Information Technology has become the backbone of human work ability and nourished in every single minute by great thinkers to procure valuable and efficient solutions for complex human task. All kinds of computer applications form the building cell of information technology. Technology has given a new life to the world and especially the contribution of computers. Surging growth has increased the complexity of work in this computerized era that has led to the need to develop and consistently upgrade dedicated computer software like project management software, for a number of related requirements. These include storage and protection of content, processing and transmitting of dedicated information and the secured retrieval of information, when and as required. IT promotes computing technology, covering everything from installing applications to developing databases. Information technology has rippled on in the form of a Communication Revolution. The creation of one interdependent system helps us to share information and end linguistic barriers across the continents.
"Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other" is beautifully said by eminent Bill Gates and it is true because IT benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Faster communication, electronic storage and the protection of records are advantages that IT can have on your enterprise. IT has assured technical support post-implementation, network and individual desktop management, dedicated business applications and strategic planning for enhanced profitability and effective project management. IT provides a number of low-cost business options to tap higher productivity with dedicated small business CRM and a special category for the larger operations. Regular upgrades have enabled many businessmen to increase productivity and identify a market niche that would never have been possible without the connectivity. With every subsequent increase in the ROI or Return on Investment, businesses are able to remain buoyant even amidst the economic recession.
It is easily visible that how advantages of correlation of information management and technology management has formed a vast sea of global success. Absence of one kind of management derails the other. Earlier it was needed to understand how technology could drive business success. But in today’s connected world, businesses across the globe in every sector depend on effectively managing their technology and information assets – and they need MBAs to do it. Information is a key asset of modern businesses, and information management is the art of being able to effectively define, store, manage, protect, share and distribute information for relevant stakeholders within a business. But more than that, the most important aspect of information management is being able to recognize the true value of information, and identify new ways to exploit that information to deliver new services and better value to customers.
In general, technology management focuses more on delivering technology to customers, rather than managing information used by the business. While every business needs effective information management, specializing in technology management is most relevant for companies in the engineering, science and technology fields where some form of technology is the product. Technology management may focus more on product development, project management, operations management and logistics.
One thing that is common to both areas is the need to have a good understanding of how technology works, as well as general management principles and an understanding of broader aspects of business operations. There is a strong demand for business leaders who understand the strategic value of information, technology and the IT systems that underpin them. Information technology has proven to be too slippery a slope for traditional business managers to navigate and manage successfully. Maintaining networks, systems, and infrastructures requires a strong technical background in addition to business knowledge.
Therefore because of the apparent boom in the field of Information Technology (IT), a new specialization has emerged, namely, Masters of Business Administration (MBA) in Information Technology (IT). The course has been initiated seeing the scenario that companies now use IT not only to automate their activities but to also stay ahead of their competitors. Information management MBA specializations are not designed only to target IT specialists, but rather for a broad audience which includes anyone looking towards management positions in companies using contemporary IT systems.
In general, MBA programs in this area will consist of some study in business and some study in IT. For those who completed their undergraduate studies in computer science or IT, the MBA offers a chance to add a more strategic level of thinking about information and technology and build those all-important connections between information management and business innovation. An MBA in Information Technology Management is designed to educate and develop managers who can effectively manage the planning, design, selection, implementation, use, and administration of emerging and converging information and communications technologies. The program curriculum provides students with the technical knowledge and management knowledge and skills. The students are made to go through the subjects like Computer Applications in Management, Database Management System, System Analysis and Design, Integrating E-systems & GIS, Securities and Control Information System, Networking & Network Security, Software Engineering, etc. With the detailed study of all these the students need to effectively integrate people, information and communication technologies, and business processes in support of organizational strategic goals. Information technology managers typically manage systems analysts, computer programmers, support specialists, and other computer-related workers. They strategize the installation and upgrading of hardware and software, programming and systems design, development of computer networks, and implementation of computer networks. Additionally, as the threats to computer networks grow, they often specialize in network security. These are the individuals who evaluate the computer and information needs of their organizations from an operational and strategic perspective and then plan and design the system for the long-term, including personnel and equipment needs.
Whether your background is in "real world" experience or you are already a mid-level IT professional, an MBA in IT will work towards increasing your value in the job market. IT management is a broad term which encompasses various aspects of technology related activities. A MBA-IT graduate can chart his career in any of the following fields within IT management:
- Business/IT alignment
- IT Governance
- IT Financial Management
- IT Service Management
- IT configuration management
You'll have the opportunity to learn new essential skills and develop a deeper level of knowledge about IT and management. A number of IT companies are seeking employees who have experience in more than one area. In particular, professionals with skills in programming/application development and with business expertise are highly sought after by IT firms. Some companies are also searching for people with experience in the technological support/help desk area. Many firms are beefing up their cyber security measures and are searching for employees with experience in this area. Masters of Business Administration (MBA) in information technology can have the potential to help upgrade your job and possibly lead to an income at the information technology management salary level. The information technology management salary, for those in supervisory positions, can often be higher than those in mid-level positions. In combination with the right experience, a graduate degree can help contribute towards career advancement. IT specialists can even find themselves in the chief information officer position, with an even higher accompanying paycheck. Many MBAs with an information technology specialization are considering a much different career path — working for the government. The federal government is the single largest employer in the United States, not including the state or local government. Salaries for information systems managers are competitive; in fact among the best across industries which is not surprising, given that this field brings together two sought-after skill sets. Depending on the size of the organization that you work for, CIOs and CTOs typically earn quite impressive salaries to the tune of Rs 2-4 lakhs per month. IT manager would earn anything between Rs 30,000 to Rs 70,000 per month.
If you are fascinated by both business and technology, IT MBA could be just the ticket for you. Enhance your expertise. If you have a lust for IT then accelerates your career aggrandizement by going for MBA in Information Technology.