Analyzing the Role of IT in Barclays Bank's Development and Ethics

This report provides a comprehensive analysis of the role of Information Technology (IT) in Barclays Bank. It explores how IT contributes to the bank's growth and expansion, emphasizing the importance of ethical practices in building brand image and generating revenue. The report delves into various aspects of IT, including the use of internet and intranet to enhance organizational efficiency. It reviews literature on IT's impact on banking, including the shift to digitization. The analysis covers the role of IT in the success and potential failures of Barclays, ethical and social issues, and the different types of networking technologies such as LAN, WAN, and MAN. The importance of Intranet and Internet for Barclays' operations is discussed, along with the stages of the System Development Life Cycle (SDLC). The report also highlights the importance of ethical considerations, such as honesty and integrity, and social issues, including online crimes. Finally, it examines the various stages of the System Development Life Cycle and how they apply to the banking sector, including planning, analysis, design, implementation, and maintenance.

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Abstract
This report covers explain about the importance of the information technology which
help organization to develop effective method for growth and expansion. Along with this, IT
plays an vital role in development as well as growth of the company. For the company it is
important to have ethical practises as it help in making revenue and also develop the brand image
in the market. There various aspect such as internet and intranet for developing the efficiency the
organization.

Table of Contents
Abstract............................................................................................................................................2
INTRODUCTION...........................................................................................................................4
LITERATURE REVIEW................................................................................................................5
Identify the role of IT in success and failure of the Barkley ......................................................5
Discuss the ethical and social issues for running the business....................................................6
Identify the different between different types of networking technologies................................6
Explain the importance of Intranet and Internet.........................................................................7
Describe the various stages of System development life cycle..................................................8
ANALYSIS AND DISCSSION....................................................................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Information technology is mainly related to the computing technology, such as
networking, hardware, software and internet for carrying out the business activities. Now a days
every company have IT department which handle the business in effectively manner (Ziemba
2019). On other hand it refers to the technology which mainly runs on internet and provide ease
for doing business. This report is based on Barclays bank which deals in investment banking and
also provide financial services to the customers. The headquarter of the company is located in the
London. In this report computer technology and its importance has been describe as they have
changed the face of doing business. Along with this, ethical practises are important for doing the
business as it leads towards success and growth. There different stages of system which are
essential to to maintain the flow of communication effectively.
LITERATURE REVIEW
As per the view point of Armando, and et., al., 2019 it has been analysed that Information
technology is the use of the computer to store, retrieve, transmit and manipulate data for the
making more effective decision in the future. IT has been consider as the subset of information
and communication which is shared by the organisation to maintain the effectiveness of the
company. The advancement in the speed network has help the organisation had develop the

banking industry from paper work to digitization in order to provide better services to the
consumers. Now a days banks have become more advance with the help information technology.
Identify the role of IT in success and failure of the Barkley
The information technology are used to mainly to communicate within the organization.
Beside this, IT depend upon the perspective from which ease of interacting become easy. The
issues with the new technology are not properly understood by the people (Asongu 2019). The
advancement in the Information technology help banking sector to provide large scope to attract
more and more and customers. Along with this, it help in offering better services to the user and
it help in maintaining the quality in the offering. Banking services are totally changed as there is
the expansion in IT sector in recent years. The successful role of this sector provide self service
to the consumer for making financial activities more convenience as the individual do not require
to attain the bank. The person nowadays can transfer the money at any place on any time. . IT
provide Barclays bank MIS report with the accurate data of customers. Further information
technology help in avoiding the duplication of entries which help in providing the accurate data
which is useful in growth.
Failure of IT in banking sector can be the major issue because in the case of failure of
slow internet the consumer cannot able to access the system which leads towards the loss and
inconvenience. As the hacking and cyber security have become more common and they are
consider as the major threat to information technology. However this is an costly method to
implement and require expert to maintain the activity.
Discuss the ethical and social issues for running the business
Ethical issues in Banking sector :
As per the view point of Kamariotou and Kitsios 2019 Ethical banking is the process of
making decision with honesty, integrity and self discipline. For the organisation there must be
positive environment which help in developing the goodwill and brand image in the market. In
the ethical banking, there are various activities which must be taken care of such as avoid
cheating and do not provide false promise to the consumers. Financial sector plays an vital role
in developing the effective decision for maintaining the demand and supply. In the context of
Barclays firm must provide credit facilities and make sure that the interest amount should be
charged at the fair price and employees do not misguide and also avoid the unethical practises .

Social issues are related to the society as well as consumers and have seen people are
getting more aware about the investment, loans, and money (Dandekar 2019). As the banking
have seen the major downfall due to social crises in recent years. Beside this social banking
refers to satisfy the existing needs of the clients and facilitate them with the quality offering. The
social issues include the cultural and economical barriers. Bank must ensure that they must do
proper research as to analyse the social as well as economical condition are suitable for doing
business. The social issues have increased in the recent years such as theft and online crimes. So
in this case Barclays bank must ensure that all these kind of issues must be reduced in order to
provide better services to consumers.
Identify the different between different types of networking technologies
Networking technologies are basically used in computer operating system which is use
for provide guidance and support at the workstation for the smooth functioning. The internet
based upon the bandwidth which decide the speed and connection for the particular server. The
software plays an vital role in banking sector which allow organisation to offer better services to
the consumer. Here are some common types of networking system which are used in day to day
life are explained below:
Local area network(LAN): This are the network which are mainly used in personal
computer and workstation which allow to share data, tools and programs (Mazaya 2019). Hence
it is use by the most of the organisation like banking sector. In the LAN network the private
address are unique in relation to the other computer on the local network. This kind of network
are mainly operated and control by the single institution. This network is connected with the help
of Ethernet and Token ring.
Wide Area network(WAN): This is known as the Wide area network which are
extended to the larger geographical area. They can be use for within the state or the country. This
kind of technology provide high speed but they relatively expensive. The connection in the wide
network is safe as it is directly link to the Satellite or PSTN. Each network have the unique IP
address which is directly connected to the router. This kind of network in mainly used in ATM
and defence system as they require longer connectivity.
Metropolitan Area Network (MAN): This are the network are usually larger than the
LAN network and are smaller than WAN. It help in connecting two or more computers which
are apart but at a limited distance (Saberi and Shen 2019). This kind of network covers the large

geographical area and serve as an ISP for the high speed connectivity. Speed of this network are
calculates in the Mbps and this kind of technology are used in Mobile phone.
Home networking: In the context of banking they use LAN and MAN network which is
useful in managing and controlling all business activities in the well define manner. Financial
institution like Barclays use home network system as they are affordable and require less
maintenance cost for the company.
System area network: This kind of network area system are known as CAN which are
used for improving the speed of the system and of computer. The bank require this kind of
connection as they have to transfer the money to nationwide and also internationally. This are
system on which whole activities of banking system depends this network as it provide better
services to the customers.
Explain the importance of Intranet and Internet
As per the view point of.... the world is now connected with the each other with the help
of internet. This help in organisation as well as banking institution to operate and assist the
consumer with better quality services. With the help of internet the people can easily
communicate with the employees effectively. Along with this it consider as the global
communication system which include software and hardware. Along with this world wide web
plays an vital role in connecting people effectively.
Importance of internet in business
The internet have change the face of doing business in banking sector which help in
increasing the innovation and provide platform for banking and e- commerce business model.
This help internet to serve the larger audience in order to make ease for the consumers. For the
organisation like Barclay the whole operational activities are based upon the internet which
allow firm to offer convenience to the customer for doing banking work. The firm can get the
consumer data with the help of internet which help them to provide better services to the
consumer. Internet have developed new ways of doing business. It provide powerful
communication and marketing tool where firm can easily attract their customers.
Importance of intranet in business
This is known as the individual owned network which help organisation to carry out day
to day operational activities in a well define manner (Huda 2019). Beside this it help in
developing sustainable business model for the company as it provide various services such as

video conferencing, Skype etc. This help in improving the organisational capabilities in
operating as well as providing better services to the consumer. As it also help organisation to
track the consumers activities and provide important database for the company to analyse the
buying behaviour of the customer and offer them better services.
Further this help in increasing the efficiency of internal environment and help employees
to maintain all the records of the consumer for providing better services in future. With the help
of Intranet the consumer can easily track the activities and get information regarding the changes
done by the bank. This improve the banking culture and also help in developing the healthy
relationship with the customers for the longer period of time.
Describe the various stages of System development life cycle
This is the technique which is use for the planning as well as testing the given
information in order to make changes and provide better service to the consumer in the future.
On the other hand it is conceptual model which is used in the project development to maintain
the quality to services. This can be apply in technical and non technical system which guide the
manager of the company to take quality decision for better outcomes. The system development
life cycle can be apply on wide range of hardware and software which allow organisation to
maintain the records of the clients in a structured manner (Robichaux and McBride 2019). It is
used in the various phase of the company which allow employees to design the plan, build
effective polices which help in expanding the business in a well define manner. Here are the
steps for the development life cycle for banking sector which is explained down below:
Planning: This is consider as the initial stage where company usually identify the new
ways to perform the business activities and try to achieve new goals and objectives. Along with
this it help in assisting the make blueprint for the company and allow them gain competitive edge
in market. As planning reduces the risk of uncertainty and help in developing effective business
model for the company.
System analysis and requirement: This is known as the second phase where business
adopt the strategy on the basis of changing environment. For the companies it is essential to
carry out the business activities and implement system for providing better services to the
consumer.
System design: This is the third stage where firm have to design the system as per the
use and requirement within the company. Hence system design should be done by professional

as it require expertise in order to bring the better outcomes. Beside this, it help in achieving the
best quality services and goodwill in the market.
Development: In this stage the programmer as well as network engineer have the major
work. For the company like Barclays plc they have to develop the new network system with the
help of technology to provide better services to the consumers.
Integration and testing: This is the fifth phase where all the system are checked by the
quality assurance team to make sure for the smooth functioning (Kosenko and Persiyanova
2019). For every organisation it is essential to check as well as test the system as it result in
smooth functioning of the organisation. Hence this provide assurance to company about the
system which help in making profit for the company.
Implementation: This is the last stage where organisation implement the software
system in a well define manner. As it help in providing timely services with maintaining the
quality of the company. to the consumers. This also help in organisation to capture larger
audience as well help in expanding the business in a well defined manner.
ANALYSIS AND DISCSSION
This has been analysed from the above discussion that informatics technology help in
making effective decision which help in developing efficiency in the organisation (Jungwirth and
Haluza 2019). Along with this, it help in improving the performance as well as capabilities of the
employees. Beside this , IT sector had made convenience for the consumer in doing banking
services. It has opened the new market with the new product and services which help in efficient
delivery channel for the banking sector. Information technology has provided competitive edge
to overcome the challenges face by the organisation.
The IT revolution has set the stage of unprecedented increase in financial activities across
the world and the process help consumers to connect easily with the customer so that they can
avail better services in coming future. It enable banks in meeting high expectations of the
customer and make changes as per the requirement of the clients.
CONCLUSION
From the above mentioned report it has been analysed that information technology plays
an essential role in expanding the business in a well define manner. Further the different
networks are used by the banks such as LAN, MAN and WAN for providing better experience to
the customers. Along with this this report assist with the detail information regarding the system

development cycle which is useful for implementing the new software in a well define manner. It
has been concluded that IT have changed the face of doing in recent years.
REFERENCES
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