Advancements in information technology have had many great benefits on society. It has revolutionized the phase of business and living around the world. Information Technology has made Local businesses become international due to a simple website. Information technology (IT) is the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. It is broadly considered to encompass the use of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. Several industries are associated with information technology, such as computer hardware,software, electronics, semiconductors, internet, telecom equipment and computer services (Chandler, 2012). Therefore, the purpose of this assignment is to discuss the wonders and horrors Information Technology has brought to us. It will first look at the wonders which Information Technology has brought, and then it will look at the horrors. It is from the wonders and horrors were a conclusion will be drawn from. Today information technology involves more than just computer literacy; it also takes into account how computers work and how these computers can further be used not just for information processing but also for communications and problem solving tasks as well. Information technology also involves the development, installation, implementation, maintenance, and the use of computer systems, software and networks for the processing and distribution of data (Daintith, 2009). Our world today has changed a great deal with the aid of information technology. The revolution in IT has itself been brought forth by a company of innovations in telecommunications and informatics, made possible by cheaper new lightweight materials such as optical fibers transmitting information faster. Information flows faster and less expensively throughout the globe, but it will take substantial time to reach full digitalization given the youth of IT (Achimugu et al; 2009). Things that were once done manually or by hand have now become computerized operating systems, which simply require a single click of a mouse to get a task completed. With the aid of Information Technology, we are not only able to stream line our business processes but we are also able to get constant information in 'real time' that is up to the minute and up to date (Vermaat,2004).
The significance of Information Technology can be seen from the fact that it has penetrated almost every aspect of our daily lives from business to leisure and even society. The world has an estimated 350 million internet users. Over 90% of them are in industrial countries, although developing countries comprise about 85% of the world population (Berndt and Morrison, 1995). Today personal Computers, cell phones, fax machines, email and internet have all not only become an integral part of our very culture but also play an essential role in our day to day activities (Parker, 2003). Information Technology has brought a lot of wonders in our daily living. Some of the wonders include: Globalization - IT has not only brought the world closer together, but it has allowed the world's economy to become a single interdependent system. This means that we can not only share information quickly and efficiently, but we can also bring down barriers of linguistic and geographic boundaries. The world has developed into a global village due to the help of information technology allowing countries like Chile and Japan who are not only separated by distance but also by language to shares ideas and information with each other. Communication - With the help of information technology, communication has also become cheaper, quicker, and more efficient. We can now communicate with anyone around the globe by simply text messaging them...
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