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Information Technology in Banking Sector PDF

   

Added on  2021-02-21

11 Pages3226 Words103 Views
Individual Report1

Abstract: This report has described all details of information’s technology which are being used bymany organizations or smoothing their operations. It also describes the importance ofintranet and internet along with different types of networking. Information technology haspotential to continue to dramatically transform how companies work and live.2

Table of ContentsAbstract:2INTRODUCTION4TASK4Role of IT in the success and failure of an organization4Ethical and social issues that pertain to running business5Differentiation between different types of networking technologies6Importance of intranet and internet in your business8Explanation of different stages of system development life cycle9CONCLUSION10REFERENCES113

INTRODUCTIONInformation technology can be defined as a process and way of using computers for storing,transmit and sending information’s (Schwalbe, 2015). This individual report is based on HSBCwhich is a British multinational investment bank and financial service holding company. Itsheadquarter is in the United Kingdom and established in the year of 1865. This report is going toshow some importance and s=disadvantages of information technology in the context of HSBCwhich helps it in its success and failure of business at some stage. There are 3 types ofnetworking like LAN, WAN and MAN which have several features. It will also show differencebetween internet and intranet and their increasing importance for businesses. Both have quitedifference as per the accessibility and scope. Lastly, this report will show some stages of systemdevelopment life cycle in the context of HSBC like analysis, design, developmentimplementation etc.TASKRole of IT in the success and failure of an organizationInformation technology is all about computer based information system which includesdesign, implementation, development as well as management of all activities. By making aneffective use of computer to store, retrieve and manipulate information’s an organization makeits business more successful and all activities easiest. In the context of HSBC bank of UK it canbe said that this bank also focusing on using and developing information technology in itsbusiness.Success of business: It belies that information technology consists of a series of communicationand interaction between organizations, people, hardware, data and social environment. Allconnected technologies of information’s have made it more able to make growth and success(Mocetti, Pagnini and Sette, 2017). In the success story it is also stated that it makes it able tocommunicate and reach to its all potential customers. It saves it and customer’s times as well ascost. It has also used some strategies related to information technology such as Cloud firststrategy which helped it out in some manner which are described as follows:Delivering improved capability: With the help of cloud servicing provider technology,it has made it able to deliver services to customers of equivalent speed, cadence, cost and quality.4

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