IT refers to the use of electronic computers and computer software to store, process, transmit and retrieve information. Some key applications of IT include:
1. Banking - IT has enabled online/mobile banking and improved efficiency of banking operations.
2. Railways - IT is used for tracking, scheduling, monitoring railway traffic as well as design, construction and maintenance.
3. Business - Computers are widely used for record keeping, inventory management, forecasting, billing, payments and financial reporting in businesses.
4. Marketing - Businesses use databases, customer relationship management tools, and data analytics for targeted marketing, improving customer relationships and sales.