Information Technology, Economy and Banking Sector

K. B. Sharma; Gauravkumar R. Khandelwal; Mahendrasing G. Rathod

doi:10.17697/ibmrd/2014/v3i1/46715

Information Technology, Economy and Banking Sector

Authors

K. B. Sharma Department of Management Studies, SSVPSâ€™s B S Deore College of Engg, Dhule
Gauravkumar R. Khandelwal Department of Management Studies, SSVPSâ€™s B S Deore College of Engg, Dhule â€“ 424 001
Mahendrasing G. Rathod Department of Management Studies, SSVPSâ€™s B S Deore College of Engg, Dhule

DOI:

https://doi.org/10.17697/ibmrd/2014/v3i1/46715

Keywords:

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

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.

Downloads

Download data is not yet available.

Downloads

How to Cite

Sharma, K. B., Khandelwal, G. R., & Rathod, M. G. (2014). Information Technology, Economy and Banking Sector. IBMRD’s Journal of Management & Research, 3(1), 116–124. https://doi.org/10.17697/ibmrd/2014/v3i1/46715