A study on the significance of information technology in various fields

Type :

Term papers

Pages :

15 pages

Format :

.doc

Published date :

10/14/2009

Category :

Science & technology

Sub category :

Computer science

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Summary :

Introduction
Significance of information technology
1. IT applications in business
2. Growth of e-commerce
3. Business-to-business e-commerce
4. Business-to-consumer e-commerce
Effects on productivity and economic growth
1. The productivity paradox: Recent studies
2. Inflation and overall economic growth
3. Outlook for continued productivity growth
4. Effects on income and work
Participation in the digital economy
Global internet access
Indicators of participation in the digital economy
Overall trends
New modes of access
Understanding the 'Pew Study'
On-line medical information
Time displacement
Tele work
Psychological well-being
Electronic government
1. Cost savings
2. State and local government on-line
Conclusion

Abstract

The outcome of the integration of computer and telecommunications technology is today called as information technology which is popularly known as Info Tech. Businesses use IT in many different ways. Some IT applications automate a variety of basic business activities, from production control systems in manufacturing to word processing and financial calculations in office work. Other applications involve databases and information retrieval that support management, customer service, logistics, product design, marketing, and competitive analysis.Through IT, companies can combine computing and communications to facilitate ordering and product tracking. IT functions often are implemented as mechanization of older, manual processes; ideally, however, they involve fundamental redesign of processes.

Several explanations have been put forward for the productivity paradox. One explanation involves measurement difficulties. Much of the expected effect of IT would occur in the service industries, where productivity is always difficult to measure. IT may lead to improvements in services that do not readily show up as productivity improvements.