Information Technology

Business, Legal & Accounting Glossary

Definition: Information Technology


Quick Summary of Information Technology


Information Technology Group plays the pivotal role in an financial institution by developing and supporting IT architecture, corporate information systems and its infrastructure. The IT groups broadly are divided into IT Infrastructure, IT Architecture and Software Development divisions. These teams formulate IT strategy and provide related tools, solutions and services. IT groups also focus on delivery, effective IT governance and compliance related issues.




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/information-technology/
Modern Language Association (MLA):
Information Technology. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/information-technology/.
Chicago Manual of Style (CMS):
Information Technology. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/information-technology/ (accessed: September 22, 2021).
American Psychological Association (APA):
Information Technology. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/information-technology/

Definition Sources


Definitions for Information Technology are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.