Introduction to Information Technology

Introduction to
Information
Technology

Table of Contents
INTRODUCTION...........................................................................................................................3
LITERATURE REVIEW................................................................................................................3
Role of IT in the success and failure of business...................................................................3
Ethical and social issues related with running of business in technology..............................4
Differentiate between various types of networking technologies..........................................5
Importance of social media in business..................................................................................7
Stages of software development life cycle.............................................................................8
ANALYSIS AND DISCUSSION...................................................................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Information and technology refer to the effective use of technical devices in terms of
working effectively for the growth and success of business by considering several terms like
networking, internet connection, software and many more. For this, businesses tend to use
effective technology like innovation in terms of enhancing their management and operations
regarding their products and services (Rainer and et. al., 2020). With the effective use of
technology, they tend to get effective success and after misusing the result they tend to see
failure in their business. To carry forward this report, Barclays is considered which is a British
multinational bank and offer several financial services by classifying into personal, corporate
banking, wealth and investment management, headquartered in London. The report tends to
cover details regarding the discussion which is made on success and failure of business and
depict ethical and social issues concerned with running of company. It also tends to describe the
kinds of networking technologies, by describing the significance of social media by showing the
stages of software development life cycle.
LITERATURE REVIEW
Role of IT in the success and failure of business Decision making: Information technology effectively support the decision-making
process as there are several IT systems that prominently work for company to improve
their operations and management by helping the company to make the decisions
effectively (ugli Khurramov, 2020). For this, the suitable information system includes the
management information system, transaction processing system, decision support system
and so on that can be used in the decision-making process of business in an effective
manner. Marketing: Information technology effectively support the company within the
marketing and sales process as for this, marketing need creativity and innovation that
leads to represent the products and services of company (Fedorova and et. al., 2020). As
by this, they can achieve things with the effective use of technology by the marketing
team of company. IT tends to offer data interpretation which should be highlighted by the
company in order to target the suitable market area which is useful towards the loyalty of
customers.