The question what is Information Technology? (IT) brings up different images for different people. While for some it is the supercomputer, for others, it means laptop or palmtop. While for some it means the electronic gadgetry, for others, it means the efficiency in communication channels. Information Technology must be conceived of broadly to encompass the information that business create and use as well as a wide spectrum of increasingly convergent and linked technologies that process the information. In addition to computers, then, data recognition equipment, communications technologies, factory automation and other hardware and services are included. According to the United Kingdom’s Department of Trade and Industry, “Information Technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numeric information by a microelectronics based combination of computing and telecommunications. you can read more Managerial economic and corporate governance
Information Technology is the term used to describe technologies, which enable the users to record, store, process, retrieve, transmit and receive information. Information Technology encompasses modem technologies such as computers, facsimile transmission, micro graphics, telecommunications and microelectronics.
Information technology Impact
IT has changed the way business organisations function and carry out their activities. People like Bill Gates today talk and write about “Business @ Speed of Thought” and information. Most of us today routinely talk about and some of us actually deal in e-business, e-commerce, etc.. IT has transaction, geographical, automation, analytical, informational, sequential, knowledge management, tracking and disinter mediation capabilities.
Today, we are all aware that Information Technology has provided new ways of recording, storing, processing, retrieving, transmitting and receiving information enabling us the users to build more effective and more efficient information systems.
Information technology Capabilities
Transactional – IT can transform unstructured processes into routines transactions.
Geographical – IT can transform information with rapidity and ease across large distance, making process independent of geography.
Automational – IT can replace or reduce human labor in a process. Analytical IT can bring complex analytical method to bear on a process.
Informational – IT can bring vast amounts of detailed information into a process.
Sequential – IT can enable changes in the sequence of tasks in a process, often allowing multiple tasks to be worked on simultaneously.
Knowledge – IT allows the capture and dissemination of knowledge and expertise to improve the process.
Tracking – IT allows the detailed tracking of task status, inputs and outputs.
Disintermediation – IT can be used to connect two parties within a process that would otherwise communicate through an intermediary (internal or external)