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The competitive forces prevailing in the world of commerce today require firms to operate as efficiently and productively as possible in order to maintain and enhance market share, profitability and shareholder value. An essential element to achieving success involves the continuous enhancement of knowledge and understanding of the business environment by employees at all levels. This can be accomplished by implementing processes which augment the accessibility and communication of value added information throughout the organization. As a result there has been an increased demand for cutting-edge information technology by businesses in all industries. So, to fulfill our present and future requirements and ambitions in all respect of life, it is essential enhance our expertise to link the power of today-s information technology with the tools of economic theory and business strategy. This conference aims at providing a common platform for academicians, researchers, practitioners, developers and users to disseminate knowledge, and share expertise and experience. It will also throw new lights on various developments and formulate strategy for their implementation.