Impact of Information Technology on Business Operations of HSBC Bank

IIT
Impact of Information Technology
on business operations of a <Your
chosen business>
I
1 | P a g e

Abstract
Information technology is assists in building and growing the commercialism and
business sector and generating the maximum possible result. Time period taken by
various sectors for the generation of a business is now lessened with a betterment in
an information technology. Information technology in the business is very useful as it
is that application which is in use for storing, studying, retrieving, transmitting and for
the manipulation of data or information which is in consideration of a subset of
information and communication technologies.
2 | P a g e

Table of Contents
Abstract.............................................................................................................................2
Table of Contents...............................................................................................................3
1.Introduction.....................................................................................................................4
2. Literature Review...........................................................................................................4
2.1 Application Software and their types.....................................................................................4
2.2 Ethics and Social Issues of using technology in general..........................................................5
2.3 Impact of ICT on businesses...................................................................................................5
2.4. Role of IT in businesses in general........................................................................................6
3. Analysis and Discussion..................................................................................................6
3.1 Application Software and their types in selected business.....................................................6
3.2 Ethics and Social Issues of using technology in specific to the chosen business......................7
3.3 Impact of ICT on selected business........................................................................................7
3.4. Role of IT in selected business..............................................................................................9
4. Conclusions...................................................................................................................10
5.References...........................................................................................................................11
3 | P a g e

1.Introduction
Information technology is all about a sector of business which is dealing with the computing,
involves hardware, software and many more which is included in the transmitting of data or
the system that is facilitating the communication. There are various individuals with the
variety of jobs and different accountabilities to keep all the networking’s up and secure.
HSBC bank has been taken as a base firm which is a British international investment bank
and holds finance service company. It is founded in 3 March, 1865 by Sir Thomas Sutherland
which is serving around millions of consumers (Rahmelina and et. al., 2019). This file covers
different application software’s which are in the use of business and ethical and societal
problems which are important in the digitised world. This will also cover Information and
communication technology which makes a firm more effective to consumer requirements
and role of information technology in aiding managers to manage the firm.
2. Literature Review
According to Yadav and Badal, 2020, Information technology is very useful nowadays in each
and every sector of the business as technologies are playing a major role in the business
sector whether it is a bank or a firm or any of the government sector. Nowadays all the
things are performed with the use of software or technical devices to do any of the task in
an ease manner. It may involve various types of application software with some of the
issues also which can be ethical or social. But still this is crucial for the whole world to do all
the work in an ease manner (Yadav and Badal, 2020).
2.1 Application Software and their types
An application software is a program of a computer which is designed to assist all the individuals to
perform various activities. This is a program which is made for the end user that permits an
individual to do all the work on a computer. There are various types of an application software
described underneath as:
Graphics Software: It will permit an individual for the editing or for making all the modifications in a
pictorial information or pictures (Zhou and et. al., 2022). It is using this in various common things
for all the individuals like editing, digitised photos, creation of logos and many more by offering a
variety of features in this.
Word Processing: It is used in formatting and manipulation of text and so it is used for the creation
of letters or documentation. It increases the effectiveness and accuracy of workers as it corrects all
the common mistakes in an automatic manner to increase the speed.
Spreadsheet: It is used to perform all the calculation in which all the information is stored in a
tabular format. It is important as an accounting tool for them to collect and to make a categories of
data in a logical way.
4 | P a g e