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    Uses of ICT

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    Akif Farhan
    ICT is used in many ways in banking including through ATMs and online banking which allow customers to access their accounts 24/7 without needing branches to be open. This reduces staffing needs and saves banks around 50% on transaction costs compared to traditional banking. ICT also enables banks to easily store and access customer account information and make changes to balances.

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    Uses of ICT

    Uploaded by

    Akif Farhan
    126 views4 pages
    ICT is used in many ways in banking including through ATMs and online banking which allow customers to access their accounts 24/7 without needing branches to be open. This reduces staffing needs and saves banks around 50% on transaction costs compared to traditional banking. ICT also enables banks to easily store and access customer account information and make changes to balances.

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    Uses Of ICT

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    ICT is used in many ways in banking including through ATMs and online banking which allow customers to access their accounts 24/7 without needing branches to be open. This reduces staffing needs and saves banks around 50% on transaction costs compared to traditional banking. ICT also enables banks to easily store and access customer account information and make changes to balances.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    126 views4 pages

    Uses of ICT

    Uploaded by

    Akif Farhan
    ICT is used in many ways in banking including through ATMs and online banking which allow customers to access their accounts 24/7 without needing branches to be open. This reduces staffing needs and saves banks around 50% on transaction costs compared to traditional banking. ICT also enables banks to easily store and access customer account information and make changes to balances.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Uses Of ICT

    Education
    Information and communications technologies (ICT) are a diverse set of technological tools and resources used to communicate, and to create, disseminate, store, and manage information. Communication and information are at the very heart of the educational process, consequently ICT-use in education has a long history. ICT has played an educational role in formal and non-formal settings, in programs provided by governmental agencies, public and private educational institutions, for-profit corporations and non-profit groups, and secular and religious communities. Much has been written about the use of film, radio, telephones, and television in education, (cf., Cuban, 1986; De Korte, 1967; Molnar, 1997). Because access to digital tools, applications, and networks continues to grow worldwide and media are increasingly available in digital form, ICT-use in education can be expected to increase dramatically.

    E-commerce
    There is now growing evidence that enterprises gain substantially from ebusiness. Fast productivity growth in industrialized countries has been largely attributed to the widespread application of ICT, creating millions of new jobs and billions of dollars in savings. Figures on e-commerce and ICT do not exist for developing countries. The only statistics available are related to Internet usage and, although the Internet is a prerequisite for e-commerce, the number of users does not indicate how many actually exploit it as a trading tool. While one third of the population in the industrialized world uses the Internet, the estimated figure for developing countries is no more than 4%, and it is even lower if you exclude some of the more advanced developing economies. More and more countries are now aware of what they stand to gain from ICT. Despite the obstacles, in particular lack of infrastructure and access, some countries have created digital niches for themselves. Not only that, but in developing countries, IT now accounts for a greater share of total exports than in the developed economies. In terms of production, India is an example of the growing importance of this sector: software and IT services are expected to represent 10 % of the country's GDP in 2008 - five times more than in 2002 - and create four million new jobs. Some Governments have launched vigorous campaigns to raise awareness about ICT.

    Banking
    ICT is used in a number of ways in banking, but the most popular ways used is through the use of ATM and online banking. ICT is also used in banking in storing information on credit cards, cash cards and debit cards on their magnetic strips. This allows them to easily find out account information on their customers, and make changes to their account balance easily. ICT has also enabled the banks to make customers money more accessible with the invention of the ATM. The Benefits are customers can access their accounts 24 hours a day without having to have branches open. The customers do all of the work themselves so staff numbers can be reduced. Traditional banks are very expensive to run, high street rental for a branch costs hundreds of thousands of ringgit per year.On top of that are staff costs, insurance, heating and lighting costs. It has been estimated that banks can save around 50% on the cost of transactions through the use of online banking.

    Industry
    Computer-aided design (CAD) is now common in industry. ICT is most often used in mass production, as computer control makes it possible to produce many identical items very quickly. But ICT is also useful in small batch and even one-off work, as computer control enables complicated shapes to be produced more accurately than by hand.

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