How technology in business aligns with value

Technology in business uses computers, telecommunications systems, and other devices to create, process, store, retrieve, and transmit information, including through television and telephones. The lessons answer how technology can be aligned with business value and help readers understand its role in business operations and decisions. They connect data processing, technology management, and investment choices to business outcomes.

3 articles, 1 video, 1 book · about 34 min of reading and viewing

The reading path

1. Read
   

   technology in business · Wikipedia · 18 min read

   Companies have sought to integrate IT with business outcomes and decision-making through a BizOps or business operations department. Many companies have IT departments for managing their computers, networks, and other technical areas of their businesses. In business, electronic data processing uses automated methods to process commercial data. Examples include applying stock updates to inventory and banking transactions to account and customer master files. For technology in business, data stored worldwide can become "data tombs", "data archives that are seldom visited", unless it is analyzed and presented effectively. Data mining, the process of discovering interesting patterns and knowledge from large amounts of data, emerged in the late 1980s to address this issue.

2. Read
   

   A Politics For Technology · Stratechery · 8 min read

   Uber more efficiently uses vehicular and human resources, which grows the economic pie by freeing resources for new value-generating activities. Any resource devoted to one activity may not be devoted to another.

3. Read
   

   "Manifesto Hatched to Close Gap Between Business and IT" · technewsworld.com · 5 min read

   The BizOps Coalition says the Project Management Institute reported that a million dollars is wasted every 20 seconds on IT investments that do not align to business value. The coalition's BizOps Manifesto offers guiding principles to connect technology investments to business outcomes through trust, confidence, and collaboration.

4. Watch
   

   Jimmy Wales on a Business Model for Social Networking | Big Think · YouTube · 3 min watch

   Jimmy Wales discusses whether social networking sites will find a "magic bullet" business plan, focusing largely on Facebook. Wales says Facebook brings in quite a large amount of money and spends it on improving the site, so he is not sure it needs a magic bullet to survive.

5. Book
   

   The Innovator's Dilemma · Bookshop.org

   The Innovator's Dilemma by Clayton M. Christensen describes how large, outstanding firms can fail "by doing everything right" when their successes and capabilities become obstacles as markets and technologies change.

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