Digital Business and New Technologies

This report explores the impact of digital technology and new technologies on the corporate world. It discusses the concept of nanotechnology, its applications, and its role in various sectors such as medical and electronics. The report also examines how technology is used as a business tool and its implications for specific industries and professions. It concludes with an analysis of the theories of techno-optimism and techno-scepticism in relation to technology development.

Digital business and
new technologies

Table of Contents
INTRODUCTION.................................................................................................................................3
MAIN BODY........................................................................................................................................3
TASK 1.................................................................................................................................................3
1. A summary of findings from CW1................................................................................................3
2. Set of conclusion based on summary.............................................................................................4
3. Applications of these conclusions to specific sector or profession.................................................4
4. May be done via the application to particular organization that you have experienced of, but must
include clear references to wider sector or profession issues.............................................................6
TASK 2.................................................................................................................................................7
Apply concepts and theories of technology to specific industries, markets, businesses or operational
roles to gain commercial insight and/or inform business operational practice...................................7
d.............................................................................................................................................................7
CONCLUSION.....................................................................................................................................8
REFERENCES......................................................................................................................................9
Books & Journal:...............................................................................................................................9

INTRODUCTION
Technology is changing the corporate world at rapid level. Digital technology has
become trend in market and everyone is using it at wider level. In this competitive era, no one
can survive without technology because it gives a boost to economy. Nanotechnology is a
type of field research which is used for developing and creating new in things such as
materials, devices etc. It is most adopted with motive of developing countries so that cure for
disease is explored at broader and wider level. This report comprises of findings, conclusions,
applications of the conclusions, professional issues and application to particular organisation.
Through use of this nanotechnology, new innovation, inventions, and ideas & thoughts are
generated. Thus, market research is conducted by organisations to use it in proper way.
MAIN BODY
TASK 1
1. A summary of findings from CW1
The CW1 report is about the nanotechnology, organisation uses, description, and
business tool, relation with digital technology with both old and new, evolution of topic. It is
also specifies that nanotechnology is essential for development and growth so that new
changes are being done and easily adopted. Also, it is analysed that huge capital, deep
research, high level of skills and knowledge is required to use nanotechnology in proper
manner. In the report, importance of nanotechnology is given which depicts that it is helpful
in various industries such as medical, industrial manufacturers, etc. Also, through this Nano-
robots are used as technology assistance which helps them to deliver positive outcomes. They
are also skilled and expert in reconditioning of brain tissue and this can also be more
developed in future (Nambisan, 2017).
Further, various applications are there where it is used wider such as aerospace, Nano-
foods, textiles, electronics etc. It is helping society and medical devices to deal with cancer
and treatment. This technology was first developed and used by Japanese scientists Norio
Taniguinching (Orben, 2019).
In 1980, nanotechnology was its usage was widening at rapid scale. This technology
mainly works on atoms and molecules and in earth everything is made up of atoms. It is
widely used such as in smart packaging, smart devices, video games etc. Moreover, it is made
up of transistors which are fast, efficient and have high energy. Also, it assists in providing
display screen which have less consumption if electricity, reduces thickness of screen size

etc. Therefore, it provides a new innovation and invention related to technologies and other
aspects related to it. Each and every type of business uses this technology for higher growth
and increased progress level. It is also analysed that from the CW1 report, it is stated that it
used as business tool and as it is seen that application of this technology is wider and broader.
Nano particles are used in electronic technology & Nanotechnology used for Nano scale
transistors which are faster, increase energy efficient, more powerful and several more.
After a brief analysis of above matter, it is seen that changes and evolution of
technology has affected its usage and application sectors. Thus, when using this technology
proper knowledge and resources are to be used as so that it is used in effective manner (Joda,
2017).
2. Set of conclusion based on summary
Nano-technology has changed the world and its applications sector. It is highly used
in the mostly in the field of medical, electronics and digital platforms. So, when using this in
profession or area proper considerations are to be considered in appropriate manner. It has
also been concluded that digital technology and new inventions are used by every
entrepreneurs as well as businesses. Furthermore, it is also specified that all it is cost
expensive and require resources at larger scale. With use of Nano-technology, new
innovations and opportunities are explored in proper way. It is also concluded that atoms and
molecules play vital role in development of this technology (Contreras, 2017).
As it is used as business tool, more new applications areas are also adopting
this so that new ways are examined in effective manner. In these applications areas such as
video gaming, medical field, electronics new methods are developing so that it become easy
to use the technology effectively as well as efficiently. In earth, everything is made up of
atoms and Nano technology which works in relation with molecules as well as atoms. Thus, it
is used in proper way so that results are positive and achievable.
After a brief analysis of above paragraph, it is seen that it is used at wider level and
more new approaches are being introduced so that
3. Applications of these conclusions to specific sector or profession
Applications of the conclusions are wider as well as broader and are used by everyone
in effective manner. It is also seen that in electronics sector it is used and make innovations
related to devices and machines. Also, it is seen that in this application area it has great
opportunity to be placed in this sector as it can be used such as for reducing the display
screen size and deliver OLED’s displays and new Nano-robots which can be used for helping
others.
Electronics- In this, Nano- technology is being used by many companies to develop
and implement new innovations as well as invention.

Nano technology signifies that adoption of this technology by using electronic part which
is named as transistor. It is also considered as a transistor device which is so small and
connection between inter-atomic as well as quantum mechanical properties require to be
studied comprehensively. The use of Nano technology with electronics provide wide variety
of benefits such as enhancing compactness of memory chip, developing electronic devices as
well as eliminating transistors sized adopt in combined circuits and many more. Therefore, it
has been stated that the integration of this technology with electronics is very beneficial in
future period of time. The integration of technology with electronics is useful in reducing
consumption of power, energy as well as weight in order to boost capabilities related to
electronic in an effective manner. And also, it develops as well as explores display screen by
use of electronic devices (Nambisan, 2017).
Therefore, it has been stated that the combination of both technology and electronics is
useful in particular sector as well as profession in an effective manner which will be
beneficial in future period of time. There are various applications related to combination of
Nano technology related to electronics which is named as Nano electronics which is going to
be mentioned below:
 They adopt atomically-thin-indium-tin oxide sheet which is used for cost effective
manufacturing of touch screen as well as consumes too less power. In addition to this,
they are using silicon nanophotonics for offering speedy information related to
transmission among combined circuits which is possible through the use of electrical
signal. Therefore, it has been stated that the combination of Nano –technology with
electronics is beneficial for organisation during the period of time.
 The use of nonopatterned silicon surface which is used for manufacturing the light
that gives much more frequency than that is previously achieved. It provides
allowance for much more rates of data for delivering information related to
transmission over fibre optics. Thus, it has been analysed that, it is necessary to
transfer information quickly which is adopted for producing light that offer much
more frequency than even before (Orben, 2019).
 It is used for improving lead free solder which provide authenticity to space-mission
as well as other environment related to stress by using copper nonoparticles. In
addition to this, they adopt semiconductor nano wires for creating combined circuits
as well as transistors.

4. May be done via the application to particular organization that you have experienced of,
but must include clear references to wider sector or profession issues
Nanotechnology was beginning form the year of 2000 which deal with variety of products
such as commercial products; there is major application that is used for passive Nano materials. In
addition to this, the technology is adopted in developing countries to assists them to treat disease as
well as prevent issues related to health. It is determined as Nano medicine. There are various
applications such as Nano medicine, Energy, food and many more which are used by particular
organization that is going to be mentioned below:
Nano medicine: Nano medicine is considered as an integration of mechanical as well
as chemical properties that provide treatment to its patient in an effective manner. In addition
to this, it seeks to producing drugs in order to reach in planned area that is much better than
traditionally used injection or pills. There are various issue related to present medicines
which is faced by company such as nano particles that can create biological barrier inside the
body. Therefore, the issue can be resolved by creating effective treatment for its patient
during the period of time. Apart from this, by resolving these issues, it is important to attract
large number of customer by manufacturing effective drugs which is much more beneficial
than the injection that is used traditionally (Singh, 2016).
Energy: There are different branch related to energy in which Nano technology is
determined to have specific potential named as solar. In addition to this, it has been stated
that Nano engineered solar cells as well as materials which provide facilities related to
absorption of higher energy in an effective manner. There is the issue related to failure of
Nano solar cells in the year of 2013. In present context, solar power has generated renewed
interest. It is useful for success and growth of company in future period of time (Scheunert,
2016).
Electronics: In dynamic environment, it is necessary to tackle important information very
quickly and at large scale. Therefore, it has been stated that, through the use of electronics, Nano
technology can transfer necessary chip which is demanded by its customer during the period of time.
Apart from this, few years later, by adopting carbon nanotubes , the company develop a memory chip
which is used for replacing elevated density flash memory chip.
Food: Nanotechnology is used to resolve the issues related to food waste across the world. It
is considered as a professional issue which is confronted by business organization. For this purpose,
they develop packaging of food products as well as packaging of product in such a manner that is
durable bye keep aside from bacteria. Therefore, the company as well as buyer do not reject the food

and thrown it away. It is useful for company to increase their brand image and reputation in front of
customer at marketplace. It increases sales and level of profit in future period of time.
TASK 2
Apply concepts and theories of technology to specific industries, markets, businesses or
operational roles to gain commercial insight and/or inform business operational practiced
Technology theories are essential so that changes of innovation and inventions are
analysed in proper manner. Basically there are two technologies opposite theories which are
techno-optimism and techno scepticism. Both are different from each other affects the
decision of innovators at broader scale.
Theory of techno- optimism
 This theory states that when technological development occurs then it is right and
positive which is to be used by every innovator.
 It also specifies that benefit of technology development reduces the level of risk.
Theory of techno- scepticism
 It states that technology is weaker concept in terms of growth and development.
 The belief that every technological problems has solution is dangerous illusion.

CONCLUSION
After a brief analysis of above report it is concluded that technology is used by
everyone in corporate world so that work become easier. Evolution of digital technology has
also changed the concept and advanced tools are used as tools in the process. Furthermore, it
is examined that applications are important to analyse so that technology is used in proper
manner. Also, new areas & sectors are being developed so that it more new paths of using
digital technology are explored.

REFERENCES
Books & Journal:
Nambisan, 2017. Digital entrepreneurship: Toward a digital technology perspective of
entrepreneurship.Entrepreneurship Theory and Practice,41(6), pp.1029-1055.
Orben, 2019. The association between adolescent well-being and digital technology
use.Nature Human Behaviour,3(2), p.173.
Joda, 2017. Digital technology in fixed implant prosthodontics.Periodontology 2000,73(1),
pp.178-192.
Contreras, 2017. Nanotechnology applications for electrical transformers—A review. Electric
Power Systems Research,143, pp.573-584.
Singh, 2016. Nanotechnology applications in functional foods; opportunities and
challenges.Preventive nutrition and food science,21(1), p.1.
Scheunert, 2016. A review of high magnetic moment thin films for microscale and
nanotechnology applications.Applied Physics Reviews,(1), p.011301.
Chhipa, 2019. Applications of nanotechnology in agriculture. In Methods in Microbiology
(Vol. 46, pp. 115-142). Academic Press.
Awang, 2019. Nanotechnology within Halal Legal Framework: Case Study of Nano-Based
Food Products.Journal of Fatwa Management and Research, pp.29-43.
He, 2019. The current application of nanotechnology in food and agriculture.Journal of food
and drug analysis,27(1), pp.1-21.
Friederich, 2019. Toward design of novel materials for organic electronics.Advanced
Materials,31(26), p.1808256.
Barua, 2020. Application of Nanotechnology in Global Issues. InGlobal Issues and
Innovative Solutions in Healthcare, Culture, and the Environment(pp. 292-300). IGI
Global.

Orben, A. and Przybylski, A.K., 2019. The association between adolescent well-being and
digital technology use.Nature Human Behaviour,3(2), p.173.
Scherer, R., Siddiq, F. and Tondeur, J., 2019. The technology acceptance model (TAM): A
meta-analytic structural equation modeling approach to explaining teachers’ adoption
of digital technology in education.Computers & Education,128, pp.13-35.
Ivanov, 2019. The impact of digital technology and Industry 4.0 on the ripple effect and
supply chain risk analytics.International Journal of Production Research,57(3),
pp.829-846.
Flyverbom, 2019. The governance of digital technology, big data, and the internet: new roles
and responsibilities for business.Business & Society,58(1), pp.3-19.
Smith, 2019. New technologies, new disparities: The intersection of electronic health and
digital health literacy.International journal of cardiology.