MyPage is a personalized page based on your interests.The page is customized to help you to find content that matters you the most.


I'm not curious

IT is dead, now it is information … and then, technology

Published on 02 June 17
576
0
0
Big data is available in a wealth of forms, and nearly a decade ago information technology (IT) was a domain pertaining to computers and raw metrics only. But things have changed, and right now it has grown into a very broad industry - the simple data we once had is now a data menu that consists on machine data and the IoT, operational data and Business applications, and last but not least, structured/unstructured data.
IT is dead, now it is information … and then, technology  - Image 1
Information technology, with an emphasis on information

In the information technology environment, the information per se goes to the data part. At the other end of the spectrum, we have technology which pertains to sub-niches like data architectures, databases, and data models.

Increasingly more companies have move from IT to business intelligence (BI). The term is a nickname that incorporates a wealth of software applications employed to assess the raw data of an organization. As a discipline, BI incorporates several related activities such as online analytical processing, data mining, reporting, and querying. Overall, it’s still IT but with an emphasis on the business aspect.

Startups use business intelligence to cut back on costs, make better decisions, and spot business opportunities. We’re not referring to corporate reporting here because BI is better described as a set of tools that polished a process to helps entrepreneurs gather data that interests them.

IT is dead, now it is information … and then, technology  - Image 2
The information technology terminology has changed

IT is no longer described as technology used to inform people using raw data alone. Today’s business landscape has been completely changed. Without a shadow of a doubt, we must admit that digitalization changes completely the way we look at business opportunities. A wealth of industries, starting from retail, to manufacturing to the public sector use information business to stay at the top of the trend, and leverage the power of technology to thrive.

Information technology has been considered a tool to automate processes and reduce costs since the 60s. But we’re currently looking at the death of IT; because at this point information is much more important. Then comes technology. Without information to leverage, technology has zero use and purpose. In the past 10 years, we’ve seen lots of disruptive technologies enter the market - memory computing, the IoT, cloud technology, predictive analytics, AI, and others. If we were to combine all of them we would end up to a core conclusion: that without the right intel, these would have been worthless.
Building a business from scratch: information is the key, then come technology

Both AirBnB and Uber built their business empire from scratch. Their model was based on information business, even though they also needed technology to be able to thrive. Lots of companies nowadays see these two as brilliant example of how information and technology can thrive if they work well together. Digitalisation has potential, but it can’t operate on its own.

By 2020 we’ll see Generation Y use technology in proportion of 40%. It’s not that high because smart startups are well aware that without information, there’s nothing they can really do to keep up. Automation and AI will take the lead, but people don’t want machines stealing their jobs since this would mean that human interaction will go obsolete. CEOs are not at all surprised that 50% of their annual profits come from some sort of tech innovation. However, to succeed they’re also aware that at the core of every piece of gadget, there has to be pertinent information that appeals to the people; that keeps them engaged and interested.
IT is dead, now it is information … and then, technology  - Image 3
Easy, streamed technology with the help of information

The most profitable business today is also the simplest. Simple concepts that everyone understands are appreciated because they provide a use. Intuitive user experience and mobile-friendly concepts are meant to assist while providing a serve is the secret ingredient to a successful business.

To survive in the digital age, the corporate world must grasp that simplified technology has a lot more potential than raw data. Sure, we love to see groundbreaking innovations being launched and marketed, but if these don’t explain the process is simple terms, people won’t want to buy or use it. Even in IT, the old adage applies: less is more.
Big data is available in a wealth of forms, and nearly a decade ago information technology (IT) was a domain pertaining to computers and raw metrics only. But things have changed, and right now it has grown into a very broad industry - the simple data we once had is now a data menu that consists on machine data and the IoT, operational data and Business applications, and last but not least, structured/unstructured data.

IT is dead, now it is information … and then, technology - Image 1

Information technology, with an emphasis on information

In the information technology environment, the information per se goes to the data part. At the other end of the spectrum, we have technology which pertains to sub-niches like data architectures, databases, and data models.

Increasingly more companies have move from IT to business intelligence (BI). The term is a nickname that incorporates a wealth of software applications employed to assess the raw data of an organization. As a discipline, BI incorporates several related activities such as online analytical processing, data mining, reporting, and querying. Overall, it’s still IT but with an emphasis on the business aspect.

Startups use business intelligence to cut back on costs, make better decisions, and spot business opportunities. We’re not referring to corporate reporting here because BI is better described as a set of tools that polished a process to helps entrepreneurs gather data that interests them.

IT is dead, now it is information … and then, technology - Image 2

The information technology terminology has changed

IT is no longer described as technology used to inform people using raw data alone. Today’s business landscape has been completely changed. Without a shadow of a doubt, we must admit that digitalization changes completely the way we look at business opportunities. A wealth of industries, starting from retail, to manufacturing to the public sector use information business to stay at the top of the trend, and leverage the power of technology to thrive.

Information technology has been considered a tool to automate processes and reduce costs since the 60s. But we’re currently looking at the death of IT; because at this point information is much more important. Then comes technology. Without information to leverage, technology has zero use and purpose. In the past 10 years, we’ve seen lots of disruptive technologies enter the market - memory computing, the IoT, cloud technology, predictive analytics, AI, and others. If we were to combine all of them we would end up to a core conclusion: that without the right intel, these would have been worthless.

Building a business from scratch: information is the key, then come technology

Both AirBnB and Uber built their business empire from scratch. Their model was based on information business, even though they also needed technology to be able to thrive. Lots of companies nowadays see these two as brilliant example of how information and technology can thrive if they work well together. Digitalisation has potential, but it can’t operate on its own.

By 2020 we’ll see Generation Y use technology in proportion of 40%. It’s not that high because smart startups are well aware that without information, there’s nothing they can really do to keep up. Automation and AI will take the lead, but people don’t want machines stealing their jobs since this would mean that human interaction will go obsolete. CEOs are not at all surprised that 50% of their annual profits come from some sort of tech innovation. However, to succeed they’re also aware that at the core of every piece of gadget, there has to be pertinent information that appeals to the people; that keeps them engaged and interested.

IT is dead, now it is information … and then, technology - Image 3

Easy, streamed technology with the help of information

The most profitable business today is also the simplest. Simple concepts that everyone understands are appreciated because they provide a use. Intuitive user experience and mobile-friendly concepts are meant to assist while providing a serve is the secret ingredient to a successful business.

To survive in the digital age, the corporate world must grasp that simplified technology has a lot more potential than raw data. Sure, we love to see groundbreaking innovations being launched and marketed, but if these don’t explain the process is simple terms, people won’t want to buy or use it. Even in IT, the old adage applies: less is more.

This blog is listed under Development & Implementations Community

Related Posts:
Post a Comment

Please notify me the replies via email.

Important:
  • We hope the conversations that take place on MyTechLogy.com will be constructive and thought-provoking.
  • To ensure the quality of the discussion, our moderators may review/edit the comments for clarity and relevance.
  • Comments that are promotional, mean-spirited, or off-topic may be deleted per the moderators' judgment.
You may also be interested in
 
Awards & Accolades for MyTechLogy
Winner of
REDHERRING
Top 100 Asia
Finalist at SiTF Awards 2014 under the category Best Social & Community Product
Finalist at HR Vendor of the Year 2015 Awards under the category Best Learning Management System
Finalist at HR Vendor of the Year 2015 Awards under the category Best Talent Management Software
Hidden Image Url

Back to Top