CHALLENGES FACED BY BUSINESSES IN IT INVESTMENTS

CHALLENGES FACED BY BUSINESSES IN IT INVESTMENTS

Question 1.

Challenges faced by businesses in the application of the holistic framework for the business impact of their IT investments

1. Selecting the right technology as per the needs of the company

Investment in new technologies might seem like a challenging and frustrating mission. The many reports of unsuccessful initiatives, the proliferation of options, and the risk of selecting the wrong tools will lead any company to a reluctance to obtain new developments. Enterprises must make a move to stay competitive (Moreno, 2019). The good news is that you don’t have to make rash or new choices since there are essential things to consider once you make a decision.

2. Integration of applications

Developing software is also another obstacle frequently faced by companies. New technologies cannot fit well with older computers or outdated systems. Individual systems often prove to be a problem because they operate in practice and cannot be incorporated. As a consequence, organizational and employee productivity can have a significant effect, such as integration problems such as duplication of tasks and failure to locate and monitor data quickly. Assimilating software allows to equate results with many others and provides business administration processes (Hutzschenreuter, 2020). That is why it is essential to examine whether your existing systems can work for any modern technology you would like to incorporate. Mainly, your pricing system must work for your management system and the CRM database server, which will then function to your advertising tools, and so forth.

Ways in which integrations take place

1. The instinctive integrations are all built in the CRM software

They are also the simplest to have and could be switched on with a single click inside your CRM. It also helps you to work with standard business devices. Nevertheless, this application framework has drawbacks because they are only accessible for a limited number of local devices.

1. Autonomous organizations mostly develop the third-party integrations

The management framework is especially helpful when a small company team uses a variety of management tools. They can link a broad range of industry resources to your CRM and deliver a full range of possibilities. The application framework is a computer-to-software framework that helps systems to connect and interact on a broader scale. All web-based businesses use APIs that allow various methods of applications to reach your CRM.

Design CRM implementations also require technological skills, but when all your systems are linked, your company can function more effectively, and your workers can become more productive (Billington, 2020). You will encounter this with Commercial SYNC, which combines your CRM and ERP framework that streamlines data population growth and regular tasks by linking your ERP to hundreds of online applications, like CRM advertising structures (like Salesforce), email, social networks. You can be confident that your information is secured and moved quickly through one program to the next.

3. Securing the organization data

Computer hackers are now becoming increasingly advanced, and smaller businesses are now more focused than before, this implies that they are so much more at threat from such a breach of security than bigger ones. Assuming if your company data turns out to be false, a single breach might be enough to destroy people’s confidence in your product entirely; employee records, consumer payments, and business plans are sensitive ones that have to be kept out of the hands of citizens. To take these significant steps listed below, it is necessary to ensure that your organization does not become a priority.

References

Billington, C. (2020). Investments-achieving long-term value. Public Sector, 43(1), 25.

Hutzschenreuter, T., & Harhoff, P. L. (2020). National capital city location and subsidiary portfolio expansion: The negative effect of geographic distance to the capital city at inception on the speed of subsequent investments. Journal of International Business Studies, 1-26.

Moreno, V., da Silva, F. E. L. V., Ferreira, R., & Filardi, F. (2019). Complementarity as a Driver of Value in Business Intelligence and Analytics Adoption Processes. Revista Ibero-Americana de Estratégia, 18(1), 57.