Does IT Matter Assignment Essay Example | Topics and Well Written Essays - 500 words

Does IT Matter Assignment - Essay ExampleCompanies have to draw a balance between purchasing latest development technology in order to acquire its benefits and increasing profit of business by cutting down expenditures and not purchasing latest technology. There is authorized risk in getting all(prenominal) new technology that comes in the market because it might cost more than it benefits, so managers only hurry when they sack out there is definitely an advantage in getting the new technology. Different cheeks select knowledge technology they need considering the functions and goals as well as organization structure.Ans.IT department in my organization, which is a construction company working on a building project as a contractor, gets a lot of assistance and support of the management. However, many a times, top management hesitates to entertain the requests and recommendations it makes. It is like one out of every three recommendations IT department makes is approved. IT dep artment is undoubtedly a value adding area in my organization as it facilitates companys operations and ensures that business runs smoothly as the whole organization is primarily depending upon IT. It is not really a cost center because my organization usually uses technology that has long been in the market and has thus come down in scathe of price. It is the new or the latest technology that management does not easily approve of.Ans.The industry my organization competes in is construction. In construction industry, it is basic information technology that is very important. Construction works cannot proceed without constant interaction between people working on the site and others in the office. So every worker is provided with a telephone. Different project parties conduct group meetings using videoconferencing e.g. skype. In order to compete in the construction industry, IT competence is essential alone not the only factor that determines success. Yes, the market leaders in my industry are generally