What’s ICT And Economic Development

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Information and communication technologies (ICT) refer to the hardware, software, and infrastructure that are used to transmit, process, and store data and information. ICT has become increasingly important in recent years as a driving force behind economic development and growth.

One of the main ways that ICT promotes economic development is through its ability to facilitate the exchange of information and ideas. By enabling people to communicate and collaborate more effectively, ICT helps to stimulate innovation and creativity, which can drive economic growth.

In addition to facilitating the exchange of information, ICT also plays a crucial role in driving productivity and efficiency. By automating and streamlining various business processes, ICT can help organizations to reduce costs and increase output, which can lead to increased profitability and competitiveness.

Another way that ICT promotes economic development is through its ability to facilitate the creation of new businesses and markets. By enabling people to access new sources of information and connect with customers and partners around the world, ICT can help to create new opportunities for entrepreneurs and small businesses.

The impact of ICT on economic development can be seen in a number of different sectors, including:

  • Manufacturing: The use of ICT in manufacturing has helped to increase productivity and efficiency by automating various processes and enabling the use of advanced analytics and data-driven decision-making.
  • Agriculture: The use of ICT in agriculture has helped to improve crop yields and reduce waste by enabling the use of precision farming techniques and other advanced technologies.
  • Education: The use of ICT in education has helped to improve the quality and accessibility of education, enabling people to access a wider range of learning materials and resources.
  • Healthcare: The use of ICT in healthcare has helped to improve the efficiency and effectiveness of the healthcare system, enabling healthcare providers to access and share important patient information and data.

Overall, the impact of ICT on economic development has been significant, and it is likely to continue to be a driving force behind economic growth and innovation in the coming years. As new technologies and platforms emerge, the role of ICT in promoting economic development is likely to become even more important.

ICT and Economic Development

It was once thought that the use of information and communication technology would bring the curse of unemployment in people’s lives. But as the days go by the idea is proving wrong.

It is now clear that the more technologically advanced a country is, the more economically advanced it is. Now it can be said that information and technology are playing a very important role in the economic development of the world today.

1. Impact on the economy of the developed world In today’s world the use of technology-friendly devices or gadgets, such as laptops, notebooks, tablets, mobile phones. Growing.

As a result, the trade and commerce of these producing countries are expanding all over the world. Apple is now the number one brand in the world. Apple Company is known as the most popular brand in the world by manufacturing and marketing their iPhone, iPad, iPod, Macbook, etc.

Now the tide of ICT outsourcing is flowing all over the world. As job opportunities spread beyond the office, employers are getting better quality work at a much lower price. By outsourcing to the third world, businessmen in developed countries are greatly reducing the cost of running their businesses. For example, the average salary of a search engine optimization (SEO) professional in America is হাজার 50,000. But it is possible for a Bangladeshi search engine optimizer to get this job done for one and a half to two thousand dollars.

In other words, besides economic savings, the quality of work is being improved through outsourcing.

The profession of designing new and usable software is extremely lucrative. Sara also does business with software

There are many such companies doing economic transactions in the world. Bill Gates, one of the richest men in the world today, managed to popularize his software company Microsoft worldwide through his business acumen which made him one of the richest people in the world. Google, Sage Brin, Larry Page’s Google, Steve Jobs ‘Apple, Linus Torvalds’ Linux are all influential names in the world economy.

2. Impact on the economy of Bangladesh

Outsourcing has been a blessing for countries like Bangladesh. Bangladesh’s position in freelancing outsourcing is getting stronger and stronger. The number of outsourcing jobs among young people is increasing worldwide, along with the number of freelancers in our country.

At present Bangladesh is one of the top outsourcing countries in the world.

A country enters the demographic bonus when a country has the highest proportion of low performance. In 2012, Bangladesh entered the demographic bonus.

We currently have a large number of working people and they are not dependent. This is a big positive for Bangladesh. On the one hand, we have no shortage of skilled people, on the other hand, the work of the global outsourcing industry is endless.

Outsourcing has already become very popular as a means of earning a living for the youth as they can work from home. All kinds for everyone People from all walks of life, from school and college students to housewives, are taking advantage of this opportunity to find work. Matt Cooper, vice president of Odesk, an outsourcing site, said: In just two years, Bangladesh has risen to the fourth position in the top list in Odesa. This is a very big improvement.

whats-economic-developmentThe trend of creating various apps for the mobile phone operating system Android has increased among the youth of Bangladesh. Just as the designers of the country are designing free apps, the app has been designed for different companies and even for the iPhone.

It’s hard to find an iPhone user who hasn’t played the “Tip Tap Ant” game. (http://www.riseuplabs.com). Many companies in the world have reached the peak of popularity of this game in the country.

Many companies in Bangladesh like ‘Rise Up Labs’ are now creating mobile applications. These apples made in the country are in the top ten (top) in Google Play Store or Apple App Store

Ten) is known to be located. Game development can be much more lucrative than ordinary freelancing work. Many people are progressing successfully by developing games personally and institutionally.

In our country, Walton company is assembling even though it cannot make mobile phone parts by itself. As a result, quality mobile phones are available at a relatively low cost.

As a result, the people of the country are now able to use sophisticated mobile phones at very affordable prices. An attempt was made a few days ago to market the official laptop ‘Doyle’, which is currently on hold.

It has already been said that no law is enforced against piracy in our country.

That’s why The country’s software designers are not interested in big software design. If in any way copyright

If the laws can be applied properly, then Bangladesh is in a big economic field like software design Participation will begin.

And though this can be the employment of thousands of people.

Researchers, led by Professor Khandaker Siddique-e-Rabbani, founder of the Department of Biomedical Physics and Technology, Dhaka University, are developing low-cost medical devices. Professor Siddique-e-Rabbani’s goal is to make low-cost medical equipment for Bangladesh and make it available to the general public.

At a cost of fewer than two thousand rupees, Professor Rabbani’s team made an artificial hand for a child injured in a bomb by attaching a plastic thumb to a spring. The cost of the computerized ECG device invented by his team for monitoring the fluctuations of the heart is only forty thousand rupees.

This device, which is only seven inches in size, becomes a complete ECG device when attached to any computer. Pictures of heart fluctuations can be printed on plain paper.

Not only this, with the help of the internet the patient’s ECG can be monitored directly from any part of the world. Moreover, his team has developed a low-cost electronic stethoscope.

If the patient has a stethoscope in a place where there is an internet facility, the signal will reach the ear of the specialist doctor. Some of the more affordable but sophisticated medical devices invented by Professor Rabbani include dynamic pedographs for measuring the spread of foot pressure in diabetics, digital cameras mounted on X-ray view boxes and sent directly to a distant physician, or an electrical device to relieve excess sweating of hands and feet.

Some of these are already being used in countries like Pakistan and Nepal beyond the borders of the country. Our country can also earn a lot of foreign currency by exporting these tools invented in the country.

Bangladesh is a country of immense potential. Proper investment in the information and technology sector can make Bangladesh much more economically advanced.

Information technology has created all the opportunities for the educated people of our country. Bangladesh has the ability to earn the highest foreign exchange by surviving in competition with other countries.