Technology Trend in Today Business: A Brief

As the United States has led the Information Age, the economy of the world has transformed (Mukherji, 2002) in which Information Technology has contributed so well to the economic transformation  by reducing cost and increasing productivity.  This generation witnesses the evolution of the digital information technology, which nowadays has transformed the substance of daily life that people live (Haag & Cummings, 2008).   The world is living in the era of digital information technologies.  People are using digital technology at every minute in their lives.  Internet equips organizations and businesses a new dynamic way of communication and business operations.  Communication technology becomes a crucial catalyst for organizations in business processes, operations, and global supply chain management. 

Indeed, Haag and Cummings (2008) suggested the emerging technologies presented in four important trends that include Internet, wireless, physiological interaction, and pure technology.   With a closer look into the recent technology trends while in agreement with those important trends, in the market today, mobilization, database management, cloud computing, and the virtualization are actually emerging and evolving. 

* Mobilization merges with computing technology allows people to communicate and work everywhere they go. 

* Database management enables businesses to control the creation and maintenance of knowledge management, decision support system, record management, and much more. 

* The cloud computing utilizes Internet and Web technologies to deliver the least management effort while enable easy access to computing resources such as data access, network storage, and applications.   

* Virtualization reduces the resources, supports IT Green initiative, and provides cost savings and easier management.

In those technology trends, cloud computing and virtualization seems to be the focus in today information technology business.  With an IT department, any organization can be beneficial from virtualization technology.  Differently put, virtualization technology such as Microsoft Hyper-V or VMware, contributes to a definition of the private cloud.  Perhaps, virtualization is the last trend in business for reducing cost and increasing the efficiency of utilizing technology (Meek, 2011).   In addition, virtualization enables organization to pursue green IT initiative.  Virtual servers reduce the electricity consumption because of the reducing in hardware needed. 

We understand that virtualization and cloud computing technology provides an immediate cost saving by less energy consumption, less carbon footprint, and less IT administrative charges.  However, does it fit for every organization?  What are other factors need to be considered before switching over to these trends? 

References

Haag, S., & Cummings, M. (2008). Management information systems for the information age (Laureate Education, Inc., custom ed.). Boston: McGraw-Hill/Irwin.

Meek, F. (2011). The Benefits To Virtualization Technology. Computer and Technology. Retrieved on February 23, 2011 from http://ezinearticles.com/?The-Benefits-To-Virtualization-Technology&id=5924007

Mukherji, A. (2002). The evolution of information systems: Their impact on organizations and structures. Management Decision, 40(5/6).

About Phat Pham

I don't have money to share, but I do have a desire to transform our society, starting from the workplace and the local community I serve.
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6 Responses to Technology Trend in Today Business: A Brief

  1. JoAnn says:

    Phat: I think the challenge with technology is our own belief system. We know that technology is there that can be adapted to any industry to increase efficiencies, decrease costs and make our work more transparent, but our own belief system holds us back from fully integrating. At the core, those in our industry (housing) do not TRUST technology, we like to feel and touch the paper because it somehow connects us to our client, when in reality we are creating administrative burdens to our clients and to ourselves by not embracing that the newer generations do not have the same trust issues as the older generations. We can always say we do not have the money, but a little money up front to upgrade systems saves a lot more money in the long run.

    Here is another quote I came across: It is hard to let old beliefs go. They are familiar. We are comfortable with them and have spent years building systems and developing habits that depend on them. Like a man who has worn eyeglasses so long that he forgets he has them on, we forget that the world looks to us the way it does because we have become used to seeing it that way through a particular set of lenses. Today, however, we need new lenses. And we need to throw the old ones away.” Kenich Ohmae

    • Phat Pham says:

      Thanks for your comment. I also think this has to do a lot with leadership among leaders of the organization. You are right, most of the time, leaders should learn how to envision the return on investment rather than looking at the money they have in the pockets.

      I love that quote from Kenich Ohmae. Here is a quote I know but foget where it comes from “Minds are like parachutes. They only function when they are open.”

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