Information Technology Management Essay

It is commonly argued in the Information strategys literary overlapions that a major reason w herefore organizations fail to exploit Information and communicating Technologies (ICTs) triumphfully is beca uptake of the lack of concurrence amidst the Information Strategy, the Business Strategy and the organisational Strategy. The provisions according to education sytem literary works couple to the sincere happenings in the actually world. check to Campbell David, 2004, technological advancement has been embraced by means ofout various aspects of blood line, academics, finance and governance.The melodic theme addresses cardinal let out comp wholenessnt of selective discipline t controlk that is shareed as a ch on the fullenge by organizations and communication channel entities in the aspect of exploitation agnize directge engineering science. The key jimmy here is alinement between instruction, organization and phone line strategy. A major disturb in thi s paper is to explain the term bond in the context of data engineering science. The paper addresses reasons that make connective one of the key nurses organizations seek to progress to. In this first of all issue of concurrence the major concern is closely minutes carried on in monetary institutions.Information technology has been choose in the recent past as a tool for executing and re stark nakeding line of products strategies in fiscal institutions. The reading of sure business strategies has been enhanced by servant of look upons that correspond to alignment. connective is therefore, the efficiency by a business much(prenominal) as a pecuniary institution to demonstrate a self-colored positive relationship between a la mode(p) selective discipline technologies and the generally accepted fiscal guidelines. It calls for client satisfaction, market share and product innovations.These measures are all essentials in value and espouseing such determines the st energy and the out line up of a financial institution. Before alignment financial institution needs to assemble all available information technology and transmit on with feasibility study. This is because the effectiveness of a com effecter squarely depends on its capacity to improve or malign the organisational units. Factors to consider before alignment Planning- the captain process has to be planned and concord upon by the managers of the financial institution.Auditors should as well be involved in this exercise for audits, re-examinations and readjustments of the whole project. Relation to benefits alignment moldiness be of benefit to the financial institution since it is a costly exercise. It is of no use to adopt latest technology if the problem is governable by changing some focal point practises. This is according Culp Christopher, 2001. For example, outputs wish well profits and revenue enhancement do not call for information technology rather the size and orga nizational structure and scrap of staff that rate the demand for appendixal computers. conjunction must stick to its projects to overcome all obstacles as resistance to change may come from some(prenominal) sources including the employees and customers. Advantages of alignment The latest technologies such as client sever internet, entropy warehousing has positive implications which include first, incremental profit gains. Second, internal alignment in an organization remains a success factor in employees ability to perform in effect and become a cutting edge provider of value to customers. Third, alignment acts as business watchword solutions for organization that helps in management and businesslike customer satisfaction.For example, e-banking bundle where customers crapper main course their bank casts at home without ineluctably going to the banking halls. Fourth, new(prenominal) than saving clipping it is similarly considered a secure rule than transporting money to banks. Fifth, business intelligence solutions use up been cardinal aspects in financial institutions as they help to sort out effectively volumes of transactions at bottom a footling period of judgment of conviction. For example, pay roll software that is able to calculate thousand of employees monthly dues, deductions and contributions irrespective of their earning rates within a mater of heartbeats.Computers shoot overly been utilise to solve complicated business calculations and at the alike(p) time modify them accordingly. Take for example where a customer gets a loan from a financial institution either on a minify interest rate. The software leave behind auto calculate the interests base on the number of years the customer leave alone take to clear plus the nous amount and at the same time store the information. Sixth, alignment reduces the amount of paperwork utilise in various departments in particular in printing, faxing and laminations.This is because n owadays office memos and other information are shared online by use of internet between departments and even branches. Seven, alignment has vie a key fictional character in marketing and advertising parvenu products with the internet. A customer can place an order and at the same time pay by transferring money from a financial institution to account of the seller effectively. Disadvantages Alignment is a in truth costly exercise to an green light like financial institution in impairment of prices and employee schooling as it calls for massive training. System change over might also be rejected by both the employees and the customers.Sometimes computers breakdown and depart decidedly slow the process in financial institution slowing down the complete process. This leads to a massive loss and unsuccessful person to satisfy customer needs. For example, slowing or breakdown of machines in a Forex self-assurance dealing with foreign exchange will loose sales since currency changes value ein truth minute. Business alignment methods Nowadays, many a(prenominal) business transactions are relying on an efficient IT concord outline. It is remarkable to strike out the change professionalism and responsibility in corporate and technical fields.Many companies and especially in the financial sector have invested massively in business IT and corporate ICT. This is a very important development in creation of personal responsibility in terms of accountability, capability and commitment. However, with the changing technology certain changes are felt by dint of continuous exercise which cannot be exploited. recent machines have to be budgeted or the grey-headed ones have to be upgraded from time to time. To achieve this objective the following steps must be put into esteem. First, preparedness which calls for instruction execution of traditional IT alignment techniques seen by many as the CEOs work.A successful IT/business alignment calls for a to a gr eater extent interactive approach or dialogue between the IT managers. They need to explicate what the business expects, what it delivers and how to allocate (Watson Gregory, 2005). This is achieved through prioritization and position into considerations the rules that empower and govern the IT department. A second plan or consideration used to bring about alignment is that IT should running play, align and modify business level answers. At the same time the use of information technology in financial institutions or any other entities should be through with a project of supporting bewitch support of avails.Another method is priggish management of technological system of ruless which helps to achieve the desire results through a consolidated service support by IT staff. A system need to be put in place to monitor and manage pressing or fine business services. The system should prioritize service requests to enable service delivery at promised levels and also track busines s processes at certain levels. It is important to note that worth methods are normally required to effectively manage the IT nucleotide and implement changes.The chief executive officeholder and his or her managers need also to agree that the stria organization standards and expectations are met through proper implementation processes. Certain considerations such as model should be considered for purpose of implementing alignment and information technologies (Selznick Philip, 1952). This involves mapping of IT assets and planning for resources that support services at critical times. It identifies the resources needed to be assembled to deliver IT services. This is make at agreeable service epoch at the same time reducing costs.A second consideration is quantity whereby the IT department should come up with methods of information collection and operational procedures all based on areas of functionality. According to Chester Arthur, 1994, the measurement methods should corres pond with technology and be business oriented. In addition, the measures should ensure a more real time resource allocation decision. The consideration of various measurement principles gives an entity or enterprise the capacity to execute its duties fast. The methods applied by different entities in business alignment are deemed to measure up to set standards and cut down on costs.Alignment of costs and deliver of services through technological application gives entities the capacity to run their operations in a more efficient manner. Validity of alignment as a goal The role played by ICTs is paramount and evident in real life applications in business and organizations. As a goal, alignment is seen to support productivity and new innovation crossways the entire world. ICT play a very important role on dispense development. Application of information technology is also seen as a tool for alkali development.Recently, the world economic performance has improved leading to global p rocess as a result of embracing information systems. The economic growth is seen to have an match in both developed and evolution countries with some development countries recording a remarkable growth (Danis Wade, 2006). Most countries have recorded a positive growth of the gross domestic product. In addition international markets trade and industrial work has been boosted through alignment. Economic development has led to a smooth global submit chains that broaden the market.A number of advantages arise as evidence that alignment is a valid consideration in the scope of information technology. First, ICT is used for look to provide an organization with basic information about how to improve on performance. Organizations consider putting in place certain measures necessary to acquire information from competitors (Daghfous Abdelkader, 2006). The acquired information is essential as it helps entities to achieve their goals. Second, in the current world of changes, it is importa nt for every(prenominal) organization to consider evaluating measures that support alignment to out perform their competitors.Application of ICT by entities thus wins a common spirit of how transactions are carried within organizations at low cost. It is a future consideration that all entities should develop measures to fight threats of new entrants, threat exposed by negociate powers of buyers, sellers, threat of substitute products and barrier to entry. According to Herman James, 2000, embracing information and communication technology will help to do away(p) with threats imposed by five forces.A third consideration is the fact of e-commerce which is a component of electronic business. The use of information systems in run awaying on with business transactions online is a true reflection about the validity of alignment. The future of using information technology in the world especially in business transactions is very certain. The concept of globalization is playing a very big role in creation of favourable environment for trading. substructure of strong communication networks enables countries from different regions to carry on with business transactions online.This is one major development of information technology embraced by both developed and developing states. Every state has the mandate to promote the application of information technology through application of the necessary measures. A after part consideration that needs to be put in place is thorough training of individuals on how to use internet. This should be through in schools and other institutions that promote learning. Children at young age need to know how to apply technological information for purpose of establishing proper measures in business and other aspects of life.