Impact of technology Heading TECHNOLOGY" - this word is derived from Greek word "—techno meaning an art‚ skill or craft and –loggia meaning the study of something or branch of knowledge of a discipline. With the advancement in technology‚ human life is more comfortable like never before. There is almost no place that you can go where technology hasn’t been used. Technology affects our daily lives in everything that we do; it saves time (time is money-more so these days)‚ creates a world of endless
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Technology’s Impact: Changing the Way Our Society Functions Technology is constantly changing‚ and with the evolution of technology humans are changing as well. Is this change in technology affecting the way we live our lives? Yes‚ with the technology we have in today’s society we as human beings are changing the way we live our lives to accommodate technology. This idea could be considered as the digital revolution because it is similar to what we did as a society during the industrial revolution
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This has been made possible by two things that the space program helped develop- satellites and electronics. Satellites are a major component of the space program. So‚ the space program funded research that led to major advances in the satellite technology. In addition‚ to allow increased capabilities over small space and to reduce launch cost‚ the space program was pushed to develop integrated electronic circuits. This has led to the miniaturization of electronic components. These developments have
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The first definition is of "information technology". Information technology is the technology used to store‚ manipulate‚ distribute or create information. The type of information or data is not important to this definition. The technology is any mechanism capable of processing this data. Kathleen Guinee wrote‚ "By information technology‚ I mean the tools we use to perform calculations‚ to store and manipulate text‚ and to communicate. Some of these twentieth century tools include: the adding machine
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ABSTRACT Electronic Banking system has become an important practice among Commercial banks in Nigeria. The introduction of the electronic banking has improve banking efficiency in rendering services to customer. In line with his study the is to aim at examine the impact of electronic banking system in Nigeria. Through the cluster sampling techniques‚ data was collected by means of questionnaires from 40 unity bank Officers and the result shows that Unity Bank electronic banking guidelines are in line
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Technology in the Banking Sector in India. How profitable it is for the customer? CONTENTS ABSTRACT………………………………………………………………………..…….……… 3 1. INTRODUCTION……………………………………………………………………… 3 2. OBJECTIVE OF THE PROJECT……………………………………….…………… 4 3. LIMITATION OF THE PROJECT……………………………………..…….……… 4 4. METHODOLOGY………………………………………………………….…….……. 4 5. LITERATURE REVIEW…………………………………………….…….………….. 5 6. DESCRIPTIVE RESEARCH a. Data Collection…………………………………………………………….………
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advancement in information and communication technology has significantly affected the banking industry. The banking sector has embraced the use of technology to serve its client’s faster and also to do more with less. Emerging technologies have changed the banking industry from paper and branch based banks to “digitized and networked banking services”. Unlike before‚ broadband internet is cheap and it makes the transfer of data easy and first. Technology has changed the accounting and management system
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IMPACT OF TECHNOLOGY IN INDIAN BANKING SECTOR LAVANYA. D(AUTHOR) RESEARCH SCHOLAR ST.PETERS UNIVERSITY‚ CHENNAI & Dr. R. GAYATHRI(CO-AUTHOR) ST.PETERS COLLEGE OF ENGINEERING AND TECHNOLOGY. CHENNAI LIST OF CONTENTS SL.NO PARTICULARS PAGE NO 1. PROJECT ABSTRACT 3 2. VARIOUS METHODS OF MONEY 4-6 TRANSFER THROUGH ONLINE 3. NEFT/RTGS 7-8 4. EXAMPLE 8-10 5.
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undergoes rapid changes as a result of technological innovation‚ increased awareness and demands from customers. Business organisations‚ especially the banking industry of the 21st century operates in a complex and competitive environment characterized by these changing conditions and highly unpredictable economic climate. Information and Communication Technology (ICT) is at the centre of this global change curve. Laudon and Laudon‚ (1991) contend that managers cannot ignore Information Systems because they
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Impact of IT on the Banking Sector This presentation analyzes the performance of major banks in terms of productivity and profitability in the pre and post e-banking period. Under the regime of banking sector reforms‚ IT Act of 1999 gave new dimensions to the Indian banking sector. IT has created transformation in banking structure‚ business process‚ work culture and human resource development. It has affected the productivity‚ profitability and efficiency of the banks to a large extent. The
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