And then, somewhere in the late 1990s, the rapid emergence of new technologies and online communications tools has struck many organizations that have been unprepared to respond to the challenges of booming innovations in technology-driven business practices and suddenly limited the role of once mighty corporations that have been blue chip companies for decades. Meanwhile, IT software consultants spot the chance to transform their industry into a market maker and proclaim the coming of a new era where innovations is the king, gradually reshaping the landscape of both software consulting services and expectations of customers who have used to invest in advice and analysis provided by software consultancies.
Turning back to that times, one would see multi-billion corporations shrink to the size of marginal market players while new players set foot in the global markets, assisted by IT software consulting firms that insisted on investment in technologies others laughed on at the time of their emergence. Collaborative business applications and online collaborative business practices are a good example how those organizations who followed the advice of their IT consultants gained marked competitive advantage over their counterparts within a few years. The success story of select cloud-based services is another sample for successful entrepreneurs who succeeded in riding a trend forecast by software consulting firms a decade ago.
The role of IT software consulting in those success stories is important for wise consultants focus on innovations apart from their activities in providing software auditing services and consultations regarding re-design of existing business applications of any kind. If we consider specialized media which cover technologies are a sort of software consultants then we'll discover a similar trend: those who invested early in online development of their business and took advantage of social networking tools, not really efficient at a certain stage, now enjoy a much steadier business development than rivals who had stuck to more traditional technologies until it was too late.
Why some IT consultants and their customers failed to realize the potential of new technologies like cloud computing, online collaboration, online data gathering and analysis, and mobile technologies is a mystery. Supposedly, those consultants have bet on other technologies that failed to produce viable outcome, such as early web portals that have been designed with yellow pages in mind rather than complex search functionality. Meanwhile, a good number of IT software consulting firms shifted not only to providing advice on innovative solutions but to a niche once occupied by financial institutions; namely, funding of technology startups that develop cutting edge technologies and spot market opportunities out of nothing.
IT software consulting is thus an important element of the global business framework, its role increasing with the entirely new way innovations are coming to life and implemented across all and every industry. Innovative software solutions are set to shape the way of living and conducting business for many generations to come, while the successful firms in the field of IT software consulting increasingly focus on innovations as instruments to boost efficiency and gain competitive advantage through early adoption of complex business software solutions.
Michael S. is working for a company that provides services in the field of IT software consulting to business customers all over the world. He graduated in business management and joined the growing community of IT consultants at the early stage of software consulting industry development. Since then he had provided consultancy services on projects ranging from adoption of bookkeeping software in small and medium enterprises to deployment of enterprise resource planning systems to implementation of complex business intelligence tools within a number of government agencies.
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