IT or Information technology is a term that encompasses all forms of technology used to create, store, exchange, and use information in its various forms of business data, voice conversations, still images, motion pictures, multimedia presentations, and other forms, including those not yet conceived. It's a convenient term for including both telephony and computer technology in the same word. It is the technology that is driving what has often been called "the information revolution." 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 Humans have been storing, retrieving, manipulating and communicating information since the Sumerians in Mesopotamia developed writing in about 3000 BC,but the term information technology in its modern sense first appeared in a 1958 article published in the Harvard Business Review; authors Harold J. Leavitt and Thomas L. Whisler commented that "the new technology does not yet have a single established name. We shall call it information technology (IT)." Their definition consists of three categories: techniques for processing, the application of statistical and mathematical methods to decision-making and the simulation of higher-order thinking through computer programs. Four distinct phases of IT development:
Pre-mechanical (3000 BC – 1450 AD)
The recent advances of Information Technology are becoming central to the process of social-economic development. Information Technology offers new way of exchanging information, and transacting business, changes the nature of the financial and other service sectors provides efficient means of using the human and institutional capabilities of countries in both the public and private sectors. The world is rapidly moving towards knowledge based economic structures and information societies, which comprise of networks of individuals, firms and countries that are linked electronically and in interdependent relationship. In an increasingly globalized economy, information technology is one of the key determinants of competitiveness of growth of firm and countries.
Affects of Technology…..
Technology affects almost every aspect of our lives. Just look around you and you'll see how wired we are. Thanks to the Internet, virtually anything you desire can be delivered to your door in a matter of days. Personal information is more accessible over the Internet. You can even trade stocks or file taxes online. Parents don't need to lose sleep waiting for their teenage daughter to come home -- they can just call her cell phone, or send an unobtrusive text, to check up but as much as our personal lives have changed, the business world has revolutionized almost beyond recognition in the past few decades. Technology and I mean the advances in communication and information technology has changed the face and the pace of business. As communication and information travels faster and faster, the world seems smaller and smaller, and this has large implications for the way we conduct business. Storing important in files on a computer rather than in drawers, for instance, has made information easily accessible. Using e-mail allows businesses to communicate and send these files quickly to remote locations outside of an office. Many argue technology has blurred the line between professional and private lives. Wireless Internet, cell phones and BlackBerries have made it easy to work from home -- or for that matter, from the beach. The fact that it's easy to work from the beach compels people to do so. On the flip side, people also feel compelled to use Internet access at work for personal reasons. In this way, technology allows workaholics to work and slackers to slack.
How has technology changed the way we conduct business?...
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