Module 1 - Information Technology in a Business Environment

- business nowadays couldn’t survive without the integration and use of IT

- Business organization rely on computers to perform their daily operations and transactions

- Multinational companies, the government, NGOs, and both local and small businesses integrate IT in their daily business activities

One best example is that banks have developed and designed new mobile banking apps to replace traditional banking

Mobile Banking App Features:

01 Authentication and Authorization Flows

02 Balance and Transactions

03 Spending Tracker

04 Push Notifications

05 Transaction History or Online Passbook

06 Customer Support

07 User friendly interface

08 secure log-in account

09 accessible customer service

10 ATM and branch locator

11 currency converter

12 loan calculator

13 Complaint registration

14 Top-up and bill payment

15 Service request

16 Bank account management

17 Electronic wallet

18 Credit card payment

Business organization as a system:

- Any type of business organization, whether multinational or local and large, medium, or small, can be viewed as a system because it consists of various parts that work collaboratively to attain a certain goal.

- The main goal of any organization is to provide added value to their clients and customers.

Business concepts:

- traditionally, business is defined as the exchange of products.

- At present, the word has taken on a technical meaning as it focuses not only on the trade but also on production, distribution, and the sale of goods and services.

IT and its discipline:

- comprises a wide range of hardware and software solutions that support organizations and evaluate data that help them accomplish their targets.

- It also describes technology based workflow processes that enhance the proficiency of an organization to provide services that produce profits.

- IT makes the most of handling high performance communication links to wide ranging information from one location to another.

- One if the main components of IT is the use of an electronic device known as a computer, which allows users to input data, process them into information, and store them for later use and because of the advancement in IT, the world has turned into a GLOBAL VILLAGE.

Modern Information Technology

- it is the study and application of computers, Network, And telecommunications that store, Manipulate, Retrieve, Manage, And send information.

- It includes a combination of software and hardware resources that are used together to perform various functions that people need in their everyday life.

Advancement in Information Technology

- Big Data

- Machine learning

- Artificial intelligence

- Internet of things

- Augmented and virtual reality

- Data mining