Impact of Information Technology on Standard Chartered plc

Introduction to
Information Technology

ABSTRACT
The information technology is essential in both work place and activities related to daily
life's. The idea of designing, implementing and evaluating makes the computer system
imperative by the interaction with human and computer systems. It provides the potential to the
companies for reaching to more customers and new product, services are introduced with
innovativeness. The standard of society is improved by the evolution of information technology.
The better decision is taken for organisation which gives satisfactory results. The report is based
on Standard Chartered plc which shows the impact of IT on business and facing ethical, social
issues. The bank also focus on network technology which helps in communication and sharing of
resources. The report has also shown the efficiency of artificial intelligence in bank which helped
in the growth and improved the productivity by working with more accuracy.

Table of Contents
ABSTRACT ....................................................................................................................................2
INTRODUCTION...........................................................................................................................4
Literature Review ............................................................................................................................4
Information Technology and its impact in service sector businesses........................................4
Ethics and Social Issues of using technology ............................................................................5
Computer network, and its types................................................................................................5
The Artificial Intelligence with its importance...........................................................................6
Analysis and Discussion..................................................................................................................6
Impact of Information Technology.............................................................................................6
Ethics and social issues...............................................................................................................7
Types of computer network........................................................................................................9
Impact of Artificial Intelligence................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES:.............................................................................................................................12

INTRODUCTION
The concept of IT is a postulation of telecommunication and computers equipments
where data is saved, recovered and manipulated in the context to business. It is an equivalent
word for computer network. The professionals demand in this field is having high growth and
people are entering for developing their career paths. It is best known technique for processing
information at fast pace and for decision making statistical and mathematical models are applied.
The technology term is associated with scientific investigation comprising of skills, methods and
process by organisation and for their manufacturing of products & services (Alsunaidi, S.J. and
Alhaidari, F.A., 2019). The report is prepared on Standard chartered plc which is an British
multinational banking and financial service company founded by James Wilson in 1853. Its
headquarter is located in London, England operating 1200 branches and outlets crosswise more
than 70 countries. It provides the services of credit cards, consumer & corporate banking,
mortgage loans, investment banking etc. The report covers the impact of informational
technology , importance of social and ethical issues. Further, different types of computer network
and impact of Artificial intelligence is being discussed.
Literature Review
Information Technology and its impact in service sector businesses
The IT can be said an computer or communication system which includes hardware,
software and peripheral devices which is run by large IT users. The competitiveness of the
economy is enhanced by considering an IT as a significant instrument which helps in saving
time, money and efforts to make productivity effective. According to ND century code, IT
manages & deliver the data and information by using voice, data and video. It involves the
designing and implement ion of computer network for processing data and communication.
According to Attaran 2003, information technology is refers to capabilities provided to business
through computers, software applications for processing and delivering information, knowledge
etc. the technical and business skill development is assisted by the three essential parts of
computational data processing, business software and decision support (Baker, R.M., 2019). The
IT enhances the company growth by penetrating into new market for being innovative and
creation of new goods & services. The economy performance is outstanding with the emerging
of internet and technology which helps in exchanging the data by use of electronic devices.