Managerial Applications of Technology (Emerging IT Trends) 1 Assignment

Managerial Applications of Technology (Emerging IT Trends) 1 - Assignment Example This reduces an organization’s operation cost. In business, it is clear that when it comes to technology the entities that adopt a technology first are always the highest beneficiaries of the technology. This is because by the time the other organizations start adapting the new technology they would have already integrated the new technology into their system. By integrating a technology first a business organization, a business organization will be able to gain a competitive advantage over their competitors. It is therefore advisable for a business organization to adopt new technologies as early as possible (Alam, 2014). However, this should come after serious considerations and research on whether the technology in question will be of any benefit to the business organization. The risk involved in early adaptation is that it is always a big gamble with no assurance of the effectiveness of the technology. The other consideration regarding emerging trends in information technology is that a business organization might decide to prototype a technology before actually adopting it. This will enable them to know if the technology will actually be viable for the organization (Brunetti, 2014). However, the negative thing about prototyping is that it can sometimes be