IT evolution

Presented by:

MAHESH RAJURKAR AJINKYA DUDHALKAR SUJAY JADHAO SARIKA SHITOLE PRASHANT DATE

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GOVIND DURAGKAR 43

INTRODUCTION
According to INFORMATION TECHNOLOGY ASSOCIATION OF AMERICA: "the study, design, development, implementation, support or management of computer-based information Systems. In some companies, this is referred to as Management Information Services ( MIS) or simply as Information Services Information technology is an important factor in the recent acceleration in productivity growth. Both the production and the use of IT contributed to the productivity revival.

DEFINATION:
Information Technology Association of America, information technology : Anything that renders data, information or perceived knowledge in any visual format whatsoever, via any multimedia distribution mechanism, is considered part of the domain space known as Information Technology (IT).

HISTORY OF IT
The term "information technology" was first coined in the 1970s, the inception of the original concept was actually during World War II. When the military was actively developing electronic technology, which included computers. In fact, until the 1950s, the military was the primary source of information technology progress. Since then, four major computer evolutions have occurred, each growing progressively physically smaller, yet more capable. The first micro-computer was marketed in 1975. And in 1981, IBM introduced the first personal computer, forever changing the face of IT. In fact, personal computers of today are capable of far more than even the most advanced systems of the 1960s, at literally a thousandth of the cost.

ROLE OF INFORMATION TECHNOLOGY productivity: Technological applications, such as relational database technology, computer-aided designing, word processing, spreadsheets and other software programming, increase productivity of businesses Significance Business corporations maximize their commercial advantage by making the right use of IT tools. Monitoring IT is used for monitoring areas of the company that are not utilizing resources efficiently. For instance, Dell made use of real-time inventory and supply monitoring to produce only that number of computer systems that were demanded by Dell customers, reducing the cost of overproduction.

CONT..
Business Performance Management

According to bestpricecomputers.co.uk, BPM is defined as a management culture, which helps businesses to optimize their performance by analyzing processes using applications like OLAP (Online Analytical Processing), and EIS (Executive Information Systems). E-commerce E-commerce is buying and selling services and goods over the Internet. Online operations reduce the time and personnel required for business processes. It also reduces costs in areas like labor, document preparation, telephoning, and mail preparation

It in India
The Indian Information Technology industry accounts for a 5.19% other country's GDP and export earnings as of 2009 More than 2.5 million people are employed in the sector either directly or indirectly, making it one of the biggest job creators in India and a mainstay of the national economy. In 2010-11, annual revenues from IT-BPO sector is estimated to have grown over US$76 billion compared to China with $35.76 billion and Philippines with $8.85 billion.[ India's outsourcing industry is expected to increase to US$225 billion by 2020. The most prominent IT hub is IT capital Bangalore. The other emerging destinations are Chennai, Hyderabad, Kolkata, Pune, Mumbai and Kochi

Cont..
India's growing stature in the information age enabled it to form close ties with both the United States of America and the European Union The recent global financial crises has deeply impacted the Indian IT companies as well as global companies. As a result hiring has dropped sharply and employees are looking at different sectors like the financial service, telecommunications, and manufacturing industries, which have been growing phenomenally over the last few years

IT-Enabled Services in India

Customer Interaction Services Business Process Outsourcing/ Management; Back Office Operations Insurance Claims Processing Medical Transcription Legal Databases Digital Content Online Education Data Digitization / GIS Payroll / HR Services Web site Services

LEADING IT COMPANIES IN INDIA:

INFOSYS WIPRO TCS COGNIGENT

IMPACT OF IT ON INDIAN ECONOMY

IT provides the communication and analytical power that organizations need for conducting trade and managing business at global level with much ease. To coordinate their worldwide network of suppliers, distributors and consumers, organizations have developed global information systems that can track orders, deliveries, and payments round the clock. For business economists, it is useful to identify how information technology (IT) is likely to impact the economy, because IT (defined as computer and communications technology and its applications) is likely to have a substantial impact on the economy's growth during the coming decades

Cont.
In the last two decades, the Indian IT industry has contributed significantly to Indian economic growth in terms of GDP, foreign exchange earnings and employment generation The reason for this is the use of IT by nearly all industries in the economy's base, so that IT becomes a universal input to nearly all other outputs. If IT costs decline, they can create substantial economic gains for many of the industries that use IT, because money spent on IT can be invested in other inputs and improvements in production or services

The IT Sector

5. Conclusion
IT is a fast-growing, export-oriented sector Also definite potential for contributing to broad-based growth much more than software exports ITs success exposes key bottlenecks and areas where reform is needed Policy initiatives have to be general or narrowly targeted IT as the thin end of the wedge IT can also contribute to broader economic development governance, education, operational efficiency, market efficiency