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Created by : Mahalakshmi Subramanium, QA/QC Manager, Genpact  | 12 29 2009 13:46:37 +0000
Industry : Technology ConsultingFunctional Area : India(Markets)
Activity:  295 views;  last activity : 07 06 2010 20:18:09 +0000

These days, everybody is asking this question whether IT will be known as a very good option for investment or will incurr a lot of cost in 2010?

As we all know, in IT, we don't make any difference in how we treat investment and cost. But it is also true that in every business there is always some cost that cannot be allocated directly to results but still everyone agrees they are needed.

According to you, will IT in 2010 be seen as Cost or Investment?

 
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Normally, it can be seen that IT can help to optimize processes and therefore to reduce cost. So, investing in it can help in reducing the cost in any function, IT is not different to Finance, HR, Sales, etc.


By Leena Pawar, Tech Architect, IT Infotech  12 29 2009 13:48:27 +0000
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Normally, it can be seen that IT can help to optimize processes and therefore to reduce cost. So, investing in it can help in reducing the cost in any function, IT is not different to Finance, HR, Sales,  etc.


By gopal gyawali, 562f, daidochi  | 12 30 2009 11:37:02 +0000
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In almost half of 2009, companies were facing economic downturn of which it has not yet completely come out. In the beginning of 2010, it will be the same or in developing stage only. Corporate will consider IT as cost.....what do you say?


By Mahalakshmi Subramanium, QA/QC Manager, Genpact  | 12 29 2009 13:59:52 +0000
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Abhishek I agree with you. IT sector is one of the major revenue generating sector of India. So it is good to invest in IT.

Thanks.... 


By Leena Pawar, Tech Architect, IT Infotech  | 02 26 2010 13:05:38 +0000
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This is really a very good question. Lets add another dimension to this conventional or contemprory business process. here you can find the answer. Well after Tsunami in global market every organization is tryin to prepare themselves to tackle any such situation in future. They are now talking about optimization of the business process, new ways to run business beyond boundries and cost effective. No prize for guessing that IT can make that possible. Today's Cost of IT becomes Investment and will give you return in terms of reduce your process time, Increased efficincy and quality, better ROI, and most important thing it will work as a bridge between the supplier and the end customer. what else a business needs to become market leader.


By Abhishek Sinha, Business solution sales specialist, Bertelsmann Marketing Services India  | 02 25 2010 07:30:29 +0000
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i think in future it market are growing we need more technology for our general purpose. so new technology are invented and so we investment in it field is not harmfull.in 2010 there are lots of technology are comming soon if we need a more technological life so it industry help very much
By prashantverma , B.Tech/B.E. student, uiet csjm university kanpur  | 01 16 2010 06:45:46 +0000
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Businesses will favour IT as an investment, than cost. Who needs cost that does not render value at all ? Global concerns such as climate change and its associated cost to IT is however, unavoidable. So budgets could be set-up with optimism, but some diligent reserves.
By Jeen Ronald, VP - Service Delivery  | 01 04 2010 09:25:40 +0000
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IT Can never be seen as anything else other than Investment. The out come of any thing that is considered as cost lasts only for one cycle. Expense is another term we use it inetrchangeably with cost or investment. But expense is something that we do on which there is no return it is expensed and nothing can be recovered from that. Where as on a cost, some of it or all of it or may be some profit can be made out of the product or service that resulted due to cost.

Investment is the one which is supposed to yield returns on it or aid the process that results in returns repeatedly until the life of the result

Now IT is an enabler to not only produce, but also run the process of procuring, producing and selling in short running a business. In my opinion IT is one of the very critical investments in a business.


By Raghu Kastury, Principal Consultant & Head of Strategic Business Unit - Retail & Distribution, Sundaram Infotech Solutions Limited  | 01 01 2010 09:18:41 +0000
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Companies look at it as investment as it saves time,less repetition of work, performance boosters to all departments in the company. Further it reduces time loss leading to quicker transactions helping in getting higher output.

Companies started thinking it as a necessity.

If companies don't think it as a investment and delay in investgment  it will effect their bussiness in the competitive world.


By malladi madhukumar, AGM -MKTG, Andhra Cements Ltd  | 12 29 2009 14:46:21 +0000
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