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Understanding IT Strategy

In: Cloud Computing and ROI

Author

Listed:
  • Sanjay Mohapatra

    (Xavier Institute of Management)

  • Laxmikant Lokhande

    (ICRA Limited)

Abstract

IT (Information Technology) has travelled a long distance very quickly to reach its current state and has a very long way to go ahead. IT mainly started with the help to accountants (Chuck 1998). The accountants used to do a lot of data interpretation and number crunching to convert numbers into strategic and tactical decisions. IT has helped to develop new business models and become an important resource for the organization. It was possible due to the continuous research and the corporate which promoted them. Innovation and new ideas were encouraged to match the day to day developing technology and extend the use of IT to a large number of areas and domains. IT has created such numerous opportunities that organizations are forced as well as motivated to develop its business models in synchronization with it. For example online marketing by Dell, e-commerce portals for buying tickets for air travel and many more. The vastness of IT has brought a big change in current business structure and added a new life to them.

Suggested Citation

  • Sanjay Mohapatra & Laxmikant Lokhande, 2014. "Understanding IT Strategy," Management for Professionals, in: Cloud Computing and ROI, edition 127, chapter 0, pages 17-39, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-08663-7_2
    DOI: 10.1007/978-3-319-08663-7_2
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