Information Technology and Business: Success, Failure, and Ethics

This report provides a comprehensive analysis of the role of Information Technology (IT) in business, exploring its impact on both success and failure. It delves into the advantages of IT, such as fast communication, online marketing, and staff performance monitoring, while also addressing limitations like data security risks and potential employee skill reduction. The report also identifies ethical and social issues, including privacy concerns, access rights, potential for harmful actions, and discrimination. Furthermore, it differentiates between various networking technologies, including LAN, MAN, WAN, PAN, and VPN, and discusses the significance of social media in business operations. Finally, it outlines the stages of the software development life cycle, providing a holistic view of IT's multifaceted role in the modern business landscape.