Digital Business & New Technologies: Strategic Recommendations for Facing Challenges Caused by Digital Disruption

This presentation discusses the use of digital technology in monitoring activities and understanding the significance of new technologies that affect the challenges faced by current managers. It provides strategic recommendations for improving the effectiveness to face challenges caused by digital disruption within the profession. The presentation includes a summary of findings from CW-1, short conclusions, and references. The subject is Digital Business & New Technologies, course code BM565.

DIGITAL BUSINESS &
NEW TECHNOLOGIES

TABLE OF CONTENT
◦ Summary of the finding from CW-1
◦ A short set of conclusions based on your CW1 summary
◦ Strategic recommendation on how to improve the effectiveness to face challenges caused by digital
disruption within the profession
◦ References

Summary of the finding from CW-1
◦ The report is all about the use of digital technology which helps in monitoring the activities to
understanding the significance of new technologies which affects the challenges faced by the current
managers.
◦ It further explains the different types of the company and organisation which are using the mobile
application for performing their business operations.
◦ It explains various software like C++, PHP and Java with different platforms.
◦ These programming language are important to direct a computer to complete the commands over and
over again to perform various tasks and to communicate with machines in a certain way to make them
function.

Cont..
◦ Now a days, technology plays critical role in every aspect of lives changing the way how people work,
learn, operate and shop.
◦ It takes only one tweet or click to spread the word and technology helps to connect people to build
relationships as well as enhance the ability to act.
◦ Technology creates an impact on the way people communicate, behave, talk, learn and think on daily
basis. It also concludes the relationship among the old and new theories which are related to business and
management.
◦ There should be a proper balance between the old and new technologies pertaining to the digital working
in order to attain the effective goals of the business.

A short set of conclusions based on your CW1 summary
◦ From the above summary of CW1, it can be concluded that for the change in customer's product and
experiences, digital technology plays a important role.
◦ It focuses on using the technologies which are beneficial to improve the business performance to create
new products to deal with competitive advantages to achieve the changes.
◦ Moreover, it provides various platforms which make use of technology more helpful to the business so
that company can develop and manage work in more systematic manner.
◦ All the software and platforms assists the company to do better in their segment of business in a more
appropriate manner for the operating operations.

Cont..
◦ The various type of business are using different applications to operate.
◦ Like mobile application is a great tool to manage the work of the company in an effective manner which
will help in saving the time and cost of the people.
◦ Operating business in external factors can be challenging so, undertaking the effective theories of
business related to digital technology.

Strategic Recommendations
 Optimization of IT resources and
management
◦ Poor resource planning and lack of IT
resources is one of the challenges faced. It is
important to take challenge seriously and get
rid of this.
◦ It can be improved by adopting a proper
approach to make a weak plan into a successful
plan by investing into digital talent.
◦ It is also necessary to make sure the HR
department is well skilled to bring the new
ways to fulfil the digital gap.

Conti..
 Enhancement in Data security
◦ Data security is complex, dynamic and
changing continuously.
◦ Any company's success is depend upon its
ability to secure its digital data operations.
◦ It is one of the main challenge which is faced
by many organisations.
◦ Security must be applied to all the applications
as the main task.

Conti..
 Clarity on Digital Transformation Budget
◦ Digital Transformation process requires a lot of
capital which may lead to lower profits initially
but in long run this investment will become the
main reason of success of the business.
◦ This issue can be resolved by having a budget
friendly strategy in the mind.
◦ It can be improved by involving more and more
departments or their representatives which can
follow the approach while planning on the budget.

Conti..
 Positive organizational culture
◦ Loopholes in organisation culture is one of the
biggest challenges that business owner to upgrade its
tool and technologies.
◦ It is all about organisation's ability to adapt to the
changes.
◦ This issue can be resolved by making a good
communication culture to tackle the digitalization
challenges.
◦ It can encourage the employees and stakeholders to
get accustomed to the digital culture, technology and
solutions which can help the business to persuade
the workforce during the transformation phase.

References
◦ Hu, L., 2020. International Digital Marketing in China: Regional Characteristics and Global
Challenges. Springer Nature.
◦ Nair, S., Khatri, S.K. and Gupta, H., 2019, November. A Model to Enhance Security of Digital
Transaction. In 2019 4th International Conference on Information Systems and Computer Networks
(ISCON) (pp. 17-21). IEEE.
◦ Ustyuzhanina, E., Dementiev, V. and Evsukov, S., 2021. Digital Transaction Platforms: Ensuring Their
Efficiency. Ekonomika i matematicheskie metody, 57(1), pp.5-18.
◦ Zhao, G., Di, B. and He, H., 2020, February. Design and implementation of the digital education
transaction subject two-factor identity authentication system based on blockchain. In 2020 22nd
International Conference on Advanced Communication Technology (ICACT) (pp. 176-180). IEEE.