When a generation of young talented people acquire the business,the growth of information technology is uncurbed.According to the International Foundation for Information Technology or also known as IF4IT, the term Information Technology is defined as the skill being used for analyzing, understanding, developing, planning, creating, testing, allocating, supporting and operating computer hardware, software and other computer-related structures existing for the resolution of statistics, data and knowledge processing.
The field of Information Technology is about making a difference. It is about innovating and using it to your own advantage. It is about discovering something new and including it to your stored knowledge.
We are discussing some of the latest booming technologies in Information Technology.
Over the past year, Artificial Intelligence (AI) and Machine Learning (ML) have been the headliners among emerging technologies. They have been discussed at all levels across industries, and you can hardly find a business or an industry that would not benefit from implementing ML algorithms and AI-based tools. Still, not every company was ready to shift their practices from traditional ways of working to intelligent machines.In the coming years, AI and ML will be expanding their presence in various sectors. Since numerous organizations are already planning for their development strategy to take into account artificial intelligence, we are going to see new use cases, for example:
- In the food industry, algorithms will predict when certain commodities will run out of stock and will organize timely delivery. This will support a balance between supply and demand, reducing costs.
- In manufacturing and engineering, ML will monitor the state of spare parts and predict when they need repair or maintenance
- AI assistants will penetrate homes, offices and other areas. They will be integrated into transportation systems, healthcare, finance and education.
Machine learning is an application of
2. BIG DATA
Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It is what organizations do with the data that matters. Big data can be analyzed for insights that lead to better decisions and strategic business moves.The importance of big data doesn’t revolve around how much data you have, but what you do with it. You can take data from any source and analyze it to find answers that enable 1) cost reductions, 2) time reductions, 3) new product development and optimized offerings, and 4) smart decision making. When you combine big data with high-powered analytics, you can accomplish business-related tasks such as:
- Determining root causes of failures, issues
anddefects in near-real time.
- Generating coupons at the point of sale based on the customer’s buying habits.
- Recalculating entire risk portfolios in minutes.
- Detecting fraudulent
behaviourbefore it affects your organization.
3. BUISNESS INTELLIGENCE
BI(Business Intelligence) is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions
The Cloud Challenge:
- Increase business values by reducing IT operations costs
- Planning a specific approach and road-map for transforming cloud ensuring maximum business value
- Technical barrier identification and visualization required for creating a cloud solution
- Low budgets and unstable market are demanding quick execution of projects through innovative and planned processes
- Skilled resources having previous exposure to implement cloud solutions efficiently
Key Cloud Characteristics are:
- On-demand self-service
- Ubiquitous network access
- Location independent resource pooling
- Rapid elasticity
- Pay per use
5. CONTENT MANAGEMENT SYSTEM
A content management system (CMS) is an application that is used to manage web content, allowing multiple contributors to create, edit and publish. Content in a CMS is typically stored in a database and displayed in a presentation layer based on a set of templates.
The following are the basic features of a CMS:
- Content creation (allows users to easily create and format content)
- Content storage (stores content in one place, in a consistent fashion)
- Workflow management (assigns privileges and responsibilities based on roles such as authors, editors and admins)
- Publishing (organizes and pushes content live)
Benefits of a Content Management System
One major advantage of a CMS is its collaborative nature. Multiple users can log on and contribute, schedule or edit content to be published. Because the interface is usually browser-based, a CMS can be accessed from anywhere by any number of users.
The second major advantage of a CMS is that it allows non-technical people who don’t know programming languages to easily create and manage their own web content. The WYSIWYG editors of a typical content management platform allows users to enter text and upload images without needing to know any HTML or CSS.
When a company uses a CMS to publish its pages, it reduces its reliance on front-end engineers to make changes to the website, making it quicker and easier to publish new content.
While there are hundreds of CMS platforms, some of the more popular ones are listed below:
- Word press