Many industries are seeing significant changes due to the introduction of information technology and the transition to a computerized infrastructure. This fundamental shift in business revenue stream is often facilitated by the CIO of a company. You must be capable of making changes in your own way to lead others through modernization, revolutionize, and transformation.
It doesn’t matter if technology drives business or technology drives business. Don’t worry about technology being strategic. All the confusion about the technology’s advancement should be silenced. There are many questions in technology that you can ask. You probably know the answer, but don’t want to know it. It is worth asking how much of your technological power is actually being used for innovation.
According to some, technology drives innovation, business modernization, success, novelty and success. This opens up new opportunities for companies, increases their overall performance, sharpens market intelligence, and makes it possible to offer new services to clients. Another view is that Technology Drives Business. This integration is about helping businesses to maximize their profits by using technology and other resources. However, it is clear that the CEO and CIO are the real driving forces of the company’s technology use.
Technology is becoming an integral part of office design and decisions about layout and services in a society that is completely dependent on them. The computer animation and communication are some of the most visible aspects of technology. However, more technology is hidden in the infrastructure. The emphasis is on smart wiring and communication devices that allow for greater flow and communications to ensure operations are uninterrupted during any calamity.
Modernization is all about modernizing businesses. Common business drivers are Mergers and acquisitions, Internal Reorganizations and Application and System Consolidation. Inconsistent/Duplicated/Fragmented data, New Business Strategies and Compliance with Government Regulations. Both the business and the technology parties must provide solid input to ensure success in accommodating these business drivers. The business and the technology.
You could manage every surface of your company’s office by learning how to manage changes. IT Managers often overlook one aspect of managing change. That is, how to influence other corporate employees. IT executives need to communicate with and convince other department heads about key issues in project management if information technology is driving business decisions.
The strategic planning of Information Technology is one part of a company’s overall vision for success. IT professionals can use this psychoanalysis to help them set short- and long-term goals, and determine the resources required to achieve these goals. The strategic plan must be concise and succinct, should be written quickly and include a summary of the analyzed data. It should also provide opportunities for additional planning and analysis.
A successful strategic IT plan can bring many benefits. Employees are given a clear understanding of their roles in the company’s overall structure. This planning also allows managers to identify additional growth opportunities and succeed. These relationships reveal important connections between technology investment, positive outcomes such as increased market share.
It is now a major industry problem that IT professionals need to be more knowledgeable about business. They must be able to comprehend the business processes and lingo involved in business performance management. Customer relationship management. Financial management. Human resources management. Operations management. Without this knowledge communication with business people will be difficult and they won’t understand the business needs.
The Business community should, on the other hand, be driven to learn more about information technology. This is not a problem of prejudice, as it is with all communication and relationships issues. IT professionals need to be more business-oriented just as business people need IT skills. They must understand the relationships and roles among the various types of technology that their information systems depend on, as well as the dependencies between them. The technology stack is essential for business people because it impacts their ability to access information, make business decisions, and perform business analysis.
There is a new challenge beyond the obvious needs of technologists becoming more business-oriented and business-oriented IT, It is important to have a common understanding of and a shared perspective on value. This issue is both a business and technology concern. Conflicts are inevitable when IT and business have different views and meanings of value.
Both IT and business organizations have often seen two different views of value. IT experts generally adopt a data-to value approach. Data is information. Knowledge enhances information. Action leads to knowledge. Positive outcomes lead to value. A goals-to-value system is a common method of business management. Goals and business drivers determine strategies. Strategies drive tactics which, in turn, produce results. Positive results create value.
Alignment is the key to effective business/IT relationships. It takes new IT skills, new business skills and new perspectives to create the conditions for business/IT alignment. However, it does not guarantee alignment. There are many things you need to do in order to achieve true association. Some by IT, others by the business and some jointly.
Since the inception of automated Information Systems, there have been conflicts between IT and business organizations. Technology and business have advanced at an incredible rate. However, most businesses still face this problem. It is time to end the Business/IT crack. It is expensive; it has no value; and the obstacles that it creates are growing larger every day. It is possible to solve the problem, and it is time now!
Pervaiz Pyar Al holds advanced degrees in Computer Science and Business Management. Pervaiz, who has been working in Pakistan’s Banking industry for five years, has developed several projects within his company. Pervaiz currently works as a senior system administrator in Saudi Pak Commercial Bank Limited Karachi, Pakistan.