Reliable Technology

For this week's blog I read an article in Accounting today, from September of this year, entitled "Reliable Technology- don't settle for less." This article discusses the importance of information technology within accounting firms. The author mentions how many firms know they need a strong infrastructure, but are not willing to put forth the capital investment to have it. In general, most firms will understand the need for a strong technological infrastructure, but they've underestimated the cost involved with achieving that and therefore don't have a system from which they can profit. The author goes on to list some aspects of a strong technological infrastructure, which include: a knowledgeable leader, a strategic plan, secure servers, reliable hardware, secure remote access, a quality training program, and more. The author goes on to argue that possessing these qualities in your infrastructure will ensure competitive advantages, as technology is what firms can use to advance themselves above and beyond competitors.

I agree with the author on this topic. With sufficient capital investment and knowledge base in an information technology system, a firm can benefit immensely. Technology is continuing to advance every day and firms need to realize this and take advantage in order to keep themselves competitive. There can also be financial benefits involved if a firm uses there infrastructure correctly.