Digital Business and New Technologies: Importance of Robotics and E-commerce Models

Digital Business and
New Technologies

Executive summary
From the report it has analysed that new methods and digitalisation of business plays an
critical role in the growth of the business. Through this it can be analysed that robotics are very
important for the business which helps in saving lots of time and resources for the business. This
report included various types of technological platforms and software that help the business to
perform effectively in the market. This report contained various theorise related to the business
ans management. At last e-commerce models have also been evaluated in the report.

INTRODUCTION
Digitalisation of business becomes very important in order to effectively perform in the
market. It facilitates the business to introduced new techniques of production and the innovations
of new products and services in order to satisfy the new demands and wants of the customers.
This report will includes the needs of digitalisation in business. This report will contain different
kind of theories in relation to the business and management. Various kinds of online platforms,
application and software will also be taken in this report (Heinze, and et.al 2018). There will be
discussion of the various kinds of e-commerce business model that company and business
organisation uses to sells its products and services to their customers. For this report Amazon
will be taken into the account. Amazon is well established multinational company that is based in
America. They have operations in the field of technology. It was founded on 5 July, 1994 by Jeff
Bezos. Amazon provides an e-commerce platform to their customers as well as sellers to buy and
sell their products in the market. They provides various products on their platform like kitchen
items, watches, automotive items etc. to their customers.
MAIN BODY
Importance of digital business
There is a urgent need for the businesses to introduce new techniques of production and
services in the market which helps them to increase the efficiency of the operations of the
business. Digital techniques of production helps the business firms to increase the sales by
innovating new products and services. This helps in cutting the cost of the production as
digitalisation helps the businesses to find the efficient way of production. Robotics are the most
important part of the technological sector. This saves a lot of resources and time for the business
as with the helps of the robotics products and services can be made effectively. This technology
facilitate the businesses to identify the issues in the activities and helps to create more sales
opportunity for them (Queiroz, and et.al 2019). By using the of the robotics technology
organisation can easily manage their inventory. This also facilitates the business in retention of
the employees as it will help them to reduce the work pressure from them. This will motivates
the employees of the organisation to perform better in the organisation. Amazon uses the latest
robotics technology as this helps them to generate more quality services for their users.