INFORMATION TECHNOLOGY (IT), as defined by the Information TechnologyAssociation of America (ITAA), is "The study, design, development, implementation,support or management of computer-based information systems, particularly softwareapplications and computer hardware." IT deals with the use of electronic computersand computer software to convert, store, protect process, transmit, and securelyretrieve information.When computer and communications technologies are combined, the result isinformation technology, or "
". Information Technology (IT) is a general termthat describes any technology that helps to produce, manipulate, store, communicate,and/or disseminate information.Today, the term information technology has ballooned to encompass manyaspects of computing and technology. IT professionals perform a variety of duties thatrange from installing applications to designing complex computer networks andinformation databases. A few of the duties that IT professionals perform may includedata management, networking, engineering computer hardware, database andsoftware design, as well as the management and administration of entire systems.Owing to its easy accessibility and the wide range of IT products available, thedemand for IT services has increased substantially over the years. The IT sector hasemerged as a major global source of both growth and employment.
ROLE OF IT INDUSTRY
The IT industry can serve as a medium of e-governance, as it assures easyaccessibility to information. The use of information technology in the service sectorimproves operational efficiency and adds to transparency. It also serves as a mediumof skill formation.
Economies of scale for the information technology industry are high. Themarginal cost of each unit of additional software or hardware is insignificant comparedto the value addition that results from it.
Unlike other common industries, the IT industry is knowledge-based.
Efficient utilization of skilled labor forces in the IT sector can help aneconomy achieve a rapid pace of economic growth.
The IT industry helps many other sectors in the growth process of theeconomy including the services and manufacturing sectors.