Technologies and Innovation Essay Example | Topics and Well Written Essays - 750 words

Technologies and Innovation - Essay Example Technology and its innovation tend to change every so often that concentrating in one particular aspect of technology is hard. As mastery of the current technology is achieved emerging technologies and innovation makes the current technology passe if not archaic. And the whole cycle of self–education or formal education starts again. The dynamism of information technology therefore has created opportunities within the industry that should be explored further. Governance framework is an area of information technology that is often neglected during implementation or use of technology. This framework is technology generic and it is not specific or partial to the type of technology being implemented. However, the success of a business is often dependent on these two success factors. Often technology is implemented with the promise of reduction of operational cost, increased profits, efficiency and expansion of business interests. However, as each concept or framework is implemente d the true measurement of technology’s impact has yet to be realized.   Many organisations have come to recognized that they can gain more and up-stand their competitors better in the marketplace with the use of technology. Appropriate and clever use of information systems by organisations can achieve great successes and expand opportunities. There is no limitation in combining information systems and businesses today which provide opportunities for opportunities for growth. Also, using information systems today has became essential to many organisations rather than ‘nice to have’. Globalization forces many organisations to enhance the quality of services and product in order to survive and be competitive in the marketplace. As globalization provides many opportunities to success, it is also carry some risks. Thus, clever use of advancement in technology and information systems can help in the exploitation of these promising opportunities. The available material for this area of research exists in abundance and is readily available in journ als, books and other literatures. However, most information that is readily available is the successes and pains of organisations in implementing their Information System strategy. However, the framework that they have adopted needs to be explored so that the best possible permutation of frameworks or strategies that can produce the best result can be formulated. Information Systems can transform the traditional way of doing business today in order to be better.