Impact of Information Technology on business operations of Barclays plc

Impact of Information Technology
on business operations of a
Barclays plc
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Abstract
Artificial intelligence is one of the major aspect of businesses in today's world. It is
important for the companies to make sure that they are implementing right artificial
intelligence technology in the right segment of their company. In this report, how Artificial
intelligence can impact the workings of businesses are given. Also the importance of social
and ethical issues are given. How social and ethical issues can impact the workings of the
business and the reputation of the company is given in this report. In this report different
types of networks that a company can use is given along with the suitability of the network
on the company according to the usage and the size of the company is given. In this report
the impact of artificial intelligence in enhancing the workings of the company is given. Along
with this an analysis and discussion is given in the end of the report.
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Table of Contents
Abstract ...........................................................................................................................................................3
INTRODUCTION................................................................................................................................................4
Literature review .............................................................................................................................................4
Impact of IT in helping businesses to enhance their operations..............................................................4
Importance of considering ethical and social issues, which are increasingly becoming significant in
the virtual world. Identify and discuss at least three issues to run businesses efficiently.......................5
Discuss different types of computer networks with their impact on businesses.....................................6
Impact of Artificial Intelligence (AI) in enhancing their businesses..........................................................7
Analysis and discussion ....................................................................................................................................9
CONCLUSION..................................................................................................................................................10
REFERENCES...................................................................................................................................................11
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1.Introduction
Information technology is defined as the use of computers, storage, physical devices,
processes as well as networks for the purpose of creating, storing, processing and
exchanging data is electronic form. Informational technology is used in business operations
and it encompasses the use of both computer technology and telecommunication
(Coeckelbergh, M., 2019.). There are specific information technology department is being
formulated by the organisation that ensures organisational system, networks, applications
and data to perform all functions in well defined manner with efficiency. The main purpose
of maintaining informational technology in business is creating effective communication
network within organisation, protect organisational data from any threat, help employees to
solve problems and creating and administrating database with the help of mobile devices or
computers in order to ensuring organisational efficiency and security of business
information.
In this report the chosen organisation is Barclays plc which is multinational universal
bank founded in 17 November McDonald’r, 1690 and headquarter situated in London,
England, UK. It provides financial products through retail banking, private banking and
commercial banking. The organisation is listed in London Stock Exchange as well as
constituent of FTSE 100 Index. The report covers impacts of informational technology and
importance of ethical and social issues that are important in virtual world. Furthermore,
different type of computer networks and artificial intelligence are mentioned in this report
that impacts business functions.
2. Literature Review
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