UIUC BADM 350 - Summary of IT doesn’t matter (2 pages)

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Summary of IT doesn’t matter



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Summary of IT doesn’t matter

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Lecture number:
5
Pages:
2
Type:
Lecture Note
School:
University of Illinois at Urbana, Champaign
Course:
Badm 350 - IT for Networked Organizations

Unformatted text preview:

BADM 350 Lecture 5 Outline of Current Lecture II Summary of IT doesn t matter A Themes Context Critical thinking points B Proprietary Technologies definition C Infrastructural Technologies definition D Risks associated with IT for companies IT Doesn t Matter Summary Overarching themes We need to spend less on IT Context This article was written after the com bust in the 1990 s All of the statistics are from 2002 Critical thinking Do you agree or disagree and why We need IT but since now every company has it it doesn t give an advantage to companies anymore It just brings companies on a level playing field Follow others don t lead Once the technology has been invented figure out how to make the technology better By 2000 almost 50 of the capital expenditures of American companies went to information technology Businesses around the world spend over 2 trillion a year on IT Proprietary technologies can be owned actually or effectively by a single company Ex Patents rights to material They can be the foundations of long term strategic advantages enabling companies to reap higher profits Infrastructural technologies offer far more value when shared than when in isolation Ex Rail roads telegraph lines power generators it is far more valuable when shared than when in isolation These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute The increased supply of technology has decreased the price of new technology The number of computers connected to the internet grew from 80 000 to 125 million from 1989 to 2001 Since the 1980 s more than 280 million miles of fiber optic cable have been installed which is enough material to circle the earth 11 320 times Once companies buy IT systems they may not need to buy again for a very long time IT companies have started to charge per year so they can get money indefinitely turning them into utilities When a resource becomes essential to



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