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Facts......
Information Technology: Value Creator or Commodity?
-Warren Buffet
Facts.....
It has hampered its reputation as backoffice, report generating, analytical functions. IT is 50% of corporate capital spending. Wal-Mart-90% of its IT is in-house.The Major pushfrom IT is RFID -Wireless Tracking system. Business Pressure:Fedex and DHL Organizational Response:Amazon-Barnes and Noble
Have a Value Conversation-> Reverse Engineer from the impact you want to have.
Recognize that the cost of experimentation has collapsed. Get out of your comfort zone.
Overview
1969:The Arpanet is introduced, funded by the department of defence. 1970: E.F.Codd describes the relational model (databases)
1999- Wipro Registered in NYSE, DOTCOM bust 2004:ERP, BPO took Off 2008:UID Nandan Neilkani ,Govt 2011: $70 billion
1971:The first single chip central processing unit was introduced, the Intel 4004.
1972:Lexitron, Wang and VYTEC introduce Word Processing systems
Characteristics of IT
-Computer Resources
-Choice
Managerial Issues
-Who Recognizing opportunities for using IT and Web-based systems for strategic advantage. -Will build, operate, and maintain information systems? -How much IT? -What social networking activities should be pursued? -How important is IT? -Globalization. -Ethics and social issues. -Transforming organization to digital economy.
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