Information Technology (INFT)
Information Technology (IT) is the application of computers and telecommunications equipment to accumulate, recover, transmit and control the data.
An Information Technology degree is one of the most aspired degrees today for both undergraduate and post graduate students. Information Technology can be used widely in all the sectors of the economy. It offers a bright future for the innovative and growth oriented students.
Due to increasing demand for the Information Technology professionals, it has become the most favorite career option all over the world. Information Technology can be applied in various sectors such as in banking business, agriculture, telecom, health and medicine, railways, finance, Insurance Sector, forensic science, police wireless and even in the education sector.
I.T. related work includes the installation of networks; network administration and security; the design of website; the development of multimedia resources; the installation of communication components; the error of email systems; and the planning and management of the technology lifecycle.
Several industries are closely associated with information technology, such as computer hardware, software, electronics, semiconductors, internet, telecom equipment, e-commerce, computer services etc.
The IT industry has two major components : IT Services and business process outsourcing (BPO). The growth in the service sector in India has been led by the IT–ITES sector, contributing significantly to India’s GDP, employment, and exports.
The major cities that account for about nearly 90% of this sectors are Bangalore, Hyderabad, Chennai, Delhi, Mumbai, Pune, Kochi & Kolkata.
Today, Bangalore is famous as the Silicon Valley of India and contributes 33% of Indian IT Exports. India's second and third largest software companies are head-quartered in Bangalore.
Top Five Indian IT Services Providers are Tata Consultancy Services, Infosys, Cognizant, Wipro and HCL Technologies.
This sector has also led to enormous employment generation. However, the sector continues to face challenges of competitiveness in the globalized world, mainly from countries like China and Philippines.
India's growing importance in the Information Age enabled it to form close relation with the United States of America and the European Union. Yet, the recent global financial crises have deeply impacted the Indian IT companies as well as global companies.
As a result hiring has dropped sharply, and employees are looking at different sectors like the financial service, telecommunications, and manufacturing industries, which have been growing phenomenally over the last few years.
India's IT Services industry was born in Mumbai in 1967 with the establishment of Tata Group in partnership with Burroughs. The first software export zone SEEPZ, in Andheri, Mumbai was set up here way back in 1973.