IT has not only brought the world closer together, but it has allowed the world’s economy to become a single interdependent system. Companies are tapping into the power of new Information Technology applications as powerful collaboration tools within organizations, using group blogs, wikis, social networking, and peer-to-peer file sharing. Managers rely on information technology for the efficient management and control of operations. Sophisticated IT systems can gather huge amounts of data and transform them into useful information for decision makers. With the help of information technology, communication has also become cheaper, quicker, and more efficient. IT has made it possible for businesses to be open 24 x7 all over the globe. These are just some of the advantages/uses of IT. The development of IT, has however, brought with it many threats and disadvantages.
While information technology may have streamlined the business process, it has also crated job redundancies, downsizing and outsourcing. This means that a lot of lower and middle level jobs have been done away with, causing more people to become unemployed. Though information technology may have made communication quicker, easier and more convenient, it has also brought along privacy issues.
In any situation, a manager and the organization for that matter should take time in assessing the advantages and threats before venturing into something, IT for example. It is logical and easy to keep in mind that whenever the risk is greater than the advantage it might provide, then it is not worth the risk. Though IT is essential for organizations to compete in the global economy, it is not always the only solution for organizations to have its place among its competitors. If the organization know that it is not yet fit to overcome the risks IT might bring, then it should not use IT.
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