Role of Information Technology in Barclay Bank

Project IIT

Table of Contents
INTRODUCTION...........................................................................................................................1
LITERATURE REVIEW................................................................................................................1
ANALYSIS AND DISCUSSION...................................................................................................2
Role of Information Technology in the Barclay.....................................................................2
Types of Networking Technologies that are used in Barclay.................................................3
Ethics and social issues faced by Barclay..............................................................................4
The importance of Intranet and Internet in Barclay...............................................................4
List and explain the different stages of system development life cycle.................................5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Information technology is a source of securing and keeping safe all type of electronic
data. It is also defined as the application of technology or utilizing technology for solving any
business related problems on a wider scale. Every organisation small or large, private of public
and national or international uses IT technologies for operating their business and storing all the
data (Schwalbe, 2015). This project is developed in concerned for Barclay Bank which is a
service sector organisation. It is a British international investment bank and financial service
provider which was founded in 1960 and headquartered in London, UK. The assignment covers
a thorough information about IT in general and in context of the organisation. Different types of
networking which are used by Barclay Bank are discussed. Moreover, importance of Intranet and
Internet is evaluated. And at the end, stages of system development life cycle is listed and
understanding is developed.
LITERATURE REVIEW
According to the view of Slyter (2019), Information Technology is a solution to many
problems of business by applying technology on a broad scale in all types of technologies. It is
basically related to computer and virtual world. It is source of exchanging, storing, securing,
developing and processing any type of information in huge quantity. Information Technology
has raised the business and practices when applied to retail sector as it provides ease to
customers. The customer service facilities has induced with the use of Information Technology
by the retailers, for instance, payment processes has become simple and faster, with technology
customers can make purchases online inducing the sales units of retailer and making things
available to people at their door steps. There are number of networking technology which are
present and are helpful for retail businesses.
In view of Bourgeois (2016), information technology is spreading widely and rapidly.
Their are around more than seven types of networking technologies which are being used today.
Few most commonly used networks are Personal Area network (PAN) which is wireless modem
and serves to one person or a house or a operator in an building, it is the smallest and most
common form of networking. Second is Local Area network (LAN), it is simple to use
connecting group of devices with very low voltage but in a small area. Another network is
Wireless Local Area network (WLAN) is similar to LAN but do not depend on any wired
1