Introduction to Information Technology -  British international

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Introduction toInformation Technology
Table of ContentsABSTRACT.....................................................................................................................................3INTRODUCTION...........................................................................................................................3LITERATURE REVIEW................................................................................................................3The major function of Information technology within the bank...........................................4Various issues which are faced by operating the business activities.....................................4Figure out the various difference in network systems............................................................5Explain the importance of Intranet and Internet.....................................................................6Describe the various stages of System development life cycle.............................................8ANALYSIS AND DISCSSION......................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
ABSTRACTIn the today modern world, internet have taken place due to the advancement ininformation technology.It ensure that organisation runs effectively and all department areperforming their task effectively in a well defined manner. Hence the different division mustindulge in their activities properly which leads towards probability.Further it also help in easyfor organisation to function at the global level.Information technology has also made it fasterand easier than ever to operate business activity in a well define manner.INTRODUCTIONIt the method in which different computers, network as well as other electrical devicesprocess and create as well as secure all the electronic data. In other words it s the method ofmaking relationship between the machine in order to design the limited scope of function andgeneral purpose of the computing machine which help in doing various task in a well definedmanner. This report is based upon the Barclays plc which isBritish international investing bankand fiscal services institution, headquartered in London. Further this report provide detailinformation on role of IT in success as well as in failure. Along with this it emphasis on theethical and social issues while performing business activities. Beside this different types ofnetworking technology have been explained in a detail manner. There is detail discussion onIntranet and Internet in the business. At last this report facilitate in providing detail informationregarding system development life cycle which help in expansion and growth.LITERATURE REVIEWAccording to the view point of (Bock 2019) Information technology is a set of tool andprocess to collect the information from the various sources which growth and development. Italso include various function such as automation, multimedia and telecommunication whichmake organisation work very easy . The growth of high speed network, and increasing power ofthe computing world making the work of the employees more easy. The IT technology havechange the banking industry from paper to digitization. Bank who have capabilities to invest andintegrate the information technology have changes to become dominant in coming years. Thebank 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 theBarclays plc.The major function of Information technology within the bank.The IT sector have become more sophisticated and they provide potential to fulfil thedemand of the customers in given time frame. The change in IT sector have brought bankingsector enormous impact on the employees as well as on customers. The IT allows delivering theproduct and services more conveniently and effectively than ever before. Banking servicesprovide competitive edge by having a direct marketing and accountable marketing services totheir respective customers. The successful use of IT sector is that they provide self inquiryfacility for the consumers as they do not need to come bank for getting their bank statement. Theclient 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 customerscan get their cash any time. This has happened only by the advance growth in IT sector whichhelp bank to provide better services to their customers. IT provide Barclays bank MIS reportwith the accurate data of customers. Further information technology help in avoiding theduplication 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 tolack of internet. The major failure of the IT sector is the security theft as lost of hacking aretaking place which leads to the loss of the customers money which leads towards the failure ofthe banking services.Various issues which are faced by operating the business activitiesEthical issues in Banking sector :As per the view point of........Ethical banking is the process of the evaluating decisionwith honesty, integrity and with full responsibility. There must be principle of mutual trust whichhelp Barclays plc to maintain a healthy interrelationship with the customers. In ethical bankingthere must be good intention of employees regarding the services which are offered to theconsumers so that a mutual trust can be generated among end users. Financial institution plays anvital role in the supply and movement of the money. Here ethical issue comes with the varioustheft such as corruption or violation of money. The banks like Barclays plc usually grant creditfacilities to different companies as well as people with the aim of taking interest and raisingcapital in the financial market.
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