Importance of Information Technology in Business and Individual Life

This presentation explores the importance of information technology in both business and individual life. It discusses the impact of IT on communication, innovation, and the use of social media. The presentation also covers the classification of computers based on functions and size. Overall, it highlights how IT has transformed the world economy and improved operational efficiency.

Power Point

INTRODUCITON
 Information technology has transformed the overall world economy. It has eased the
process of communication by creating a large network.
 Also, with innovation in technology many changes are occurring.
 Now, companies are more focused on implementation of technology in operations.
 It has resulted in increasing operational efficiency and developing new products.

TASK 1
Classification of com
On basis of functions
 Hybrid – they perform both analog and digital functions. they are more capable and
powerful than analog and digital. Complex problems can be easily solved.
 Digital – they only understand language of 0 and 1. they perform different business
functions and used in calculating logical problems.
 Analog- they read and process analog signals and is used in solving continuous business
problems.

Cont..
On basis of size
 Super – they are very big in size and most powerful computers. They can process and
calculate millions of data in nano seconds. It is highly used in solving complex problems.
For example- It is useful in research work like nuclear weapons testing, earthquake
mapping, etc.
 Mainframe- they are less powerful than super computer. They can process and do
calculations of thousands of data quickly. generally, it is used in big organization to process
and store large data sets. For example- Hitachi's Z800

Cont..
 Mini- they are used in the business purpose because they are capable for supporting the
many users like 4 to about 200 users simultaneously. It is smaller in size and are less
expensive. It contains many features of computer.
 Micro- these computers are for personal use and include several components like mouse,
keyboard, etc. it is basically used by individual and business. for example- laptop, PC, etc.

Cont..
 Embedded – these computers are designed for specific purpose and performs that task
only. For example – washing machine, oven, etc.

TASK 2
 Importance to individual
 Internet has provided a tool to people to communicate and connect to each other all over
the world.
 They are able to share and exchange information with each other. Moreover, with help of
internet people are able to learn and gain knowledge on different subjects.
 They can search information about anything. In addition, internet has enhanced the social
life of people.

Cont..
 It has saved time as well as cost. however, internet is used in financial sector. transaction
can be done online.
 In addition, individual can shop online 24/7 where they can compare products price,
quality, etc. hence, internet has modified their way of living.

Importance to business
 Internet has not only helped individual but also businesses. It has provided them vast
number of opportunities to grow and develop.
 The major advantage businesses have got is collecting large number of data and
information. with help of this, they are able to analyze it and identify needs of people.

Cont..
 Apart from it, internet has become a major source of innovation. by using internet business
are
 Moreover, internet has helped in creating a communication channel to promote products
and services at global level able to install application and software in operation.

TASK 3
Use of social media in business
 With evolution of social media, the way of communication has been completely
transformed.
 It is playing crucial role in attracting customer and increasing sales of business.
 It has eased the process of communication enabling people to share their views, opinions,
etc. freely and openly

Cont..
 Alongside it, social media is used as platform to advertise products in effective way.
 Businesses have developed pages on networking platforms such as Instagram, Facebook,
You Tube, etc. with help of it, they are able to promote their products and services in wide
area. It has supported in attracting more people.

Cont..
 Another use of social media is it is used in developing relationship with stakeholders. It
has led to collecting in crucial information about market condition, needs, etc.
 Thus, it has benefited in developing strategies and taking effective decision.
 Alongside it, social media has assisted in solving customer problems by giving real time
solutions.

Cont..
 Business are able to retain their customers. companies are easily able to reach target
population and attracting them to buy goods.
 Furthermore, providing services via social media firm are able to satisfy their customers.
this has saved cost and time through which return on investment has increased

REFERENCES
Books and journals
1. Eason, K.D., 2014. Information technology and organisational change. CRC Press.
2. Mason, R.O., 2017. Four ethical issues of the information age. In Computer Ethics (pp. 41-
48). Routledge.
3. Noble, D.D., 2017. The classroom arsenal: Military research, information technology and
public education. Routledge.
4. Alsmadi, I. and et.al., 2018. Introduction to Information Security. In Practical Information
Security (pp. 1-16). Springer, Cham..
5. Cleary, P., 2017. Introduction to Accounting Information Systems. In The Routledge
Companion to Accounting Information Systems (pp. 25-34). Routledge.
6. Stein, M.K. and et.al., 2015. Coping with information technology: mixed emotions,
vacillation and non-conforming use patterns. Mis Quarterly. 39(2).