Digital Business & New Technologies: AI, Blockchain, Cloud & Data Analytics

This report explores the importance, development, technology, software, and business impact of AI, blockchain, cloud, and data analytics in digital business. It covers theories, models, and concepts of digital technology and its impact on industries.

Digital Business &
New Technologies

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
Part 1................................................................................................................................................1
Why is this topic important.........................................................................................................1
How has topic developed............................................................................................................2
A detailed description of the technology used in this topic and what it is used for....................2
What technological platforms and software are used in the topic..............................................2
What type of business and organisation uses the technology.....................................................3
How is it used as business tool and is this effective...................................................................3
PART 2............................................................................................................................................3
Theories, models and concepts of digital technology.................................................................3
Impact of digital technology on an industry...............................................................................4
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
It is identified that business organisation need to adopt various digital technologies in
order to be productive and efficient within the digital world. It is very essential for the business
to enhance technologies in day to day activities. The new technologies help the business
enterprise in doing the task in a easy and more effective way. The digital businesses use the
various new technologies in order to create new value in business models, customer experiences
and the internal capabilities of the employees and the management. The topic which is taken into
consideration for this report is artificial intelligence and application of block- chain, cloud and
data analytics. There is discussion on the topic with its development and importance. (Luz
Martín‐Peña, and et.al., , 2018). This report will include various topic such as what technology is
sued in topic, various technological platforms and software, what type of business use this
technology, how this has been used as a business toll and at last it will include theories, models
and concepts of digital technology and the impact of digital technology.
MAIN BODY
Part 1
Why is this topic important
The artificial intelligence plays a major role in the operations of the business organisation
and its various activities. This helps in enabling the human ability of understanding and
communicating into the software which assist in improving the effectiveness and efficiency of
the employees within the business organisation. The artificial intelligence help in reducing the
time taken by the manual process within the business enterprise. The data analytics helps in
securing data in a more effective and efficient manner with full flexibility. This also helps in
speeding up the data processing. It is very important to have data analytics because this helps the
business organisation in supporting and optimizing the performance of the business enterprise.
This assist in reducing the cost of production and adopt effective ways of the operations.
(Mubarak, and Petraite, 2020)
1

How has topic developed
As the industries and organisation face problem ion the process and operations. It is very
important and the emerging technologies are changing because of the effective working of the
production processe4s within the business enterprises the bid data is analysed at a risk of cyber
crime because of huge data stored by the organisation. This is the reason it is important to
develop artificial intelligence in order to gain the competitive advantage and increase the sales
and revenue of the business organisation. The topic has developed from the years where it is
been identified that data securing is important in order to conduct the business operations. As the
world is dependent over technologies the use of technologies is increasing within the company.
The artificial intelligence has developed because of the effective working within the business
enterprises. It is identified that in the 21st century this will be developing in order to be effective
and serve best to the customers companies requires use of technology in identifying the various
preferences and information. (Hartley, and Sawaya,, 2019)
A detailed description of the technology used in this topic and what it is used for
The Artificial intelligence is itself a technology and the human intelligence which is been
incontestable by the machines and this is opposite to manual intelligence. The artificial
intelligence is explained as a type of computer robot and this is controlled by the human in order
to perform various task. This is the technology which is used for simplifying the task of humans
in order to achieve the goals and objectives within the limited time period. The clout computing
is also explained as a availability of computer resources which helps in storing data of the
business enterprise. The soft3are helps the human ability to transfer the useful data into relevant
information. For this purpose data analytics can be used by the organisation.(Halaburda,
Sarvary, and Haeringer,2022).
What technological platforms and software are used in the topic
There are several platforms and sot wares been used by artificial intelligence which is in
the form of google cloud. AI and Amazon AI services along with the Microsoft Azure AI and
IBM Watson Studio in order to have the advanced functions within the business enterprise.
Block chain uses several platforms such as Ethereum and IBM block-chain along with the
Hyperledger Fabric. The data analytics uses various technology platforms and software in the
form of infrastructure as a service and provides the benefits of storing the data in secured way for
2

the business organisation. The use of various software help the business organisation in using the
information in an effective way and the company can have a competitive advantage of it.
What type of business and organisation uses the technology
The various types of business organisation uses artificial intelligence mainly IT forms
focus on using this technology because they need to gather information of the customers in order
to predict their choices and preferences. Facebook , swiggy, Amazon use artificial intelligence
in order to conduct the business operations. As it is identified that the bot which is presented over
the websites and help in improving customer experience.
How is it used as business tool and is this effective
The use of various technologies such as artificial intelligence, block chain and clout
computing are been utilise as business stool in order to gain competitive advantage. This also
helps the business organisation in gathering the information related to customers, competitors
and external market environment. This is an effective tool which the information technology
industry and for the e- businesses where they need to focus on several task at a particular time.
These tool are considered as an effective for the organisation in enhancing productivity and
helps in improving the customer base by improving the efficiency of human capital within the
workplace. The use of technologies is considered important an effective in order to be aware of
external factors as well. The artificial intelligence helps the organisation in reducing the cost for
the company. (Sahut, Iandoli, and Teulon,, 2021).
PART 2
Theories, models and concepts of digital technology
It is important that some of the major theories which are required to be opted in the
technology and the further advancement is acquired to manage the growth and their general
application which analyse the capability to make the performance and all the operational
activities a bit easy. Artificial intelligence is mostly being used by the Medical sectors and also
through the banking departments. (Gimpel, and et.al., 2018). Their aims to provide the narrow
Artificial intelligence which is also an important type in which they perform the main function
which is to execute the better results and also to improvise all the important functions with which
the executions are readily managed. their main is to work on the automated nature and solutions
that helps in enhancing the security and safety compliance. General Artificial intelligence is also
3

being used as an important type which provides the evaluation and management with the
comprehensive studies and further management. The main focus of all such working is to
provide the general assistance in the training and also to maintain the block chain technologies.
Some of the main type of block chain technology which will helps in the growth and the
functions are like, Public which depicts all the nature through which the transparent and the
independent areas with the security and the stability is addressed it applies all the crypto
currency and all-important validation of the documents. The other major compliance is the
Private which is also a block chain technology helps in managing the trust audibility and also to
frame in the asset of the ownership through which all the work is generally being depicted.
Hybrid another block chain technology maintains the transparency but it somehow affects the
transparency and the up gradation with which all the real estate business practises and the
general functions in the spring is applied. Consortium the applicable general block chain
technology will provide the helps to all the banking sector and the research through which the
supply chain can be implemented and also focus on all such cloud computing and working.
Software is majorly the demand service through which the automated provisions and all the
platforms regarding the tenant billing and the remote areas of the collaboration can be complied.
It is also a multi-tenant model through which the subscription of billing and the rapid growth and
development is managed. Platform interface to provide the effective nature with which the third
party integration and the helps from the mobile areas and the interface is attained. Some of the
major areas in which the virtualisation and the opted data analytics are used will be through the
Diagnostic analysis evaluates all the critical issues and the challenges with which the business
intelligence is managed. Descriptive analysis underwent to all the smaller amount of data that
focus on driving the major areas and the better insights. Predictive analysis helps in future
analysis and forecasting that manage the customer behaviour. Cognitive have so many
technological assets and areas helps in drawing the major areas and the conclusions with which
the technologies and their management is adhered.(Al-Htaybat, von Alberti-Alhtaybat, and
Alhatabat, 2018).
Impact of digital technology on an industry
Digital technology plays a vital role in growth and advancement it creates a positive impact
on all the companies and also ion different organisational sectors. AI as a well-known and
optimised used asset of the organisation draws to manage several functions which helps to
4

maintain the real time data and the processing of the general work record. It helps to manage
the time efficiently and also to maintain the general security and safety towards the
powering. AI is a cost effective program which reduce all the hard labour and also the stress
to keep regular check and tally all the basic details and data. AI reduce the structuring and
also manage the complications to provide positive factors. Artificial intelligence also drawn
to make the work to be efficiently done as there is no possibility of mistake in the tasks and
also create the major security to all the individuals who are being working on the major
operational areas. It enhances the trust on the employees regarding their privacy and also on
the customers, patients and all the people for their details and the personal information. This
generally creates the accuracy and better protection and security through which the block
chain availability will be adversely managed. This not only helps the hospitals to mange the
work but also emphasised to manage the bigger organisation to maintain their work but it
also helps to give the accurate calculation in the banking sector and also in providing the
data analytics in general bank and the Multinational companies. The artificial intelligence
facilitates to showcase all the predictive areas ND iota lost help the employees to work
accordingly with which no mistakes can be drawn in several areas from where the company
can maintain their work and nature.(Gobble, 2018)
CONCLUSION
From this above report it is summarised that, Artificial intelligence is the most important
analytical tool with which all the data and the cyber security and privacy is managed. It
helps in enabling the concept with which the working if the organisation and the real work
nature and context is compliantly framed. All the business is generated with the emergence
working and also opt the new innovation and technology that depicts the operations and the
technological platform. Some of the main theories in the digital technology is to create the
security, privacy and aloes the understanding of the general concepts with cloud computing,
AI and data analysis. This conceptualise the nature of positive attribute for the growth of the
organisation.
5

6

REFERENCES
Books and Journals
Al-Htaybat, K., von Alberti-Alhtaybat, L. and Alhatabat, Z., 2018. Educating digital natives for
the future: accounting educators’ evaluation of the accounting curriculum. Accounting
Education, 27(4), pp.333-357.
Gimpel, and et.al., 2018. Structuring Digital Transformation: A Framework of Action Fields and
its Application at ZEISS. J. Inf. Technol. Theory Appl., 19(1), p.3.
Gobble, M.M., 2018. Digital strategy and digital transformation. Research-Technology
Management, 61(5), pp.66-71.
Halaburda, H., Sarvary, M. and Haeringer, G., 2022. Beyond Bitcoin: The Economics of Digital
Currencies and Blockchain Technologies.
Hartley, J.L. and Sawaya, W.J., 2019. Tortoise, not the hare: Digital transformation of supply
chain business processes. Business Horizons, 62(6), pp.707-715.
Luz Martín‐Peña, and et.al., , 2018. The digitalization and servitization of manufacturing: A
review on digital business models. Strategic Change, 27(2), pp.91-99.
Mubarak, M.F. and Petraite, M., 2020. Industry 4.0 technologies, digital trust and technological
orientation: What matters in open innovation?. Technological Forecasting and Social
Change, 161, p.120332.
Sahut, J.M., Iandoli, L. and Teulon, F., 2021. The age of digital entrepreneurship. Small Business
Economics, 56(3), pp.1159-1169.
7