Digital Business: Benefits, Drawbacks, and Emerging Trends

Digital Business

Contents
INTRODUCTION.....................................................................................................................................3
MAIN BODY.............................................................................................................................................3
Summary of digital business with its benefits along with drawbacks......................................................3
Evaluation of emerging business model..................................................................................................4
Impact of strategic alliance as well as of collaborative relationships.......................................................6
Utilization of e-commerce principles.......................................................................................................8
CONCLUSION..........................................................................................................................................9
REFERENCES........................................................................................................................................10

INTRODUCTION
Digital Technology make devices more portable, quicker, lighter, as well as flexible.
Huge quantities of information can be saved either locally or remotely along with this they are
transferred almost instantly (Hrustek, Furjan and Pihir, 2019). Even the term "data," as it implies
to media like photographs, audio and video, has increased and relates no longer to words or
numbers alone. For this report Digital Media team is consider which is from Manchester UK,
they use software which leads in delivering entire as well as results driven approaches to email
marketing.
This report covers benefits along with drawbacks of digital business in detail, further in this
report discussion is done on how principles can be utilize in digital business. This report
discusses the merits as well as demerits relating to collaboration of relationship along with
strategic alliance. Beside this, report also lead emphasis on the emerging trends in digital
business.
MAIN BODY
Summary of digital business with its benefits along with drawbacks
An internally along with externally, Digital Corporation uses technology as an asset. The
infrastructure as well as operations of companies have evolved as the Internet has become freely
accessible to companies along with individuals (Li, 2020). Following are benefits which aid
companies in their transformation along with drawbacks which act as an obstacle
Benefits of Digital business
 Facilitates coordination along with teamwork: Digitalization of industry strengthens
internal connectivity by aligning priorities as well as opening new communication
networks. Digital Media Team can do this both through coordination (e.g.
interdepartmental) to incorporate digital transition steps as well as by fundamental
decisions.
 Fosters creativity: Enterprises are forced to respond through digital alteration whereas
inertia makes it difficult to stop once the movement starts. Company digitalization
typically leads to an innovation which is self-motivated along with enables them to
understand along with more emerging developments as well as new innovations.
 Improved policymaking: Digitization correlates with data administration, data is
information, along with this its knowledge contributes to better choices. The
digitalization of industry makes permanent interaction with the customer possible as well
as helps enterprises to better understand along with about the customer. Any firms
continue to extend big data to all types of decisions affecting nearly the whole company.
Digital Media Team will enhance their decision making policies.
 Increases performance along with productivity: More knowledge is available, allowing
enterprises to take smarter decisions, along with technical instruments to promote their
work. Digital Media Team, intelligent. Digital Media Team with the aid of this can
promote innovation amongst team members as invention can rely not only on
digitalization, but also how company will implement it.

 Strengthens job environments: Digitalization provides aid in multiple sectors in an
organization along with this enhancement of working practices is one of them.
Digitalization needs to be supported for new jobs, like flexible working hours or
telework. Improvement of conditions of employment brings many incentives to the
corporation as well as to workers. In Digital Media Team it can contributes to reduced
job sales along with the preservation of talent as younger generations of staff are calling
for digitalization.
Drawbacks of Digital Business
Technological device over dependency: The automation of complex business operations will
include technical equipment which is fantastic for any company along with their business.
However, such systems can sometimes collapse (Gupta and Bose, 2019). At this point,
manufacturing processes are abruptly halted, which can panic the company. When the job is automated,
people very much rely on electronic devices. Therefore, for Digital Media Team learning how these
systems can be performed manually is pointless. When the technology systems break down, the whole
procedure of their enterprise will stops.
 Concurrence of individuals for job prospects: As implemented in manufacturing
processes, businesses find technology effective. Work is done more quickly along with
this smoother execution certain jobs can be automated. Computer systems will also do
jobs built for a lot of humans which means that corporations do not have to hire too many
persons with jobs that less humans as well as a computer can handle. While the decrease
in demand along with for human labour will be beneficial to businesses, it is not positive
news for employees. For Digital Media Team if they utilities equipment’s more than
people, employees do not understand as well as they will think why they are hired. The
unemployment rate therefore increases along with it is difficult for people to pay their
bills.
Employees became anti-social as a technological result: Technology has made it possible for
people to interact with one another without physically being in the same room in this regard
many apps, like Skype, are available for collaboration (Fletcher and Griffiths, 2020). Therefore,
workers will hold meetings from anywhere they are around the globe. People who don't like conventional
work environments utilisation remote technologies. This suggests that companies will now hire many
types of workers instead of restricting jobs to the working environment. For Digital Media Team, the
workers who utilize technical equipment’s are worsening their social skills.
Evaluation of emerging business model
Most enterprises have been competitive today with information technology. Without
information technologies, certain businesses, including Google, Facebook, EBay, etc. will not
exist. The utilization of IT can, however, can create problems for the company along with its
staff. Criminals who obtain access to credit card details can utilize card owners or the financial
institution to lose their money. The utilization information systems in Facebook along with on
Twitter, i.e. uploading of improper material on an account of the firm can lead to legal
proceedings along with business failure.