Posted by: Daljit Gill
Key Ideas:
- The most important thing that the CEO and management should understand about IT is that its related to economics.
- Packet switching was invented to digitize voice, data, and video that enabled digital to communicate, and the cost of communication sharply dropped.
- New technologies will give companies the chance to differentiate themselves by service, product feature, and cost structure for some time.
- The new technologies will allow new things to be transformed in nonlinear ways.
Outline for Business:
The article is related to business in a way to advance technology that will lead company to a fast and advance services. The first mover takes a risk and gains a temporary advantage. The fast follower is up against less risk but also has to recover lost ground. The management is to understand that historical constraints of every kind continue to be knocked off IT because it is a universal information-processing machine. The advice is to look at IT use through several different lenses. One lens should be focused on improving cost savings and efficiencies. And another should be focused on the incremental improvement of organizational structure, products, and services. These advise helps any business to focus and get better results.
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