Role of Information Technology in Businesses: A Case Study of HSBC Bank

ABSTRACT
Information technology (IT) is helpful to maintain & retrieve the specific information &
data through computers & other electronic gadgets. In this modern generation, information
technology playing an essential role in various field like businesses, foundations, corporation &
institutions. Information technology is beneficial to maintain each & every activities of the
individuals and make their life more suitable and convenient. It is necessary for the people &
organization, to address all the issues so that companies can effectively maintain it is a
consideration. There is involvement of numerous kinds of networking technologies such as LAN,
WAN & MAN which are helpful to transferring the specific information with proper range on
particular areas. This report discuss about artificial intelligence and how it is important to
maintain the information technology for the development of the businesses. This report also
determined software development life cycle and discuss various stages which can useful to
maintain the specific software applications.
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Table of Contents
ABSTRACT................................................................................................................................................2
INTRODUCTION.......................................................................................................................................4
LITERATURE REVIEW............................................................................................................................4
ANALYSIS AND DISCUSSION...............................................................................................................5
Role of Information technology in the success of business......................................................................5
Ethical & social issues that pertain to the information technology..........................................................6
Various types of networking technologies.............................................................................................7
Development in the Artificial intelligence...............................................................................................8
Stages of the software development lifecycle.........................................................................................9
CONCLUSION.........................................................................................................................................10
REFERENCES..........................................................................................................................................11

INTRODUCTION
This time is all about technologies & internet, the role of information technology is
increasing very rapidly and taking place in everyone's life. With the help of information
technology, people can effectively perform their daily activities in a more suitable way.
Basically, information technology implements all the software & hardware applications in order
to develop, support, execute and maintain each and every operation of the people & businesses
(Alsmadi and et. al., 2018). The main aim of this report is to discuss about information
technology related to the HSBC Bank , which is multinational Bank of British & financial
provider founded in 1836 & headquartered in London , UK. This report will determine the role
of IT for the growth of the businesses; discuss social & ethical issues experience by the
businesses, various types of networking technologies, artificial intelligence & stages of software
development life cycle.
LITERATURE REVIEW
According to Vivek Patil ( 2020), defined that information technologies utilize is specific
components related to the computer network and internet connectivity all these devices are
helpful in storing, executing, exchanging, securing & processing all the information. Businesses
use this so that they can improve their performance to gain more competitive advantage as
compared to their competitors. Telecommunication & technologies both are essential for the
commercialization of goods & services.
According to the Nikki La Marco, ( 2019), revealed that this modern era, all the business
activities come on online platforms so that companies are operating trade activities with the help
of social media channels like a website, Facebook, Twitter, Instagram, YouTube & many others.
All these social marketing platforms are beneficial in promoting, buying, selling & delivering
activities. Online platforms are also beneficial to conduct proper communication between the
organization & customers so that bacon effectively provides their feedback and clear their doubts
for a particular products & services. .