This action might not be possible to undo. Are you sure you want to continue?
Stores like Levi Strauss and Wal-Mart are realizing that information technology can cut their holding costs and increase the inventory turnover. Healthcare is an industry on the brink of realizing new core competencies based on IT. Quality, speed, and accessibility achieved by computer systems continue to cement the place of IT in the business world. E-commerce has put the customer in control of transactions and driven competitors to compete with price and quality. Hence Most competent business strategy is electronic commerce.
THE PERIOD OF 1991..
The Department of Electronics broke this impasse creating a corporation called Software Technology Parks of India (STPI) Owned by the government. Which Had its own monopoly. STPI set up software technology parks in different cities. Each provided satellite links to be used by firms; the local link was a wireless radio link.
INDIAN ECONOMY IN 1991
The Indian economy underwent economic reforms in 1991, leading to a new era of globalization and international economic integration. Economic growth of over 6% annually was seen between 1993-2002. The economic reforms were driven in part by significant the internet usage in the country. The new administration under Atal Bihari Vajpayee²which placed the development of Information Technology among its top five priorities² formed the Indian National Task Force on Information Technology and Software Development.
PERIOD OF 1993«CONTD
In 1993 the government began to allow individual companies their own dedicated links. Which allowed work done in India to be transmitted abroad directly. Indian firms soon convinced their American customers that a satellite link was as reliable as a team of programmers working in the clients¶ office.
Developed a network known as CertaPay. It was the first e-mail payment network Made an ample range of next-generation payment capabilities to be a reality transactions could be made through e-mails. transactions became electronic and instant. CertaPay made their money by charging a fee on each online transaction somewhat like an ATM fee.
five million Canadians who use this online banking system to send and receive money transfers. fifteen million Canadians with an e-mail account who can receive a money transfer. This makes CertaPay the first and largest personto-person interbank network in the world.
VIDESH SANCHAR NIGAM LIMITED (VSNL) now known as Tata Communication
Introduced Gateway Electronic Mail Service in 1991 The 64 kb/s leased line service in 1992 commercial Internet access on a visible scale in 1992. Election results were displayed via National Informatics Centre's NICNET. Historically telecom network in India was owned and managed by Government as it is considered as a strategic service. At that time the Telecom industry was monopoly in nature.
The New Telecommunications Policy, 1999 (NTP 1999) helped further liberalize India's telecommunications sector. The Information Technology Act 2000 created legal procedures for electronic transactions and Ecommerce.
REFORMS IN TELECOM SECTOR
Reforms in telecom sector began in 1980 with telecom manufacturing being opened for private sector followed by national telecom policy(NTP) in 1994 and 1999. In 1990 telecom revolution in many countries which resulted in better quality of service with lower tariff rates force Indian policy makers to open up telecom sector for private players.
The decade of 1980's saw private sector being allowed in telecommunications equipment manufacturing. Mahanagar Telephone Nigam Limited (MTNL) and Videsh Sanchar Nigam Limited (VSNL) were formed. A telecom commission was set up to give focus to telecommunications policy formation
CURRENT SCENARIO IN TELECOM INDUSTRY
India is 4th largest market in Asia after China, Japan and South Korea. India is the 5th largest in the world and 2nd largest among emerging economies of Asia. Contribution of telecom sector in terms of revenue is 2.1 % of GDP as compared to 2.8% in developed economies.
India's IT industry (USD bn) [Source:NASSCOM] Particulars IT Services - Exports - Domestic ITES-BPO - Exports - Domestic 10.4 7.3 3.1 3.4 3.1 0.3 FY 2004 13.5 10.0 3.5 5.2 4.6 0.6 FY 2005 17.8 13.13 4.5 7.2 6.3 0.9 FY 2006 23.7 18.1 5.6 9.5 8.3 1.2 FY 2007E
Engineering services, R&D and Software 2.9 products - Exports - Domestic Hardware Total IT industry - Exports - Domestic 2.5 0.4 5.0 21.6 13.4 8.3
3.1 0.7 5.9 28.4 18.2 10.2
4.0 1.3 7.0 37.4 24.1 13.2
4.9 1.6 8.2 47.8 31.9 15.9
TELECOM SERVICE PROVIDERS AND EQUIPMENT MAJORS
Represents the largest foreign investment in the telecom services sector in India. Has a 10% stake in Bharti telecom, an integrated service provider. Largest pure-play GSM service provider in India Has over 15 million subscribers Nortel offers a suite of products and solutions across two broad categories Carrier Networks (incorporating Wireless Networks, Wire line Networks and Optical Networks) and Enterprise Networks.
TELECOM SECTOR TARGETS ANNOUNCED BY GOVERNMENT OF INDIA
500 million subscribers by 2010 20 million broadband subscribers by 2010 India poised to be a USD 40 bn - 45 bn telecom market by FY 2010
CLASSIFICATION OF TELECOM SECTOR
Fixed line telephony
BSNL and MTNL account for 90% revenue for basic services.
25 private companies providing cellular services in 19 telecom circles and 4 metro cities, covering 1500 towns across the country.
There is no restriction on the number of internet companies and more than 185 companies are operational. Growing demand of corporate for applications such as electronic commerce, Internet leased lines, ISDN, VPN etc is driving the growth of the internet services market.
Growth in the telecom equipment market resulted in increasing demand for telecom services.
Private sector available in Presently, there are five 18 circles and collectively private service operators account for 10% of in each area, and an state revenue. operator
Key players like BSNL, BHARTI, RELIENCE, TATA, BPL and HUTCHISON will drive equipment market growth.
TOP SIX IT HUBS IN INDIA
Ranking City/Region Description Popularly known as the capital of the Silicon Valley of India is currently leading in Information Technology Industries in India. 1 Bangalore
Chennai is the second most preferred destination in India for IT.
Hyderabad which has good infrastructure and good government support is also a good technology base in India.
Kolkata which is slowly becoming a major IT hub in near future. Some of the well known technological corporations are situated.
The National Capital Region of India comprising Delhi, Gurgaon, Faridabad, Noida, Greater Noida and Ghaziabad are having ambitious projects and are trying to do every possible thing for this purpose.
The booming city is the home to a good number of Software companies.
In 1990s, telecommunications sector also benefited from the general opening up of the economy. NTP 1994 was the first attempt to give a comprehensive roadmap for the Indian telecommunications sector.
Availability of telephones on demand (targeted by 1997) Universal service covering all villages and one pco per 500 persons in urban areas at the earliest (targeted to be achieved by 1997) Telecom services at affordable and reasonable prices
$80 billion is traded over the internet annually.
by year 2030 the number is estimated at $4 trillion. Technology provides the tools for business to increase its productivity and profitability.
The first use of ATM magstripe cards is said to have been made in 1969 when Docutel installed its Docuteller machine at New York's Chemical Bank. This is the first recorded use of magnetically encoded plastic. Donald C Wetzel is given credit for developing the machine for Docutel. Docutel was the first to apply for a patent and is credited by the Smithsonian Museum as inventor of the ATM. In 1987, India get one when the Hongkong and Shanghai Banking Corporation(HSBC) introduces the ATM concept in India in 1987.
WHO INVENTED THE ATM? WHO INVENTED THE FIRST AUTOMATIC CASH DISPENSER?
Inventor John Shepherd-Barron installed the world's first automatic cash dispenser at a Barclays Bank branch near London in 1967. The machine was made by De La Rue Instruments and it used paper vouchers that had to be purchased from tellers in advance. The machine was called the De La Rue Automatic Cash System, or DACS. John Shepherd-Barron, 79, was named an Officer of the Order of the British Empire (OBE) for services to banking on December 30, 2004.
Information Technology has made the unthinkable happen in less than 20 years. Speed, efficiency, quality, productivity, and many other aspects of the business world are affected by information technology. Technology is increase with time, which is presenting new opportunities and is affecting our way of living to where we never thought possible.
Technology has many effects on the business world. Everyday there are new technologies and new breakthroughs of technology systems and applications for organizations. For organizations to continue in the market they must stay updated with these new technologies and implement them the correct way. Technology has changed the roles of many positions in the work force and is continually going towards making decisions faster and easier, flexibility, consumer satisfaction, and accessibility. Today for one to succeed in the business world, obtaining computer literacy is no alternative.
Throughout the 1990s, another wave of Indian professionals entered the United States. The number of Indian Americans reached 1.7 million by 2000. This immigration consisted largely of highly educated technologically proficient workers. Graduates from the Indian Institutes of Technology (IIT) became known for their technical skills.
The success of Information Technology in India not only had economic repercussions but also had far-reaching political consequences. India's reputation both as a source and a destination for skilled workforce helped it improve its relations with a number of world economies. The relationship between economy and technology² valued in the western world²facilitated the growth of an entrepreneurial class of immigrant Indians, which further helped aid in promoting technology-driven growth.
THANK YOU FOR YOUR KIND PATIENCE«
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.