Impact of Information Technology on Business: A Case Study of Barclays Bank

INTRODUCTION TO
INFORMATION
TECHNOLOGY

Table of Contents
ABSTRACT.....................................................................................................................................1
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
Literature review .............................................................................................................................2
Analysis and discussion .................................................................................................................3
Impact of IT on business.............................................................................................................3
Ethical and social issues that pertain to running business...........................................................4
Computer Networks and their types with their impact on businesses........................................6
Artificial intelligence..................................................................................................................7
Advantages and disadvantages of information technology ............................................................8
CONCLUSION ...............................................................................................................................8
REFERENCES..............................................................................................................................10

ABSTRACT
The information technology is becoming the essential part of individual's lives as it helps
in bringing several aspects in an organisation such as cloud computing, data analytic etc. It helps
in attract the large group of potential customers by which they can rightly sale their product in
the large market. It also helps in taking effective decisions and provide satisfactory results to the
customers by which they can build strong bond with their potential buyers. Organisations are
facing ethical and social issues which are pertaining t information technology and includes
protection of information, privacy etc. there are various networks by which the information is
being stored and connected such as LAN, WAN, MAN. Moreover, The artificial intelligence has
the significant role in the organisation which helps in improving the communications.
1

INTRODUCTION
Information technology is the use of any computers, networking and other physical
devices, infrastructure and processes to create, process,store, secure and exchange all forms of
electronic data. In the commercial field, IT encompasses both telecommunications and computer
technology. It also involves the use of networking and other storage devices n order to exchange
the data and the information in the form of electronic data(Wang, Kaushal and Khullar, 2020).
The information technology is the computer system which includes all software, hardware and
peripheral equipment's which is being operated y the IT users. It also helps in having the great
impact on the functionality of the business as it refers to the skills, process and techniques which
is being used for the scientific investigation and production of products and services. the overall
advancement in the technology helps in improving the business operations and accomplishment
of the given task on given time. Barclays is the chosen organisation for this report, It is the
British multinational universal bank which is headquartered in London, England. It is the public
limited company which is being operated by the Nigel Higgins, chairman of the bank. They are
operating in commercial banks, investment banks, retail banking and private banks. The
company is founded in 1690 in the city of London. This report will cover the impact of
information technology on business and also analyse the social and ethical issues which are
existing in the business environment. Moreover, It will evaluate the different types computer
networks and their impact on business. Lastly, It will analyse the advantage and disadvantage of
information technology and Artificial intelligence.
MAIN BODY
Literature review
In current time, information technology is the essential tool which helps in meeting the
competitive edges in the economy. With the effective use of the this, the productivity of the
company can be enhanced with the efficiency by saving time, efforts and money. In maintaining
the employee data and record and tracking the process which the use of information technology
that is very vital for the company (Wang, Teo and Janssen, 2021). This technology is related to
the computing technology which also covers the internet as an example that comes under the
Umbrella term IT. The information technology is available to the ventures and customer 24*7
across the globe related to the banking activities. Such companies is having the three basic parts-
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