business environment (use of technology in business)

8/9/2019 Business Environment (Use of Technology in Business)

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PRESENTED TO :-Prof. Kamlesh


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Stores like Levi Strauss and Wal-Mart are realizing thatinformation technology can cut their holding costs andincrease the inventory turnover.

Healthcare is an industry on the brink of realizing newcore competencies based on IT. Quality, speed, and accessibility achieved by computer

systems continue to cement the place of IT in thebusiness world.

E-commerce has put the customer in control oftransactions and driven competitors to compete withprice and quality.

Hence Most competent business strategy is electroniccommerce.


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THE PERIOD OF 1991..

The Department of Electronics broke thisimpasse creating a corporation called SoftwareTechnology Parks of India (STPI) Owned by thegovernment.

Which Had its own monopoly. STPI set up software technology parks in different cities.

Each provided satellite links to be used by firms; the locallink was a wireless radio link.


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INDIAN ECONOMY IN 1991

The Indian economy underwent economic reforms in 1991,leading to a new era ofglobalization and internationaleconomic integration.

Economic growth of over 6% annually was seen between1993-2002.

The economic reforms were driven in part by significant theinternet usage in the country.

The new administration underAtal Bihari Vajpayeewhichplaced the development of Information Technology among itstop five priorities formed the Indian National Task Force on

Information Technology and Software Development.


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PERIOD OF 1993CONTD

In 1993 the government began to allow individualcompanies their own dedicated links.

Which allowed work done in India to be transmittedabroad directly.

Indian firms soon convinced their Americancustomers that a satellite link was as reliable as ateam of programmers working in the clients office.


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CANADIANS..

Developed a network known as CertaPay. It was the first e-mail payment network Made an ample range of next-generation payment

capabilities to be a reality transactions could be made through e-mails. transactions became electronic and instant. CertaPay made their money by charging a fee on

each online transaction somewhat like an ATM fee.


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five million Canadians who use this online bankingsystem to send and receive money transfers.

fifteen million Canadians with an e-mail accountwho can receive a money transfer.

This makes CertaPay the first and largest person-to-person interbank network in the world.


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VIDESH SANCHAR NIGAMLIMITED (VSNL) now known as TataCommunication

Introduced Gateway Electronic Mail Service in 1991 The 64 kb/s leased line service in 1992 commercial Internet access on a visible scale in 1992. Election results were displayed via National Informatics

Centre's NICNET. Historically telecom network in India was owned and

managed by Government as it is considered as astrategic service.

At that time the Telecom industry was monopoly innature.


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TELECOMMUNICATIONS

The New Telecommunications Policy, 1999 (NTP1999) helped further liberalize India'stelecommunications sector.

The Information Technology Act 2000 created legalprocedures for electronic transactions and E-commerce.


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REFORMS IN TELECOM SECTOR

Reforms in telecom sector began in 1980 withtelecom manufacturing being opened for privatesector followed by national telecom policy(NTP) in1994 and 1999.

In 1990 telecom revolution in many countrieswhich resulted in better quality of service withlower tariff rates force Indian policy makers to open

up telecom sector for private players.


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The decade of 1980's saw private sector beingallowed in telecommunications equipment

manufacturing.

Mahanagar Telephone Nigam Limited (MTNL) andVidesh Sanchar Nigam Limited (VSNL) wereformed.

A telecom commission was set up to give focus totelecommunications policy formation


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CURRENT SCENARIO IN TELECOMINDUSTRY

India is 4th largest market in Asia after China,Japan and South Korea.

India is the 5th largest in the world and 2ndlargest among emerging economies of Asia.

Contribution of telecom sectorin terms ofrevenue is 2.1 % of GDP as compared to2.8%

indeveloped economies.


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TELECOM SERVICE PROVIDERSAND EQUIPMENT MAJORS

Represents the largestforeign investment in thetelecom services sector inIndia.

Has a 10% stake in Bhartitelecom, an integratedservice provider.

Largest pure-play GSM

service provider in India

Has over 15 millionsubscribers

Nortel offers a suite ofproducts and solutionsacross two broad categoriesCarrier Networks(incorporating WirelessNetworks, Wire lineNetworks and Optical

Networks) and EnterpriseNetworks.


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TELECOM SECTOR TARGETS ANNOUNCEDBY GOVERNMENT OF INDIA

500 million subscribers by 2010 20 million broadband subscribers by 2010 India poised to be a USD 40 bn - 45 bn telecom

market by FY 2010


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CLASSIFICATION OF TELECOM SECTOR

Fixed linetelephony

MobileTelephony

Internet Telecomequipments

BSNL and MTNLaccount for 90%revenue for basic

services.

25 private companiesproviding cellular servicesin 19 telecom circles and

4 metro cities, covering1500 towns across thecountry.

There is norestriction on thenumber of internet

companies andmore than 185companies areoperational.

Growth in thetelecom equipmentmarket resulted in

increasing demandfor telecomservices.

Private sector available in18 circles and collectivelyaccount for 10% ofrevenue.

Presently, there are fiveprivate service operatorsin each area, and an stateoperator

Growing demand ofcorporate forapplications such aselectronic

commerce, Internetleased lines, ISDN,VPN etc is drivingthe growth of theinternet servicesmarket.

Key players likeBSNL, BHARTI,RELIENCE, TATA,BPL and

HUTCHISON willdrive equipmentmarket growth.


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TOP SIX IT HUBS IN INDIA

Ranking City/Region Description

1 BangalorePopularly known as the capital of the Silicon Valley of India is currently leadingin Information Technology Industries in India.

2 Chennai Chennai is the second most preferred destination in India for IT.

3 HyderabadHyderabad which has good infrastructure and good government support isalso a good technology base in India.

4 KolkataKolkata which is slowly becoming a major IT hub in near future. Some of thewell known technological corporations are situated.

5 NCR

The National CapitalRegion ofIndia comprising Delhi, Gurgaon, Faridabad, Noida, GreaterNoida and Ghaziabad are having ambitious projects and are trying to do everypossible thing for this purpose.

6 Pune The booming city is the home to a good number of Software companies.


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In 1990s, telecommunications sector alsobenefited from thegeneral opening up of the economy.

NTP 1994was the first attempt to give a comprehensiveroadmap for the Indian telecommunications sector.

o Availability of telephones ondemand (targetedby 1997)

o Universal service covering all villages andone pco per500 persons inurban areas at the earliest (targeted tobeachievedby 1997)

o Telecom services at affordable and reasonable prices


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TODAY..

$80 billion is traded over the internet annually.

by year 2030 the number is estimated at $4 trillion. Technology provides the tools for business to

increase its productivity and profitability.


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ATM

The first use of ATM magstripe cards is said tohave been made in 1969 when Docutel installed itsDocuteller machine at New York's Chemical Bank.This is the first recorded use of magnetically

encoded plastic. Donald C Wetzel is given credit for developing the

machine for Docutel. Docutel was the first to applyfor a patent and is credited by the SmithsonianMuseum as inventor of the ATM.

In 1987, India get one when the Hongkong andShanghai Banking Corporation(HSBC) introducesthe ATM concept in India in 1987.


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WHO INVENTED THE ATM? WHO INVENTEDTHE FIRST AUTOMATIC CASH DISPENSER?

Inventor John Shepherd-Barron installed theworld's first automatic cash dispenser at aBarclays Bank branch near London in 1967. Themachine was made by De La Rue Instruments and

it used paper vouchers that had to be purchasedfrom tellers in advance. The machine was calledthe De La Rue Automatic Cash System, or DACS.John Shepherd-Barron, 79, was named an Officerof the Order of the British Empire (OBE) forservices to banking on December 30, 2004.


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CONCLUSION

Information Technology has made theunthinkable happenin less than20 years.

Speed, efficiency, quality, productivity, andmany other aspects of the business world are

affectedby information technology. Technology is increase with time, which is

presenting newopportunities andis affectingourway of living towhere we never thoughtpossible.


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CONCLUSION..

Technology has many effects on the business world. Everyday there are new technologies andnewbreakthroughs of technology systems andapplications fororganizations.

Fororganizations tocontinue in the market theymust stay updatedwith these new technologies andimplement them the correct way.

Technology has changed the roles ofmany positionsin the work force andis continually going towardsmaking decisions faster and easier, flexibility,consumer satisfaction, and accessibility.

Today forone to succeedin the business world,obtaining computer literacy is no alternative.


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Throughout the 1990s, anotherwave ofIndianprofessionals entered the United States.

The numberofIndian Americans reached 1.7millionby 2000.

This immigrationconsisted largely of highlyeducated technologically proficient workers.

Graduates from the IndianInstitutes ofTechnology (IIT)became known for theirtechnical skills.


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The success ofInformation Technology inIndia not onlyhad economic repercussions but also had far-reachingpolitical consequences.

India's reputationboth as a source and a destination forskilledworkforce helpedit improve its relations with a

numberofworld economies. The relationship between economy and technology

valuedin the westernworldfacilitated the growth of anentrepreneurial class ofimmigrant Indians, which furtherhelped aidin promoting technology-driven growth.


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THANK YOU FOR

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