Information Technology as Driving Force for Innovation
Last two decades have seen great stride in information technology. The development in information technology has changed the way business is getting conducted. One of the striking points about information technology is innovation. Information technology has been a driving force for product, service and process innovation.
Innovation in Last Decades
It has brought forward capabilities, which previously were only considered as fiction novel material. Information technology has supported miniaturization of electronic circuits making many products portable, for example, computers, phones, etc. Information technology has helped development in communication technology by making it affordable. Penetration rate of mobile phone is higher than ever before with greater coverage and with ever lowering cost.
The concept of big data has become reality, with development of high memory storage devices.
Function of Information Technology
Information technology is a network of devices, which are connected with each other, which process data into useful and meaningful information. Information technology, therefore, has six broad functions around which innovation is driven. The six broad functions are as follows:
Innovation and Information Technology
The last two decades of development and evolution in information technology is around six functions. The innovation driven by information technology has been the by-product of the six functions. Some of the significant development which has been achieved is as follows:
From above cases it can leave no doubt that information technology and development in the driving force within todays innovation.
- 7S Framework
- Alignment of Technology and Planning
- Information System for Effectiveness
- Elements of Information System Model
- Information and Strategy
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