Impact of Information Technology on Business: Ethical and Social Issues, Computer Networks, and Artificial Intelligence

INFORMATION TO
TECHNOLOGY

Contents
ABSTRACT.....................................................................................................................................3
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Literature review..............................................................................................................................1
Analysis and discussion...................................................................................................................2
Impact of IT on business......................................................................................................2
Ethical and social issues that pertain to running business...............................................3
Types of Computer Networks with their impact on businesses.......................................5
Artificial intelligence............................................................................................................6
Advantages and disadvantages of information technology.............................................................7
CONCLUSION................................................................................................................................8
References........................................................................................................................................9

ABSTRACT
Information technology in the modern world is becoming an essential part of human life.
Information technology brings the various aspects into the organization in an effective and
efficient way, such as: B. Big data analysis, cloud computing. It helps to reach more customers
and new products can be introduced. With the help of IT, management is able to make decisions
and deliver satisfactory results to customers that create the strong relationship. Many
organizations face social and ethical issues related to information technology such as privacy,
protection of information, etc. The computer network is where the information is stored and
shared, including the types of computer networks such as LAN, MAN, WAN. Artificial
intelligence plays a major role in the organization, as tasks are carried out efficiently and
communication is improved.

INTRODUCTION
Information technology defines the use of computers and telecommunications equipment
to store, transfer, retrieve and manipulate data in a company. The information technology
involves the use of computers where electronic data and information is exchanged, stored and
processed. It involves the use of network and additional storage devices to exchange all forms of
electronic data. In a business context, information technology is a computer system that includes
all hardware, software, and peripheral devices which large IT users operates. The technology
term refers to the skills, approaches, process and techniques utilised in organisation for the
technical investigation and manufacturing of goods & services. In the business world the
technology provides the importance in completing the assigned time in the efficient time frame
(Alsunaidi, S.J. and Alhaidari, F.A., 2019). The advancement of technology in the workplace
enhances corporate operations through storing and distributing information and data, as well as
using technology-driven tools. The report is based on the HSBC Bank which is British
multinational investment bank and holding company of financial services in UK. The HSBC in
65 countries it has around 3900 offices founded in 1865 by Sir Thomas Sutherland. This bank
deals in the asset management, banking commodities, insurance, investment banking and many
more. The report discusses the business impact of information technology with the implications
of social and ethical issues. It also discusses the types of computer networks and artificial
intelligence to improve business.
MAIN BODY
Literature review
In today's world, information technology is an essential tool for increasing the
competitiveness of the economy. By saving time, money and effort with the help of information
technology, the productivity of the company is increased efficiently. The use of information
technology is very important for the company when it comes to maintaining employee files, the
flow of data and the tracking of processes. According to the 2019 technology trends, information
technology is associated with computer technology, with the Internet as an example being
summarized under the umbrella term IT (Baker, R.M., 2019). Information technology consists of
networks, hardware and software, with the data being transmitted and processed by
implementing and designing the computer networks. According to ND century code, for the
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