2. Service Sector
The tertiary sector of the economy
One of the three economic sectors
secondary sector (approximately the
same as manufacturing) and the
Primary sector (agriculture, fishing,
and extraction such as mining)
“Soft" parts of the economy
12 May 2013
3. Cont.
People offer their knowledge and time to
improve
productivity, performance, potential, and
sustainability.
Production of services instead of end
products.
Provision of services to other businesses
as well as final consumers.
Focus is on people interacting and
serving the customer rather than
transforming physical goods.12 May 2013
4. Examples
Government
Telecommunication
Pharmaceuticals
Hospitality/Tourism
Mass media
Healthcare/hospitals
Public health
Information technology
Waste disposal
Banking
Insurance
Financial services
FMCG
Legal services
Construction
Food processing
Consulting
Retail sales
Franchising
Real estate
Education
12 May 2013
5. Role of IT
IT revolution – omnipresent.
Organisations implementing IT are able to
provide better services and thereby able
to improve their businesses manifold.
IT has enormously been used in
manufacturing sector.
The importance of IT has been strongly
felt and applied in the service sector.
12 May 2013
6. Application of IT in
Hospitals
Hospital management is taking place with the
application of IT.
As basic as recording a patient's name.
Record comprising his name, age, sex, disease
found, blood group, height, weight, blood
pressure level and previous record can be
verified.
A safe storage for future reference.
Computers and specialized software for
judgement of diseases/problems and for curing
the diseases. 12 May 2013
7. Cont.
Stock Market – Biggest IT
users
Quick updates.
Better decisions by
investors.
Judgement power of
analyst and experts
International and National
integration 12 May 2013
8. Application of IT in Marketing
Research Agencies
Research activities starting from research
survey on product development till
distribution and measurement of customer
response.
Manual analysis of data – obsolete
MR agencies use sophisticated statistical
software packages for data analysis and
interpretation.
Customised statistical software.
Quick, reliable, accessible and effective.
12 May 2013
9. Application of IT in Banking and
Trading
Tremendous improvement in the Indian
banking sector because of the IT revolution.
100 percent computerization in private and
foreign banks.
Nationalized banks are also improving their
number of computerized branches.
Faster transaction time, Lower waiting
period.
E – Banking, internet banking, phone and
mobile banking with the help of IT.
All the branches of a bank are networked.
Low cost 12 May 2013
10. Application of IT in Travel,
Tourism and Hospitality
IT, has provided various benefits for the Indian
Railways and its passengers.
Computerized railway tickets, the errors have
been minimized.
Book the train ticket from any part of the
country.
Similar convenience for air travel, bus booking.
Compare and book
hotels, restaurants, resorts, travel packages.
Virtual tour. 12 May 2013
12. Application of IT in Retail
Quick checkout
Easy record of inventory
Bar-code scanning
Dynamic update of stock
Connectivity with distributors
/stockist/companies.
Online shopping.
Increase in competition = customer wins
!!! 12 May 2013
14. Application of IT in Educational
Institutions
IT for teaching.
Smart classes.
Better learning – visual and aural help.
Skills and knowledge for teachers
Journals, case studies, e-books, research
papers – click of a button.
Information and Knowledge from around
the Globe
Apply for admissions globally
12 May 2013
16. Government to Public
Social
welfare, revenue, taxes, payroll, and
personnel records
Online Tax payment.
Web kiosks in rural areas.
Information and knowledge for farming.
Pay fines online.
Connect with the people online.
Businesses can apply for
certificates/renewal online. 12 May 2013
19. Even More !!!
Online News
Promotion on social networking sites
Online libraries in institutions
Online “hundi” for temples
Entertainment
Social Causes – widely spread
reservation for film shows take place
through online ticket booking
12 May 2013
20. 12 May 2013
Strength's
Highly skilled human resource
Quality of work
Initiatives taken by the Government (setting up Hi-Tech Parks and
implementation of e-governance projects)
Many global players have set-up operations in India like Microsoft, Oracle,
Adobe, etc.
Following Quality Standards such as ISO 9000, SEI CMM etc.
Cost competitiveness
Quality telecommunications infrastructure
Indian time zone (24 x 7 services to the global customers). Time difference
between India and America is approximately 12 hours, which is beneficial
for outsourcing of work
21. 12 May 2013
Weaknesses
Absence of practical knowledge
Dearth of suitable candidates
Less Research and Development
Contribution of IT sector to India 's GDP is still
rather small.
22. 12 May 2013
Opportunities
High quality IT education market
Increasing number of working age people
India 's well developed soft infrastructure
Upcoming International Players in the market
23. 12 May 2013
Threats
Lack of data security systems.
Countries like China and Philippines with
qualified workforce making efforts to overcome
the English language barrier.
IT development concentrated in a few cities
only.