In recent years, a broad universal consensus has emerged that Data and Matching Innovations (ICTS) offer a possibly effective tool for promoting social and investment development. This essay will discuss the importance of ICT for development projects. Through which four main ideas will be discussed, namely the importance of ICT, functionalism, community inequality and socio-economic development. It has been argued that several recent studies have described considerable success in using ICT to help disadvantaged communities and to create new opportunities in developing countries. Yet these same studies also often cite other examples of wasted resources and unmet expectations, of expensive investments in ICT that have done little to improve the lives of the target community. As a result, the initial wild enthusiasm for ICTs in developing countries and the international development community is being replaced by a more pragmatic realism, which seeks to look beyond the hype and analyze how ICTs can be used in sensible and cost-effective way to promote development. As the debate on these issues continues, some researchers have concluded that the social, monetary, and administrative environment in which an ICT-based development project occurs may be as dominant as the ICTS themselves for the ultimate success of the project. Conclusion The history of ICT improvement over the last few decades has been one of strengthening and development. ICTS have offered new opportunities to individuals of all ages and in all nations, allowing them to accomplish even more in less time and come across better approaches to teaching and relaxing. The use of ICTS has spurred astonishing profits and financial development… middle of paper… cement, developing nations will have to hold out until they have passed the center of per capita wage development and human improvement. Therefore, developing nations are trapped in the endless cycle of low per capita wages resulting in low level of IT dispersion, resulting in low per capita wages and development. This is also supported by Hargittai (1999) in his study on the diffusion of the Internet in OECD countries. Therefore ICT could be used to specifically impact benefits, cost sustainability and intensity in commercial enterprises, which is the focus upon which creator nations can build their economies. Catching up with developed economies when it comes to demand for engineering and making investment profits has never been more challenging. However, the consequences of failing to embrace ICT can also be shocking.