Information and Communication technologies (ICTs) comprise of tools and resources related to information technology, like computers, storage, networking and other physical devices, infrastructure used for communicating, creating, disseminating, storing, securing, managing and exchanging all forms of electronic data and information. ICT includes products that store process, transmit, convert, duplicate, receive electronic information by using electronic textbooks, instructional software, email, chat and distance learning programmes.
Tag: internet technologies
As per a recent article in the economic times, the Bank of Baroda will not levy any charges on digital transactions for the next three months. This is in the wake of Coronavirus pandemic where Bank of Baroda is looking to promote digital payments and encourage more customers to avail banking services digitally, without visiting branches.
As early as 1991, the concept behind blockchain technology was pronounced when research scientists Stuart Haber and W. Scott Stornetta presented an applied solution for time-stamping digital documents in order that they might not be backdated or tampered with.
In the current scenario, internet has become an inseparable part of most of the humans prevailing in the world. There has been noted a considerable increase in the number of people joining internet in the last decade.
In today’s world of modern communication technology, mobile phone is a device to enable to remain united with the world. With advancement, smartphones equipped with Google’s Android, Apple’s IOS mobile operating system etc. have brought in integrated services of computing, voice communication, mobile based apps (Facebook, TikTok, YouTube), online purchasing and web browsing etc. Smartphones thus have become technology oriented companion for all age groups.
Let’s dive into various pointers that signify the role of cryptocurrency post Covid era:
- During pandemic crisis of coronavirus government and banks observe a high risk factor in handling of cash because paper currency has a high potential to carry virus and bacteria as it involves change of hands between unknown people many times a day. Previous researches during 2015-16 in India have concluded that almost 60-90% of currency collected from various peoples including doctors contained virus, fungus, bacteria and other pathogens that can cause various diseases. Some of the major institutions like Deutsche Bank has stated that this pandemic could be the tipping point for digital currency adoption. To overcome the spreading of virus through currency notes, people/ institutions will start adopting digital payments systems like cryptocurrencies. This will also lead to new job opportunities being created in this domain.
Search engine optimization is a marketing discipline focused on growing visibility in organic (non-paid) search engine results. Search engines use extremely sophisticated computer programs to classify many websites. By entering a search query into the search engine, a user introduces the search term that the search engine then compares to the catalog of the website. As a result of this process, the search engine on the search results page displays the best search queries.
It has four componenets- task, people, technology and structure. According to the Leavitt’s model, if any change is encountered then all the four components must be changed simultaneously. This is helpful for task arrangement of people and implementing some specific structure.
Strategic Alignment Model
Strategic alignment between and the business occurs when it is used to dynamically create and exploit business opportunities, it is further used to transform business. Any business is built with the integration of Business strategy and I/T strategy and its strategic alignment model is built upon Strategic Fit and functional Integration.
This alignment involves the assessment of implementing chosen business strategy through appropriate IT strategy and the articulation of the required I/S infrastructure and processes. In contrast to that strategy execution logic, this perspective is not constrained by the current organization design but instead seeks to identify the best possible IT competencies through appropriate positioning the IT market place as well as identifying the corresponding internal I/S architecture. The strategic management process also defines the changes in the I/S infrastructure that were necessary to execute this technology strategy. Continue reading “Business Strategy As The Driver: Perspective – technology transformation”