Information Technology Industry

Information Technology Industry?

Information technology (IT) is the use of any computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data. Typically, IT is used in the context of business operations, as opposed to the technology used for personal or entertainment purposes. The commercial use of IT encompasses both computer technology and telecommunications.

The Harvard Business Review coined the term information technology to make a distinction between purpose-built machines designed to perform a limited scope of functions, and general-purpose computing machines that could be programmed for various tasks.

As the IT industry evolved from the mid-20th century, computing capability increased, while device cost and energy consumption decreased, a cycle that continues today when new technologies emerge.

The simplest form of technology is the development and use of basic tools. The prehistoric invention of shaped stone tools followed by the discovery of how to control fire increased sources of food. The later Neolithic Revolution extended this and quadrupled the sustenance available from a territory. The invention of the wheel helped humans to travel in and control their environment.

Developments in historic times, including the printing press, the telephone, and the Internet, have lessened physical barriers to communication and allowed humans to interact freely on a global scale.

Information Technology

Publishing of computer games

Other software publishing

Computer programming activities

Computer consultancy activities

Computer facilities management activities

Other information technology and computer service activities

Data processing, hosting and related activities

Web portals

Role of Shamkris

A Project Report is a document that provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.

Shamkris will provide a Project report covering Industry License requirements, competitor analysis, Land requirements, machinery requirements, equipment requirements, and financial requirements.

Some of the areas covered in the project report are outlined below:

  • Introduction
  • Project Description
  • Uses and Applications
  • Market Survey
  • Raw Materials
  • Manufacturing Process
  • Process Description
  • Process Flow Diagram
  • Plant Layout
  • Details of Plant & Machinery
  • Suppliers of Raw Materials
  • Suppliers of Plant & Machinery
  • Plant Location Factors
  • Land & building Required
  • Power and Water Required
  • Details of Manpower Required
  • Financials of the Project
  • License and application Certificate

Financials of the Project includes:

  • Land and Building Costs
  • Plant and Machinery Costs
  • Other Fixed Assets
  • Fixed Capital Investment
  • Raw Material Costs
  • Salaries and Wages
  • Total Working Capital
  • Cost of Project
  • Total Capital Investment
  • Cost of Production
  • Turnover per Annum
  • Profitability Analysis
  • 5-year Profit Analysis
  • Break-even Point
  • Resources of Finance
  • Cash Flow Statement
  • Projected Balance Sheet

FAQ

Information technology is building communications networks for a company, safeguarding data and information, creating and administering databases, helping employees troubleshoot problems with their computers or mobile devices, or doing a range of other work to ensure the efficiency and security of business information 
Some of the examples are:
  • Telephone and radio equipment.
  • Video conferencing equipment.
  • Personal computers.
  • Performance management software for managing goal setting and performance review.
  • Content management software for blogging and collaboration.

The purpose of an Information Technology System is to help people carry out their work and achieve their objectives within an organization. Productivity and efficiency improvements using technology are the key focus.