Effect of Technology Development on Management Consulting Profession Essay

Effect of Technology Development on Management Consulting Profession - Essay workoutIn addition, as expert innovations become available, possibilities increase and so does the cost but what technological advancements has precondition to vigilance analysts, that not only has helped them in boosting their managerial skills by analysing and proposing alternatives to improve an organisations structure but has in addition enabled management consultancy to acquire a division that would help reorganize the structure of the firm and eliminate technological complexities.Information engineering cannot by itself change the inherent inflexible nature of its tools but any craft particularly on the management side whether it be financial management, strategic management or consultant management by using the developing trend of information technology can change its stamp with respect to any organization infrastructure in such a way that they use these tools in two ways. First, by reengineer ing the way that existing tasks are carried out. Second, by creating new tasks and opening up consultancy opportunities that were not previously come-at-able. Changes in various management use of computer technology have enabled technological developments to be implemented in general. (Margetts, 1999, p. 17)If we consider the development of technology from management point of view, it is obvious that at once organisations of all kinds have taken on new functions and new techniques that would otherwise have not been likely without merging and cooperation of information technology. Information technology in private sector companies is now widely accepted as a crucial element in a companys blood line strategy and the reason is artless for the way technology has boosted the growth of consultant management, is incredible. It is now a truism that information technology has transcended its realised administrative support functions and has moved towards playing a more central role in business operations that has not only modified its organisational structure but has also taken part in increase the ratio of contended customers. (Margetts, 1999, p. 23)Let us take an example of Electronic Data Interchange (EDI) EDI has made it possible for two trading partners to exchange their information of trade or business transactions such as orders and invoices which otherwise would have taken umpteen lather and time. Today EDI has been widely accepted as an native business tool used to facilitate inter-organisational transactions and sometimes to enhance internal operations by integrating internal and external systems. (Chen, 1998, p. 68) It has potentially reduced the transaction costs by eliminating duplication of effort involved in re-keying documents generated by computer in the first place. In this aspect, the development in technology started in 1980s, which first brought a dramatic increase in the use of the Internet, a global research network, consisting of a loos e confederation of inter-connected networks providing services such as file transfer and electronic mail. afterward Internet the vast technological change was felt and realised by the then consultant management when the use of databases, online and offline processors for report writing and interactive communication was introduced.Prior to this, it was the consultancies who set the