CHAPTER ONE

1.0       INTRODUCTION

The greatest innovation that has taken place in the twenties century is in the realm of information technology. This is currently made possible by the introduction of the digital computers, which has been observed in the field of communication to be increasingly inseparable from communication to be increasingly from communication. This linkages often referred to as convergence is risen driven by technology and amplified by business trends the technology and business, foster growth in network systems that use communication links to connect subsidiary system (nodes) which may send, receive, direct and redirect information to, fro, sender and receiver.

            Taking of the Internet a couple of years ago would have sound link a fair table but today the Internet is pervasive in almost every field of human endeavor changing the fundamentals of how are conduct national as well as international businesses. Few years of existence, the internet has shown that it can sliver the long sought after goal of electronic commerce.

            It is worth noting that companies in developed countries world – wide have recognized the business potential of the internet and are getting connected to the network of networks in their million.

            The IT industry (Urenium Technology) is one of such organizations. IT constitutes one of the most prominent life wire for socio – economic growth and development in any given nation. It support and assists in the supply of long and short term loan accept both current saving and fired deposits both foreign transaction, advice and facilitates transactions between client, workers, agents, firms, buyers, and sellers by providing payment services not excluding the issue of undertaking risk on behalf of their client, only to mention but few.

            The Internet housing founds its application and acceptance in the many profession has particularly put the IT industry on an accelerating pace of development. The Technological high may (Internet) has become an enable in achieving high level productivity and in handling volumes of transaction which would have been impossible without the use of On – line transaction.

            This technology facilities linkage with clients both through the provision of information and quality service delivery as well in reducing barriers to entry into payment system and retail transaction

1.1       STATEMENT OF PROBLEM.

            The advances in the world of information technology it is almost recorded on a daily basics, consequently, rendering former communication equipment obsolete as people tilt towards the use of improved electronics that support E – commerce made possible through the use of the internet in the IT sector.

            Although a significant improvement has been recorded in the use and development technology in the Urenium Technology over the last decade. Most organizaton are still far from implementing technology-based strategies able to see them through competition in IT markets. This may be as a result of lack of awareness, the inability to evaluate the benefit derived from the use of the recent technological development (Internet) and capital shortage that may hamper the design and subsequent implementation of the technological tool hence denying customer of this advances services and their flexibility choice and convenience associated with the Internet.

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