logo

Innovations and Technology - Essay

   

Added on  2021-01-02

7 Pages1856 Words425 Views
 | 
 | 
 | 
ESSAY
Innovations and Technology - Essay_1

Table of ContentsINTRODUCTION................................................................................................................................31. Different type of innovations and technology and their impact on economy..............................32. Innovations and technology affects on the sales, operations and profit of the Sainsbury's .......4CONCLUSION....................................................................................................................................6REFERENCES.....................................................................................................................................7
Innovations and Technology - Essay_2

INTRODUCTIONInnovations and technology is an important part of organisation to make profitableenvironment. A new thought can change the organisation. Sainsbury's is the second largest retailingchain in the United Kingdom. It was founded in 1869. It sales Grocery clothing, home-ware,electrics and more other items. Its headquarter is situated in London. It is the second largest chain ofsupermarkets in United Kingdom. This file will include different types of innovations andtechnologies and their impact on the economy of the country. The Latest computer technology,impact of technology and innovations on the operation management, sales, profit on the company.also include an annul report of the company. 1. Different type of innovations and technology and their impact on economyInnovation- Innovation refers to the new idea, technique and imaginations which fulfil therequirements of the people and satisfy them. Innovation happens in the existing products. All theideas and imaginations put to create the product. It fulfils the existing market need(Silvestre,2014).Technology- Technology refers to invent a new tool or machine from which new thing comes infront of people. A process which used to solve the problem(Huang and et.al., 2016).The Latest computer technologies- Many computer technologies which arrives with the everynew day. From using these technologies it is easy to survive in the world because throughcomputers many works can do easily. There are some latest technologies -Cloud computing- It is the technology where the data and task storages in the computer oranywhere else. It is the technology which through any record can keep inside the storage. Iteliminates the expenses upon upgrading and managing software and hardware and also increase thespeed of the computer. It is of low cost(Silvestre,2014).Robots - Robot deals with the construction, design etc. This technology is used to produce therobots which will work as human. Robots are developed to convert absence into presence ofhumans. In this world technology increases day by day and now the new technology comes in formof robot. This robot does a work as a human and mostly it is using in big hotels and manufacturingcompanies.Instant payments- It is not easy to carry money all the times together so the new technologyarrives in form of many applications. From this applications anyone can pay for anything with themobile application so it is useful technology and in trend. In today's era maximum payments doneby card and the online banking services.
Innovations and Technology - Essay_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Emerging Technologies and Business Applications
|1
|355
|129

Understanding the Maker Movement
|5
|745
|192

Emerging Technologies in Business: Applications in Marketing and Security
|11
|1398
|154

Industry 4.0 Report 2022
|13
|3015
|16

IT Devices and Their Impacts on Personal, Public, and Economic Life
|9
|652
|150

Digital Skills and Research Method Assignment
|10
|2343
|236