Wednesday, April 8, 2015

Technology Management-The Need of the Hour

Technology Management...



In current highly competitive scenario, efficiently managing technology to provide  add on value to any organization is a challenge, but the competitive environment of business schools to distinguish and reinvent themselves adds to the complexity of obtaining the highest return from technology innovations at the lowest cost.

What is technology management? 

In today’s corporate environment, it is essential that leaders and managers understand the term “technology management” and how it applies to the success and sustainability of the company.  As amazing as it may be, many people (even small business owners) have no idea what technology management is; this article will help clear up what seems a confusing concept for many.

There are many strategies used today in the business world that play a part in the total success of the company. 

Planning, organizing, implementing, monitoring, evaluating, staffing –

These are all strategies that are necessary to take any organization to its full potential and maintain that level of success. 

Technology management is much the same; the difference is that the word “technology” stumps many.  Think about all of the things that make life easier today; cell phones, computers, software – these are examples of the technological advances that have contributed to making modern life easier and more convenient.  Hence, the term “technology management” simply means the management of technology!

Throughout every level or division of the company, technology management is essential; this includes communications, marketing, product development, and efficiency in reporting.  Today, technology management is one component of the business environment that allows companies to remain competitive in any market, even those with fierce competitors.

Those who work in the technology management field are often responsible for determining whether a certain technology is valuable or will be an asset to the performance and success of the company.  Additionally, technology management is often defined as those individuals or team members who work to make all things technical (computers, software programs, etc.) easily usable to the people who use these devices or programs.


To achieve success in technology management, quality training is a necessity. Professionals in this field draw on many different subjects of knowledge, and these are skills best developed in an accredited Post graduate diploma program. An excellent technology management program also provides students with an opportunity to fuse academics with technical and hands-on training.
A potential student should carefully consider the depth of his technology management and computer interests. While working in technology management is fast-paced and exciting, students should engage in a degree program with a clear notion of what the work entails. Technology management professionals must be committed to continually familiarizing themselves with the latest technology. They must also develop the ability to explain new advancements to other business professionals in layman's terms.
Taking this into consideration, successful students in technology management programs are inspired by the challenge of developing and implementing new technologies, effectively communicating, and participating in constant training and courses to update technical skills beforehand which industry requires.
Also, earning a PGDM  in technology management involves intense and thorough study of advanced computer science, information systems, business, business law, engineering technology, and business ethics with emphasis on application software which we use for  each Job Role.
Potential technology management students should find these subjects interesting and thrive in related high school courses. Proper preparation for earning a technology management includes their four years of Engineering or Graduation which has Mathematics, Statistics, Computers, Electronics and basic managerial fundamentals.
Job opportunities for obtaining a management position with good technical skills are tremendously enhanced with advanced education and training.

Professionals who can combine thorough technical knowledge with business and communications skills will be in the best position to obtain managerial roles.

Even entrepreneurs require all the skills which we are discussing here to start up their own companies and need to flourish

At ISTTM,we provide comprehensive training on all the software applications we use across all domains of Management.