Being an early adopter for new technology is not for the faint of hearts. True. But often decision makers are subjected to fear mongering tactics that make it seems far riskier than it needs to be. Despite the best intention to measure return on investment, technology investment is wrought with political manoeuvres and myths, especially when the new technology is placed face-to-face against established technology. At the same time, it is unwise to dismiss the opportunities that can be made possible by new technology.Read the article here
The internet has changed businesses in ways that have never been possible before. Competitive advantage that comes from inefficiencies in information distribution cannot be held for long, if at all, because competitors have almost equal access to the same information on the internet. Gone are the days that require businesses to locate specific activities only at certain locations due to the availability of information sources (e.g. near the capitals, universities, etc). The internet makes the information available ubiquitously as if it comes from around the corner. At the same time, this has yet to revolutionise the redistribution of opportunities where internet has treaded path.
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Renewable energy is not just a fashionable catch-phrase based on moral or environmental grounds. Renewable energy makes good long term business sense regardless of oil price fluctuations. The key is to plan strategically and holistically.
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"War" on illegal drugs has been going on for decades. And yet the illegal drugs continue to flood the market and they are getting cheaper and more accessible to victims. One of the approaches to combat this is by disrupting the supply of raw material at the source. There are many success stories, but, overall, the progress has been less than stellar. Maybe it is time to employ a new technology: nanogenomic-robot.
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The world wide web as we know it has been around for some decades now and a progression of themes evolved over the years. Trends that takes shape among internet start up companies can give a clue to what may become the next internet wave. Conversely, strategic direction and funding availability for specific areas can encourage entrepreneurs to start companies in the said areas.
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Western developed countries spend millions and millions of dollar / euro / poundsterling in their effort to prevent terrorism in their homeland. Abroad, they rely on their intelligence agencies and cooperations from foreign sovereignties in identifying potential threats and preventing them from reaching their homeland. In many cases, the security cooperations can be greatly improved with information technology (IT) investment in targeted countries which will potentially benefit other areas.
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It may be interesting to survey CEOs and CFOs on how much they truly understand IT analysts' influence on their IT spending. IT analysts are often CIOs best friends (figuratively speaking). When asked by the CEO / CFO, "why implement such and such information technology that costs so much money?" The CIOs can usually point to their teams' analysis that is backed by some industry report from some IT analyst to justify the reason.
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