Benefits of ICT for the Economy

Running head: BENEFITS OF ICT
BENEFITS OF ICT
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1BENEFITS OF ICT
Table of Contents
Introduction....................................................................................................................2
Discussion......................................................................................................................2
Importance of ICT in economy..................................................................................3
Conclusion......................................................................................................................6
References......................................................................................................................8

2BENEFITS OF ICT
Introduction
This report aims to discuss the topic Benefits of ICT to the economy. A brief
discussion of ICT is provided in this report. The benefits that are provided by ICT to the
economy of a country is briefly discussed in this report. Lastly, this report concludes with an
appropriate conclusion for this report.
ICT or Information and Communications Technology refers to the technology that is
used for handling broadcast media, telecommunications, audiovisual processing, intelligent
building management systems, and monitoring functions and the network based control
(Bilbao-Osorio, Dutta & Lanvin, 2013). Recently, the field of ICT has been used for
describing the integration of various technologies and the utilisation of mutual transmission
lines that are transmitting dissimilar data and the types of communication and formats.
Discussion
The field of ICT is the extension of information technology that focusses on the role
of the combined communications and the integration of telecommunications, computers and
the necessary software, storage, systems of audio and video, and middleware that enables the
users to store, access, manipulate, and transmit information. Integrating the technologies that
can be used for exemplifying ICT includes the convergence of telephone, audio-visual and
the networks of computer using a mutual cabling system (Vaishnavi & Kuechler, 2015).
Phone, television services, and Internet is commonly provided by the ISPs (Internet Service
Providers) to the businesses and homes via single optical cable. By eliminating the networks
of telephone has offered huge economic benefits for implementing the integration that
eliminates several costs linked with the servicing, maintenance costs, signal distribution,
cabling, and user installation.