An Analysis of Information Technology in Business: A Detailed Report

This report provides an overview of the importance of Information Technology (IT) in modern business operations, with a specific focus on the Standard Chartered Bank. The report begins with an abstract and table of contents, followed by an introduction to IT, and a literature review. The discussion and analysis section explores the role of IT in business, including ethical and social issues, the importance of the internet and intranet, and the differences between various network types (LAN, WAN, MAN, VPN, WLAN, SAN). The report highlights how IT facilitates data storage, analysis, and secure information exchange, enhancing efficiency and productivity. It also examines ethical considerations, such as data security and the impact of technological changes on employees. The report concludes by summarizing the key findings and emphasizing the transformative impact of IT on businesses, particularly in the financial sector, and the importance of understanding the different types of networks and their applications. The report shows how IT has revolutionized banking services, improved communication, and enabled global expansion.

Introduction to
Information
Technology

Abstract
This study on information technology shows how it is important to genral public life th
study shows viwes on information technology and envhnces work and to show the big difference of
the manual to the IT and system plc. More and more people are witnessing it in there daily life.

Table of content
Table of Contents
Introduction to Information Technology......................................................................................1
Abstract.................................................................................................................................................2
Table of content....................................................................................................................................3
Introdcution..........................................................................................................................................4
Literature review.................................................................................................................................5
DISCUSSION AND ANALYSIS.........................................................................................................6
Role of Information technology in ..................................................................................................6
Ethical and social issues that pertain to running businesses............................................................7
Importance of internet and intranet..................................................................................................8
Difference between types of networks............................................................................................9
Different stages of system devlopment .........................................................................................11
Conclusion..........................................................................................................................................13
REFERENCE.....................................................................................................................................14

Introdcution
As humans were storing, securing and retriving data on papers as times flows humans
devlopes the need of technology where information technology came.It refers to a process to store,
create, analyse, share and securely exchanging in the from of electronic data is called as information
technology. That sharing and security of data is done to computer devices. Information technology
is used by software, hardware and telecommunications and in E-commerce, computer services.
Standard Chartered is a public limited company which has its headquartered in london, UK
operates more than 1200 branches across 70 country and having a staff of 90,000 people. It is a
universal bank which provides customers of bankimg and treasury services. Standard Chartered has
a net income of 1.109 million US$ expanding its business and giving banking services to all over
the world.
showing all the roles in the success of the Standard Chartered through information
technology an with ethical and social isuues that is appropriate to run a businesses. Showing
diffrence between type sof networks. With internet and intranet importance in business and different
stages of system devlopment cycle.

Literature review
As per the view (Wu, S.P.J., Straub.)Automatic printing of pass book deposits and credit, debit of
customer is been noted up to date which heplp Standard Chartered bank to make proper
assumptions on future incomes. By starting online portal of bank there is no need to come to bank,
customer can take information and solve every query on the online base. Fast and up-to-date
information of customers transfer their checks and cash in cash out enable speedier decisions, by
using information technology. Standard Chartered banks is now growing fast by the use of
information technology an dnow they became UK's best and top rated banks. Information
technology provide Standard Chartered bank to deal and set-up their new venture across the other
the world. Standard Charteredbank are in asain and europhian countries as well as they use effective
information technology. The whole success of Standard Chartered bank ha 90% by the use of the
information technology. Information technology incraese the productivity and reduce the cost of
teclecoummunication and improved the position with the use of value added network and value
learning experience which is important to Standard Chartered bank. It refelects that from IT arrival
Standard Chartered bank is reaching and doing good in the asian countries as their information
technology devlopment.

DISCUSSION AND ANALYSIS
Role of Information technology in
In Standard Chartered bank there is a big role which identifies and shows the actual success
rate and growth of the bank from the information technology. As an leading bank of united kingdom
Standard Chartered use technology in its best way. As financial bank Standard Chartered used best
and effective information technologies. In 21st century where information technology is embraced
by all the corporate sectors. The growth of high speed internet and information technology is the
biggest aid for Standard Chartered bank, the explosion of information technology helps banking
sectors from paper to digitaliasation here Standard Chartered bank spot the oppourtunities use high
technique computers for the employees which gives them productivity in their work and skill
devloped of employees. Systems of internal accounting and mangement informantion systems of
bank. Standard Chartered use more sophisticated computers to staff of bank, this helps them to
work effectively. Availabilty of inquiry facilities Standard Chartered bank devlopes a specific
fucnctions for customers. Generation of management information system(MIS) a system where
bank feed all information of employees and customers on online basis. Through information
technology arrival Standard Chartered bank use as oppourtunity where wrting the information the
resgisters of banks, Standard Chartered bank started to feed them which is secured with encrption
which means the information of customers will never exposed without customers
aggrement.accurate computing by computers it became to easy for Standard Chartered bank to knoe
exact information of debit and credit of customers.
Ethical and social issues that pertain to running businesses
In runnning business ethical and social issues are the issues which may cause the effect
companies image and goodwill of the business.
Information faults
Technology
Misleading
conflicts of intrest
accounting
ethical and social issues in Standard Chartered bank had faced such errors and problems in there
banking life as in the exesistance of information technology there are such problems like accounting
conflicts of intrest and misleading with customers which eefect the goodwill of company

information faults when there information realted with customers is being used as and fraud by
others is the problem company faces and they bring some safegaurd related to ethics and social
pertain in running bsuiness. Technical issues which a business faces every time when information
technology. Business ethics are moral principals that guide the way business behaves. Business
always faces problem related to technology and implementation of this system. Some people any
accept the technological changes and some will not accepet technologcal changes which eefect
business. Data may creates issues within the business loosing someone data mau cause business a
great effect and that social and ethical issues will decrease the quality. Employers of the
organisation may not happy with the new infotmation updates in the business. Bsuinees also give
password protected account to the customer where they can save there account information from
others. If the system is not using any anti virus then technical staff will ensures that nti virus should
be updated in company system sor pertain running of businnes according to social and ethical issues

Importance of internet and intranet
Internet in these days is operated like oxygen for the people. Without internet it is hard to
survive in this world. Easier communication internet gives us to access to make communication
wherever in the world anyonw to. We can communicate With our friends, families anyone we want
to anywhere we can reach with the help of internet we can communicate with in the less time and in
a better way. There are features like E-mail, Skype, and on any social media website like facebook,
imstagram, snapchat others allow to communicate and give platform to communicate with easy
terms and condition. It is also chaep and not expensive process so people like this very much. Best
for research work internet is a very chaep less expensive and easy to get all are questions, queries,
with just a one touch there are some platform an among them google is the best search engeine
which is used by most of the general public. Gives education internet is the best server of
information and knowledge which gives education wherver you are weather you are in india, africa,
america internet is provided at everywhere so people can learn, teach and assist anyone by
uploading videos on internet like youtube people upload there videos on internet and these videos
reaches to everyone. The most amazing help of internet gives to human is that online money
transfer is the technology which is possible because of internet which gives access to us that we can
pay any person from the any place of the world can pay and recive money from anyone direct in
their account and their is just id and password needed at tthe time of transfer. Real time news and
updates internet's all feature sare best but among them one nost intresting feature is news and
update at any time wherever you are and wherever you want to go and want to watch and readnews
and updates of any city area, country any place from the world is on you one tap. Internet is such a
feature which is very much helpful to the people now people can know the current affairs and now
they do not have to wait for the newspaper they can watch live tv from anywhere at anytime no
restricitions. Internet is also used in our daily life ast every stage internet is requries, like tcicket
booking, entertainment, didgital wallets, pay bills, checking results, online business. In online
business internet plays avital role to play as where some people run there whole business on internet
in bill payment, money transfer and with every acitivity business need internet and inetrnet bring
money. Some run there business as online shopping like amazon, flipkart and amany more websites
run their business where there is internet from online booking to placing to order, imternet requried.
Media business lay on internet .
Intranet it refers to a network which is owned by the individual or by the organisation for use of the
commercial and personal use where “INTRA" means internal. It is abusiness tool whioh is mostly
useby the private companies for there secure working for there employess to forward message and
information with the encryption. Where intranet is effective internal communicaion intranet can

help to employees of private small companies to have there own intranet portal for secure and better
communicationsuch as staff new, important mail, announcments any time. Shairng resources is easy
and secure in intranet.

Difference between types of networks
There are manay types of networks in information techology sector these network allow computers
to connect with other systems and communicate. In the list of network there are few in diffrence are
taken like LAN, WAN, MAN, VPN, WLAN, SAN etc. Local area network is a network which can
make connection between few computers and has its boundaries inside the geographical area the
group of devices are connected with each other by some switches and gives access to the specified
protocol or IP address to the useres and then they can connect with the network. LAN data sharing
is fast as they are used in limited distance, LAN'S data rates is in the 5 to 20 mbps which is speed of
sharing. Metropolitan area network is larger than local area network metropiltian area network is
designed for the users who need the high speed internet on then betwork it is shared between or it
can shared between two cities or in the same city as well. It is costlt network which may or may not
be owned by the individual or by the organisation. Wide area network clears by its name as it is
wide in so it can be shared at the wide or large area or covered in the large area it is way more
complicated than local area netwrok or metropolitian area network because of its wide area. Wide
area network data speed is slow as it is shared with numbers of genral public like mobile network .
(Luftman, Lyytinen and Zvi, 2017. ). LAN allows a single pair of devices to connect and
communicate where it comes to MAN multiple computers or systems can easily connect
simultaneously and communicate. WAN requires and allows
a huge group of computers can connect and communicate at the same time. In the context of LAN
examples are like college, schools and hospitals where MAN can handle different branches of banks
in the same
time, in wide area of networking organisation is like one bank and its franchisee banks situated in
UK can communicate through WAN. MAN &
WAN networks are quite similar but very different from local area network
as LAN is used with the specific selected area so the speed of local area network is high but this is
not same with the MAN & WAN network cause they have more area to cover so their networking
speed is less. Progation delay is short in local area network where it is moderate in metroplitan area
network and very long in wide area of network. LAN'S ownership is private where in MAN'S it can
be both and same as in wide networking.
LAN covers WIFI, ethernet cables
MAN covers modem and wire/cables
WAN covers optic wires, microwaves and satellites
LAN ownership of network id private and remaining two have private and public. LAN is

connected with ethernet cables. There are other network
aside from LAN, MAN and WAN like home area network which resides inside house for a personal
use. Campus area network which is used as for
a colleges and hospital. Near-me network sharing files with others at the same conference table.

Different stages of system devlopment
System development life cycle is a model which includes the process of system alterting or
procedures for devloping their life cycle is called as system devlopment life cycle. This cycle is
includes few phases which works on the system devlopmen process how system devlopes in system
whole life are as follows:
1. Planning- it is the first step of system devlopment life cycle, planning in advance for the project
to check and assess feasibility to plan and schedule.
2. Analysis- by understanding and calculating business needs and processing needs of the system is
gone through the analysis.
3. Design- in the third step of the system devlopment life cycle what are the actual requriement
sorted out after finding and analysis the basic requriement of project or system then the design of
system is made.
4. Implementation- after designing the system base plan it is time for the implementaion of the
system is the next step where the construction of system and test of the system is started an dafter
that it is distributed or installed for the user and train them how to use the system and if all went
good with the user review then it is all set for installation.
5. Maintenance is the task where after installation of the syetem and user review, system is went for
all set for use and then the after insatallation services takes place where maintainance team kepp
system healthy and improve with giving updates in the system.
Preparing a different stages of system development. First of all the bank needs to prepare a plan
what they have to do and for whom technology required for the planning and people or employees
required for the accomplishment of the plan deciding the objectives and problems have to faced
while implementing the plan and then comes analysis means gathering information from the
customers of bank about what they want from bank about the services and policies required for
customers analysis of market what customers are expecting and analysing the competitors banks
policies and services which they are providing to there customers bank needs to build
communication with customers to know the vision of customers about the banks services after
analysing the customer need the bank prepare a design for there plan preparing a system how its
going to work and security system, codes or different types of data required for system of bank
design plan , And after preparing design then implement design of the plan by providing various
system coding and configuration and programming of the plan about the language. And after
implementation the testing of a system occurs to know that software is error free and after the
quality assurance of the software and after various verification(Wu, Straub and Liang, 2015. .). this