Impact of Technology on Business Industry

Abstract
Technology changes have really led to business impact in all aspects. Positively, the work has been
made easier mostly in terms of analyzing the data and understanding the needs and also changes
that should be made in business accordingly. Technology has brought much more in today's
businesses and such impacts are directly felt. Negatively, the data compromisations might lead to
huge losses and destruction of the goals and ambitions of the business. Security should be ensured
hence the prosperity of the business is also assured. (Richards, Yeoh, Chong & Popovič, 2019).
Introduction
Data visualization is a very important aspect of the entire business intelligence dynamic. It is simply
a pictorial representation of a given set of data representing a specific business plan. These are
applications used to analyze and predict the data. In our case, we will have a look at a few such
software commonly used to analyze the data. Managers of the business use this software to make
decisions on operation management of the business and also, more importantly, help keep the
company records. By use of all this, the managers can make decisions on the business considering
factors which have a positive impact on the business only and also changes will be made
appropriately. We have special software which analyzes these processes and gives out the analysis
with representations of charts, graphs, maps, etc. New aspects and hidden patterns will be detected
with the help of this visualizations. In business, there are some data that cannot be just analyzed
using simple techniques yet they are very important in business transformations. Sisense is a tool
used in data analysis for the visualization of business information. The analysis made will let the
managers or business owners make quick decisions on their businesses. (Popovič, Puklavec, &
Oliveira, 2019).

Business Industry
Technology has really led to tremendous changes in the business industry. Inventors in IT has really
turned their inventions to affect businesses because this will make them earn some money and by
doing so they get resources for new inventions. The business industry has now been affected the
most by the changes in technology (Popovič, Puklavec, & Oliveira, 2019).
How technology is disrupting the business industry
1) Constant automation
Due to improvements and changes in technology, there has been constant automation of the
business, especially in digital marketing. Business nowadays has adopted B2B marketing which has
really lead to the success of the business. Technology has really lead to big improvements in digital
marketing (Popovič, Puklavec, & Oliveira, 2019).
2) Management
Management has changed with technology. The way managers or CEO's manages there companies
or business has really been impacted by the technology. Managers and CEO's must understand the
data analysis and also they should have an understanding of digital marketing to facilitate the
promotion of their products. Nowadays it is about managers and CEO with technology skills
(Richards, Yeoh, Chong & Popovič, 2019).
3) Digital currency
Technology has really changed how the payments are made nowadays. More business and
companies use e-commerce and there they have shifted into the electronic payments. By using e-
commerce, they can sell their products to customers in any geographical locations. Electronic
payments are trusted mode of payments and they have really affected people who can't access
technology but on the other hand, it has brought security in businesses (Isazad Mashinchi, Ojo, &
Sullivan, 2019, January).
Factors or constraints that make distribution impacts possible or impossible to occur
1) Cloud computing and mobile has really promoted the automation of applications and also
constant changes in marketing. Big data can be analyzed and processed by well-designed software
then they can be stored in the clouds. The data can be referred to in future or retrieved in-case of
any loss. Mobile also has revolutionized digital marketing since marketers can now do so using
their mobile phones (Isazad Mashinchi, Ojo, & Sullivan, 2019, January).
2) Distributions have also been caused by big data analysis, internet of things, etc. Due to changes
in business approaches business have to employ the use of data analysis to analyze their data by use
of data visualization techniques. IoT also has brought some changes where robots are now used to
move some products inside the industry or even transport than to the customers (Anderson, C.
2019).
3) Cybersecurity is also another major factor. Hackers always try to account business accounts
especially digital electronic payments services. Hackers always target where the money is and
because digital payment is encouraged by many businesses then there are also security issues. This
can, therefore, be overcome by employing cybersecurity experts to handle these issues (Anderson,
C. 2019).

4) Globalization is also another factor. Technology has made digital globalization to be more
suitable for business environments. An e-commerce website can be used by anyone around the
world. This also has made the business to produce high-quality products because they are consumed
globally (Popovič, Puklavec, & Oliveira, 2019).
The potential impact of Internet Of Things on Surgery
Internet of Things (IoT) has brought changes in the healthcare industry. In Surgery, the use of IoT
has been beneficial to both the patients and also the hospital's operations in general. Patient in the
theater needs a lot of care and attention. It has lower the cost, only two or three doctors can monitor
the patient conditions in the room and also it connects several medical devices and the doctors can
serve the patient by use of instructions. There is also a high level of accuracy when treating a
patient because IoT has improved the diagnosis of the patient. During the surgery, robots are used
because they are very accurate in the operations of the patient. Doctors will only control the process
carefully but the accuracy is assured. sometimes humans can make errors during operations hence
leading to deaths of the patients but by using IoT technology through robots then this level of
accuracy is increased and assured. Patients who have been operated needs a lot of attention hence
IoT will help administer medicine to the patient and specific intervals of time that was instructed to
do by the doctor. Treatment of the patient also will be very easy because medicine is administered at
the right time without failures because of forgetting. IoT technology has brought a positive impact
in the healthcare industry despite the factor that there are some shortcomings (Richards, Yeoh,
Chong & Popovič, 2019).
Data visualization
Data visualization is a very important aspect of the entire business intelligence dynamic. It is simply
a pictorial representation of a given set of data representing a specific business plan. We have
special software which analyzes these processes and gives out the analysis with representations of
charts, graphs, maps, etc. New aspects and hidden patterns will be detected with the help of this
visualizations. In business, there are some data that cannot be just analyzed using simple techniques
yet they are very important in business transformations. Business Intelligence plays a key role in
this process where we can compare the product demands of the customers using graphs and see if it
is possible in a drop of the demand in future or raise hence the supply of the product should be
changed accordingly. Software such as Sisense and Looker are among the software which can give
insight into the data analysis in details and represent them in charts, graphs, etc. Data visualization
has changed the business industry through technology such as business intelligence. The business
will, therefore, be transformed such that by use of the simple data you collect in your business then
you can predict the effects of introducing certain changes in your business hence this new
technology has led to positive impact to the business industry (Olszak, Goyal, & Zurada, 2019,
January).