Custom Search

Popular Posts

Showing posts with label information technology. Show all posts
Showing posts with label information technology. Show all posts

Sunday, December 6, 2015

INFORMATION TECHNOLOGY REVOLUTION

Information Technology synthesises the convergence of previously distinct and separate technologies. As is clear from Figure-1 below, developments in computer technology, electronic components technology and the communications technology along with appropriate software have converged and are now known by the catchword Information Technology' (IT). Information Technology refers to `a very wide range of elements which are utilised to create, transfer, transform and convey information through means, irrespective of whether these elements are in the form of equipment, services or know-how'. Developments in information technology have already produced vast gains in productivity resulting in counter inflationary trends in prices as well as substantial improvements in technical performance of many products and services. 



Figure-1 : Convergence of Components, Computers and Communications

READ MORE...

Tuesday, April 1, 2014

OUTSOURCING INFORMATION SYSTEMS


If a firm does not want to use its own internal resources to build and operate information systems, it can hire an external organization that specializes in providing these services to do the work. The process of turning over an organization’s computer central operations, telecommunications networks, or applications development to external vendors of these services is called outsourcing.

Outsourcing information system is not a new phenomenon. Outsourcing options have existed since the dawn of data processing. As early as 1963, Petrot’s Electronic Data Systems (EDS) handled data processing services for Frito-Lay and Blue Cross. Activities such as software programming, operation of large computers, time-sharing and purchase of packaged software have to some extent been outsourced since the 1960s. 

Because information systems play such a large role in contemporary organizations, information technology now accounts for about half of most large firms’ capital expenditure. In firms where the cost of information systems function has risen rapidly, managers are seeking ways to control those costs and are treating information technology as a capital investment instead of an operating cost of the firm. One option for controlling these costs is to outsource. 

NowCerts.com It creates ACORD forms and applications, tracks commissions, provides loss runs, communicates with insureds, saves all of your agency document, allows your customers to access their policy information and issue certificates.

READ MORE...

Monday, February 24, 2014

INFORMATION TECHNOLOGY AND INFORMATION SYSTEM


INFORMATION TECHNOLOGY (IT)

Information is the finished product for which data is the raw material. The dictionary defines information as processed data, which is used to trigger certain actions or gain understanding of what the data implies. 

Information has also been defined as data that have been put into a meaningful and useful context and communicated to a recipient who uses it to make decisions. Information involves the communication and reception of intelligence or knowledge. It apprises and notifies; surprises and stimulates, reduces uncertainty, reveals additional alternatives or helps eliminate irrelevant or poor ones, and influences individuals and stimulates them to action. The information must be received by the recipient within the required time frame and the information must be free from errors. 

The technology plays an important role in delivering timely and error free information to its recipients. Technology includes hardware, software, databases, and communication system. Hardware is a set of devices such as processor, monitors, keyboard, and printer that accept data, process them, and display them. Software is a set of programs that enable the hardware to process data. Database is also an integral part of IT system, which is a collection of related files, tables, relation etc. that stores data and the association among them. Network connects computing resources of an organization and facilitates sharing of hardware and software. The organization processes and people are integral part of an IT System. 

Information Technology means the collection, storage, processing, dissemination, and use of Information. It is not confined to hardware and software but acknowledges the importance of man and the goals he sets for his technology, the values employed in making these choices, the assessment criteria used to decide whether he is controlling the technology and is being enriched by it. 

READ MORE...
Blog Widget by LinkWithin