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Synopsis Information Technology has emerged as an all pervasive force that impacts the lives of people across the world. IT and its use means to leapfrog into the 21st century is creating new opportunities of employment, growth and prosperity in India. Information Technology is a valuable asset that must be planned, protected, preserved and controlled as other productive assets such as people, machine, money, material, facilities etc. Managing Information Technology involves professional skill and approach to deal with the global dynamic interactive international environment. With the new policy of liberalization and globalization, the IT professional in an information-based society is at a cutting edge. Information Technology and its communication network and the extent to which it is absorbed in an organization is valuable through its work culture which leads to improvement in overall performance. In order to cope with changing times, modern organization needs the IT professional who is capable of meeting the new challenges and opportunities. The professional develops capabilities to understand and use information technology with the best possible practices of modern management. Information Technology deals with Communication, Telephone, Computers, Internet/Intranet have come together for sharing of information.