IT's Impact on Business and Society

The provided assignment details discuss the significance of Information Technology (IT) in modern business and society. It highlights how IT has transformed the face of doing business in recent years, with a focus on its applications in banking, healthcare technology, and social media. The assignment likely requires students to analyze and discuss the role of IT in these areas, its benefits, and challenges. The summary provides a brief overview of the topic, emphasizing the importance of IT in contemporary business and society.

Introduction to
Information Technology

Table of Contents
ABSTRACT.....................................................................................................................................3
INTRODUCTION...........................................................................................................................3
LITERATURE REVIEW................................................................................................................3
The major function of Information technology within the bank. ..........................................4
Various issues which are faced by operating the business activities.....................................4
Figure out the various difference in network systems............................................................5
Explain the importance of Intranet and Internet.....................................................................6
Describe the various stages of System development life cycle.............................................8
ANALYSIS AND DISCSSION......................................................................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

ABSTRACT
In the today modern world, internet have taken place due to the advancement in
information technology. It ensure that organisation runs effectively and all department are
performing their task effectively in a well defined manner. Hence the different division must
indulge in their activities properly which leads towards probability. Further it also help in easy
for organisation to function at the global level. Information technology has also made it faster
and easier than ever to operate business activity in a well define manner.
INTRODUCTION
It the method in which different computers, network as well as other electrical devices
process and create as well as secure all the electronic data. In other words it s the method of
making relationship between the machine in order to design the limited scope of function and
general purpose of the computing machine which help in doing various task in a well defined
manner. This report is based upon the Barclays plc which is British international investing bank
and fiscal services institution, headquartered in London. Further this report provide detail
information on role of IT in success as well as in failure. Along with this it emphasis on the
ethical and social issues while performing business activities. Beside this different types of
networking technology have been explained in a detail manner. There is detail discussion on
Intranet and Internet in the business. At last this report facilitate in providing detail information
regarding system development life cycle which help in expansion and growth.
LITERATURE REVIEW
According to the view point of (Bock 2019) Information technology is a set of tool and
process to collect the information from the various sources which growth and development. It
also include various function such as automation, multimedia and telecommunication which
make organisation work very easy . The growth of high speed network, and increasing power of
the computing world making the work of the employees more easy. The IT technology have
change the banking industry from paper to digitization. Bank who have capabilities to invest and
integrate the information technology have changes to become dominant in coming years. The
bank like Barclays plc management have to implement advance IT for expansion as well as

growth. Here are some IT roles in expansion as well as growth in the success and failure of the
Barclays plc.
The major function of Information technology within the bank.
The IT sector have become more sophisticated and they provide potential to fulfil the
demand of the customers in given time frame. The change in IT sector have brought banking
sector enormous impact on the employees as well as on customers. The IT allows delivering the
product and services more conveniently and effectively than ever before. Banking services
provide competitive edge by having a direct marketing and accountable marketing services to
their respective customers. The successful use of IT sector is that they provide self inquiry
facility for the consumers as they do not need to come bank for getting their bank statement. The
client of Barclays bank can check anytime their bank detail with the help of technology.
Nowadays there are ATM which are installed at every corner of the street from which customers
can get their cash any time. This has happened only by the advance growth in IT sector which
help bank to provide better services to their customers. IT provide Barclays bank MIS report
with the accurate data of customers. Further information technology help in avoiding the
duplication of entries which help in providing the accurate data which is useful in growth.
Failure of IT in banking sector is that person can not access the banking system due to
lack of internet. The major failure of the IT sector is the security theft as lost of hacking are
taking place which leads to the loss of the customers money which leads towards the failure of
the banking services.
Various issues which are faced by operating the business activities
Ethical issues in Banking sector :
As per the view point of........Ethical banking is the process of the evaluating decision
with honesty, integrity and with full responsibility. There must be principle of mutual trust which
help Barclays plc to maintain a healthy interrelationship with the customers. In ethical banking
there must be good intention of employees regarding the services which are offered to the
consumers so that a mutual trust can be generated among end users. Financial institution plays an
vital role in the supply and movement of the money. Here ethical issue comes with the various
theft such as corruption or violation of money. The banks like Barclays plc usually grant credit
facilities to different companies as well as people with the aim of taking interest and raising
capital in the financial market.

Social issues in banking sector have witness certain changes and also growing awareness
in field of investment, loans, rural banking as well as ethical banking. As the result of global
crises social banking have seen major downfall in recent years. Social banking focus on
satisfying the existing needs of the consumers which help in growth in the economic condition of
the country. It also take into account various factor such as social, cultural and economical
sustainability. The social issues have increasing day by day due to information technology has
the online crime, harassment have increased in recent years. It can be significantly more difficult
and time consuming process in online banking because some times it takes longer time in
deposits to be proceed and put into account.
According to the author (García-Izquierdo 2019) Security is one of the most significant
challenges for online banking markets the cyber criminal cases have become often nowadays
which leads to loss of money. Banking professionals in the online banking sector need to focus
on demonstrating and explaining the security of online banks to overcome this challenges. In the
case of Barclays plc the banking provide social services which consequently pursue as the main
objective of the contribution to the potential of all human being to grow and develop in the
future. Social banks focus on investing in the community providing opportunities for
development of ethical agendas. Social banks focuses on the triple principles which are profit-
people and planet. The social issue in banking sector is that they care about only making profit
which effect the life of the individual in a long run.
Figure out the various difference in network systems
Networking operating system is basically known as computer operating system which is
design primarily to support the workstation and personal computers in any sector of the
organisation. The software behind the system help allow multiple devices within the network to
communicate and share the resources with each other. Here are some common types of
networking system which are used in day to day life are explained below:
Local area network(LAN): A Local area network is used for the relatively short
distance. This is used mainly in the offices, school and homes contain a single network for the
people. The LAN network is typically owned, controlled and managed by the single person and
organisation. LAN tend to use certain connectivity with the help of the Ethernet and Token ring.
Wide Area network(WAN): As the term describe, this network used for the large
distance. A device which is connect to this network is known as they router which connects to

local as well as wide area of network. A WAN have an IP address which is directly maintained
by the router through which this network is connected. This kind of networking technologies are
uses in ATM , frame relay and X.25 connectivity in longer distance. Most of the WAN aren't
owned by the organisation but basically they are collectively or distributed under the ownership
and management.
Home networking: Banking use both LAN as well as WAN networking system which is
useful in controlling and managing. Banks like Barclays plc use home networking system and
WAN system in ATM . All computers on home LAN communicate directly but must grow
through a central network gateway mainly in a broadband router to reach ISP and beyond.
Metropolitan area network: A network of metropolitan are larger than than local area
network by smaller than the wide area network . This kind of technology are used in the city are
totally owned by the single entity such as government bodies or by large private corporation.
System area network: This kind of network are known as CAN which are used in high
performance computers with the help of high speed connection in a cluster configuration. Most
of banking as well as financial institution use this kind of connectivity because they have to
transfer the fund from various branches and sometimes internationally.
Explain the importance of Intranet and Internet
As per the view point of (Zhang 2019) the internet is method which help in connecting
the different employees across the world. With the help of internet the people can easily talk or
connect in no time. In other words it refer to the to the global communication system, including
hardware and infrastructure, while the web is one of the services communicated with the help of
internet.
Importance of internet in business
The internet have changed the market and also doing the business in recent years by the
help of the invention of digital marketing, internet banking and e commerce business model. The
internet tends to provide larger platform to the business communication and with the help of the
internet it has become ease to connect with the clients in no time. Companies are getting the
customers data and analyse there buying behaviour and create marketing strategies based on the
analyse. Internet have developed new ways of doing business. It provide powerful
communication and marketing tool where firm can easily attract their customers.

Internet is important to make business successful in banking sector. The financial
institution like Barclays plc are using internet services which help them to offer quality services t
to their clients. This help in providing greater benefits for the banking institution to develop a
business infrastructure based on the customers data and information.
Intranet
It is consider as the individual owned network which is mainly used by they company
and big firm for meeting day to day operational activities. Further this can be used for various
purpose such as video conferencing and connection with other employee working in
organisation. This help in increasing and improving the organisation capabilities in operating
business activities because it provide ease for employees to access the important information,
links, application as well as database for the organisation. Intranet also help in providing security
by establish the effective database that track and also maintain the all username of people who
are allowed to accesses to the network. A intranet requires a web server which is responsible for
managing all the request or the file which are hosted on the define server after that requested file
is identified and deliver to the appropriate computers.
Importance of Intranet in business
The intranet help in streamline everyday activities by making repeated task more feasible
which help in allowing the organisation to operate in systematic manner. It also help banking
institution to centralised and managing important information and crucial data in a single
database. This allow company to reduce the risk of data breach and any kind of information leak
in organisation. The intranet provide personalized content to employees based on their role
which is given by the company.
Further this also help in improving the internal communication by making employees
records in structured manner and also help in maintain the chart for the future activities so that
employees can perform their activities in a well define way. Along with this, intranet help in
improving the internal communication by having proper structure of customers record and also
help in easy access Barclays policies. This help in improving the banking culture within the
business with the help of the social intranet that built around people and focuses on participation
and interaction with employees as well as customers.

Describe the various stages of System development life cycle
This is the method which is used for planning, testing as well as developing the
information system through which organization can perform their task effectively in a well
defined manner. This system development life cycle applies to a range of hardware as well as
software configuration which help in maintaining the records of the organisation in a structured
manner. It is composed with the number of the clearly defined and distinct number of work
phases used by the organisation engineers and develop a plan for design, build and test the
development life cycle within the organisation. Here are the steps for the development life cycle
for banking sector which is explained down below:
Planning: This is the first phase in system development process which help in
identifying the new system to achieve the a new business objectives. This help in preliminary
plan for a company in which organisation can acquire the resource which are useful for making
sustainable business model.
System analysis and requirement: This is known as the second phase where business
will work on the change in organisation. In the context of Barclays plc the management can
make use of system analyses which help in figure out the needs of the end users and make sure
that new system meets the expectations.
System design: The third phase describe, in detail about the important specification
about the features and the operation which help in fulfilling the functional requirement of the
propose system that help in growth and development.
Development: The fourth phase is where the programmer and network engineer have the
major work. For the company like Barclays plc they have to develop the new network system
with the help of technology to provide better services to the consumers.
Integration and testing: This is the fifth phase where system is been checked and it is
normally carried out by the quality assurance to meet the initial business goals (Martin 2019).
For regards of Barclays there must proper testing must be done for verification and validation,
both of which will help ensure the program"s successful completion of implementation of
system.
Implementation: The last phase is the implementation of the software system. For
Barclays plc management have to make use of new system which help in providing new services

to the consumers. This also help in organisation to capture larger audience as well help in
expanding the business in a well defined manner.
ANALYSIS AND DISCSSION
It has been figure out that with the help of the computer and software it make sure that all
the business activities are done smoothly as well as effectively in company. With the help of
information technology business have the ability to change the view of global market. The major
advancement has been taken by banking sector, that consumers can credit or debit the money on
their phones.
CONCLUSION
From the above the mentioned report it has been cleared that Information technology
have changed the way in doing business in the banking sector. Further the different network
system such as LAN, WAN are used in banking sector for the providing better services to the
customers. Along with this system development cycle plays an vital role in implementation of
software which ease in doing business. It has been concluded that IT have changed the face of
doing in recent years.

REFERENCES
Books and Journals
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