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The true danger is that systems get out of date which leads to all kinds of costly software and hardware inefficiencies.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

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.

Advantages of Information Technology

What is Information Technology

Information technology is the use and application of the computer system to process, manage and distribute information. Use of IT in this context involves both the hardware and software components.

Some major advantages of Information Technology in various areas are listed below:

Speed and Accuracy in information Processing

With the use of IT more work can be done by individuals, businesses, services and government organisations. Function enhancement programs such as word processors, database programs and spreadsheets can get work done in less time with increased accuracy and efficiency.

Global Social Interaction

IT has made global social and cultural interaction very simple. This is evident with the emergence and success of social networking websites, such as Facebook and Twitter. More so, the use of information technology has eliminated language barriers with technologies such as language translators.

Entertainment

The introduction and use of high tech applications and gadgets such as iTunes, iPod and iPone has been revolutionary. Downloading, buying, playing and organising, music, videos, movies and TV shows has been made super easy and accessible. The gallant advancement of information technology through history puts the world in your palm with technologies such as iPad and Amazon Kindle.

Communication

The effect of information technology on universal communication is phenomenal. Telecommunication has gone beyond the use of basic technologies. With the advancement of the Internet and technologies such as VoIP (Voice over IP), organizations, businesses and individuals can communicate any time from different parts of the world through video and voice calls, web conferencing, seminars and virtual meetings.

Economic Advancement

A major step to global economic advancement is the removal of distance and time barriers brought about by the application of information technology to buying and selling of goods and services (e-commerce). E-commerce gave room for tiny, small and big business players to emerge. Interconnection of businesses is made painless. Thousands of local, national and international businesses and enterprises now have what is referred to as ‘web presence’ and can now reach wider audience.

Education

Education has gone far beyond the use of bricks and mortal classrooms or traditional blackboards. The world is now in the era of e-learning, using technologies such as VLEs (Virtual Learning Environments). Students can have access to all teaching materials and resources online; engage in virtual classrooms real time or asynchronously.

Health

The use of IT has led to an overall improvement in quality, safety and efficiency in the health care delivery system. The health care sector is positively impacted by the use of electronic health records, virtual healthcare team technologies, telemedicine, e-health grids and various specialist health care information systems.

Information technology had brought phenomenal changes to all aspect of life. The positive impact has been global and the change continues to grow exponentially. However, the disadvantages can not be ignored. A major menace brought about by IT is security and drastic reduction in privacy.

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