Information Technology for Management Current Trends in IT IT Today IT ( A brief overview) Organizations & IT Team Building Exercise 1 Information Technology • The process and applications that create new methods to: – Solve problems – Perform tasks – Manage communication Inspiring Trends 2 The Impact of Technology on the Workplace • Technology has: – – – – Improved productivity Improved efficiency Reduced costs Enhanced customer service Informed Efficiency 3 The Impact of Technology on Consumers • Technology changes the way consumers: – Make purchases – Use Services/Applications – Plan vacations – Obtain Entertainment Increasing Awareness 4 The Biggest Technology Challenge for Business • Keeping pace with new Technology in new competitive environments THE INFORMATION AGE: Faster, Better, Cheaper! 5 Information Technology • The branch of technology devoted to: (a) The study and application of data and the processing thereof; i.e., the automatic acquisition, storage, manipulation (including transformation), management, movement, control, display, interchange, transmission or reception of data and (b) The development and use of the hardware, software, and procedures associated with this processing. 6 Model of an Information System H/W S/W DATA INFORMATION People Stored Data Procedures 7 Information Technology Usage • Database software is used by a wide variety of businesses to store and retrieve data. • One of the most common types of IT usage in businesses is in Word processing. • These packages are continually updated to provide more features that can assist in the creation and management of Business documents. 8 Information Technology Usage • Computer networks are often set up by businesses to facilitate the use of a central IT system by employees and customers located at different sites • Internet is used to facilitate communication between its users, respective of the fact whether their computers are physically compatible or not. 9 Team Building Exercise Team Formation (Five People) 1. Team Name 2. Tag Line 3. Logo + Slogan or Theme 4. SWOT Analysis 5. USP of your Team 10