Cost- Benefit Analysis of ICT in Libraries : A Current Scenario

Abstract

The cost benefit analysis play an important role in the smooth functioning of an organization and helps in the optimum utilization of its resources. Information and Communications Technology (ICT) has accelerated exceptionally during the last decade, which has also increase the cost of it. So, the need of the cost-benefit analysis has been arise for the usage of ICT in an academic institution specially in libraries. Now ICT recognize as a valuable organizational resource, like any other resources in an organization. ICT should also receive serious attention of management for the adequate utilization of its benefits compared to its cost. ICT is the key to the evolution of our practices in many domains, such as education, work effectiveness and National productivity. The cost-benefits analysis helps in effective usage of ICT for its excellences. This article gives brief introduction about cost-benefit analysis, its needs, importance as well as meaning of ICT and its importance in the current scenario.