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Information Technology, Economy and Banking Sector


Affiliations
1 Department of Management Studies, SSVPS’s B S Deore College of Engg, Dhule, India
2 Department of Management Studies, SSVPS’s B S Deore College of Engg, Dhule – 424 001, India
 

It would be an understatement to say that the Information Technology (IT) is having an enormous influence on today's global economy. It would be more appropriate to say that IT is now close to becoming the most important driver of the global economy. The competitiveness of a country's economy and well being is getting closely aligned to its ability to innovate and participate in the IT industry.

While the industrial revolution was initiated in the labor-intensive manufacturing industry by automotive pioneers like Ford, it is clear that the third revolution is driven by the knowledgebased services sector.

In the last decade we have begun to see a new revolution- the information revolution. This paper focused on Importance of IT, Business Transformation, Impact of IT on economy and various sectors.


Keywords

Information Technology, Global Economy, Industrial Revolution, Economy, Business Transformation
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Abstract Views: 255

PDF Views: 194




  • Information Technology, Economy and Banking Sector

Abstract Views: 255  |  PDF Views: 194

Authors

K. B. Sharma
Department of Management Studies, SSVPS’s B S Deore College of Engg, Dhule, India
Gauravkumar R. Khandelwal
Department of Management Studies, SSVPS’s B S Deore College of Engg, Dhule – 424 001, India
Mahendrasing G. Rathod
Department of Management Studies, SSVPS’s B S Deore College of Engg, Dhule, India

Abstract


It would be an understatement to say that the Information Technology (IT) is having an enormous influence on today's global economy. It would be more appropriate to say that IT is now close to becoming the most important driver of the global economy. The competitiveness of a country's economy and well being is getting closely aligned to its ability to innovate and participate in the IT industry.

While the industrial revolution was initiated in the labor-intensive manufacturing industry by automotive pioneers like Ford, it is clear that the third revolution is driven by the knowledgebased services sector.

In the last decade we have begun to see a new revolution- the information revolution. This paper focused on Importance of IT, Business Transformation, Impact of IT on economy and various sectors.


Keywords


Information Technology, Global Economy, Industrial Revolution, Economy, Business Transformation