Information Technology (IT) can be termed as a backbone to all the industries because of wide-scale use of computers, internet and telecommunications systems. Information Technology helps in managing, manipulating, storing, regaining, sharing/communicating and transmitting small as well as large amount of information/data conveniently and effectively.
Commercial Information Technology allows enterprises to store, transmit and recover data, therefore securing a company and allowing it to prosper. However, by managing such large sums of important data and working to secure a company’s information, Information Technology companies face risks that can be transferred through strong insurance solutions. The Communications Industry also faces increasingly global and complex risks.
Work that was done manually in the past now can be done easily and efficiently with the help of computers. There’s no need to store paper files as all the important documents can be stored on computer and can be accessed without much hassle. Better and faster communication online has led to globalization and have immensely helped industries and businesses around the world.