Today, IT (Information Technology) industry has becomes one of the largest industries in the world. IT sector is the key driver of global economic growth as more than any other industry; in the developed world IT industry has an increased productivity. Nearly in all major global industry, Information Technology and its associated hardware as well as software are an integral part. This rapidly growing sector is characterized by insatiable demand from enterprises and consumers and economies of scale. According to The Information Technology Association of America, Information technology is defined as an information system based on a computer encompassing all possible aspects.
What IT Sector Needs?
As the IT sector is growing rapidly, most of the companies now need employees who have at least some basic knowledge of computers. Today, every business is looking forward to computerize their business activities due to this, the demand for engineers and software professionals have increased. Now, employers require professionals who have strong programming skills and business and interpersonal skills as well. In the IT industry there are both hardware and software involved ranging from computer systems to design and implementation and development of IT and management systems. Over the years the demand for IT services has increased substantially because of the availability of wide range of IT products and its easy accessibility. This is why; IT sector has emerged as a source of both employment and growth.
IT Industry and its Features
For Information Technology industry, the economies of scale are high. Compared to the value addition the marginal cost of each unit of additional hardware and software is too small. IT sector is knowledge based sector unlike other industries. To help a country’s economy and to achieve a rapid pace of economic growth, efficient utilization of skilled labor forces in the sector will be a great help. Apart from that, many other sectors are also growing with the help of IT industry that includes manufacturing and services sectors.
What Role did IT Industry Plays?
Serving as a medium of e-governance, IT industry assures easy accessibility to information. As Information Technology has become a vital part of every business including multi-national corporations to small businesses. The role of IT in the service sector is strongly felt from hospital management, pharmaceutical shops, share trading, banking, educational institutions to advertising and marketing research agencies and in other service sectors as well. In communication, inventory management in any organization, data management and in management information systems, etc IT plays a vital role.
The Domain of the IT Sector
Under the IT sector there comes a wide variety of domain such as database design and development, networking, system architecture, maintenance and hosting, application development, security services, network integration in VA, operational support, documentation and testing.