Definition of Information Technology

Information Technology

We use the term information technology or IT to refer to an entire industry. In actuality, information technology is the use of computers and software to manage information. In some companies, this is referred to as Management Information Services (or MIS) or simply as Information Services (or IS). The information technology department of a large company would be responsible for storing information, protecting information, processing the information, transmitting the information as necessary, and later retrieving information as necessary.

What is Information Technology Basic

Information technology (IT)

It is a field concerned with the use of technology in managing and processing information.Information technology is an important enabler of buseiness success and innovation.

Budget 2012 Malaysia ICTIndustry

Malaysia's ICT industry has extended a cautious welcome to the latest Budget 2012 proposals, worth RM232.8 billion (US$74 billion), tabled on 7 October by Prime Minister Datuk Seri Najib Tun Razak. Themed 'National Transformation: Welfare For The People, Well Being For The Nation,' Najib, who is also the Finance Minister, said RM181.6 billion (US$57.54 billion) of the total cost of Budget 2012 would be used for operating expenditure and RM51.2 billion (US$16.22 billion) for development expenditure. Of the development expenditure, RM29.8 billion (US$9.44 billion) is provided for the economic sector to support infrastructure needs, industry, agriculture and rural development, he said. Prime Minister Najib also announced a RM100 million (US$31.69 million) allocation for creativity and innovation of which RM30 million (US$9.5 million) will be used to establish the Market Validation Fund to be managed by the Malaysian Technology Development Corporation together with the Malaysia Innovation Agency

Cyber Awareness Campaign Next Year

KUCHING: Eduspec Holdings Berhad, a ICT education provider, has pledged to bring a campaign on cyber awareness to Sarawak next year.
Its chief executive officer Lim Een Hong said Eduspec would run the campaign with Microsoft.“We are targeting parents and tea-chers specifically as they need to have better understanding of ICT,” he said at the closing of the 19th Dyna-book National ICT competition here.He said there was a lot of misconception that ICT was more destructive to society.As such, he said the campaign hopes to clear the air and allay fears. If used wisely, ICT could yield so many benefits and generate opportunities for the users.Lim said Eduspec had also incorporated in its syllabus several elements pertaining to good moral, and also lessons on common cyber viruses.“We want children to be responsible users, which means raising better understanding of ICT among teachers and parents,” he said.This was why, he said Eduspec also continued to hold many competitions in which teachers and parents were involved.In his press release, Lim said the 21st century needed an effective learning environment that called for robust partnership between the government and the private sector.

Information Technology In Business

Information technology in business for better reliability, profitability and higher growth

Information technology has crucial impact on the overall performance of a business, its reputation in the economy, performance of the employees, profitability over the years, firm’s growth rate and so on. To draw conclusion on the impact of information technology in business these factors need to be evaluated. If all the financial statements like balance sheet, cash flow statement, profit and loss account and retained earning s are evaluated, then it can be found that the performance, now-a-days, largely depends on the effective use of information technology in business.
 

Analysis of the impact of information technology is very important for all the professionals, investors as well as for the company to understand the reasons behind success or failure of a business. There is no doubt, that effective uses of information technology, in the leading business enterprises, play a vital role in their successes. With the help of information technology, a business entity would be able to serve more customer efficiently than before. Financial statements would be rapidly available, internal control would be more effective and processing time would be minimum because of it. Still, the accuracy would be maintained because of keeping information in details, leading to more customer satisfaction for a business.
 

Now the world is considered as a ‘global village’ and information technology has made communication not only cheaper but also quicker. The information technology industry is growing at a rapid pace and it is playing an ever increasing role in supporting business transformation and strategies. Information technology is a vital part of today’s global economy and it is expected to increase in importance in days to come. Because of the presence of information technology in business, the start up cost has become minimal and the time management has become more effective. It seems information technology has given business enterprises, the opportunity to control the business with fingertips.

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juz call me syahir.student in uitm jb and now in part 4..i live in Malacca.