The Impact of It on the Living Standard of People of Pakistan
THE IMPACT OF INFORMATION TECHNOLOGY ON THE LIVING STANDARD
RESEARCH PAPER
By (BNS)
Assigned By
MA’AM PARAS BHATTI
Department of Management Sciences
Faculty of computer & Management Science
ISRA UNIVERSITY HYDERABAD
CHAPTER 1
INTRODUCTION
1. OVERVIEW
Information Technology is a powerful force in today’s global society. Information Technology or IT is revolutionizing all the living ways. No doubt, it has given a new meaning to the word “Convenience”. It has drastically changed the business landscapes and word IT has become the “Catchword” of the modern life today.
Information Technology (IT), as defined by the Information Technology Association of America (ITAA) is:
"The study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. IT deals with the use of electronic computers and computer software to securely convert, store, protect process, transmit, and retrieve information”
Information Technology has become, within a very short time, one of the basic building blocks of modern industrial society. Its effective use is an essential element of competing in a fast-paced, knowledge based economy.
The economic historian, Carlota Perez, traces five cycles of technological innovation: * THE INDUSTRIAL REVOLUTION; * STEAM AND RAILWAYS; * STEEL, ELECTRICITY, AND HEAVY ENGINEERING; * OIL, CARS, AND MASS PRODUCTION; and finally, * INFORMATION & COMMUNICATIONS TECHNOLOGY
Information and Communications Technology usually called ICT, is often used as a synonym for information technology (IT) but is usually a more general term that stresses the role of communications (telephone lines and wireless signals) in modern information technology. The expression was first used in 1997 in a report by Dennis Stevenson to the UK government and promoted by the new National Curriculum documents for the UK in 2000. ICT consists of
RESEARCH PAPER
By (BNS)
Assigned By
MA’AM PARAS BHATTI
Department of Management Sciences
Faculty of computer & Management Science
ISRA UNIVERSITY HYDERABAD
CHAPTER 1
INTRODUCTION
1. OVERVIEW
Information Technology is a powerful force in today’s global society. Information Technology or IT is revolutionizing all the living ways. No doubt, it has given a new meaning to the word “Convenience”. It has drastically changed the business landscapes and word IT has become the “Catchword” of the modern life today.
Information Technology (IT), as defined by the Information Technology Association of America (ITAA) is:
"The study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. IT deals with the use of electronic computers and computer software to securely convert, store, protect process, transmit, and retrieve information”
Information Technology has become, within a very short time, one of the basic building blocks of modern industrial society. Its effective use is an essential element of competing in a fast-paced, knowledge based economy.
The economic historian, Carlota Perez, traces five cycles of technological innovation: * THE INDUSTRIAL REVOLUTION; * STEAM AND RAILWAYS; * STEEL, ELECTRICITY, AND HEAVY ENGINEERING; * OIL, CARS, AND MASS PRODUCTION; and finally, * INFORMATION & COMMUNICATIONS TECHNOLOGY
Information and Communications Technology usually called ICT, is often used as a synonym for information technology (IT) but is usually a more general term that stresses the role of communications (telephone lines and wireless signals) in modern information technology. The expression was first used in 1997 in a report by Dennis Stevenson to the UK government and promoted by the new National Curriculum documents for the UK in 2000. ICT consists of
References: 2. Stan Augarten, BIT By BIT: An Illustrated History of Computers (New York: Ticknor & Fields, 1984). 3 2. Kenneth C. Laudon, Carol Guercio Traver, Jane P. Laudon, “Information Technology and Systems”, Cambridge, MA: Course Technology, 1996. 3 4. R. Moreau, “The Computer Comes of Age: The People, the Hardware, and the Software”, translated by J. Howlett (Cambridge: MIT Press, 1984). 5 6. Yousaf Haroon Mujahid, “Digital Opportunity Initiative: For Pakistan”, COMSATS, Internet Services, Islamabad (July 22, 2001) 7 8. Ahmad Nisar Sh. (2001), “IT: Impact on the business and way of life”, Pakistan & Gulf Economist, July 30-August 05, 2001. 9. Ahmed Tasawar (2003), “E-Banking and its status in Pakistan”, Economic Review, pp30-33 10 11. Akhtar Shamshad (2006), “Roadmap of financial sector of the country”, Business Recorder”, Wednesday, 17 May ,2006.