Technology Mega Trends: Managing Information and Technology

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Top Highlights

• Expanded connectivity

• By digitizing information-intensive processes, costs can be cut by up to 90% and turnaround times improved by several orders of magnitude.

• M2M and the Internet of Things (IoT)

• When devices or products are embedded with sensors, companies can track their movements or monitor interactions with them.

• Technology Mega Trends

• Connectivity

• cloud computing

• Big data

• Unstructured data

• main sources of big data

• Digitization

• replacing paper and manual processes with software allows businesses to automatically collect data that can be mined to better understand process performance, cost drivers, and causes of risk.

• Real-time reports and dashboards on digital-process performance

• Machine-to-Machine Technology

• Pricing

• cloud computing

• it provides the flexibility to acquire or expand connectivity and computing power as needed for operations, business transactions, and communication.

• Companies need to connect with consumers and business partners across multiple channels and devices using digital platforms that consist of hardware, software (mobile apps), networks (social media), (embedded sensors), and cloud computing.

• One of the many benefits of the cloud is that

• Big data are what high volume, mostly text data are called