Read this article you will learn about the Information Technology Management. After reading this article you will learn about: 1. Subject-Matter of Information Technology Management 2. Need of Information Technology Management.
Subject-Matter of Information Technology Management:
The information technology or IT is revolutionizing the way, in which we live and work.
It is changing all aspects of our life and lifestyle.
The digital revolution has given mankind the ability to treat information with mathematical precision, to transmit it at very high accuracy and to manipulate it at will.
These capabilities are bringing into being a whole world within and around the physical world. The amount of calculation power that is available to mankind is increasing at an exponential rate. Computers and communications are becoming integral parts of our lives.
A politician has stated “India missed the first industrial revolution; but if we miss the Information Revolution, we will be forgotten by the history and our ancient civilization will continue to remain ancient, unable to keep step with the modern world,” This statement assume greater significance when it comes from the political leader.
Now a day, except few politicians, all are in favour of this technological development. In the meeting of the Chief Ministers held in Delhi, where Prime Minister had emphasized on the need of the information technology and asked to the states to provide priority to this industry.
Principally all states become agree to this, and assured to expedite the process of development in this direction whereas few states like Karnataka, Andhra Pradesh etc. have already achieved a remarkable success in this direction. Now a day, most of the State Governments are enthusiastically inviting IT investment and providing a comfortable and reliable ground for boosting their confidence in their states.
They are developing special zones for the development of this industry known as information technology parks, where the Government provides all infrastructural assistance to the investor. Apart from the infrastructural assistance fiscal assistance are also being offered to IT investors.
The expectation, expertise and experience in the management of information technology have been witnessing a drastic shift. A technology, which was being viewed as exponential additives to unemployment, is being treated as remedy for all corporate, economic and social and developmental disorders.
Need of Information Technology Management:
The need of information technology emerges out from the rapid development in the field of networking. And at the same time the drastic reduction in the price of computing technology made the Internet as a strong media of communication. Within five-year, the World Wide Web (WWW) technology has brought the world closer. Cyberspace becomes the most prominent market for the business.
Because through, cyber marketing, the company can display and market its product throughout the world. Looking into the importance of this combination of hardware, software and telecommunication, most of the business organizations throughout the world had change the way of doing the business.
Now a day, they are having their own website containing the information regarding the company and its products range along with the price of the products and terms and conditions regarding cyber transaction. Now the companies are advertising their websites and requesting to the net users to go onto their website and select the product needed by them.
Even the education is also available on the net where there are so many universities and private institutions providing the information about themselves which are offering their educational programs on the net.
Now, the situation is altogether different from the past because most of the business wars are not going to be fought in the supermarkets or the main bazaars of the India, but the corporate warfare is going to take place somewhere up in sky (cyberspace). At this juncture, the question comes into the mind that if our CEOs ready for the combat in the cyberspace?
Are our businesses heads are well equipped to think strategy through the prism of IT?
Without the changing the business, can our executives innovate methods and ways to add more value to the customer at competitive price?
All these questions are supposed to be addressed properly and adequately before we really announce our readiness to indulge in the corporate warfare in the sky.
The emerging trends of internet based business and telecommunications based transition processing systems will not only reduce the perceptual size of the globe but also cutting down the size of the organization costs to design, and market products and services.
The information technology is providing sound strategic opportunities, which will boost the growth and development of the business. This is very much important for the corporate heads to survive and grow in the knowledge rich economy to clearly define the role that they wish IT to play in the company’s competitive strategy.
In this direction, merely the investment of financial resources may not be sufficient to get the desired performance from information technology.
Most of the organizations perceive the investment into the IT management as shear wastage of resources. This attitude is observed in those, who are not looking for providing value to their customers. Because IT is helpful in imparting value to their customers, it is required for these types of firms to redefine their thinking in the light of information technology.
Because now a day’s information technology play vital role in the strategic management process, the use of information technology helps in the cost reduction.
Traditionally, executives use to believe that just Decision Support System could provide us the competitive edge, but today any of the computer based information system component such as Office Automation System, Transaction Processing System, Decision Support System, Executive Support System, Management Support System or Expert Systems could be used to leverage a competitive advantage.