Monday, February 09, 2009

McKinsey Global Survey Results: IT’s unmet potential - The McKinsey Quarterly - IT’s unmet potential - Business Technology - Organization

McKinsey Global Survey Results: IT’s unmet potential - The McKinsey Quarterly - IT’s unmet potential - Business Technology - Organization

In their recent Survey published on December 2008, McKinsey Quarterly
highlights an important conclusion: the growing risks respondents face from
information- and technology-based disruptions and the corresponding increase in
importance of information and technology capabilities for improving business
performance and outperforming competitors.

The conclusions of the survey point in the direction of one of those
strange areas that modern management is still in its infancy: the use of
technology as a competitive weapon. It is fascinating how frequently IT issues
are managed separate from the business strategy as if IT was only a function to
support the business. As this report finds out, one of the desired functions
that IT can play is the creation of new products and services that leverage new
technological capabilities. The obstacle for doing so frequently lies in the
managers who show an old aversion to understanding technology and wht it can do
to the business.

One interesting initiative to try and bridge these two worlds is the Singularity University
For those familiar with Ray Kurzweil and his books The Age of Spiritual Machines and The Singularity is near, this is an attempt to " assemble, educate and inspire a cadre of leaders who strive to understand and facilitate the development of exponentially advancing technologies and apply, focus and guide these tools to address humanity’s grand challenges". With backing from Google and NASA and a well known group of faculty it is well positioned to take the lead in educating leaders (business, governement and others) in the possibilities of applying technologies to solve the most challenging problems of today. Good luck in the effort!

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