| Information
Technology And Business |
| |
The world is fast changing.
Information Technology and E-Commerce are
coming to become part of the daily vocabulary. Businesses
of every kind
and every size are coming to realize that the only
option is to either
shape up or ship out.
World over the expenditure being incurred on IT
is rapidly increasing.
According to a study the global IT expenditure is
likely to touch $1.3
trillion by year 2000 of which nearly 30%is estimated
to be on Internet,
Intranet and Extranet alone.
Why is this revolution gaining ground and spreading
like wild fire? One
the largest benefits that this assures the linking
of the business directly
to its stakeholders right from the customers and
suppliers to investors,
trade press, consultants, banks, legal representatives,
advertising
agencies and others.
There is a horde of success stories of companies
who have gone through
a drastic change in their turnover by automating
their operations. The
framework followed by most such organizations starts
with making sure
that IT changes are firstly utilizing the existing
IT infrastructure, extending
the existing applications, developing solutions
according to industry
requirements and making sure that the implementation
is rapid.
Studies show that the return on technology and Internet
investment
increases with the increase in the sophistication
of the application used.
The biggest bottlenecks faced by any organization
towards such a change
are fear of technology and the cost. This makes
the framework used to
create these changes, very important. Thus, the
most difficult aspect is not
finding the right technology but using technology
in the most creative and
imaginative ways to help the organization become
market leaders.
|
|
|