Information Technology Is the Reason Behind Unemployment in Business Organizations

COURSE NAME: INFORMATION SYSTEMS MANAGEMENT

SECTION BW

ASSIGNMENT NO: 01

ASSIGNMENT STATEMENT / TOPIC: “Information Technology is the reason behind unemployment in business organizations.”

STUDENT NAME: TUBA ISMAIL

STUDENT ID: FA18-BBAH-0076

DUE DATE ASSIGNED: 05-03-2019

SUBMISSION DATE: 12-03-2019

FACULTY: SIR AHMER UMER

SPRING 2019 SEMESTER

MOHAMMAD ALI JINNAH UNIVERSITY

TOPIC: Information Technology is the reason behind unemployment in business organizations. Do you agree or disagree with the statement? Explain your answer using suitable examples.

Information Technology is all about the efficient use of hardware and software to store, retrieve, sharing resources and exchanging information. IT was first used to share information with each other and now with gradually increasing innovation and advancement it has become a major part of our lives. Information Technology has revolutionized our world than before; an evidence of this is that few decades’ back Letters were exchanged to communicate through post office which was a time-consuming and a little bit expensive method. But now, Communication is made easier through Information Technology we can send instant e-mails and messages anytime, from and to anywhere without any cost, Audio and Video calls can be made to communicate which is also free of cost. Information Technology has introduced Globalization to the world and has removed communication barriers we can interact with world anytime we want, beyond borders of countries or within the premises of a country or city. Another advancement of Information Technology is that Business Transactions can be made anytime you can buy or sell products whenever you want and another great example is Online Services of banks like Payments of Bills, Transfer of Money and Funds is made easier through IT which means Business is available 24/7.

Along with its numerous benefits there are certain demerits of IT which includes;

Insecurity and Hacking issues: Anyone having knowledge of IT could easily hack important documents or website of a particular company. It is made necessary for every business and company to adopt Information technology in order to compete in business environment.

Expense for implementation of IT: For the proper regulation of business transactions, an information system is required and for this purpose companies have to invest more in IT such as installation of Hardware and software whether it is being rented from a software house or purchased directly from the Software company and to make these software familiar to employees different training sessions and seminars are held to train them, so collectively it requires a lot of money for the implementation process.

Another major drawback of IT is increasing rate of ‘UNEMPLOYMENT’ that is why I strongly agree with the statement that “Information Technology is behind the unemployment in business organizations.”

UNEMPLOEMENT: Unemployment could be defined as the ability and willingness of a person who can work well but due to some reason couldn’t find a deserving job. No doubt there is a big hand of IT behind the unemployment or we can say that Technological advancement is directly proportional to the increasing rate of unemployment at every level.

Here are some examples which prove that IT has reduced employment in almost every sector all over the world:

Reducing