Latest Developments in Information Technology

7/29/2019 Latest Developments in Information Technology

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LATEST DEVELOPMENTS IN INFORMATION TECHNOLOGY

The field of IT is virtually booming today, with more and more advanced technology

coming in the market, making life a lot simpler for both home andbusinessusers. The

internet had been a marvel when it came into existence couple of decades back. Then

came email and mobile technology. Then it was broadband, WiFi, and optical fibercommunication. Each innovation has been bestowing more benefits on its users.

Computers are getting faster and more reliable than ever before. And software is not

lagging too far behind either.

Listed below are some of the latest IT technologies that have just entered the IT arena;

1. M- COMMERCE OR MOBILE COMMERCE

M-commerce or mobile commerce is the ability to conduct commerce using amobile device such as mobile phone, a personal assistant digital (PDA), a

smart phone or other emerging mobile equipment such as dash top mobiledevices. It has been defined as M-commerce is any transaction involving atransfer of ownership or rights to use goods or services which is initiated andcompleted by using mobile access to computer mediated networks with thehelp of an electronic device.2. E-PUBLISHING OR ELECTRONIC PUBLISHINGE- Publishing or electronic publishing includes the digital publication of e-books and electronic articles and the development of digital libraries andcatalogues. E-publishing has become common in scientific publishing when ithas been argued that peer-reviewed scientific journals are the process of

being replaced by e-publishing

3. V-COMMERCE OR VOICE COMMERCEV-commerce or voice commerce is a term coined by Nuance communicationas an umbrella term for the use of speech recognition to allow for voiceactivated service, including telephone dealing,internetbrowsing and emailretrieval. Although such devices usually have a limited, specialized,vocabulary that is more elaborated than saying yes or no or simplypronouncing a number.

4. THE TRIBANDTriband is usually a mobile phone device that connects online through threeradio frequency bands, in order to give better and faster internet connectivityto the user. The triband has become extremely popular in many countriesincluding India.
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5. THE QUADBANDThe term quad means 4. The quadband is similar to the triband only. It is yetmore advanced. It connects online using four frequency bands. This is a veryrecent introduction and is slowly gaining more popularity among its users.

6. BLACKBERRYThe BlackBerry is a stunning handheld device that is actually cellular phonewhich also supports email, browsing, internet faxing, online printing and avariety of other online functions. This is basically designed to let busybusiness people or executives to access internet even when they have to tourinternationally. This efficient palm device easily connects to the internetwithout the least bit of trouble and can help its user arrange all his dataaccording to his preferences.

7. IPTV (Internet Protocol Television)IPTV or internet protocol television relies on the triple play service. Thisdelivers broadband connections, VoIP and VoD services too, all the sametime. This type of TV is also popularly known as internet television. Thisconnects online using LANs or other computer networks.

8. TECH EQUIPMENTA lot of new mobiles, computer and laptop models are too are entering themarket every single day, each one with more features than its processor.GSM mobile phones are being used in a big way to help both the police and

the public. These phones help in vehicular tracking and also provide precisecity and road maps to those travelling to new, unknown locations.The latest tech news is that Seagate is planning to introduce its new laptopwhich is slated to have 10 times more disk storage space than the regularlaptop computer. This could lead to a laptop being capable of storing upto oneterabyte of data, which is an amazing concept in itself

Above mentioned are some of the latest technologies in the IT field. But todayinformation technology plays a vital role in many industries such as banking,education, automobile industries etc. Some of them are given below;

1. IMPACT OF IT IN TELECOMMUNICATION SECTORTelecommunication is the transmission of information, over significantdistances, to communicate. In earlier times, telecommunications involved theuse of visual signals, such as beacons, smoke signals, semaphoretelegraphs, signal flags and optical heliographs etc. But as a result of newtechnologies are invented just like as first generation, second generation, third


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generation and fourth generation. Information technology andtelecommunication industry are interrelated. So development oftelecommunication sector is based on information technology.

2. IMPACT OF IT IN TEXTILE INDUSTRY

Today IT plays a vital role in the field of textile industry. Any manufacturingunit employs 4Ms that is men, material, machine and ofcourse money. To getorganizational success managers needs to focus on synchronizing all thefactors and developing synergies within and outside organizational operations.With the increased competition companies are taking support of IT enhanceits supply chain management (SCM) and using it as a competitive edge. Inshort, many textile company are liveraging the technical power to addingvalue to their business.

E- RETAILING

E textile retail giants are adding an internet shopping components to theiroffering. It has affected their distribution and warehousing infrastructure. As aresult of going online, retailers have changed their supply chain strategy. Highvolume products with stable demand are stocked in local stores, while lowvolume products are stocked in centrally for online purchasing.

3. IMPACT OF IT IN BANKING SECTORThe usage of IT, broadly referring to computers and peripheral equipment,has been tremendous growth in service industries in the recent past. Themost obvious example is perhaps the banking industry, where through the

introduction of IT related products in internet banking, electronics payments,security investments, information exchanges, banks now can provide morediverse services to customers with less manpower. Seeing this pattern ofgrowth it seems obvious that IT can bring about equivalent contribution toprofits.

Automated Teller Machine (ATM) is one of the best example of thedevelopment of IT in banking sector. If ATMs are largely available overgeographically dispersed areas the benefits from using an ATM will increasesince customers will be able to access their bank account from anygeographic location they want. This would imply that the value of an ATM

network increases with the number of available ATM locations, and the valueof a banks network to a customer will be determined in part by the finalnetwork size of the bank.

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Latest Developments in Information Technology