Abstract :
Technology innovations have shaped the IT Industry since its inception. Adoption of a particular innovation is often a key survival factor: "fast followers" learn from others, monetize an innovation, and almost always make abnormal profits. Thus, the important question for IT professionals is, "How can I evaluate an emerging trend for its investment worthiness?" To answer this question, the author describes a diffusion of IT innovations framework that can evaluate emerging trends in the IT space. He also analyzed some current trends using this framework and suggests strategies for investing in them.
Keywords :
information technology; innovation management; software architecture; strategic planning; IT industry; IT innovations; cloud computing; investment; service-oriented architecture; software as a service; technology innovations; Cloud computing; Computer industry; Computer networks; Costs; Decision making; Ecosystems; Investments; Pain; Service oriented architecture; Technological innovation; IT infrastructure; IT investment; SOA; SaaS; Strategic planning; cloud computing; diffusion of IT innovation framework; emerging trends; service oriented architecture; software as a service;
