How Much Is “Information Technology Debt” Hurting Your Bottom-Line?

Information Technology (IT) debt is basically the cost of maintenance needed to bring all applications up to date.

Shockingly, global “Information Technology (IT) debt” will reach $500 billion this year and could rise to $1 trillion by 2015!

But why should you take IT debt seriously and begin to take steps to eliminate this issue from your business?

According to Gartner, the world’s leading information technology research and advisory company…

It will cost businesses world-wide 500 billion dollars to “clear the backlog of maintenance” and reach a fully supported current technology environment.

Gartner summarizes the problem best:

“The IT management team is simply never aware of the time scale of the problem.This problem, hidden from sight, is getting bigger every year and more difficult to deal with every year.”

The true danger is that systems get out of date which leads to all kinds of costly software and hardware inefficiencies.

Your tech support provider can most likely do a better job at staying current with your computer and network environment.

Have them start today by documenting the following:

  • The number of applications in use
  • The number purchased
  • The number failed
  • The current and projected costs of both operating and improving their reliability

Are you using this powerful formula to control your technology?

There’s a powerful formula I’ll share with you in a moment that will help you adopt new technology faster in your business.

In business, technology encompasses Information Technology (IT), Phone Systems and Web Development.

These three layers of technology form the backbone of your business’s technology environment. Why is technology adoption so important?

Without new technology adoption it’s impossible for businesses to be competitive in this economy. A major role of technology is to help businesses scale, design systems, and automate processes.

Studies recently have shown that adopting technology keeps businesses leaner because entrepreneurs can do more with less.

There’s evidence that new business start-ups are doing so with nearly half as many workers as they did a decade ago.

For example, Wall Street Journal’s Angus Loten reported that today’s start-ups are now being launched with an average of 4.9 employees.

Down from 7.5 in the 1990s, according to the Ewing Marion Kauffman Foundation, a Kansas City Research group.

In other words, technology allows businesses to expand quickly with less.

Researchers at Brandeirs University found that technology driven service businesses added jobs at a rate of 5.1% from 2001 to 2009; while employment overall dwindled by.5%.

These businesses save money, expand, and create jobs by adopting new technologies.

Are you adopting new technologies fast in your business?

Speed of technology adoption is critical to your business success.

Technology is changing the speed of business; now a whole industry might expand, mature, and die in months… not years.

There’s one formula that illustrates this marriage between adopting technology and business success the best… and that’s the “Optimal Technology Equation.”

I recommend you adopt this powerful “Optimal Technology Equation” in your business:

• Maintenance + Planning + Innovation (Adoption)=
• Enhanced Technology Capabilities=
• Reduced Costs + Increased Production=
• Increased Profitability.

Of course, this is only a brief explanation of this invaluable formula. Be one step ahead of the competition.

What Information Technology Management is About

The world is very much dependent on information technology because this is where businesses can get all of their information to customers or other consumers. Information technology is the study, development, and implementation with support of information systems. Information technology management is another step forward which takes the technology as a corporate resource where a company can organize it into an important tool to get their information to all targets. It can be used to help with business to gain new customers or to keep people abreast of all new things happening in the company.

Businesses who employ it must be in close relations with IT management in order for their businesses can use it to its optimum effectiveness. Topics that need to be understood to make information technology work is strategic planning, financial management, and risk analysis.

With this area of expertise becoming so much more important in this world, people can study this area at length. There are bachelor, masters, and doctorate degrees. There are many colleges who offer these courses. There are even courses online that allow some people with current jobs to take an online course at home. It helps people to accomplish a goal without adjusting their lifestyle too much.

To more closely look at the role of an IT manager, they must know how to plan, design, select, and use the new technologies that are coming out to integrate into the business that is employing them. Therefore, it is the ability of a person to effectively use the systems available to make it work for a business.

There are many resources online to find out more about this topic. There are schools who can help people decide if this is the career path that they would like to take. Businesses can get information on IT consultants who can help improve their businesses with setting up their system, and implementing the most economical system with up-to-date software.

There are journals available on all of the latest topics. They have some of the best people in the field keep other managers informed of new technologies being tested.

There can be specialists in different businesses who need information technology. Technology is advancing in every field, and it may take more expertise to implement information technology in certain fields because each field has its own specified systems.

Information technology management is a necessary field as our society continues to grow. Information technology are a set of technological systems which groups or businesses employ in order to spread the information which they produce or in turn, collect. Businesses may not be information technology businesses and need the assistance of those who are experts in the field to implement it into their business. IT managers are these people, and they can help to study a business and build the network of a business with the most economical and up-to-date systems. To become an IT manager, one can go to college advisors to find out if this is the field for them. There are many programs across the country.

How to Obtain an Accredited Information Technology Education

Information technology has infiltrated even the smallest of businesses, organizations, and schools. The skills needed to maintain, develop, and manage today’s technologically based computer software can be obtained by learning how to obtain an accredited information technology education. Students that are interested in this field need to seek out information and complete accredited college programs.

The technological resources associated with a business need to be constantly maintained. This includes creating accessibility, developing security, maintaining operation, and updating technology. Students can learn to perform these main functions inside higher educational training opportunities. Several areas of training are available and students can choose programs that best suit their career goal needs. An accredited education can be obtained when students complete a few necessary steps.

Training begins by researching what available degree programs can be completed. Students may have a high interest in information technology but specialization areas could make their career goals even more accessible. Students can enter training programs in areas that include:

  • Computer Information Science
  • Computer Information Systems
  • Information Security
  • Information Systems

Each of these areas falls under the category of information technology. Educational programs in information technology train students to understand the procedures performed to troubleshoot problem areas and evaluate the technological needs of a business. Computer information science programs give students the skills needed to correctly maintain computer networks and their databases. Computer information science focuses on the ability to develop networks and maintain a smoothly running environment for computer applications. Information security centers on teaching students to operate systems and perform any needed procedures to fix security breaches. Inside information systems training students are exposed to the skills needed to work with databases, network systems, and applications in order to keep them properly working.

Once students understand their available training options they can enter the second step, which is completing programs. This is the most important step because careers cannot be entered without a degree. Most areas offer several degree training opportunities. Schools offer programs from the associate’s to doctorate’s degree level. Career options will be directly affected by which degree level students decide to complete. Undergraduate programs offer students an overview of the industry with students starting to obtain advanced training at the end of bachelor’s degree programs. Training at the graduate degree level gives students a wider skill set. Courses that are taken inside information technology degree programs may include:

*Introduction to Information Technology

The history and the fast paced growth of the industry are studied. Students learn what industries use information technology and what tasks are conducted inside today’s professional workplace.

*Networking

Local area and wide area networks are examined to give students the knowledge of their capacity and limitations. Operating systems are explored and computer networking courses prepare students to obtain professional certification.

Working through the process of first exploring possibilities and then completing an accredited program that is approved by an agency like the Accrediting Commission of Career Schools and Colleges ( http://www.accsc.org/ ), will prepare students for careers. Join the professional workplace inside the continually growing industry of information technology by completing an accredited educational program.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

Copyright 2010 – All rights reserved by PETAP.org.

Information Technology Training Programs

The dependability on computers has only grown as technology as provided a way for almost everyone to own one. This is seen in the way that colleges, businesses, government agencies, and more have integrated the use of computers into their daily function. Students can learn how to work with all aspects of computer usage by entering information technology training programs.

Training programs are designed to teach students how a computer processes and how to maintain all the information used by one. This may seem like a basic undertaking but the work done includes working with all areas of information technology. Students can expect to learn how to design hardware, design software, secure a network, build an Internet application, and much more. The broad range of responsibilities makes earning an education the prime way to successfully enter a career. Before stepping into a specific career a few key steps have to be taken by students to ensure they have the needed knowledge to work effectively.

The first major step before work can start is for students to complete undergraduate degree programs. Both the associate’s and bachelor’s degree level of education are focused on providing students with a fundamental and foundational education in computer science and communications networks. Excluding general education requirements students work through many industry related courses that center on:

  • computer interfaces
  • web design techniques
  • information systems
  • business applications
  • operating systems
  • programming languages

The overall industry focus teaches students to apply, develop, and maintain technologies related to computer information by working to create user-friendly interfaces. The knowledge gained trains students to assist computer users, solve problems, and evaluate technological requirements of a business or individual. A troubleshooting course introduces students to hardware and software management. The process of diagnosing, following procedure, and producing a solution is covered through hands on experience. These courses help students step into advanced study or a career.

Working to complete a graduate degree is step two especially for students that want to enter a specialized area within information technology. Areas can include training in network support, software design, information security, and computer programming. Many of these specializations can be taken as a concentration in an undergraduate degree but to learn advanced techniques and procedures students should continue education into a graduate degree. Many programs focus on applying information technology to global business applications that work together to support the financial and organizational part of a business. A graduate degree in information technology covers a number of specialties that teach students how to work as organization leaders in regards to global economics and international business. Curriculum covers these areas by providing in depth explanation of dynamic programming, parallel computation, data compression, and nonlinear programming. The knowledge gained prepares students to work as researchers, technology specialists, and professors.

The ability to work with computers on a technological level presents numerous opportunities for trained students. Working to find and complete programs from accredited information technology schools and colleges can make the desire to enter a career a real possibility. The Accrediting Commission of Career Schools and Colleges ( http://www.accsc.org/ ) can fully accredit programs that offer quality training programs to students. Students should start education now and begin training in information technology.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

Copyright 2010 – All rights reserved by PETAP.org.

What Drives Information Technology

Information technology generally refers to all forms of technology used in the creation, storage, exchange and utilization of data, conversation and all multi-media forms of communication. With computer technology constantly changing and improving, businesses are being driven with the need for the right system that is based on the requirements and goals of their enterprise. They are considered business allies in an information-based economy.

What drives information technology is competition within the business environment and the progression of computer technology that it is a part of. The systems of technology involve varied shapes of many state of the art devices that help in the transmission of information to managers translating such information to their decisions in the organization’s operations.

There are many forms of information technology like computers, sensors, robots and decision support systems. The newest one being used in the market today are handhelds to help managers and subordinates to support their daily operations in the office. Due to the emergence of varied accounting system technology, Electronic Data Process Auditing now also known as Information Technology Auditing was launched to also cater to the need for technology control and as a response to utilize computers’ capacity for attestation services.

Information technology has revolutionized business operations. In shaping the structure and functions of work organizations, plants, and office, modern information technology is considered one of prime movers among many industries. When one talks about technology, it brings up a whole exciting world of computers and the Internet. It also prompts terms like server, intranet, security, firewall and network. Other terms in its jargon are Ethernet, VoIP and more.

Information technology has not always alluded to computers, but referred to the oldest information processor, which is the brain. Technology is perhaps man’s scientific attempt to imitate the brain’s efficiency in functions of communication and information storage. Thus it is essentially the communication, storage and processing of information that would suit the purposes of users.

Through the use of high technology in the form of state of the art computers and software systems, communication is well managed. Some companies refer to its Information Technology Department as MIS or Management Information Services. Large companies have bigger requirements for the Information technology departments with bigger responsibilities in information storage, information protection, information processing, information transmission, and even information retrieval. IT contributes to the success of these businesses as it works along side its human resources in accomplishing the organization’s tasks while reducing costs and opening new possibilities that have never been tried before by the company.

When the best of both science and technology is combined, what results is as powerful as today’s advancements in technology. So powerful it is that it is not only a part of man’s life — it dominates it. It makes him realize every second of his existence