3. Megatrends: Agricultural - Industrial Revolution William Bernstein (2004) The Birth of Plenty. McGraw Hillhttp://www.youtube.com/watch?v=fTUZXwQwUJM
5. IT Megatrends Moore’s Law 1965 (Intel) processor chip density would double every 18 months By 2012 computers size of a brain to be created and cost $1k Advances in data storage Networking Ubiquity of the Internet and Web World communication network would be wireless and at worst require a strand of hire like connection! Emergence of broadband communication - Wireless Services ‘anywhere, anytime and on any device’ ICT has become central to and pervades our work and in our life becoming people centric
6. New Knowledge Society ICT continues to transform the way we live and work Effective use of ICT is fundamental to economic growth adoption of ICT contributed about one-third of Australia's productivity surge, contributes to 5% of GDP Increasing societal complexity is resulting from the adoption of new information technologies Need a population that is savvy and critical to select the technologies that enhance their lives and use them well rather than to simply reject or blindly accept them Past – knowledge used to create technology/mechanisation etc Now: 80% of the needs in ICT are for knowledge professionals – use of technology, business processes, people and their alignment to meet business goals
7. The benefits of IT are not automatic! “The failed promises of the Information Age add up to the longest-running disappointment in business history. On the other hand, information technology has produced an enormous transition, something that companies should be grappling with and studying every day.” Jack Welch World Economic Forum, Davos, 1997
8. Evolution of Use of IT IT Automation of Work Business IT Management of Information Business IT Business Transformation of Business Investments are increasing and... ... complexity is increasing!
19. Major Assignment Implementation of an IT Capital Planning and investment management process Best strategy to infuse technologies into organisations Stakeholder analysis Collaboration / influence strategy Change leadership Governance Metrics – to measure usefulness of technologies Strategy to balance portfolio of projects Governance structures
20. Major Assignment Implementation of an IT Capital Planning and investment management process Best strategy to infuse technologies into organisations Stakeholder analysis Collaboration / influence strategy Change leadership Governance Metrics – to measure usefulness of technologies Strategy to balance portfolio of projects Governance structures
