Innovation and Government Spending
Innovation is and has always been at the center of all human endeavors. People those who are able to perform more complex tasks with relatively fewer resources have often captured world markets and gained the maximum wealth. Every economic textbook acknowledges the value of innovation. It also explains how the printing press made scribes obsolete […]
Who are HNIs and why they Matter in Both Positive and Negative Ways
Who are HNIs and Why They are Valuable to Businesses We often hear the term HNIs or High Net-worth Individuals mentioned in a wide variety of contexts. Whether it is bankers launching a new product aimed at these individuals, media outlets reporting on their private lives and covering the weddings and other events, or for […]
Spotify: A Music Streaming App Worth $20 Billion!
Spotify, a music streaming application, with most of its business in the United States has achieved over a $30 billion valuation. This has come as a surprise for many given the fact that the music industry was considered to be all but dead because of declining revenues. An extremely high valuation in an industry with […]
Hammer and Champy’s View on Process
After the Japanese wave of business process management came the concept of Business Process Re-engineering which rocked the world of BPM. The idea of BPM and the resultant benefits have been mentioned below: What about Those Companies That Did Not Change As said earlier, the Japanese companies were able to understand the dimension of time […]
The Emerging Connected Future and Digital Utopia and What it Means for Us
A Glimpse into the Connected Future The future is connected in terms of the networked and integrated digitally enabled modes of living and working. In other words, with cutting edge technologies such as Artificial Intelligence, Big Data powered Analytics, IoT, or the Internet of Things, and Distributed computing integrating our homes and our workplaces, the […]
21st century has been defined by application of and advancement in information technology. Information technology has become an integral part of our daily life. According to Information Technology Association of America, information technology is defined as “the study, design, development, application, implementation, support or management of computer-based information systems.”
Information technology has served as a big change agent in different aspect of business and society. It has proven game changer in resolving economic and social issues.
Advancement and application of information technology are ever changing. Some of the trends in the information technology are as follows:
One of the most talked about concept in information technology is the cloud computing. Clouding computing is defined as utilization of computing services, i.e. software as well as hardware as a service over a network. Typically, this network is the internet.
Cloud computing offers 3 types of broad services mainly Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS).
Some of the benefit of cloud computing is as follows:
Some issues concerning cloud computing are privacy, compliance, security, legal, abuse, IT governance, etc.
Another emerging trend within information technology is mobile applications (software application on Smart phone, tablet, etc.)
Mobile application or mobile app has become a success since its introduction. They are designed to run on Smartphone, tablets and other mobile devices. They are available as a download from various mobile operating systems like Apple, Blackberry, Nokia, etc. Some of the mobile app are available free where as some involve download cost. The revenue collected is shared between app distributor and app developer.
User interface has undergone a revolution since introduction of touch screen. The touch screen capability has revolutionized way end users interact with application. Touch screen enables the user to directly interact with what is displayed and also removes any intermediate hand-held device like the mouse.
Touch screen capability is utilized in smart phones, tablet, information kiosks and other information appliances.
The field of analytics has grown many folds in recent years. Analytics is a process which helps in discovering the informational patterns with data. The field of analytics is a combination of statistics, computer programming and operations research.
The field of analytics has shown growth in the field of data analytics, predictive analytics and social analytics.
Data analytics is tool used to support decision-making process. It converts raw data into meaningful information.
Predictive analytics is tool used to predict future events based on current and historical information.
Social media analytics is tool used by companies to understand and accommodate customer needs.
The every changing field of information technology has seen great advancement and changes in the last decade. And from the emerging trend, it can be concluded that its influence on business is ever growing, and it will help companies to serve customers better.
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Communication Systems and Groupware – Information System Concepts that Apply in All Functional Areas of Business
February 12, 2025
