In Light of Technology Invasion in Business Processes, Should We Redefine Ethics?
Sweta Patel · 2013
The way business operations are carried today, are quite different than they were carried till 20th century. Large number of business use technology as integral part of its operation. It is difficult to imagine the scenario of today’s high volume transactions in absence of technology. Technology has distinct advantage of fast & accurate transactions, real time operation, secured and sustainable recording system without much damaging environment and so on. Technology requires least human intervention in business processes. Any small lapse weather intentional or unintentional, the damage may be very large. Individuals acquire greater independence and reach in technological environment. These developments call for new structures for ethics. In light of the above, we attempts to redefine ethics in business largely depending on technology. We study IT & IT enabled industry along with service industry banking on IT & ITe like banking & insurance.