Introduction to Information Technology

INTRODUCTION TO
INFORMATION TECHNOLOGY

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
LITERATURE REVIEW................................................................................................................3
Information technology and its role in retail business.................................................................3
Network technologies and its types.............................................................................................4
Ethical and social issues of using technologies...........................................................................5
Importance of intranet and internet in business...........................................................................6
Different states of system development cycle.............................................................................7
ANALYSES ....................................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Information technology defined as the use of storage, computer, networking and other
kind of devices that aids to create, process, secure and exchange all forms of electronic data.
Therefore, IT termed out as to design and implementation of computer networks in terms to
undertake effective processing an communication of data.
The present report is based on the business activities of banking sector as Barclays Plc. It
is British multinational investment bank and this entity is engaged in financial services.
Furthermore, study will define the role of IT in success or failure of business. Thus,
issues in context of social and ethical will be defined in context to running businesses. Also,
significance of intranet and internet will be explained. Lastly, explaination will be given on
different states of system development.
LITERATURE REVIEW
Information technology and its role in retail business
As per the view of Bhaskar, (2016) technology has become the essential part of
organisation, use of advance IT tools aids business in conducting operations globally in
significant manner. Information technology (IT) can be defined as object or software that is used
by companies to record and manage all the necessary information that are essential to run
business successfully. In the recent time every big organisation has developed own IT
department that takes care of computers, technical equipment’s etc. and ensure that transmission
of information is done in systematic manner so that data can be protected.
According to Mohamad, Ramayah and Lo, (2017) IT plays the role of communicator in
retail companies, as enterprise has to circulate its information to all departments and also have to
aware all employees with necessary changes. Through IT tools firm maintain relationship with
employees, suppliers and other stakeholders. By using email firm can easily inform to investors
about progress of business. Use of social media helps in making video chats with employees and
consumers so that they can become positive towards brand and retain in retail firm for longer
duration. Milovanović and Gligorijević, (2017) argued that inventory management is another
role played by information technology. IT tools are helpful in managing stock, keeping good
records of all inventories. By this way issues related to over stock or lack of stock can be avoided
(Role of Information Technology in Business, 2019). Retail stores have to analyses market
demand and accordingly it has to maintain stock so that they can meet the demand. Use of