As it pertains to technology, IT spans a wide variety of areas that include but are not limited to things such as Processes, Computer Software, Computer Hardware, Programming Languages, and Data Constructs. In short, anything that renders Data, Information or perceived Knowledge, in any visual format whatsoever, via any multimedia distribution mechanism, is considered to be a part of the domain space known as Information Technology (IT).
As it pertains to organizations within enterprises, IT represents an operational group that helps solve such problems as those related to data, information and knowledge capture, persistence, processing, brokering, discovery and rendering. Such organizations can be as small as one or two people that can be shared between multiple small business and as large as multi-billion dollar structures that are common in all Fortune 500 enterprises.
Today, the term information has ballooned to encompass many aspects of computing and technology, and the term has become very recognizable. IT professionals perform a variety of functions (IT Disciplines/Competencies) that range from installing applications to designing complex computer networks and information databases. A few of the duties that IT professionals perform may include data management, networking, engineering computer hardware, database and software design, as well as management and administration of entire systems. Information technology is starting to spread farther than the conventional personal computer and network technology, and more into integrations of other technologies such as the use of cell phones, televisions, automobiles, and more, which is increasing the demand for such jobs.
In the recent past, ABET and the ACM have collaborated to form accreditation and curriculum standards[2] for degrees in Information Technology as a distinct field of study separate from both Computer Science and Information Systems. SIGITE[3] is the ACM working group for defining these standards. The Worldwide IT services revenue totaled $763 billion in 2009.[4]
It is important to consider the overall value chain in technology development projects as the challenge for the value creation is increasing with the growing competitiveness between organizations that has become evident. The concept of value creation through technology is heavily dependent upon the alignment of technology and business strategies. While the value creation for an organization is a network of relationships between internal and external environments, technology plays an important role in improving the overall value chain of an organization. However, this increase requires business and technology management to work as a creative, synergistic, and collaborative team instead of a purely mechanistic span of control. Technology can help an organization improve its competitive advantage within the industry in which it resides and generate superior performance at a greater value.
