IT in Barclays Bank: Application, Ethical & Social Dimensions

This report provides an overview of information technology (IT) applications within Barclays Bank, a globally recognized financial institution. It begins with a literature review highlighting the crucial role of IT in gaining a competitive advantage, improving productivity, and securing business operations. The report then discusses various types of application software used by businesses, including Infosys Finacle, Oracle financial services software, web-based applications, and databases, emphasizing their role in enhancing user experience, managing data, and streamlining processes. Furthermore, it identifies and analyzes social and ethical issues related to IT implementation, such as individual privacy, harmful actions, access rights, identity theft, breakdown of communication, and online banking risks. The report also examines the impact of Information and Communication Technology (ICT) on business, focusing on cloud computing, business process technology, user satisfaction, information protection, and resource control. It concludes by summarizing the benefits and challenges of IT, underscoring its importance in modern business management. Desklib offers additional resources and solved assignments for students.

Introduction to
Information
Technology

Table of Contents
INTRODUCTION ........................................................................................................................1
MAIN BODY ................................................................................................................................1
Literature review : .....................................................................................................................1
Analysis and Discussion :-.........................................................................................................2
Discuss different types of application software that could be used by businesses.....................2
Determine the social and ethical issues and their significance while conducting a
business. .....................................................................................................................................3
Ethical issues :- ..........................................................................................................................3
Social issues : ..........................................................................................................................3
Discuss the effect of ICT on busines s :- ................................................................................4
describe the role of IT in assisting manager to manage business. ....................................6
Pros and cons of information technology :- ..............................................................................6
CONCLUSION .............................................................................................................................7
References:.......................................................................................................................................7

INTRODUCTION
The word information technology is commonly the utilisation of any computer and others
networking devices in order to make ,secure , save and exchange all the kinds of electronic
information. The field of details comprises of both computer technology and
telecommunication. This is also the comprises the utilisation of various kinds of networking
and storage devices which help in sharing the details and information in the IT which is
operated by an IT department. This have a great effect on the various functions of the
company (Flynn,2020). The promotion with in the details technology in the company helps
in growing their business and achieve the task with in the time duration. This report is
based on Barclays bank it is well recognised bank in global market. Its headquarter is in
London England founded in 1960. they deals as a private bank, commercial bank, investment
bank, and retail bank. This report will cover the concept of IT sector and its ethics and
social issues in current business. This assignment will also give Information
communication technology on the business and how it will assist the manages the business
concern.
MAIN BODY
Literature review :
In current era, IT is being considered as the crucial tool which assist the company in
enjoying the competitive benefit with in the economic structure. By using this not only
the productivity of the company of the industry has been increased but also assist in
securing. Time and money for them. It helps in managing the workers details and tracking
the process which is very important for the company. This technology is related to the
computing technology and networking sites also cover in the IT (Laamanen, , and et.,al.,
2018). Almost all the actions of the banking is related with the details because of which
they are able In providing their services all across the worldwide and all time. These
companies has majorly have three parts which are business software, data processing and
decision support. These factors help in improving various kinds of business and technical
skills which gives assorted job chances such as system analyser, web developer and many
others. IT not only pry of hardware, software, and networking. In relation of managing and
develop the computer network it is vital to improve a infrastructure which help a
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approaching and managing the details. This results in correctly utilised of these services in
all the areas of banking.
Analysis and Discussion :-
Discuss different types of application software that could be used by businesses
Application software is commonly a computer programme which are designed to assist
the particular in relation to act their activity. Various kinds of application software which
are used by the considered organisation has been discussed below :-
1. Infosys Finacle :- it is well recognised financial software for banking which help
the bank by giving, varied kind of services like technologies, liquidity needs like
core banking and many other. This application also aids the information analyst of
bank or also assist them in giving a user amiable and enterprise user relation
establishment stages (Xusanova, , 2018).
2. Oracle financial services software :- this is commonly an information technology
software which Is provided by Oracle corporation. This is a global banking suite.
Which gives Barclays an application for users view, capital fraud, and complete
management software that assist the several company in taking their services to
other phase.
3. Web based application :- it includes notes , calenders and personal details managers
as well as as numerous games. It may even outperforming tradition application
software as time passed away. Its benefits is that users no longer required to
upgrade application on hard disk with the availability of newer versions. Barclays
bank uses this software to allowing multiple users to edit the similar document
using a function as collaboration is other advantage feature of saving details.
4. Database :- it is a collection of relational details, which is an electronic instruments
of a setting cabinet. A data base management is a event for setting up or
collecting a data. It is used in company, institution and organisation of various types.
Here majorly three kinds of software majorly used in offices which are Corel
paradox, Microsoft approach and lotus formulation. A relational database is used
primly as data base structure. Barclays bank uses this software to manage the data
appropriately and secured way. This makes the data safe and secured in a proper
alphabetic manner.
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Determine the social and ethical issues and their significance while conducting a business.
It is prominently utilised by the company in relation to save, influence and collect the
details by having an operating system server. The details technology is becoming an
essential section of academic and wellness area. Because of the growth in the utilisation of
details technology this leads in major alteration in the interior installation of the society
which is being offer with unlimited details. Various kinds of the social and ethical issues
has been listed in below :-
Ethical issues :-
1. individual secrecy :- this Is being considered as the most crucial ethical challenges
in the field of information technology (Shi, , 2021.). This includes the infraction
and closing of private information of an individual with the use of network. The
details of individual is transferred in huge amount quantity in bulk quantity by
utilising the network in a very huge section. These are components the users of
having their personal operating system, software, hardware which is linked to each
others for operate the server by using network. In order to Barclays bank the
integrity or closure of the personal data is the prime issue which occur in the
details technology sectors.
2. Harmful actions :- failure in place, natural event in crucial information, unenviable
effect are some of the act which are through by exploitation Collection application. This
impinging in a very counter manner. It is stringently forbidden for an outside user to
utilize the personal information of the arrangement without their permission which leads
in the failure of individual message of the worker or the general public. These actions are
basically the basis of global destruction or the alteration of the data file which effect in
the transferred property of necessary data or content. In command to take away all these
noxious act the several company have to commit more time and attempt which assist
them in reduction the de-legacy form their scheme.
3. Access rights :- the approaching of the some rights Is also considered as the
most crucial issue for the IT companies in the improvement of technology. If a
person having an unofficial access over a particular network on the social platform
then this not only leads in the negative outcome in the improper action. In
current era the basic public establish focusing more on the electronic commerce
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and e payment this also become a serious issue for the governing bodies and
industry (Edastama, and et.,al., 2021,).
Social issues :
1. Identity theft :- it is being considered as the most crucial issue which are faced by
the users. Their personal data are utilised by the unofficial third party without their
consent for fraud just as by performing online payment . In order to the Barclays
various kind of privacy sources has been used by the organisation in relation to
neglect the unfair practices which is linked to their users and workers.
2. Breakdown of communication :- in the digital era, this is also the leading issue
which are developed because of the hard utilisation of data and their media.
The new production to connect on the social media rather then social assembling
by using movable inclination which gives provides access to their personal
details. This is also leads in reduction of family connection. In link to the Barclays ,
directly convey with their users. This leads in hold back effectual pass on with
them. Assorted trading operations has been manage by the institution by visit to
the branch office and done online.
3. Online banking :- this kind of services is almost provided by all the bank to
their users. In this transaction is access by them from their cell phone and all the
details linked to the account has been saved in the mobile application. It is also
leads in finance of the individualized data and money of client.
Discuss the effect of ICT on busines s :-
Various kinds of advantages is attached with the digital tool and this assist in growing
the digitalization with in the enterprise (Elbaset, and Ata, 2021) . The details
communication technology help the various operations with consider the data. These
actions comprises of collection, processing, saving and presenting data. The effect of details
and connection technology on the business has been listed below :-
1. cloud computing :- the explanation of cloud computing is very known in between
the various company as this assist them in developing their varied business in
order to capitalise on its capability manage the time and resources for the
company. If the concern want to attain all the objectives of the charge in very
impressive manner then they needed a better networking lines. This helps in
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growing their co action in the diverse services like gathering the information
virtually to the various units and saved the data In hardware.
2. Technology of business process :- details and connection assist in automating
each and every process in the business in a very effective ways. This is not only
leads in developing their efficiency but also assist in developing their operations in
operating. As well this technology with in the business organisation reduces their
activities value and save their names which leads in completion of all the projects
before the deadline. All the business activities like collection of user information.
Tracking the some process and billing and managing are completed in very
attractive manner with the aid of technology.
3. Giving satisfaction to their users :- this is most important as the most crucial
factor which leads in better in learnings for the users. This is the key which are
presented in front of the business which helps in satisfying their users by
completing the needs and wants. Linked to the Barclays bank the details and
communication technology assist the company in managing the effective
connection within the company which aids In resolving issues all the issues in a
very impressive manner (.De Ascaniis, and Cantoni, 2022). Access have been
given to the bank to utilise the social media stages . So it is affirm that the key
ingredient fir the success and growth of the concern is the satisfaction of buyers.
Assorted kinds of cloud based communication program help in growing the
satisfaction of users.
4. Protection of information :- large amount of data has been stored by the business
organisation in their data base and this is being considered as the most valuable resource
for the firm. Different types of issue is related to the data lose of data such as personal
data, banking transactions. It is very important for the Barclays bank to keep their data
safe and secure. They must have to use the right tools in order to protect the data of their
consumer by which they van promote the security of information. Access has been give
to the limited user by the virtual storage system to access the data which minimise the
hacking and keep the data secure.
5. Controlling of resources :- various kinds of resources has been acquired by the
company which access of financial resources, human resources and many others. It
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is very hard for big companies to manage their resources in an appropriate manner.
Various kinds of flexible solution has been introduced by the details and content
technology and because of this play a important role in tackling these resources in
a proper manner. In link of Barclays bank the consideration of business factors in
a correct manner. Enterprise resources planning assist In developing the
different procedure of the company. This help the management of the respective
organisation in order to use the series of application which operates and manage
various enterprise state (.Behera, . and Moazzam, ., 2022).
describe the role of IT in assisting manager to manage business.
It assist the company in determining the details in a very effective ways. The
director of the company use this in order to make strategy their business cycle as per the
information technology. Which aids the manager of the company in managing the business
has been listed in below :
1. Develop the company communication :- it assist the managers of the firm in
developing the communication with the organisation. Technology has been utilised
in the company by using various stages like mails, video chats. Company networks
and network in common. In relation of barclays, IT permits the administration of the
institution to effectively manage the practical assemblage with their employees and
customers all crosswise the universe . As well as this save the time of the organisation
additionally save the capital which they have to spent in moving other areas.
2. Impressive regular operations :- other crucial factor of IT which assist the
managers of the organisation is that aids in developing the effectiveness of the
business activities. By growing the organisational. The management can finish the
project in a very rapidly and low policy. In order to Barclays bank the
administration of the Industry perform this by utilising business software and
focus on company details. With this organisation utilise the assets management
software to count and check the quality (Andreoni, and Yip, 2020
).
3. Improved consumer learnings :- various kinds of information technology software
assist in developing the users services which assist the managers of the company
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in controlling their business operation. These application not only assist them in
communicating with their users with in the concern on its sites and through social
media, mails and custom instant messaging services. In order to Barclays marketing
techniques software has been used by the company in monitoring the earlier buying
of the user. This not only helps the company in sending the custom-make
promotion but also assist the in better meet to their users.
Pros and cons of information technology :-
The data and communication technology software which has been used by the barclays
bank which assist them in developing their various kinds of business offers in which they
work. Online operations like paying online, developing the the communication, with the
help of Emails which help in effective flow of details with the utilisation of technology. In
order to the bank by utilising effective technology with in the organisation the company
cam develop their connections with the customer
the negative views of information technology is that this needs huge investment as
well as time. In relation to improve the system of information technology the
management of the company have to invest large of funds in relation to manage the
technology with in the company. The e commerce sites of the company collect the personal
information of the individual with the aids of frauds. This also close the goods the goods
linked details which certain times badly effect on the company. Along this because of the
utilisation of technology unemployment ratio has also been reduced due to the utilisation
less human being (Alt, Human, and Neumann, 2020.).
CONCLUSION
It is concluded from above report that on the various actions of the organisation
details and communication technology has a huge effect. This is not only help the
company in making the communication network for the company but also help in securing
the data of company. This project stated that in in formation technology there are varied
kinds of software that are discussed in above task. This also concluded the various kinds of
social and ethical issues which are faced by the company and their significance in the
company. Information and communication technology make a huge effect on the
performance of the business as it offers cloud computing. Technology of business process
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and many others to the organisation just as effective regular activities, developed the
organisation communication and others which assist the managers of the consider
organisation in controlling their industry.
References:
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Empowerment in the Digital Age.
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