Huzayfah Habib
What I'll Learn
The companies which deal with data handling through any source and product are IT companies. Modern IT is an evolved mechanism of techniques used by man for centuries.
What is IT?
IT stands for Information Technology. Information technology these days is the use of digital tools and tech for the conduction, conveyance, manipulation, and circulation of data in an organized network. Hence any technology information is being treated with is known to be information technology. Previously telecommunications and now digital communications are all subsequent of information technology.
IT is an organization of data, handling, and security. It offers efficient results and progressive productivity in all fields.
What is an IT company?
In the contemporary phase of time, every technology company is an information technology company. It won’t be incorrect to pronounce that almost every company, from broadly any field is somehow related to information technology. From a single-person job to a proper dedicated department for huge corporations, IT work is everywhere.
Since information management is mandatory for any company or business to run smoothly. IT workers are hired to overlook all the data management and organization, physically and virtually.
So not just a company that is exclusively defined as an IT services provider can be considered as an information technology company but also the companies which provide tools and innovative ideas to the vendor company are IT.
So a proper classification of IT companies may be tricky. So unbiased classification will be to call every tech and digital company IT company.
What do IT companies do?
An information technology company can provide several services. It can be a product. A company may provide a single service only and all services as well.
Technological help and guidance are provided by information technology companies. Most of the IT companies generate their major revenue from consultant services.
File servers and data storage devices are also provided by information technology companies. These gadgets need precise maintenance which is also ultimately work done by IT companies.
The server tech requires high maintenance and is quite costly after all, for the removal of hassles companies has replaced this tech with new cloud storage systems.
Cloud data storage is also a business Done by information technology companies. It is the uploading of your data to an online cloud, which is stored in the data centers in data warehouses of IT companies. It’s easier and no maintenance is required.
Device repairing and accessories are also sold and provided by IT companies as transference and reception of data and information is an important constituent of information technology.
Protection and security of data are also provided by IT companies. The protection from the unauthorized entrance, corruption, and illegal exploitation of data by encryption, tokenization, and other practices are all carried out by IT companies.
Top 7 IT Services Companies Worldwide 2021
Top 7 international IT companies in 2020-21 are as follows:
1. Microsoft:
Founder: Bill gates, Paul Allen
CEO: Satya Nadella
Founded in year: 1975
Headquarters: Readmond, Washington, U.S.
Net worth: 1 trillion US dollars
Microsoft is an America-based multinational tech corporation. It develops, manufactures, and sells technological devices and electronics related to information technology services.
In the 2020 fiscal year, Microsoft earned about 35.5 billion US dollars and a large amount of revenue from Information technology services.
2. IBM
Founder: Charles Ranlett Flint
CEO: Arvind Krishna
Founded in year: 1911
Headquarters: Armonk, New York, U.S.
Net worth: 113 billion US dollars
IBM stands for international business machines is also an American-based multinational company. This is a giant company that operates in more than 169 countries.
In the quarter of 2020 IBM has generated 17.6 billion U.S dollars.
3. Oracle:
Founder: Larry Ellison, Bob miner , Ed Oates
CEO: Larry Ellison
Founded in year: 1977
Headquarters: Redwood City, California, U.S.
Net worth: 169.9 billion US dollars
Oracle is also an America-based multinational IT consulting company. This company is exclusively well known for its IT services sale.
Oracle generates 83 percent of its worldwide revenue from license business in information technology.
4. Hewlett Packard Enterprise (HPE)
Founder: David Packard, Bill Hewlett, Mohammed M. Atalla
CEO: Antonio Neri
Founded in year: 2015
Headquarters: Palo Alto, California, US
Net worth: 13.49 billion US dollars
Hewlett Packard Enterprise is an IT consulting company and is well known for its network cloud services. It is an American-based company that operates in dozens of countries.
5. Accenture
Founder: Clarence Delaney
CEO: Julie Sweet
Founded in year: 1989
Headquarters: Dublin, Ireland
Net worth: 160.24 billion US dollars
Accenture is a successful company that provides consultancy, guidance, and other services related to Information technology. Devices and strategies are also sold by Accenture and have a great market reputation.
6. Cognizant
Founder: Kumar Mahadeva , Fransisco D’Souza
CEO: Brian Humphries
Founded in year: 1994
Headquarters: Teaneck, New Jersey, U.S.
Net worth: 41.32 billion
Cognizant is a global information technology company that provides information technology services to huge businesses and now they also provide AI to produce strategies to increase revenue for the business.
7. Capgemini
Founder: Serge kampf
CEO: Aiman ezzat
Founded in year: 1967
Headquarters: Paris, France
Net worth: € 17 billion
Capgemini is a well-known technology company that provides consultancy. Capgemini has great resources and skilled minds working hard to provide the best services to the consumers.
Top IT companies in India
Following are the leading Indian multinational companies that provide IT services and products:
1. Tata Consultancy Services
Founder: Tata Sons
CEO: Rajesh Gopinath
Founded in year: 1968
Headquarters: Mumbai, India
Net worth: 102.6 billion US dollars
Tata consultancy services are the number one India based international information technology company which is quite successful in its business
TCS achieved annual sales of 1.57 trillion Indian Rupees in 2020 up-to-date.
2. Infosys limited:
Founder: N.r Narayana, S. Gopalakrishna
CEO: Salit Prakash
Founded in year: 1981
Headquarters: Bengaluru, India
Net worth: 64.83 billion US dollars
Infosys Limited is a successful Indian company and ranks second among the top IT companies based in India
In 2019 the global revenue of Infosys limited amounted to about 11.8 billion US dollars.
3. Wipro
Founder: M.H Hasham Premji
CEO: Thierry Delaporte
Founded in year: 1945
Headquarters: Bengaluru
Net worth: 28.4 billion US $
Wipro is an India-based international organization that provides IT services throughout the globe. It is one of the largest companies in India according to revenue generation and services operations.
Future of Information Technology and IT Companies
Information technology has evolved unpredictably with the passage of time. From ancient times where people used to store data by sketches on walls and palms to the circulation of information through scrolls made of clothes. From the marketing on the newspapers to the telecommunication services and approaches taking over worldwide business charts.
Here we are at its contemporary peak. Virtual data storage and sharing within fractions of a second. New challenges inaugurating a new development era.
The next change in the betterment of data organization is Artificial intelligence and seamless connectivity. Hypothetically, AI will soon take over the information technology industry. Having light-speed processing and smart and very precise presentation AI will be revolutionary.
And hypothetically, it is the future of information technology as well as other technological fields.
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