Information & Communication Tech.

Srujana Patnaik
8th Sem, IT

One cannot manage change. One can only be ahead of it. In a period upheaval such as the one we are living, change is the norm. To be sure it is painful and risky & above all it requires a great deal of hard work; but it is sure. If organisation will not lead change, the organization will not survive and this is a management challenge.
In these recent years, it is characterized by a series of tectonic changes. To adopt the changes not only it is difficult but it leads to collapse of some system values which are incompatible with realities.
Essential information and communication Technology (ICT) decrease transaction cost, open new communication channel, redefine business and alters market balances.
Technology upgrades require:-
1. An account on policy.
2. Regulations.
3. Education.
4. Training.
5. Technology assessment program.
To enhance assessment capacities for innovative use of ICT and best practices.
Therefore, it is necessary to develop a broad ecosystem of strategic design, development and technology partners for enabling and driving innovation.
So far as India is concerned, it is capable of accepting the challenge of change.
It is poised to emerge as a globalised, knowledge based economy and ensuring sustain need improvement is the standard of living. It has been accepted that innovation and knowledge are drivers of competitiveness-ICT, gained popularity , partially due to converge of Information Technology and Tele-communication technology which includes all technical means of processing and communicating information which helps an organisation to optimally manage its resources to enhance the quality of products and services for satisfaction of customers. ICT has a catalytic effect and provides the key differentiator across firms and industries. This technology has raised speed of retrieval ,storage capacity and accessibility of much more complex ,accurate and diverse information sources, besides generating beneficial and large multiplier effects .The tremendous diversity is terms of products, processes and pricing , stage of development, business model and strategies makes any generalisation difficult. Only ICT can help to solve the problems.
Use of technology for financial inclusion is very critical but it is only possible by ICT.ICT will fulfil the need to use alternative delivery channels so that over a period of time organisation will be able to bring down the time spend on transaction which will help for business acquisition.
ICT can help slashing the cost for providing existing products and services. ICT helps in implementing changes in product offerings work flows and organisational controls. ICT helps effective changes are location and configuration of premises, hardware and software requirements along with human resource requirements. ICT is developing and implementing system that optimise efficiency by minimising cost, modifying or eliminating certain products, services, overhead expenses and Management Information System(MIS).
This then is the roadmap fro the future which will truly drive the change of organisation by enhancing productivity, processing and creating a buoyant industrial economy with a changed configuration of output and market size. This will lead to a WIN-WIN situation not just for the organisation, for the public, for the customers but Indian Economy is the globalisation period and Sustainable growth trajectory.