Importance of Information Technology in new Era of Development

Importance of Information Technology in new Era of Development

Information Technology is not only a term associated with engineers it has now become a revolution worldwide. The growth and development of information technology has changed the face of global market as a whole and has created a huge impact on the global economy.

The whole economy is now dependent on technology and the development of science and technology has boosted the Indian economy as well.

Information is considered as most precious element of any business organisation, it plays a vital role in taking decision at the higher management level of the organisation.

In the past decades the information technology has also affected the working culture of the organisations. Middle level managers' work has been reduced with the help of computers in the organisation. It also led to the decline of clerical level which has reduced the overall investment.

With time, the cost of technology reduces which is not true in case of human resources. With time the wages and salary keeps increasing, the information technology also used as the factors of production and has taken the place of traditional land and labour.

The recent demonetisation has shown how technology has taken all over the Indian market, how even small vendors are using "PayTM" for monetary transactions how the whole economy is going cashless and how important technology is for us.

Though PGDM in Information Technology would take time to penetrate deep inside the market but there is no doubt that this course would help the students to manage the engineers in more proper way.

Submitted by:

Ms. Mariya Jasim

Department of Information Technology

(2016-2018)