Digital Technology in Business: Impact on Value Creation and Competitive Advantage

This presentation discusses the significance of hardware and software in business, various technological platforms, and theories considered by businesses in technological advancement. It also provides recommendations for Tea Traders in the UK to ensure data security and improve customer services.

15 min presentation
based on CW1

CONTENTS
 INTRODUCTION
 SHORT SUMMARY
 SHORT CONCLUSIONS.
 RECOMMENDATION
 CONCLUSION
 REFERENCES

INTRODUCTION
 Digital technology in business helps in creating value business models
and enhance internal capabilities and helps in maintaining competitive
advantage.
 Also, the presentation will provide the short summary where various
business models, use of hardware and software in business and various
technological platforms will be discussed..

SHORT SUMMARY
 Hardware and software are the two main components that
are used in every business as there is growing use of
technologies in very sector.
 Also, in the report it was clearly specified that with
frequent changes in the technology developing better
hardware and software system will help in performing more
advance functions and helps the business in storing critical
data of the company that might be used for the future
references.
 Moreover, the report had identified various technological
platforms such as database platforms that helps in
controlling and classifying various types of data

CONTINUE…..
 The report had also identified that both hardware and
software are used as effective business tool that helps any
particular company to reach maximum number of
customers and increase the sales of the business.
 Furthermore, the report had discussed various theories such
as contingency theory, systems theory etc. that are
considered by the business in consideration of
technological advancement in the country.
 Also, the use of hardware and software by certain business
have allowed in solving queries of the customers in most
quick manner and also devise the best possible solutions for
the future.

SHORT SET OF CONCLUSIONS
 Thus from the overall report it might be concluded that both
hardware and software technology helps in bringing positive
impact on business organization
 Also, through this report it can be said that hardware and
software are the essential part in working of any firm as it
helps in increasing the efficiency of the workers and allow
the business to create positive working environment in long
run.
 Furthermore, with help of storage of data the business is able
to analyze the past performance and make certain changes
for the future improvements.

RECOMMENDATION
 For Tea Traders in UK it major challenge that security of
data where the company essential information might be
illegally used by any third party without prior notice.
 However, it can be said that with use of the best hardware
and software systems within the workplace the Tea Traders
would ensure that maintenance cost is reduced
 Furthermore, it is suggested to tea traders with the usage of
the cloud storage the firm would be able to store large
number of customer data.

CONTINUE…..
 Thus, it is suggested to tea traders that with proper usage of
the cloud computing it would be able to ensure greater
effectiveness as cloud computing helps in setting the virtual
offices where there is enough flexibility to the workers and
the management of the company to connect to the business
from any location at any point of time.
 Moreover, it is suggested to quoted firm it is essential that
nature and abilities of doing things are improved through
using the best software systems within the workplace that
would allow the business to offer new customer services in
best of manner

CONCLUSION
 From the above presentation it can be concluded that digital technologies are the main
components through which various business are working in the current era.
 Also, the presentation had discussed in detail about the summary of digital business and
technology report through clearly specifying the significance of hardware and the software
in the business.

REFERENCES
 Abdullah, A. and et.al., 2018. An investigation of the benefits and barriers of
e‐business adoption activities in Yemeni SMEs. Strategic Change. 27(3).
pp.195-208.
 Harjo, M. and et.al., 2019. Hardware and software development for isotonic
strain and isometric stress measurements of linear ionic actuators. Polymers.
11(6). p.1054.