Technology is changing
continuously due to globalization that not only changes the lifestyle of people
but also changes the business pattern. In this regard, the introduction of new
innovations, strategies, and technologies that are more efficient and effective
in terms of performance and productivity of a firm. However, change in
technology is a continuous phenomenon in which different software, strategies,
and innovations are applied within the firm. Information technology is also
changing as adopting an effective decision-making process that is beneficial
for the development and growth of a firm (Gürdür & Didem, 2016).
However, the use of a decision-making
process tool in a firm because managers easily identify, monitor and access the
activities of all staff. So that all activities which may cause harm can be
controlled by tracking due to tools used in the decision-making process. Different
types of tools are used in the decision-making process that connected all the
departmental activities to ensure that all performance of employees properly
completed. Decision-making tools like the dashboard, the balanced scorecard is
used in an information technology system of a firm to enhance the productivity
of the firm respectively.
In this report, other
tools also discussed which are used in the decision-making processes such as
SWOT analysis and Broadcom. The role of managers is important in a firm as
monitor all the activities of staff, requirements of changes also identified
and adopted a proactive approach to avoid any kind of loss. SWOT analysis is
applied to analyze the strength, weaknesses, opportunities, and threats. By
adopting this tool in the decision-making process, the managers are able to
identify the strength and focus to maintain the strength of the firm, analyzing
weaknesses that reduce the efficiency of a firm and then considered this
weakness to convert them into strength. In this regard, the weakness also
turned into opportunities. Therefore, the managers of firms also consider
threats before taking any kind of decision. Moreover, it is an efficient tool
that covers all the aspects of a firm before the decision-making process (Mourtzis
& Fotia, 2018).
Another tool which is
effective in the decision-making process and also improves the security of data
of a firm. Broadcom is a small chip used in computers and monitors the
unethical activities of employees as stealing confidential information. Because
it is important for the manager of a firm to secure all confidential
information. It is also known as cybersecurity that protect the information and
data of a firm which is important. The use of Broadcom detects about the
stealing of information, a document which employee wants to leak out. Moreover,
it also detects the deleted documents or folder which is evidence against the
employee. It is an important tool in the decision-making process as analyzing
the unethical issues and keep monitoring the action of employees which lead
towards the better performance of a firm (Rosemann & Brocke., 2015).
References of Information Technology Development Trends
Gürdür & Didem, 2016. Making
interoperability visible: Data visualization of cyber-physical systems
development tool chains. Journal of Industrial Information Integration, pp.
26-34.
Mourtzis,
D. A.-M. P. & Fotia, S., 2018. Development of a Key Performance Indicator
Assessment Methodology and Software Tool for Product-Service System
Evaluation and Decision-Making Support.". Journal of Computing and
Information Science in Engineering.
Rosemann,
M. & Brocke., J. v., 2015. The six core elements of business process
management." Handbook on business process management. s.l.:Springer.