Adapting to New Technology: Challenges and Recommendations

Adapting to new technology

TABLE OF CONTENTS
Introduction......................................................................................................................................3
Main body........................................................................................................................................3
Conclusion.......................................................................................................................................4
References........................................................................................................................................6

Introduction
Business issue can be referred to long term challenges that a corporation faces which may
prevent the company from execution of strategies and attaining their business and corporate
objectives and goals. If the business issue is severe in nature, it may also threaten the survival of
the company (Saini and Khurana, 2018). Businesses face situations, challenges and problems as
the present business environment is highly volatile, uncertain and dynamic and the businesses
have to continuously adapt to new challenges generated in areas of operations, management,
technology, customer service, finance, human resources and embracing any new changes.
Thereby it is necessary that the companies address these challenges on time and effectively so
that they are not impacted by it. One major issue in the business today is the technology (Laudon
and Traver, 2016). In this report that business issue of technology that the companies face will be
described and how the companies are reacting to the issues and possible recommendations.
Main body
As the technologies are changing constantly, there is an increased pressure on the
companies to innovate or be left behind. Along with the ever-growing demand of consumers that
ask for technology to be embedded in the services or products they use as it leads to increased
quality and convenience. Over the years there have been many advancements in the
technological services, systems and products such as cloud services, IT services and data
management. Apart from these other issues include information security, social media marketing,
clod computing, resource management, regulatory compliance, infrastructure management,
Overall governance and risk management and integration of technology, its maintenance and
upgradations, monitoring the frauds and business continuity or disaster recovery (Linton and
Solomon, 2017).
The primary challenge is the choice of the appropriate technology for the company
according to its need as it requires high amount of investment, failure in implementation and
abundance in choices and the fear hat the business might be resistant in adopting it. The second
challenge that companies face majorly is the integration of operations. In many instances newer
technologies may not integrated properly with legacy applications and old systems. Another
issue is of independent systems as they may function in isolation and there are less chances of
integrating them with newer technology (Azudin and Mansor, 2018).
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