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I/T Summary & PlansInformation technology (I/T) is a broad term encompassing computer hardware, software, data and communication facilities. Its proper use within the corporation is vital, and its importance in the development of the product or the delivery of the service varies by industry. The general trend for most industries is that information technology is growing in importance every year. In most companies, the proliferation of information technology is rarely limited to just the activities of the information systems department. Personal computers and local area networks are spreading rapidly throughout most organizations. In general, the information systems department of today no longer controls all I/T spending as it did in the 1970's and early 1980's. I/T expenditures have become such a large percentage of costs and have such a significant impact on competitive advantage that most business strategic planners need to comprehend the role of I/T in their business and industry or they are missing the boat. It can also be said that most I/T managers need to understand the business in order to effectively allocate scarce resources in line with the needs of the business. There are many exceptions to these general rules. But today is very different from 1980 when it was rare for a manager to understand both business and information technology. |
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