review, “Avoiding the Alignment Trap in Information Technology,” IT can become a huge bottleneck to growth in companies if they focus on the wrong remedies for their IT problems (Shpilberg, Berez, Puryear, & Shah, 2007). The article first focuses on Charles Schwab and its IT struggles during the early 2000’s. Then, it presents a study on 504 companies, and IT’s effect on their revenue growth. Lastly, it covers the steps to ensure success in IT’s effectiveness.
Technology development in the last two decades have help us come this far, and maybe even more further as human being, including ourselves, have the passion and bigger need for something more advanced than what we already achieved. The technology developing is now not only a scientist's job to invent, but also it has become major businesses in the world economy.
Technology has come so far in our modern world, from the creation of a stone axe to the discovery of fire and now nanotechnology.
The market for IT industry was huge and expanding at a fast pace. However the market leaders were Accenture and IBM which had a negligent market share and rest was captured by small enterprises. Indian companies also ventured in the industry and due to their competition, IT multinational giants had to increase their base in India. Due to high opportunities, attrition rate was also high in this industry. As a result Indian companies like Wipro, Infosys increased their base level salaries. During this phase, Indian economy was transforming towards an era of information and knowledge. This can be seen from the fact that contribution of services towards the economy’s GDP was higher than 18% in 2001 as against in 1980. No other industry had done better standing against global competition. The annual exports had always been over 50% over a decade. U.S.A. share represents highest with 61% and about a third of Fortune 500 companies outsource their software work to India. To foster development, Indian government has taken a number of steps like liberalization of policies and providing necessary capital and infrastructure to foster growth. Thus Indian environment has been conducive for growth. (Ref: Indian Embassy.org) Competitor analysis- The market for IT industry was fairly competitive with IBM and Accenture as global leaders and rest of the market was pretty diffused. IBM and Accenture had strong brand and a global presence with a large customer base. They also offered panoply of services viz. technology implementation, business consulting, offshore services, customer relationship management etc. Both offered breadth and depth of services. IT market in India offered technical and business consulting with Tata Consultancy Services which was the market leader in IT exports and Wipro Technologies and Infosys being other major market players. TCS offered consultancy services, IT services, asset based solution etc. Wipro was third largest IT provider with service offerings in IT consulting, software solutions, BPO etc. Both had a strong global presence. Intensity of Rivalry: Rivalry amongst competitors was pretty intense as can be seen the Indian competition caused IBM to increase their presence in India. However leaders like IBM and Accenture had a wide range of service offerings so competition was only amongst few sectors. Rivalry was to hire the top talent as human capital is the most important thing in the IT sector. This is the reason that attrition rate lead to a rise in pay packages.
In the past few decades, one field of engineering in particular has stood out in terms of development and commercialisation; and that is electronics and computation. In 1965, when Moore’s Law was first established (Gordon E. Moore, 1965: "Cramming more components onto integrated circuits"), it was stated that the number of transistors (an electronic component according to which the processing and memory capabilities of a microchip is measured) would double every 2 years. This prediction held true even when man ushered in the new millennium. We have gone from computers that could perform one calculation in one second to a super-computer (the one at Oak Ridge National Lab) that can perform 1 quadrillion (1015) mathematical calculations per second. Thus, it is only obvious that this field would also have s...
Information technology (IT) is the application of computers to store, study, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered a subset of information and communication technology(ICT). Current IT in use at most of the cooperative banking industry
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
Throughout the years, the technology available has increased drastically. Technology has evolved from the things that were once seen as unbelievable and mindboggling, to common everyday devices and some of which are now a part of us. Thanks to technology we are able to examine and solve problems now that were only a dream to many scientists 25 years ago. As we have increase our ability to use these devices, the developments and progress in artificial intelligence and molecular technology have created a new form of technology; Nanotechnology.
IT is a multi-billion dollar industry which is, according to the American Heritage Dictionary (2005) "the development, installation, and implementation of computer systems and applications. The U.S. Department of Commerce identifies the information technology workforce more broadly. In a report on information technology, the Department defines workers in information technology occupations as those who design, manufacture, operate, maintain, and repair information technology products and provide related services across all industries. The men and women in the IT industry have care...
The field of electrical & electronics engineering has always fascinated me. I picked up the rudiments of electronics field and electrical engineering. The reason for choosing Electronics and Communication stream was not a hasty decision. My interest started developing in the early stage of my life, when I studied about the invention of computers, moreover about its large size. The transformation from the large size to small palmtops enticed me to know about the factors that are responsible for making computers, also the electronic gadgets so small. I was taken aback after seeing a small chip for the first time in my school days, furthermore when it came to my knowledge that this single chip contains more than 1000 transistors, it really became impossible for...
...l the information needs of the organization can be met by a comprehensive information highway, available to all internal and external stakeholders. The vision is to improve personal productivity at all levels by the effective use of this technology. An attempt has been made to develop a road-map for the future growth of IT in Indian Railways. Conditions today are ripe for them to obtain the benefits of IT, since general awareness of the technology is high, and its benefits have been proven. A commitment to utilize the Human Resource and IT appropriately in the organization already exists. Funding has been increasing this year, and should not be a major constraint in the future. Therefore the organizational thrust should be to ensure that the resources human as well as technology are allocated wisely, in a planned manner, the vision concretized, and followed through.
A significant and fast growing internet population of India (as observed in the IT Sector study), is an indicator of this sector’s huge growth potential in India. But still, approximately, the Internet penetration in India is 19% as of December 2014 (Internet Live Stats) which is low and more internet penetration will result in a better market for e-commerce in India.
The Impact of Information Technology on Individuals, Society and Organizations Information systems and information technology are important in supporting, maintaining and enriching many aspects of livings. They bring benefits to lives of individuals, operations of business and the functioning of society but there are also drawbacks associated with technology and information system. Both good and bad impacts of information system and technology to individuals, organisations and the society will be discussed in detail in the following paragraphs.
Computers are changing the world as we know it, and they offer an exciting new way of working. The news represented a complete turnaround for the corporate giant. Microsoft Chairperson, Bill Gates publicly announced his company's new connection to the Internet. The announcement rang through the nation. Gates has consistently ignored the Internet in favor of desktop computing. So, with Microsoft's approval, computers kicked into even higher gear . The pace of innovation continues to astonish even those involved from the start. If one wants to find enthusiasm, intellect, hard work, and imagination; then computers is the place to be .