Information and Communications Technology or ICT houses all of the digital technology that is assisting businesses, organizations and even private individuals to use and distribute information. This is covering all of the electronic products that are dealing with any form of information in a digital format. With this in mind, ICT is more on the digital storage, transmission and retrieval.
ICT is Everywhere
In fact, this very technology that we are using now can be used in finding towing service near me or any other service or product you think of. This at the same time made business activities and operations a lot more effective, efficient and prompt in responding to the needs of customers.
ICT can provide assistance to various business activities which include but not limited to the following:
- Research and Development
- Sales and;
Contrary to the foreseeable future of where ICT’s path would go, it’ll decrease demand for face-to-face communication and will lead to bigger dispersion of economic activity.
Also, it is forecasted that ICT is promoting industrial agglomeration and it is being argued that searching for jobs and recruitments through the internet do offer great potential in gaining efficiency to labor market as well as economy by reducing cost of transaction and provide improved matching between vacancies and workers by means of distributing information on a wider scale.
As a matter of fact, there have been countless studies showing opportunities presented by ICT to business. To give you an example, SP or Software Piracy is a prevalent issue and is a worldwide problem. This additionally presents a serious challenge among software developers and producers. The problem is even amplified due to the pervasiveness of World Wide Web and progression of technology which significantly increased the odds of increasing the violation of intellectual property rights.
A Constant Battle
By establishing even simple measures in curbing SP effectively will require thorough understanding of the underlying motivation and also, justification for its behaviors and rates along with other factors that are influencing them. Researchers are working on future designs that focus on demographics, economic development and corruption index that will help in deflecting this issue down the road.