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Role of Information Technology in Business: Doc

   

Added on  2021-02-20

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INTRODUCTION TO INFORMATIONTECHNOLOGY
Role of Information Technology in Business: Doc_1

ABSTRACT Information technology is most commonly used tool in organisation which helps businessin developing their coordination with consumers and raising productivity of the firm to greatextent. But due to increasing cases of security leakage firms are losing their consumers whichcreates threat for these enterprises. Firms are required to take necessary actions such as usingeffective protection system etc. to protect the data of consumers and confidential detail ofbusiness as well. This can give better results to organisation.
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TABLE OF CONTENTSABSTRACT ...................................................................................................................................2INTRODUCTION...........................................................................................................................1Purpose.........................................................................................................................................1Background..................................................................................................................................1LITERATURE REVIEW................................................................................................................1The role of it in success or failure of organisation.......................................................................1Ethical and social issues of using IT. ..........................................................................................2Different types of network technologies......................................................................................2Role and importance of internet and intranet in business............................................................3Different stages of system development life cycle. ....................................................................4Analysis and discussion...................................................................................................................5CONCLUSION ...............................................................................................................................7REFERENCES ...............................................................................................................................8
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INTRODUCTIONPurposePurpose of this study is to analyses role of IT in business and its impact on working oforganisations.BackgroundInformation technology is the use of computers in storing, retrieving and transmitting andmanipulating data. Lloyds TSB is located in London. international investment bank and financialservices holding organisation. It provides all types of financial services such as personal loansand business loans (Rivard and Aubert, 2015). The study will highlight the role of IT in successand failure of organisation. Report will describe the ethical and social issues that impacts therunning of a business. Moreover, study also describes different types of networkingtechnologieS. The study also highlights importance of intranet and internet in banks. Role ofinformation technology has been greatly expanded. It is used almost by every organisation.Technology is used to store information, manipulate, distribute and assist in creating information.IT impacted the banks in being successful as use if internet in banks makes banking processfaster and reliable. By using internet maintenance and retrieval of information have becomefaster and convenient. Author further says that use of mobile banking one can access their bankfrom anywhere, transactions can be done by one tap. Internet has many advantages but somenegative impacts also as impact of technology results in loss of jobs in market as nowadays allthe work is done through mobiles and computers and manual requirements have been reduced.LITERATURE REVIEWThe role of it in success or failure of organisation.As per the view of Tarafdar, Gupta and Turel, (2015) information technology is the mostessential systems which contributes in success of organisation. Use of email and other social siteshelp in improving communication in Lloyds TSB which supports in reducing confusion atworkplace and mistakes are minimised to great extent. Waser and et.al., (2016) argued that IT is1
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