MGT 420 Module 2 Discussion Question 3:

What is the role of IT in an increasingly global environment? Provide examples of how IT has changed your organization (or an organization with which you are familiar).

ADDITIONAL INFORMATION 

The role of IT in an increasingly global environment

Introduction

For generations, the role of IT has been to ensure computers and systems can do their jobs. Today, though, IT is becoming more than just a support system. It’s becoming an integral part of business operations across industries. That’s because we live in a global economy where companies now must compete on multiple fronts at once—and one way to do that is by allowing technology to help them collaborate across borders and oceans as effectively as possible.

The Role of IT in an Increasingly Global Environment

According to the World Economic Forum, IT is “a critical component for competitiveness in the global economy.” The same report also states that “The rise of technology has transformed almost every industry and organization on a global scale.”

While this may seem obvious, it’s worth repeating: IT is a key enabler of globalization. It helps companies become more efficient by reducing costs associated with transport, communications and logistics—allowing them to compete better with their peers around the world.

Ensuring Compliance and Security

Compliance and security are two of the most important aspects of an organization’s IT infrastructure. While they may seem similar on the surface, they’re actually quite different operations.

Compliance refers to how a company conforms to industry standards, while security focuses on whether or not someone can access data from within the network (or other areas) without being noticed by either internal or external parties. Compliance involves maintaining records about what happens within your environment so that everyone knows what needs to be done—and when—in order for you stay in compliance with regulations like PCI DSS (Payment Card Industry Data Security Standard).

Security also includes keeping hackers out of sensitive areas within an organization; however this often means hiring more people than necessary because some employees may feel threatened if they think their job could be at risk once someone discovers that there has been an intrusion into computer systems containing critical information such as credit card numbers or social security numbers.”

Enabling Effective Collaboration

The importance of collaboration

Collaboration is one of the most important aspects when it comes to successful business operations. It’s vital for companies to be able to work together, share information and resources, and create a common goal that is shared by everyone involved in the project or initiative. Without collaboration there would be no way to accomplish any tasks or goals set out by an organization’s leadership team or top executives—and even if you were able to do so on your own (which isn’t always possible), it would be much harder than working with other people who have different ideas about what will work best for everyone involved in whatever project/initiative/action plan you’re trying execute.”

Rapidly Adopting New Technologies

In the modern world, technology is changing rapidly. The pace of change has affected all aspects of our lives, including the way that we work and play. As a result, it’s essential for organizations to adopt new technologies in order to stay competitive and ensure long-term success.

In order to keep up with this rapid pace of change, you’ll need an effective strategy for adopting new technologies—and not just any strategy will do! You need one that allows your organization to take advantage of the right tools at the right time; this ensures that you don’t get left behind by competitors who are already ahead in their adoption efforts

IT has become a critical component for competitiveness in the global economy.

IT has become a critical component for competitiveness in the global economy. In fact, according to a report from Accenture and Oxford Economics, “global trade is estimated to have reached over $25tn” by 2025. This means that more than half of all goods produced worldwide will be shipped across borders on a daily basis—and this number will only continue to grow as our world becomes increasingly interconnected.

The need for rapid communications and seamless processes across multiple geographies makes it imperative that companies have access to reliable information technology (IT) solutions at their fingertips wherever they conduct business around the globe. But with such rapid changes happening in so many different industries worldwide, how can businesses ensure they’re equipped with enough support systems?

Conclusion

As we have seen, there are many ways that IT can help companies become more competitive. It has become a critical component for competitiveness in the global economy. Companies must find new ways to utilize their technology and keep up with the latest trends so they can stay ahead of the competition. The key is to stay on top of things—not just with technology but also market trends so that you can make informed decisions about how best to invest your resources towards future growth opportunities.

Collepals.com Plagiarism Free Papers

Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS

Why Hire Collepals.com writers to do your paper?

Quality- We are experienced and have access to ample research materials.

We write plagiarism Free Content

Confidential- We never share or sell your personal information to third parties.

Support-Chat with us today! We are always waiting to answer all your questions.