Information technology has many uses, including education. IT has made it possible for schools to keep records for years, without having to keep each record on individual paper files. IT allows teachers and administrators to track records for students through an online server, which takes up much less space than individual files. Schools must keep records of all students, faculty members, and staff members, and this technology makes this process easier. However, it does not stop at educational institutions.
In business, information technology creates new businesses within existing businesses. By embedding information processing, companies often find they have excess capacity and skills that they can sell outside the company. Sears, for example, leveraged its skills to process credit card accounts and sold the services to Mellon Bank and Phillips Petroleum. In entertainment, information technology can give people access to unlimited media. OTT platforms can be a great place to watch movies and television shows.
IT also improves efficiency. Banks and financial institutions can now send and receive computerized clinical data with ease. These changes improve efficiency and productivity in banking and finance, and help increase the time specialists can spend with patients. Social media is also used to engage customers and build brand loyalty. Finally, information technology is a driving force in healthcare. It has made it easier to transfer money and medical records over the internet. Furthermore, information technology helps protect sensitive medical information and ensures that it is protected from prying eyes.