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Information Technology

Information technology refers to the “acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of telecommunications and computing”. It covers various areas including processes, computer software and hardware, programming languages and data constructs.

1,535 Questions

Needs of information technology in finance?

Wherever you use computers you need Information Technology. Without IT the computers are nothing but big pieces of junk which is of no use to anybody.

The IT industry creates the so called tools, applications, websites etc that we use in our day to day life in the financial industry.

Without them we would have to think of ways of trade used a few decades ago. like Barter System or face to face settlement & trading etc.

How Information Technology has affected the banking industry?

The business impacts of information technology, deregulation and globalisation on the structure of the banking industry is analysed. It is shown how these forces are combining to create an unstable banking environment in which new entrants and innovation are reducing the income streams of banks. The dynamics of the banking industry are related to the reduction in revenues and it is postulated that the global banking industry is entering into a spiral of decline. The strategic responses of the banks, particularly the trend towards mega-mergers and internal cost-cutting, are shown to be insufficient in the long term to offset the reduction in income.

Cost accounting system in a manufacturing company?

We are going to stary using a software named "Enterprise One"Is there anything known about this software?

What is the order in which GPOs are applied?

Local, Site, Domain, OU

Group Policy settings are processed in the following order:

1:- Local Group Policy object-each computer has exactly one Group Policy object that is stored locally. This processes for both computer and user Group Policy processing.

2:- Site-Any GPOs that have been linked to the site that the computer belongs to are processed next. Processing is in the order that is specified by the administrator, on the Linked Group Policy Objects tab for the site in Group Policy Management Console (GPMC). The GPO with the lowest link order is processed last, and therefore has the highest precedence.

3:- Domain-processing of multiple domain-linked GPOs is in the order specified by the administrator, on the Linked Group Policy Objects tab for the domain in GPMC. The GPO with the lowest link order is processed last, and therefore has the highest precedence.

4:- Organizational units-GPOs that are linked to the organizational unit that is highest in the Active Directory hierarchy are processed first, then GPOs that are linked to its child organizational unit, and so on. Finally, the GPOs that are linked to the organizational unit that contains the user or computer are processed.

At the level of each organizational unit in the Active Directory hierarchy, one, many, or no GPOs can be linked. If several GPOs are linked to an organizational unit, their processing is in the order that is specified by the administrator, on the Linked Group Policy Objects tab for the organizational unit in GPMC. The GPO with the lowest link order is processed last, and therefore has the highest precedence.

This order means that the local GPO is processed first, and GPOs that are linked to the organizational unit of which the computer or user is a direct member are processed last, which overwrites settings in the earlier GPOs if there are conflicts. (If there are no conflicts, then the earlier and later settings are merely aggregated.)

Disadvantages of Information Technology in Banking?

I don't know how detailed you need the answer so I can give you a fairly brief one. A disadvantage from my personal perspective in this line of work is that IT provides mass collaboration with customers/partners/businesses in a real time setting allowing the passage of funds/transactions instantly. With such fast communication it is hard to verify if said transactions are real or said customers/partners/businesses are real until after losses have incurred or a strong relationship has been built. We no longer have to look customers in the face in order to transact. You only need a computer. Therefore there is always the risk of false identity and stolen accounts. The last disadvantage is that banks rely and partner up with other banks especially in the international markets. You are trusting that their Compliance is up to snuff as well as their security because depending on how the relationship is layered a simple database breach could level the bank(s). I hope that makes sense.

How do you introduce yourself in a formal meeting?

In a formal meeting, you would first want to tell everyone your name. You would want to say something like this "Hello everyone, my name is (blank)". You then will want to follow up with what position you hold. After you state you name, simply say " I am in charge of (the position in which you work).

What are applications of Information Technology in railways?

Computers and Information Technology are widely used in the railway system and railway industry. e.g. * Tracking, scheduling, monitoring and reporting railway traffic. * Design of railway track systems and railway vehicles. * Managing Railway construction projects. * Pricing and ticketing. Administration, such as * Accounting and financial controls * Statutory records and reports

* Financial reports and taxation requirements * Letter writing, staff records, payroll. Managing carriage of goods, such as

* recording and tracking movement of goods, pricing, invoicing. * Accident and incident records and statistical analysis. Customer relations: Analysis of customer questionnaires etc Daily operations: monitoring lines and enabling control of signals and track-switching.

Explain how a company can insure the integrity of the data on its information technology system?

Protect it from: 1. Viruses and malicious software
2. Accidental deletion
3. Unauthorised access. These problems are usually solved by using adequate antivirus and firewall software and hardware as well as a stringent backup procedure.

What are the contributions of Bill Gates to information technology?

Bill gates influenced technology by creating Microsoft and making the internet and computers more popular. This improved life as we know it, as more computer technology was used in other products.

What are the common information technology project problems?

zfbfb People Forgetting Passwords Operating system getting old and unstable needing to be reinstalled Internet explorer crashing, malware taking over computer Can't connect to a computer, slow computer startup My question is when you use a recovery disc on somebody elses computer it won't let you because that disc is not intended for that computer it has a different OEM or something like that. So what does this mean, does it look at your operating system product key and say this is a different computer or does it look at your motherboard or something else???

Why do big companies still fail in their use of information technology?

Reasons:

  • Lack of user involvement
  • Lack of executive support
  • Changing AND Incomplete requirements and specifications
  • Technological incompetence

They can do:

  • User involvement
  • Executive management support
  • Proper planning and Clear statement of requirements
  • Employees training on IT

Why information technology are not professional?

Since there are currently no uniform national certifications and a very high discrepancy between educational levels of people with the title of "IT" it is not a profession.

Additionally, in order to truly be considered a profession it is typically accepted that you must be licensed by the state you work in, in addition to your national certification.

i.e. MD's must pass the board exam administered by the AMA and they must be licensed by the state in which they practice.

Other factors of importance include that the intended profession set forth a code of ethics that would describe the rights and responsibilities of practitioners.

Finally, in order to be a profession you must possess a body of knowledge that is protected by those that are in the field. This protection is usually accomplished through licensure. Anybody could theoretically learn the body of knowledge that comprises the IT field and practice it, therefore there is no protection.

State or Federal licensing may be incidental to certain professions but is not a uniform or steadfast requirement. A case in point is the Project Management Professional. Individuals who become certified by the governing body, the Project Management Institute (PMI) are professionals in that they have demonstrated, by practice and passing a certification exam, that they have mastered the standardized Project Management Body of Knowledge (PMBOK) making them certified practitioners. However, no state or federal entity is involved in the licensing of these professionals.

Importance of Information technology in todays organisation?

it is used in communication

for inventory management

for data management

for customer relationship management

Why do big companies still fail in their use of information technology What should they be doing differently?

Reasons:

  • Lack of user involvement
  • Lack of executive support
  • Changing AND Incomplete requirements and specifications
  • Technological incompetence

They can do:

  • User involvement
  • Executive management support
  • Proper planning and Clear statement of requirements
  • Employees training on IT

Why should big companies still fail in their use of information technology and what should they be doing differently?

Reasons:

  • Lack of user involvement
  • Lack of executive support
  • Changing AND Incomplete requirements and specifications
  • Technological incompetence

They can do:

  • User involvement
  • Executive management support
  • Proper planning and Clear statement of requirements
  • Employees training on IT

Impact of information technology on financial accounting?

The impact of information technology in accounting cannot be overemphazised because of its significant in accounting. There are there major things IT does to accounting sector

1.It simplify the rigorous procedures of accounting work

2.It makes the job easier

3.It increase the speed of solving accounting problems

4. An organised accounting data for timely use is achieved.

What is the organizational structure of Information Technology department?

I am looking for the IT department structure at walmartBusiness Solutions Group - Basic Function is Application Development. Which includes an Object Librarian, Version Controller: Business Analysis and Solution Deployment Project Management; Application Developers; Integration and Deployment Network Engineering Group - Internet Networks, Wide and Local Area Networks, PABX, Network Security Systems Engineering Group - Server Administrators, Storage Administrators Operation Group - Processing, Back-up, Data Transmission, Printing Data Control - Data Control and Verification, Exception verification, Error Verification post and pre processing NOC/First Line Support Engineers - PC-Telephone Technicians/Engineers; Application Service Desk IT Inventory Group - Inventory Management of Technology Items, License Management, CAPEX/OPEX management Quality & IT Governance Compliance Audit - Standard and Policy Formulation; Risk Analysis; Business Continuity Planning and Testing; Service Level Agreement Performance Analysis Improvement; Systems Audit; IT Compliance/Governance

What is the impact of information technology on advertising?

Information technology has great impact on Advertsing in the sense that Information technology has made the world a global village,thus connecting countries to countries,people far away with with each other via the use of the internet on computers,smart phones,While advertising on the other hand refers to reaching out to people in other to get a purchase or a sale.It also literally means telling a story about your product or service to the populace.Nowadays one does not need to reach out to people via papers,radio,tv stations untargeted audience,expensive audience anymore,when one can do the same via targeted database marketing and web based marketing which is not as expensive as the traditional means of advertising

What are different between formal meeting and informal meeting?

A formal meeting is a preplanned meeting. It has a predetermined set of topics that one wishes to discuss along with a set of objectives that one wishes to achieve at the end of the meeting. At a formal meeting, generally it is a senior executive who presides over the affair. The members of the meeting are often given a considerable period of notice before the meeting, preferably through formal means such as memos. As the title suggest, the atmosphere in such meetings is generally somber, formal.

Informal meetings are generally not planned well in advance. The members are not notified through formal means. They generally take place in neutral surroundings, for example in a restaurant rather than a boardroom.

Technology and politics?

Be more specific pleas. otherwise no one can answer you question

What are the benefits of information technology on business?

The advantages of information technology are vast. True globalization has come about only via this automated system. The creation of one interdependent system helps us to share information and end linguistic barriers across the continents. The collapse of geographic boundaries has made the world a whole. The technology has not only made communication cheaper, but also possible much quicker and 24x7, it has also help spark growth through out many industries. All of this can make or break a struggling company.

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