Essentials of Information Technology
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Information Technology and Digital Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is Information Technology (IT)?
The use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data.
What does the full IT stack comprise beyond just computers?
Hardware + software + networks + people + processes + data.
What is data?
Raw, unprocessed facts such as numbers, text and symbols.
What is information?
Data that is structured, filtered, reported on and generally in a form that is readily useful.
What is knowledge?
Information combined with experience, judgement and context.
What are the three textbook characteristics of quality information (T-P-M)?
Timeliness, Purpose and Mode.
What three steps does data transmission comprise?
Transmission, Propagation and Reception.
Which committees recommended ALPMs and branch automation in the 1980s?
The Rangarajan Committee I (1984) and II (1989).
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