The Challenges Faced By Organizations When Managing Information Essay

The Challenges Faced By Organizations When Managing Information Technology in a Global Business Environment - Essay Example This paper illustrates that organizations often formulate business strategies to gain competitive benefits and information technology helps in gaining competitive edge and advantage in the long run. However, managing information technology is also considered as a challenge by a number of academicians and researchers. It is often believed that with a number of benefits; there are a series of challenges in the form of managing technologies, using them efficiently, and enhancing the acceptance rate. There is no doubt that with competition as the biggest challenge; forms often try to get more benefitted and ahead of others by making effective and efficient use of technologies. The impact of information technology is hard to analyze considering the fact that it requires the thorough analysis of the firms’ productivity and value creation in last few years. Thus, the discussion revolves around analyzing the views and opinions of other researchers in a critical manner to assess the ov erall impact in last few years. For this purpose, a number of academic papers, journals, and articles have been critically analyzed to form the general and later specific conclusion. Carr stated that information technology plays an important and decisive role in transforming business strategies through innovative applications and technologies. Carr further added that few companies attain advantages from specialized applications that may not offer the strong economic incentive for replication but there is no dearth of organizations using IT for business enhancing business processes and activities. Chen, et al stated that not many organizations are successful in delivering value from the IT investment and only handful of them become successful in terms of delivering value and business benefits.