Report on Information Technology (PDF)

   

Added on  2021-02-19

11 Pages3480 Words60 Views
INDIVIDUAL REPORT
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Abstract-It has been described in this report that organization use IT in order to run each functionseffectively. Information technology is process of storing and gathering different kinds of data inform of text, numerical and picture information. Computer based technology implement bybusiness that make drastic change in organizational structure and open new ways that drive themtowards success. It has been explained that company use internet in organizational structure forcollecting more information about consumers and also for commercial purpose.
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Table of ContentsINTRODUCTION- .........................................................................................................................4LITERATURE REVIEW- ..............................................................................................................4IT role in success or failure of HSBC bank in banking sector.....................................................4Ethical and social problems that relate to running business........................................................5Different types of networking technologies differentiation.........................................................6Importance of internet and intranet in company..........................................................................7Different stages of system development life cycle......................................................................8ANALYSIS AND DISCUSSION- .................................................................................................9CONCLUSION- .............................................................................................................................9REFERENCES .............................................................................................................................11
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INTRODUCTION- Information technology is development, support, design and management of computerbased information system- especially computer hardware and software applications. It is use ofcomputer to retrieve, store, manipulate and transmit data, in context of business. It consideredas procedure of making use of different technologies of computers to take amendedtechnological advancement (Hills, 2018.). In short, IT purpose is to cater better information andservices. The present report is based on HSBC bank, it is a British multinational financialservices holding organization and investment bank. It is one of the largest bank in Europe and 7thbiggest firm in the world. This study explain role of IT in failure or success of business, socialand ethical issues that faced by company and different kinds of networking technologies.Furthermore, it justifies significance of internet and intranet in organization and define differentphases of system development life cycle. LITERATURE REVIEW- IT role in success or failure of HSBC bankAccording to Alalwan and et.al., 2016 Information technology is defined as process ofmanaging information and data by using computer software and systems effectively. It includesutilization ad application of information tools so that help company to stored their data andtransferred essential info from one location to another. IT is all about the uses of software,hardware , services and another supporting systems for conveying, retrieving and storing datawhenever needed. Information technology play crucial role in success of business as it helps toprovide services related to banking efficiently. It contribute to improve organizationalcommunication, technology is use in business mostly for communication through platforms likeas email, conferencing software, firm internet and intranets in general and video chat(Hanafizadeh and et.al., 2014). When HSBC use information technology they can hold virtualmeeting with consumers and their staff around the world without having to spend money as wellas time on travel. Through video conferencing, they can solve issues of people and retain themwith business for longer that helps in success of company. IT has support firm and their workersin more efficient management, to conceive their complexity, generate new services and toinquire about specific issue. As argued by Martins, Oliveira and Popovič, 2014 Informationtechnology role in HSBC is to improve operations efficiency which helps in success of firm andsustain it for long time within banking sector. This often happens with support of centralized
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