Question

Increasingly, companies are under pressure from their shareholders to increase profits by reducing internal expenses and increasing sales. Many companies believe that globalization using information technology (IT) is a good approach to reducing expenses and increasing sales. What are some of the advantages of using IT to meet these goals, and what are some of the pitfalls? Increasingly, companies are under pressure from their shareholders to increase profits by reducing internal expenses and increasing sales. Many companies believe that globalization using information technology (IT) is a good approach to reducing expenses and increasing sales. What are some of the advantages of using IT to meet these goals, and what are some of the pitfalls?

The CSPM is the top security officer in an organization. The CSPM may be responsible for defining the security organization, setting it up, and operating it so that the business is both profitable and secure. Would you want this job? Why or why not?

Answer 1

Solution:

There is always pressure from shareholders to generate more profit for any company and if we talk about information technology (IT) yes, it plays crucial role in getting things organized and to make things simpler to run in order to cut the cost of inefficiencies which may be present in any company at any given point of time. As artificial intelligence getting improved day by day there are more chances of cost cutting through information technology (IT).

Below are some mentioned points regarding advantages of this:

• The cost cutting for running the company can be done.
• Things can run smoothly and in an organized manner.
• Automation of repetitive work will provide faster production of things.
• Analytics of the work which is being done and possibilities of it being improved.

Although there are some good points, but some pitfalls as well:

• The automation of the works will result in sacking some of the employees.
• The company will become too dependent on technology.
• There will be chances of a security breach and possible vulnerabilities.

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