ICT stands for Information and Communication Technology. It refers to the means by which information or data is acquired, communicated, and presented. There are two main types of ICT: traditional ICT, which includes books, newspapers, and radio; and modern ICT, which includes the internet, smartphones, and video conferencing. ICT is important because it allows for continuous learning, faster decision making through information sharing, and networking to deliver services to people. However, ICT also presents disadvantages like cybersecurity issues, assumptions of incorrect information, and the potential for wasted time.