Features of Emerging Technologies in Business

Question:

Discuss about the Characteristics and Effects of Emerging Technologies.

Now a day the basic difficulty lies in managing the big data. It is available due to the increment in number of users and also the abrupt demands of an individual. The business associates also face similar problem to manage the big data due to which they have to develop a perfect tool to make their work easy and more responsive. Due to their inefficiency in operating advance technology, they feel it very difficult to manage the big data resources and their categorisation for the same. These all difficulties fail to maintain relations between customers and product supply. Although these technologies that are developed are new but they are based on the old conventions and methods and thus they are easy to learn and apply with minimum hard-work for understanding them [1].

The features of these technologies are:

• Relatively fast growth
• Coherence
• Prominent impact
• Progressive development with the field for competitive environment.

Innovation, Internationalization and entrepreneurship: A business model to achieve beneficial growth by new technology-based firms

The most obvious form of entrepreneurship is by sharing and starting new mode of businesses. According to the trending technology more and more entrepreneurs have intended to increases the product value by explore and exploit valuable and global opportunities [2]. Therefore, the process of innovation for entrepreneurs is the key factor for performance functionality.  Internationalisation increases the product value of any company and with this aspect the data that is shared between individuals is successfully regulated so that to achieve beneficial growth popularity internationally [3].

With the upgrading process and advancement of globalisation various number of business organisation begin to expand their wings and flourish themselves with these new technologies so that to stand in front of these emerging technologies and their successive growth. All the big emerging technologies are expanding so that the business authorities that are working over the old technologies have to make them updated and enhance them to stand up in the market [4]. They have to move forward from their localise market and their regional boundaries to gasp out the real development of technologies. Business innovation and technologies are dependable on each other and so they greatly affect each other. With development of technologies the client also demands that his work should be done according to the trending technology and thus business authorities should also have to implement them to provide the successful completion of demand that client made. As business also run according to the emerging technologies and thus it is needed to understand the growing demands and advancement in technology.

Impact of Emerging Technologies on Business Organizations

They are able to perform according to the customers’ demands and thus got in trouble of loosing their relations with them. On the other hand, the managers also fail to judge the functioning of employees because of inadequate data and resources and at this point the employee tend to show their extreme level of reluctance due to lack of employee efficiency and consistency, and thus it will be difficult for the manager to understand who is working according to the request made by the customers. Further, due to lack of inefficiency in technological development the deployment of data becomes the major factors to the client as well as internal employees do not get their effective services on behalf of the manager. As a result the complete system of managing data and resources gets affected. On the other hand employees fail to maintain organisational cultural, behaviour and discipline.

Social-media helps to promote the entire business process before it go beyond the regional market. The concept and domain of social media is very vast and thus it is quite helpful to promote the things very well, now these days, everyone have their accounts on various social networking sites and thus to produce our data and information over it make us helpful to get effective results [4]. The social media helps to integrate the same over the one form and the other. Similarly, business authorities in order to introduce their products in global markets they first put their products over the social media also they prepare various web pages and attractive dialogues and news headline to launch their product over the social media pages [5]. Customers from different boundaries get aware about the particular products with the help of social networking that make business associates helpful to get views regarding their products from the customers. The people belonging to vivid dynasties click on the product ir brand and get to know about the details whether that products is beneficial for their use or not and thus, it is undesirable that they will not enhance the quality of product and further things associated with the same. These services are provided basically to gather the customer feedbacks to gather the details regarding the product and thus they can communicate with the target group directly for further any changes in the product or its enhancement. Thus, social media pages are very effective platform to gather information about the specific product directly. Social media pages provide peoples from different geographical backgrounds and thus help to expand the business in a great way. Various people look to different products and thus render or avail them as they wanted and this make business organisation to expand in a fruitful way. Thus, they can expand their business more efficiently and effectively [6].

Using Information Technology to Bridge the Gap Between Service Providers and Users

In this aspect the manager is perfectly concerned with setting up a business module that helps to develop a useful mode of increasing the market value of specified product. With the feedback received from various customers with the help of social media, all the positive points are gathered and thus implemented to make the things done perfectly. There are various techniques to implement the resources but the implementation that is more effective, unique and innovative enhance the entire performance level of an organisation [5]. The business model that is more innovative will win the race of being effective and eye catching to all the other and thus in the market full of competition and to stand unique among all one must come out to be innovative. The business models is always prepared by considering the customer needs, targeted customers, demand of various products in the market place, delivering customers with the complete satisfaction regarding the product they demanded and various other points that are to be considered while proposing any business model to its optimum level. If the particular model cannot satisfy the needs of a customer then there is no use make that particular model. After completely evaluating the business model by keeping all aspects in mind, the employee must have to work according to the specified technology to create an effective and customer needs oriented database by focusing on all the technological resources and data gathered while collecting feedback. The database must be organised and should deliver the correct information to the customer [6]. All the services of arranging and acquiring data units and providing successful implementation should be completed in stipulated time by the business employee, so that customer can check and provide the necessary feedback. Thus, it is clear that without implementing the advanced and emerging trends of technologies, customer’s satisfaction cannot be achieved and further employees cannot be able to implement the resources according to the customer needs. Thus, a business organisation cannot propagate over the technological the development and thus there is greater need of availing the demands and functioning of specified resources to analyse and effectively utilise the power of emerging trends of technologies. The technologies not only emphasised on being effective but they also retain useful measures of the entire process of business modules [7].

The increase in advancement of emerging technologies greatly affects the overall development of business organisations, their effective business strategies and policies. Basically, an information technology helps to minimize the gap between emerging trends of service providers and service users. Service providers provide specific user oriented services and thus make themselves updated to all the trending as well as emerging technologies. Service users make use of the resources provided by the service providers and thus are sure that they will get the services as they demand for. The basic policy behind using information technology with the business process is to maintain the entire database communicate effectively and accurately with the resources symmetrically i.e. as the data is entered it should get updated to tge database. People must have to deal with the customer requirements and resources in such a manner that they should not feel difficult to handle any given service provider. The data and the resources must be available to the customers 24*7, so that they can make use of them whenever they want. While sitting at our workplace, information and communication technology is very effective way to interact with the customers, their needs and demands. The users from various geographical locations feel easy to communicate over the same platform and thus can share their demands as they want. All the users are flexible enough to operate over the same [1]. The service providers must be effective enough in collecting all the useful details and feedbacks when multiple users from various states, countries, languages are communicating over the same platform. The employee must also have adequate skills to deal with the effective development trends in technologies and he should have proper skills for the same. Due to lack of knowledge, the process of entire business administration has to face innumerable barriers in accessing human success [2]. Thus, providing an effective training to an employee is beneficial for the success and development of business organisation.

Developing Business Strategies with Big Data and Emerging Technologies

With the help of business processes various trends can be developed in the field of business concepts and strategies. Big data is implemented with the emerging trends to technologies in order to implement the business processes with the emerging trends of technologies. The chronicle data records are maintained with the help of implementing business concepts with big data technologies [6]. The current needs and demands are considered before implementing the trends of business models to make things as the customers want. The constant control over the entire business process can be set up by keeping chronicles of specific data records that is the basic work of an entrepreneur to be done. Various people from different locations are not aware with various tax regulation details that make them difficult to record entire data of overall business processes.

Business intelligence is one of the major requirements for running the entire business globally. The business models defines technical and procedural infrastructure that aims to collect, gather and maintain the complete database resources by using advance technologies. Due to the change in business processes, people are very much interested to advancement in emerging technologies that enhance the utility of resources to an individual. With the help of developed business details, people now are able to calculate the entire data both internally and externally. Internal data records are helpful in organising the resources and give overall view of data resources and also indicate the performance level of an employee [5]. External data resources deal in constant control over the data for entire profitable resources. Business intelligence helps to develop the data resources in a systematic manner. The Emerging Concept of innovation of technology: Three Reasons in the Radical Transformation for Concept of Innovation [7].

It deals with responsible innovation n technology and resources. Various difficulties are faced while dealing with the concept of innovation and responsibilities of radical transformation in technology. The various aspects that is considered are: technological innovations, economic perspectives, inherent justifications and symmetry between the moral addresses and moral agents. To prove effectiveness in the emerging technologies, the applications must be innovative and effective,

An innovation leads to the growing trends and development in emerging technologies [4]. Basic business models now deal with enhanced performance of models and thus effective to be executed. Sustainable development is needed for the trend in emerging technologies and to maintain the same data units.

It is used to perform operations over trillions of data and resources. Virtualisation techniques are often used to implement various resources over cloud environment. Clod computing is applied to traditional supercomputing and high performance computing powers and to perform trillions of computations per second.

They are so large and complex that traditional data processing software application are inadequate to deal with them. Its main focus is on unstructured data while the structured data encompasses the functionality of the data processing. The 3 V’s are:

• Volume: it tracks and observes what happens.
• Velocity: data is always available in real-time.
• Variety: it completes missing pieces through data fusion.

Conclusion:

These developments in an era of technological development greatly emphasise the growth and development of various business organisation and to work effectively they begin to set up various level of system utility to acquire the resources. Business organisations can work according to the data and resources that match with the available technologies and thus put efforts on satisfying the customer’s demands. These dynamic functionalities and innovations are visible clearly in the field of communication and information technology. The theoretical description is provided to clarify the ideas about the contribution of the emerging technologies on the economic growth. It has been specified that the increasing trends in the emerging technologies is benefitting the organisations. The conceptual analysis of the disruptive innovation is also discussed in this article.

References

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