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Q: Challenges and Prospects in Changing Information Technology?
There is no doubt that information technology has made significant progress during the past two decades. Modern societies have become information rich as it was not so in the past. Rapid growth in computer technologies for communication gives us with plenty of tools to increase this ability. The instruments of information technology consist of a number of elements. These include, post office equipment, and automated banking satellite earth stations. Data broadcasting by satellite, TVRO stations, relayed telecommunication with radio link branches to provide television services and telephone over a vast expanse of territory.
Though, this revolution in the field of information technology has posed various challenges for several organizations. The procedure of office automation has not only facilitated the work in the offices, it has also rendered various employees surplus. The storage of information in the floppy diskettes recalled physically scanning through voluminous records and ledgers. The trained personnel will have to adapt themselves to the new challenges in their job profile and innovation. Man has come to lie more and more on the human and machines intelligence has dwarfed before the giant machines.
What are the limitations of traditional payment instruments? The limitations of traditional payment system are that they take a lot of time. These systems needs manual work to
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