What is Information Technology?
May 3, 2020
May 3, 2020
Information Technology, also known as IT, is a vast umbrella term used to cover the uses and applications of computers for storing, manipulating, retrieving and transmitting data information in its many forms.
While managing information in its variety of media is a fundamental capacity of human beings, Information Technology as a phrase first appeared in 1958 in a Harvard Business Review article and pertains to three main activities – processing information, applying mathematics and statistical methods for making decisions, and higher-order thinking simulation via computer programs.
The most advanced and modern IT activities include Probability & Predictive Analytics and Artificial Intelligence. But most business IT applications pertain to the general processing of information for standard business activities. The vast majority of IT operations are for everyday business functions.
For commercial institutions, data processing occurs in many formats through an information technology system – an IT system. IT systems include computers, monitors, software programs for processing data in various ways, Intranet systems linking individual computers together for the sharing of information and communications, and Internet systems that allow individuals to tap into information systems outside of their physical location – sometimes across the globe.
Data storage occurs on personal computers and also in databases for holding tremendous amounts of information – sometimes on-premises and sometimes stored off-facility in data warehouses. A newer model of Cloud Storage and Cloud-based data processing applications is growing in popularity.
Companies engaged in the IT industry comprise the Tech Sector or Tech Industry. According to the US Government, there were more than 100,000 IT and software services companies operating in the United States as of 2015.
B2B Marketplace Models on the Borza blog: The past few decades have seen the rise of online marketplaces. These marketplaces include both platforms with a horizontal business model that caters to a broad user base, and platforms with a vertical business model that seeks out niche markets. Initial marketplaces were horizontal, e-commerce platforms, including Amazon and Etsy. Later platforms, such as Grubhub, Uber, and Airbnb, focused on vertical, service-based offerings. More recently, the marketplace sector has seen the rise of “business to business” (B2B) platforms, including Upwork and Fiverr. However, despite the proliferation of the B2B marketplace model, such marketplaces have failed to succeed to the extent that e-commerce and service-based platforms have.
Friday, May 15, 2020
We're hiring Partners across many technology segments, including Solutions Development, CyberSecurity solutions, Remote work solutions, AI solutions, IoT solutions, Managed services solutions, Data solutions, Workforce development solutions, Cloud solutions, Web development solutions, Digital transformation solutions, Small business solutions, Fintech solutions, DevOps solutions, Business continuity solutions. We're unveiling a bold new employment model with uncapped income For people who don't want their potential capped. Why do we need to play by the book? We're writing our own book for what it means to employ someone. What is our Partner model all about? We recognize there is an abundance of talent that is hungry to do more, and earn a lot more. The problem with current employment and compensation models is that someone, somewhere, decided that you can only make a set and defined income despite the continuously increasing value that you bring to the organization.
Thursday, May 14, 2020
In a post COVID19 world, technology vendors are left battling with a gigantic ecosystem of channel partners and service providers that underperform in a digital-first world. The Channel Partnership Network: Technology Vendor ChallengesDespite having large channel partner networks, Tech Vendors attribute 80% of channel sales to 20% of their partners.... Tech Vendors face several challenges, including the disengagement and poor digital presence of channel partners. The result is that channel partners often underperform, and more than 90% of them need help in improving their performance.
Monday, May 4, 2020
SaaS has created many opportunities as well as challenges for solution providers. Read on! In the tech and IT industries, no technology solution model has been more prevalent than Software as a Service (SaaS). The early 2000s saw the proliferation of SaaS, with Salesforce leading the foray into subscription-based, on-demand software solutions. Since then, SaaS has grown to encompass 28% of the tech industry. Spending on SaaS products is expected to double in 2020 and to encompass 45% of the total tech industry by 2023. In fact, the average mid-sized company currently spends $20,000 per month on SaaS products. The explosion of SaaS has created both advantages and challenges for Businesses who buy SaaS, Tech Vendors who sell SaaS, Service Providers who resell, implement, integrate, and manage SaaS
Monday, May 4, 2020
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