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
