1. Introduction
What are Information and communication Technologies?
“Information and communication is essential for a society in terms of education, economic and political awareness, social relations, entertainment and well being of the individuals of a society” .
In today’s globalized world information and communication is the base of businesses like media, telecommunication and software industry. TVs, Computers, cell phones, and internet are considered as development and a step forward in the human history. So Improvement in technologies is considers as high economic growth and increasing welfare.
It is common understanding that ICT sector is rapidly growing and very important in development of economy. The data characterizing the relevance of ICT may as well as refer to domestic production, import, export, and consumption of commodities relating to ICTs. So there must be some comprehensive definition of ICT.
The common international definition of ICT is given by Organization of Economic Co-Operation and Development (OECD). OECD is a working party on indicator of information society , it released a guide that defines ICT on more than 70 pages but here we will see the comprehensive definition.
“The OECD defines the ICT “sector” as the combination of industries of manufacturing and services ”
Broadly Information and Communication Technologies impact education, business, communication, entertainment, employment and banking. So we can say it impacts the whole society and its reforms environment. In ICT sectors there are numbers of huge enterprises working around and generating the revenue of billons and trillions of dollars. In simple they are cash cows , we have the examples of INTEL, AMD, MICROSOFT, NOKIA, and SAMSUNG. There are number of other companies that are playing major role in isolated and global economies.
Read full post
