There are several new IT technology that have recently emerged, or will do so in the next coming months, that can provide a significant impact for the way in which companies conduct business. IT technologies are an integral component of most business processes today, for the simple fact that even conventional mom and pop business ventures are recording and accessing information electronically for the expedient delivery of service, products, and proper structuring of their own professional processes. Some of the more valuable IT trends to recently surface include the widespread usage of strategic big data, the increasing ubiquity of mobile devices as the preferred method of internet, communication, and data accessibility connections, the mainstream deployment of HTML 5, and the emergence of in-memory computing.
HTML 5 is a computer language that mobile devices and conventional computers use to access websites and multimedia. It is an upgrade of the previous version, HTML 4 which was created in the late 1990's and will allow a wider range of access to and more convenient accessing of information contained on the internet. Its weakness is the fact that it is not widely available, and still has issues that need to be tested and worked out. In-memory computing is another fairly recent trend that surfaced in the mainstream within the past five months. Essentially, in-memory computing allows for computers to access much of the data that they come across within the actual computer
In the New Millennium, leaders must be ever aware of the changing landscape in which they operate. In developing an understanding of the global marketplace in which humans must coexist, it would be futile to underestimate the impact that information technology (IT) has had in defining how objectives are achieved. While technology has made our lives more efficient, it also presents interesting challenges when it does not function as expected or does not provide immediate benefits to hasten our thinking. Creighton University’s Seminar: Business and IT
Since the 1970’s databases and report generators have been used to aid business decisions. In the 1990’s technology in this area improved. Now technology such as Hadoop has gone another step with the ability to store and process the data within the same system which sparked new buzz about “big data”. Big Data is roughly the collection of large amounts of data – sourced internally or externally - applied as a tool – stored, managed, and analyzed - for an organization to set or meet certain goals.
Over the past few years technology has caused significant changes in the way enterprises conduct business.
This paper deals with emerging information technology (IT) and other trends and their impact on the grey literature. It is based on analysis of the most prevalent trends in general information management and new IT solutions, which will define and impact the digital future of related information management activities, as well as the grey literature. The analysis is done using seven reports from five world leading consulting and service companies that have special interest in researching impacts of IT.
Of the many disruptive innovations that are impacting computing, social networking and how people and companies communicate, smartphones are among the most significant. Their impact on the traditional PC market continues unabated with research firms including the wlel-respected Gartner Group claiming that there are more smartphones sold in 2011 than traditional laptop PCs, a point Apple Inc., likes to mention in their annual report as their iPad is leading this assault on traditional computing (Apple Investor Relations, 2012). Smartphones are also re-ordering existing enterprise software areas long held under the control of such large and conservatively run companies including IBM, Oracle, SAP and others (Franke, Schreier, 2010). Due to the strength of the disruptive nature of this technology, market research and advisory firm Gartner states that approximately 469 M units were sold in the last year with this year's forecast being 1.1B total worldwide (Apple Investor Relations, 2012). As smartphones are used the majority of the time for keeping consumers and companies both linked to social networks, regardless if they are public or private
The age of modern business didn’t start with computers, there were no tablets and 6-inch slates of glass that could do everything from make phone calls to handle electronic messaging and photography were such a futuristic idea they were reserved for the realm of science fiction. Modern businesses began with pens, paper, ledgers, and the knowledge that all client data could be locked up tight in a safe at night, it was not until the 1960s and 70s that modern computing hardware made a debut in managing customer and corporate data, these systems were huge, heavy, and inefficient at managing anything, but increased workflow by
In today’s business environment, it is essential that companies adopt processes that incorporate various forms of technology in order to be competitive within the market.
In today's challenging economic times, the competition for business has never been more fierce. It is imperative that organizations not only provide a good product, but also provide that product at a good price along with good customer service, all while keeping their product relevant and their staff up to date. Companies must be aware of the assets provided by technology and the easily accessible programs that make professional development ideas effortless to share and apply. For up-and-coming business professionals, the use of technology is crucial to promote and grow the business in question. It is important that business owners take advantage of the technology they have and also keep up to date with the changes occurring in the technology world so they can use their assets to better their business.
You may have heard the term “Big Data” often these days and the importance of analytics attached to it. The availability of good data set and analytics of it provide organizations ability to understand consumer behavior and future prospects. This has now become an essential part of every business operation. Data itself is not a new thing to humans, written records have been in existence since 4th millennium BC. What has changed recently is that with digital inventions and significant growth in internet access, most people are on the electronic grid for longer periods and spending lot of time on emails, messaging, entertainment and social media applications. This huge growth in data generation has given birth to the concept of
1) Eric Brinker of JetBlue noted that the database developed during the crisis had not been needed before because the company had never experienced a meltdown. What are the risks and benefits associated
There are many reasons that organizations choose to upgrade or introduce various technologies. The speed at which new technologies are developed has reached previously unimaginable heights. Computers and software can become obsolete in a matter of a couple years and this lifespan is continually declining. As a result, modern organizations are continually introducing and adapting new technologies and a regular basis to stay competitive or maximize their productivity. Yet there are so many new implementations that are unsuccessful and actually create more problems than they were intended to solve. This paper will introduce some of the issues associated with the implementation of new technologies into modern organizations.
In the trends of rapidly emerging technological trends, it is essential that the organizations are adapting to the emerging trends to improve the overall efficiency, performance, and deliver enhanced quality in the products and services they offer. Majority of the organizations are focused on improving the information systems and the enterprise applications they use to handle their business operations and effectively manage to deliver quality results to the customers.
Information systems are becoming crucial in society today, Everything that has to deal with purchasing or selling, communicating or searching has become more effective with the access of the WWW( World wide web). A world of head-on competition is being created. Both at a local and international level. Daily upgrading of technology in versions is a must to all businesses if they want to stay above competition. During the beginning days of computers, information systems were only needed when a specific problem had risen. However, it was at this time of era, people began to realize that many of our day to day problems( almost up to 85%) can only be solved by information systems in the most effective manner.
Since the inception of Information Technology (IT), the business world has been transformed. In many aspects of business, IT contributes remarkably in increasing effective usage of time, efforts and financial costs. This article is going to outline some examples of IT efforts that run, grow, or transform the businesses it serves, thorough increasingly important layers of business operation and management. Those layers are finance, communication and systems.
Modern technology has set the stage for today 's industries to adopt faster, more effective and efficient tools to improve their business and productivity. A vast majority of organizations within various industries are using new technology to introduce changes to their business operations. Simply stated, these changes are manifested in what they do, with whom they do it, how they do it, and the tools they use to get it done. However, it is worthwhile to note that, while technology can offer beneficial