Digital Business and Technology: Importance, Development, and Impact

DIGITAL BUSSINES
AND TECHNOLOGY

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
a. Why you deem this topic to be of importance.........................................................................1
b. How this topic has developed.................................................................................................1
c. A detailed description of the technology used in this topic and what it is used for................2
d. What technological platforms and software are used in the topic..........................................2
e. What type of business and organisation uses the technology.................................................2
f. How is it used as business tool and is this effective................................................................3
PART 2: Impact of digital technologies..........................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
.........................................................................................................................................................7

INTRODUCTION
Digital business and technology is very crucial in modern working environment and it
will lead to have major impact on effective and efficient performance of business. It is essential
for organisation to consider new and advance technology in order to successfully and effective
performing business practices (Kardes, 2020). This report is based on Raksh Limited. This
organisation is dealing in retail sector and it is providing its products and services in UK market
area. This report will include importance of digital technology along with how it developed. In
this report uses of digital technology has been determine along with platforms and software. This
report will includes effectiveness of business tools. Apart form this, relationship between digital
technology along with both newly and old theories on business and management structures and
practices.
MAIN BODY
a. Why you deem this topic to be of importance
Digital technology can be describe as the technology that is used by through electronic
tool, systems, devices as well as other resources which are significant generating or processing
data. Digital technology is important topic as through this business is able to gain various
benefits and advantages that will lead to increase business performance (Elia, Margherita and
Passiante, 2020). There are different tools and technology that could be Raksh Limited company
through digital business. It is significant for successfully and effectively performing business
task and attaining set goals. Digital technology is consider as important as it will help in
improving and enhancing overall performance of organisation. This will assist in saving cost of
business and improving productivity.
b. How this topic has developed
Digital technology was developed with the growth and advancement of rapid changes in
technology. Revolution of digital technology was developed in late 1950's to 1970's. Digital
technology has been improved when digital computers and digital record are keeping norm.
Introduction and development of digital technology lead to have significant impact on human
communication as well as living standards. This has been improved by enhancing connectivity,
financial inclusion, access to trade in order to successfully carry out required practices. Digital
1