What is Information Technology? IT Definition & Meaning
Definition and Meaning ofInformation Technology (IT) – Considered as a constantly booming field, Information Technology (also called IT) revolves around the development, administration, and maintenance of varied forms of telecommunication and computer systems. It covers both the hardware and software maximized to efficiently store, create, or access information. Among the most prominent fruits of the progress of Information Technology are your storage devices, firewalls, operating systems, networks, and the Internet itself.
Application and Advantages of Information Technology
Business and Corporate World
Productivity – Automation of previously strenuous tasks increases the productivity of employees and the company itself. Communicating instructions and workloads are also made easier with Information Technology.
Management of files and data – Information Technology allows a more systematic and organized method of storing relevant files. For instance, a database of classified characteristics and demands of clients can aid companies to serve them better, while one that stores employee information can help an HR Department.
Financial management – Apart from automating accounting and auditing tasks, Information technology can potentially decrease expenses alongside increasing Return of Investment. Optimum advertisement, for instance, can be launched for minimal costs through online means.
Automated Purchases and Banking
Credit and smart cards – With the help of Information Technology, storing one’s financial data and loan records are made easy. You can now enter transactions with an ATM or credit card instead of holding actual cash. Moreover, it gave rise to reward cards as an effective customer loyalty technique.
Online purchasing – Internet based marketplaces now allow individuals to shop in a hassle free manner. With such application of Information Technology, comparing product quality and prices are now effortless and are one click away.
Online banking – Financial institutions have also adapted Information Technology to serve clients better. Websites and mobile applications allowed online banking transactions to be made without necessarily waiting in long lines.
Job and business creation – Information technology gave rise to multiple career opportunities including Network Engineering, Software Development, Computer Systems Analysts, and a whole lot more. In addition, it allows the creation of Internet-based businesses and companies that require minimal capital but can potentially bring high profits.
Entertainment – Ranging from downloadable songs and videos to trending mobile games, Information Technology redefined entertainment. Whatever an individual’s interest may be, the Internet offers a wide variety of options to choose from.
Social networks – Communication and building relationships regardless of time and distance are made possible with Information Technology. Social networking sites such as Facebook, Twitter, and Instagram facilitate the interconnection of people from all across the globe.
Educational resources – Traditional methods of teaching is continuously being innovated by Information Technology. Online platforms and database of information makes education easier and faster both for teachers and students. Paperless learning is also being developed, with courses being transformed into being computer based as well.
Maximized Learning – With the availability of online materials anytime and anywhere, the learning capacity and opportunity of students are also improved. Studying in groups regardless of location is also possible with varied online forums and platforms.