Impact of Digital Technology on Digital Business

Digital business

EXECUTIVE SUMMARY
In this report there will be brief discussion about the new digital trends which the
organisation focus to implement in the workplace. On the other hand, there are multiple
techniques which is been used by the organisation in order to gain competitive advantage with
the help of digital technology. There are multiple theories and models which is been used by the
organisation in order to overcome multiple cyber challenges. There are various transitions which
can impact the performance of the company in a significant manner.

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY ..................................................................................................................................4
TASK 1............................................................................................................................................4
Overview key trends and advantages..........................................................................................4
TASK 2 ...........................................................................................................................................6
Evaluating new and emerging digital business model................................................................6
TASK 3 ...........................................................................................................................................8
Evaluating the impact of new collaborative relationships and strategic alliances......................8
TASK 4 ...........................................................................................................................................9
Discussing the impact of digital currency on digital businesses.................................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Digital technology is the vital source which helps the firm to provide maximum customer
satisfaction (What is Digital Business?, 2022). There are multiple trends which is been evolving
in the market and the organisation needs to focus on becoming better to gain competitive
advantage in this new era. The report aims to analyse about understanding the impact of digital
technology which helps the company to carry out the operations in a strategic manner (Bereznoy,
2018). There are multiple organisation which is been using various platforms in order to promote
the products and services. Amazon is an American multinational company which offers various
services to the customers. It is one of the company which is growing their business at an
exponential rate. The organisation provides E commerce, cloud computing, digital streaming,
and artificial intelligence services. It is one of the most valuable brand which is been providing
excellent services to the customers. It was founded by Jeff bezzos on July 5 1994. In this report
there will be brief discussion about new emerging trends in the digital technology. There will
also be discussion about the key advantages of digital technology. Along with that, there will be
evaluation about the importance of digital currency which is been used by most of the
individuals in this new modern world.
MAIN BODY
TASK 1
Overview key trends and advantages
Digital business is the key to achieve success in this new and modern world. The
organisation can use the technology and achieve great results in the market. The organisation can
provide better services which the help of new digital software and tools (Bryukhovetskaya, and
et.al 2020). With the help of digital technology the customers can buy their essential products
and services from online stores. Most of the companies which are commencing their repartitions
in this new world is focusing on implementing the digital infrastructure in the workplace. There
are multiple benefits which could be achieved by them in a significant manner.
Advantages of Digital business
There are multiple advantages of the digital business it reduced the operational costs for
the business (Komljenovic, 2021). The organisation can also implement the quality and become
consistent in order to provide the essential goods and services to the customers. The agility can