IBM: Modernize your business or risk being Uber-ized - 0 views
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Panayiotis Floros on 27 Oct 15IBM made a very wise comment regarding businesses in the age of technology, and how things are changing radically for all businesses, and in the long term, for all consumers as well. The IT system and issue at stake here is the future of businesses who choose to not adapt to new technologies, and transform their businesses in the world of technology in our day. Specifically, the article refers to "digital transformation," but does not touch upon an important topic we have discussed in ITGS, being the ethical implications involved in making such a transition. Beginning from the positive aspects of such a transformation, and specifically in the long term, these include: - more buyers - no data loss - better data management/analysis - improved business models through online systems - better quality marketing -- more effective So, in terms of these factors, one could say that such a "digital transformation" would definitely be worth the effort in the long term. However, ethical implications must also be considered, which include potential spreading of data to the wrong people, "filtering" the minds of consumers through online marketing, but also violating the consumer's privacy by noting down what they purchase each time and exchange a list of the consumer's interests to other businesses. In conclusion, we can see that such a digital transformation in terms of technology in relation to businesses can be both good and bad; this entirely depends on the effort that is put in the creation of this system, how well the system is maintained, and to what extent the system is targeted for attacking.