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Technology Advancement

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Please help provide some detailed information on the following:

- How does a business stay ahead of technological advances?
- What are the pros and cons of being on the bleeding edge with technology used in a business?
- Do you think that business and information technology are converging and is this a good trend or will it result in a distracting blur between business functionality and technology design?

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Solution Summary

This solution responds in detail to the questions on technological advances and its impact on aspects of business.

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1. How does a business stay ahead of technological advances?

It is not so much that businesses stay ahead of technological advances, but that they use the best-fit technology strategy and options that meet their mission and organizational objectives. Does the technology meet the need of the organization? What problem are you trying to solve or fix?

Thus, all business decisions need to be mission and objective driven, including the decision to include technology as a part of the overall business strategy. Thus, market research helps to determine, in part, the technological decisions best for the organization. For example, if your marketing research suggested that in order to keep in-line or above the competition that you need to implement newer technology, then this might be the best option. However, it is not about staying ahead of technological advances just for the sake of staying ahead of technological advances. Rather, technology decisions are to be need (problem) driven, while at the same time considering such things as costs and resources available. In other words, decision about technological strategies need to be dealt with in the same thorough manner as all other business decisions. In other words, successful vetting of technology is tied tightly to business aims (http://www.gcn.com/print/23_33/27896-1.html).

For example, Michel (2004) says that for government agencies (equally applies to other businesses) today, technology evaluation isn't the ...

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