System Development Life Cycle Stages

Information Technology

ABSTRACT
Information Technology has got various application within the various services industries
and has become the modern requirement for carrying out business operations. It can serve for
many benefits in any industry which can help the company to achieve its objectives and gain
higher profitability. IT can help the organisation in achieving the success or failure of business
and what are the ethical and social issues for running a business. There are different types of
networking technologies which can be used by organisation in order to improve its business
operations. For any business to operate it has to face various ethical and social issues. Also, IT
can have both positive and negative impact on the business and its investment can bring both
potential benefit and drawbacks for the company.

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
LITERATURE REVIEW................................................................................................................1
Role of IT in success or failure of organization:..........................................................................1
Ethical and social issues that pertain to running businesses:.......................................................2
Different types of networking technologies.................................................................................2
Importance of internet and intranet in business...........................................................................3
Different stages of system development life cycle......................................................................3
ANALYSIS AND DISCUSSION...................................................................................................4
Role of IT System........................................................................................................................4
Social and ethical faced by banks in running business................................................................5
Networking Technologies and there types...................................................................................5
Business importance of intranet and internet...............................................................................6
System Development life cycle stages.........................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Information technology can be referred as the use or study of systems particularly
telecommunication and computers in order to collect, store, retrieve as well send information. It
includes the use of computers, networking, storage physical devices, process to create, store
process, secure and exchange the various forms of data. Nowadays, IT forms an important part of
any service sector in order to provide effective services to their customers. In this report, HSBC
Holdings Plc is taken as service organization, which is a British multinational investment bank as
well as financial holding company. Present report discusses role of IT in success or failure of
organization, the social and ethical issues which pertain to operations of business. This report
also differentiates different types of networking technologies and also includes the different
stages of system development life cycle.
LITERATURE REVIEW.
Role of IT in success or failure of organization:
As per the views of Keil, Friedrich and Doppelfeld, (2018), Information technology plays
an important role in the functioning of the banking industry. For improving the experience of the
customers in banking, information technology develops the software and applications of the
bank. Information technology manages the infrastructure of the bank and also supports the bank.
Banking industry organize various transformation programmes by using information technology.
Use of technology makes banking easier, faster and better because they wanted to keep
customer's money safe and secure their data. Information technology plays an important role in
the success of the business because it gives facility of internet, world wide web and web browser
which connects the company with their customer across the world.
Ethical and social issues that pertain to running businesses
As elucidated by Nicholls and Paul, (2015), ethics are the rules of right and wrong
depends on the behaviour of the people most of the organization uses code of ethics it says that
the individuals is responsible and accountable for their course of action. In present time every
company wanted to balance the issue of technology with right to privacy, information and
security. All businesses face various ethical issues like file sharing, information security,
maintain the privacy of employees with the monitoring employees. Information technology have
very intense effect on increasing various new ethical and social issues which effect the social,
moral and political levels. When ethics of technology is measured towards the computer science,
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