Write detailed answer to the following question.
Explain the importance of the I. T. Industry.
Information technology (IT) is the use of computers to store, retain, transmit, and manipulate data, or information, often in the context of a business. The IT industry plays a vital role in the current world. Everything that we use now is connected to the internet and computers. IT is the development of modern science through computer gadgets. Importance of IT industry are:
• The huge volume of information
Because of the development of Information Technology, the internet came into picture which is useful in obtaining a huge volume of data within in the span of seconds.
• Storage of data
The computers and internet help in storage of massive data in small chip format or in the online form. This storage facility makes people less dependent on paper or books data.
• Development of education
The education system gets enhanced due to the development of the IT industry. Smart classes are being started in many schools due to the development of the IT industry.
It has a very important role in business and commerce also. The day to day activities in banks, business firms and other institutes are being run through the technological advancement of IT.