Presentation on

Role of Information and Communication Technology in the Economic Development of

Bangladesh

Contents

•Concept of Information and Communication Technology•Overview on Information and Communication Technology•Over view on Economy of Bangladesh •ICT’S Impact on Economy•Challenges and Recommendation •Findings and Conclusion

The unified communication and the integration of telecommunications, computers as well as necessary enterprise software, middleware, storage, and audio-visual systems, which enable users to access, store, transmit, and manipulate information is known as Information and Communication Technology.

Information and communications technology (ICT) is often used as an extended synonym for information technology (IT). ICT has been a pioneer and powerful catalyst in addressing the need of various sectors.

What is Information and Communication Technology?

Purpose, Scope and Requirement of ICT

ICT

Information Transferring

Knowledge Database

Knowledge Sharing

Update and Correction of information

Importance of ICT

ICT sector plays an important role, notably by contributing to rapid technological progress and productivity growth

ICT sectors determine the productivity level on which economic competitiveness depends

In economy an important issue is generation, using and dissemination of knowledge. ICT sector plays a vital role on this regard

The art of decision making has become easier with the help of ICT

ICT has played a huge role in increasing working speed, efficiency of work and lessened communication cost

ICT has increased the ability to compete

The use of Information communication technology is wide ranging. It is pervasive in every sphere of human life. ICT has major contribution in various sectors of

economics. In business, it has created new dimension with E-commerce, E-marketing etc. In tourism and banking sector ICT has contributed broadly.

Use of ICT

Usage of ICT

In Business In Tourism Sector

In Banking & Financial

Organization

In Export Import

Business

• E-BusinessE-business is the application of ICT in support of all the activities of business.

Use of ICT in Business

•E-CommerceE-Commerce is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks.

•E-Retailing The sale of goods and services through the Internet, Electronic retailing, or e-tailing, can include business-to-business and business-to-consumer sales.

•E-Marketing Electronic marketing is directly marketing a commercial message to a group of people using email.

ICT’S role in Bangladesh’s Business

E-business in Bangladesh is still at its infant stage and it hasn’t taken off properly because of various obstacles.

But with the increase of internet and mobile and all mobile companies establishing 3G networking many companies have started their online business.

Mobile, accessories, jewels, clothing, Food etc are the items that are usually purchased through online.

List of some websites that are pioneer in E-business of Bangladesh are listed below:1.Akhoni.com2.Rokomari.com3.Priyoshop.com4.Upohar.com

Because of E- Business new jobs are created for many people which has resulted in higher income, and growth of standard of living.

ICT’S role in Bangladesh’s Business

Women’s participation in business has increased since online business started; as a result women are now more financially empowered.

ICT has also helped the managerial quality of various organization of Bangladesh.

Starting business in Bangladesh has become tricky due to economic uncertainty and various choices to customers. “E-marketing” can be chosen as a strategic tool to send the consumers the right message.

ICT is creating efficiency in Bangladesh’s economy.

ICT in Banking and Financing Organization

Use of ICT in the banking and financing organization is so wide spread that this particular industry is completely dependent on information and Communication Technology.

Preservation of data, usage of data and use of this technology in all level of transaction is helping banks and financial organizations.

Contents which have made ICT in baking popular1. Online Banking2. Electronic Fund transfer3. Home Banking4. Mobile Banking5. Credit Card6. Debit Card7. ATM

ICT’S Contribution to Banks

Economy of Bangladesh is still underdeveloped and one of the main reasons is its banking system is underdeveloped.

ICT is helping to improve the banking sector form its previous sluggish state and while improving banking system ICT is registering economic.

The purpose of ICT’S contribution to Bangladesh’s banking industry are

1. Phone Banking2. SMS Banking3. Internet Banking4. Various Cards

ICT’S Contribution to Banks

5. EFT6. SWIFT7. PC Banking8. POS Terminal9. Off line Branch Computerization

With help of ICT Banking system has been revived; through the help of above mentioned IT device, banks are now able to satisfy customer needs resulting in more transactions and more circulation of money in the economy.

Use of ICT in Tourism Sector

The most important benefiting factor that Bangladesh’s economy is gaining form ICT the supply of information.

Because of the advent new form of ICT, a new type of tourism, e-tourism has emerged.

With ICT tourism Information management has improved (20%) in Bangladesh.

Logistics management has increased 15%. Firms in tourism sector need ICT to plan.

Impact of ICT in Tourism Sector

The most important benefiting factor that Bangladesh’s economy is gaining form ICT the supply of information.

Because of the advent new form of ICT, a new type of tourism, e-tourism has emerged.

With ICT tourism Information management has improved (20%) in Bangladesh.

Logistics management has increased 15%. Firms in tourism sector need ICT to plan.

Use of ICT in Export Import

ICT plays a major role in export and import business. With the help of ICT information is now gathered and

order letters are issued through electronic means. The transfer of documents, payment of bills, tariff and tax

has facilitated with the help of ICT.

Revenue Expenditure Export Import

$14.03

$19.69

$26.25

$34.56

Economy of BangladeshBillion US Dollar

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

GDP 0.0643 0.0619 0.0574 0.0607 0.0671 0.0632

GDP Growth of BangladeshG

DP

Gro

wth

Rat

e

Challenges of ICT in Bangladesh

Inadequate communications and power infrastructure

Shortage of ICT facilities and ICT skills Inadequate institutional arrangements Limited financial resources Inadequate public private partnership Limited data management capacity Inadequate horizontal and vertical communication

Recommendations for Bangladesh

Optimal resource utilization Certified skills development Efficient communication Quality education delivery

Conclusion

Information & Communication Technology (ICT) in Bangladesh has become a common phenomenon in recent years.

In the late 1990s, various technologies have been applied to support the unique characteristics of Bangladesh. (computers mobile phone, land phone, internet).

ICT services indicators are an indispensable resource for the economic development of any country.

It goes without saying that impact of ICT services on economic progress is fast spreading across the boundaries of social and political arrangements of societies.

Thank You All