Digital Technology and Business Models: An Analysis of Amazon

INDIVIDUAL REPORT

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Key trends and advantages of digital technology and implications for managing virtual
business........................................................................................................................................3
New and Emerging Digital Business Models..............................................................................5
Impact of crypto currency such as Bitcoin (₿) and others on businesses and understanding
concept of El Salvador’s legal tender of adoption ₿ in early September 2021...........................8
CONCLUSION................................................................................................................................9
REFERENCES................................................................................................................................1

INTRODUCTION
Digital is refers to the business that apply digital technology in order to reinventing
business model and also it can transform the company product and customer experiences. Also,
the innovating products are helps for creating the new value of product and services in order to
connecting people with insight and experiences (CHANDRASEKAR, 2020). The present report
is based on Amazon that is American multinational technology which is focus on digital
streaming, cloud computing, artificial intelligence. Further, it is popularly known for largest e-
commerce platform of the world that offers wide range of product and services. The study will
analyse the key trend and advantages of digitals technology. Then critically evaluating new ands
emerging digital business model such as cyber security and ethics and evaluate the impact of
new collaborative relationship and strategic alliance through digital technology for Amazon.
Lastly, discuss the impacts of crypto currency and Bitcoin that can be use in business by
understanding the El Salvador’s legal tender of adoption in early September 2021.
MAIN BODY
Key trends and advantages of digital technology and implications for managing virtual business
Digital technology is one of the most trending business nowadays because it is enabled
the immense amount of knowledge and information that are need to be compressed by small
devices which can be easy to preserved and transported. Digital technology helps to give the way
of how people can communicate with each other or with organization. There are different types
of digital technology used such as big data, mobile, internet, artificial intelligence etc. Digital
technology is modified nearly each and every aspect of life such as work, travel, entertainment,
shopping, communications etc. all these areas are very trending (Nouhra, 2018). Digital
technology's help to enable immense amount of information which are need to be compressed in
small storage device that can be easily preserved and transported. It has the ability of versatility
in order to expand the information in such manner audio, video, photos, etc. There are many
advantages of digital technologies such ass it helps to build social connectivity there are large
number of people live in the world so that it is not possible to sends all the information by one by
one . In order working on the platform digital technology helps to build the social connectivity
with family, friends, remotely, work in any part of the world. It is related to software, websites
application that is designed for makings people socialize (Ramadan, F Farah and El Essrawi,
2021). Social media, texting, laptop, mobile phones are need to be felt isolated.

Digital technology also helps to improve the communication speed in regards to transfer
large amount data by access virtually in the world in the traditional media. It increases the
connectivity by versatile working from work from home that become very common for recent
decades. Also, it gives the learning opportunity by providing large content at web and people can
easily get offer of making part of foreign event that help to build flexible working practices. It
also provides the massive amount of space that help to store all the data related to customer’s
base, videos, audio, online content etc. There are some implications that are managed by
amazon in order managing virtual business (Weill and Woerner, 2018). Internet is one of
important part for the Amazons because it helps to provide unconditional supports regarding
growths of the business also the technologies innovations is mainly depend on the internet. There
are some implications that are managed by Amazon in order managing virtual business. Internet
is one of important part for the Amazons because it helps to provide unconditional supports
regarding growths of the business also the technology innovations is mainly depended on the
internet. Communication is one of the major parts of the business because it helps to work in
smooth direction.
The flow of accurate information is depended on the better communication processes by
using right tool, the tool is to hire right candidate by identifying all the skills related to e-
commerce or digital marketing. Also, it is necessary to develops the relationship for managing
such as stay connected is helpful for cultivating robust working relationship in order to ensure
about success. To building trust is important part of maintaining good relation also it helps to
connect by daily mails, phone calls etc (Tou, Watanabe and Neittaanmäki, 2019). To keep them
in loop is necessary to update boos for all the responsible work such as deadline of project,
building good connectivity by helps them by informing about news trend and engage employee’s
with the global business. To be transparent is necessary for the virtual business because it will
help to share all the related information in order scheduling something better. Due to lock-down
the sale was increasing for grocery product at that time people are supposed to have delivery of
good at home. At the same time the support given by team is outstanding because everyone was
working in the loop which helps to improve the productivity. The tools used by the company are
very important because it helps to have in loop by regular monitoring the employees then the
assess the location of the employees in order to identify their working pattern (Langley, van
Doorn and Boonstra, 2021).