Business and IT Management

Question: Describe the following points.. 1. Purpose of the Paper 2. Important Points / Arguments Presented 3. Approach Used 4. Issues and Questions Id Like to Bring Forward? Answer: 1. The 2014 SIM IT Key Issues and Trends Study: 1.2 Purpose of the paper: Since 1980, different universities have been making joint effort with the SIM (Society for Information and management) in order to conduct a survey to find the issues, which are faced by the IT executives. With the passing time, these studies have been stretched for the inclusion of the sourcing, workforce, performance, relationships and other different IT management and organizational practices. Important points: Widely concerned 2014 SIM IT Trends Study have focused on six key points- Important issues and concerns on IT management. Most important technologies and largest IT investment. IT organization, budget, staffing trends and role. IT delivery trends. CIO time allocation, tenure, background, reporting relationships and performance measures. Needed skills for the success of the CIOs, new IT hires and mid-level IT professional (Magretta and Stone, 2002). 1.3 Approach Used: With the development of this paper, It explored that how IT executives spend their time and with whom, there are also an assessment is done in order to make the clear statement about IT executives role. This study made the clear identification about the IT trends across the industry. Here multi-layer study effort is used to give the annual snap shot of the state of the IT. Participant of this SIM IT trends studies are asked to choose up to three it management issues form s list of 40 most important considerations. Participants are also asked to choose from a list of 47 technologies up to three of their chosen organization (Kappelman, 2014). 1.4 Issues and questions I would like to bring forward: What are the skills needed in order to meet the success of the organization as a whole? The concerned changes in IT priorities? Challenges faced by the CIO. 2. IT does not matter: 2.1 Purpose of the paper: IT is seen at its best in a series of broadly adopted technologies that have been reshaping the industry since last two centuries. There are so many points have come out regarding the over investment in IT. In both cases, individuals and companies dazzled by the unlimited commercial possibilities of new invention of technologies. The flood of the capital led to enormous overflow and devastating scenario for the entire industry (G. Carr, 2003). 2.3 Important points: As important points there are some issues came out form the study- Spending needs to be less. Studies indicate that there are very few companies who posted good result with a huge amount of capital. Flow, does not lead. Waiting for a technologically invented product can cause prevention of having technologically flawed product. Need to focus on the vulnerabilities rather than opportunities (Davis, 2003). 2.4 Approach used: Approaches are used here buy gaining understanding upon how to lessen the expenditure or overflow of the capital. Strategies must be used there in order to plan the budget and overall organizational to do list. 2.5 Issues and questions I would like to bring: How moors law is indicates the path to think strategically about the investment? How the vulnerabilities need to be identified? References Davis, C. (2003). Technologies methodologies for evaluating information technology in business. Hershey, PA: IRM Press. Carr, N. (2003). IT Doesnt Matter. 1st ed. Kappelman, L. (2014). The 2014 SIM IT Key Issues and Trends Study. 1st ed. Magretta, J. and Stone, N. (2002). What management is. New York: Free Press.