In today’s world, leadership in the digital world is the basic pre-requisite of business in almost every industry. A company’s ability to rise to the top of an industry depends on its ability to stay on the cutting edge of technology. Rather than blending in with their peers, the most innovative and successful companies are transforming their respective industries. This is the playing field on which executives must contend.
The current situation begs the question of whether a Master of Business Administration degree is still valuable. Is this time-honored symbol of business acumen still relevant in a world that has changed so dramatically in recent years?
Any presumption that MBAs aren’t as important as they once were is accompanied by another, similar assumption: that degree programs aren’t changing. Maryville University’s Online MBA program demonstrates that this isn’t the case by not only incorporating new industry thought into all of its classes, but also by providing a concentrate focused on instilling modern IT thinking.
Three principles highlighted in the backbone classes of the Maryville MBA with a concentration in IT, as well as insights into how these forces are influencing the industry, are listed below. Even in an age where outsiders and upstart businesses are lauded, it is obvious that pursuing an advanced degree will provide relevant insight and perspective.
Project analysis in an agile manner
The rise of agile design and analysis methodologies is one of the most telling examples of how IT has progressed in recent years – and taken business with it. This software development approach has become a benchmark for all types of project management. Its prominence demonstrates how far businesses have progressed from their conventional methods, as well as how strategies have evolved to suit the available IT capital.
The key difference in how IT projects were managed in the past, namely by waterfall methods, is highlighted by TechTarget’s breakdown of agile’s position in the industry. Waterfall development involved developing a new solution, passing it off for testing, and then passing it off again to put it into production. It’s a sensible way of working, but it’s out of line with companies that want to iterate quickly, bring goods into use quickly, and eliminate cycles where products are exchanged back and forth regularly.
Agile strategies’ tenets of less isolation, increased collaboration, and increased coordination exemplifies the effect innovative, fast-moving innovations are having on IT and business in general. As new IT-based projects advance, corporate and technical staff are now contributing their ideas. Given that software is often the solution for both customer-facing and organizational improvement programs, it’s easy to see the value of an agile mindset.
The analysis is required for the agile design to work. According to Agile Modeling, assessing company needs and possible roadblocks has become a continuous process. Rather than devoting time to analyzing challenges and solutions, every project stakeholder is considering where progress is headed and how to ensure that any work done there is meaningful and solution-focused.
Principles of Database Management
Moving rapidly has become the standard in today’s tech ecosystem, giving new meaning to age-old IT concepts. This implies that database management has not only remained important but has also evolved significantly. The sheer number of new practices in place today can surprise people who learned the art of database management years ago. As data has increased in importance and value as a business commodity, so has its utility and value. Companies are now handling this data using more modern methods to remain ahead of the curve in a rapidly evolving market.
The cloud is taking hold, and database management practices are changing as a result. Database Journal recently published an article outlining the obstacles and opportunities that modern administrators face while evaluating cloud services or fully adopting database-as-a-service models. If they choose the former, they will be offloading computing from their in-house servers, saving money upfront. The latter approach is more severe, delegating several simple database-building tasks to contractors. This approach has its own set of problems and benefits.
Analytics and big data
What good is data if it isn’t put to good use? One of the most important uses of the massive, modern databases at organizations’ disposal is as fuel for the quick and efficient new wave of business intelligence and analytics solutions that have been ramping up in recent years. Today’s IT leaders should be familiar with data analysis, regardless of their industry, since virtually any organization can save and use unstructured data collected during increasingly digital leader transactions.
It’s no surprise that big data analytics is included in ZDNet’s list of techs to watch alongside blockchain. According to the source, both software developers and CIOs are keeping an eye on big data. The significance is obvious: as businesses implement successful analytics, the importance of their data shifts from hypothetical to very realistic. They can bring their knowledge to good use in almost every department to solve problems. Decision-making assistance will reach real-time if the solutions are advanced enough.
Also Read: Scope of MBA in Data Analytics
Though big data’s potential is commonly regarded as a present-day rather than a future-day commodity, having a value from the programs isn’t automatic, and leaders both within and outside of IT must be prepared to deal with the technology. Shelly Blake-Plock, a Forbes Tech Council contributor, discussed the current state of big data: Depending on the organization in question, parsing huge mounds of data can be a little different.
Employees that work with data come in a variety of shapes and sizes. There are warehouses full of raw data that are only accessible to analysts, but there are also user-friendly dashboards that provide data insights to the general public. These various approaches to data usage are intended to improve decision-making processes across organizations.
IT and company are inextricably linked
The relentless advancement in information technology, which is affecting industries all over the world, has created a new generation of activities for future leaders to learn. When technical advancements are factored into an MBA curriculum, it reflects a convergence between a conventional academic direction and today’s market realities: Technology is partially to blame for the fact that assuming an executive position today is not the same as it was even a decade ago.