ITM 707 Lecture Notes - Lecture 1: Smarter Planet, Cash Flow, Ge Aviation

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 707
• Professor: Nuru Huda

Document Summary

The advancement of technology has changed the way company run their business. Ibm has taken the lead in the iot (internet of things) software technology when they launched its. Smarter planet initiative as early is back in 2008 by collecting data from connected devices and delivering better services to customers. As a result, ge needs to implement their own software services to stay competitive. Second, if they should licence the offerings as a separate product. Lastly, the third option is to incorporate the initiative and invest into software that enables outcomes-based service offerings with ge customers and their data. However, the more data the company collects also means the fears of data breached by unauthorized users. In the world of today, even the biggest company fall victim to hackers which can cost them millions of dollars in one attack. Therefore, the security of the data centres can pose a challenge for whichever option ge decides to implement.