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Impact of Digital Technology on Business

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Added on  2020-10-22

Impact of Digital Technology on Business

   Added on 2020-10-22

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Impact of Digital Technology on Business Activity
Name of Student
Name of University
Impact of Digital Technology on Business_1
2
Table of Contents
Introduction......................................................................................................................................4
Part 1: Establish project aims, objectives and timeframes based on the chosen theme (P1, P2, P3)
.........................................................................................................................................................5
Project definition and statement..................................................................................................5
Strategy of the project..................................................................................................................5
Project aim...................................................................................................................................5
Project objectives.........................................................................................................................5
Project management plan by covering the costs, scope, quality, time, communication,
resources and risks.......................................................................................................................6
Scope........................................................................................................................................8
Included Scope.........................................................................................................................9
Excluded scope........................................................................................................................9
Success criteria........................................................................................................................9
Resources...............................................................................................................................10
Communication planning.......................................................................................................10
Risk Management Plan..........................................................................................................12
Table 3: Diagrammatic representation of the plan for management of risk..............................13
Project schedule: Gantt chart.................................................................................................13
Impact of Digital Technology on Business_2
3
Task 2: Perform small-scale research, information gathering and data collection to generate
knowledge to support the project...................................................................................................16
P4. Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives.....................................................................16
Research methodology...............................................................................................................16
Research Method.......................................................................................................................16
Data Collection..........................................................................................................................16
Data Analysis.............................................................................................................................17
Data Sampling...........................................................................................................................17
Ethical consideration.................................................................................................................17
Part 3 Present the project and communicate appropriate recommendations based on meaningful
conclusions drawn from the evidence findings and analysis.........................................................25
P5 – Analyse research and data using appropriate tools and techniques for the chosen project...25
Q.2 Is competitive advantages can be achieved by using the digital media?............................35
P6 Communicate appropriate recommendations as a result of research and data analysis to draw
valid and meaningful conclusions.................................................................................................37
P7: Reflect on the value of conducting the project and its usefulness to support sustainable
organisational performance...........................................................................................................38
Conclusion.....................................................................................................................................40
References......................................................................................................................................41
Impact of Digital Technology on Business_3
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Impact of Digital Technology on Business_4
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Introduction
The advance of information technology and the digitisation of the information have
revolutionised many sectors of work. ASDA is not any different from this trend. The use of
digital information using the internet has vastly contributed to the development of any business.
The operational activities of the workforce were developed since the advancement of
computational technology that can be used to the various operational sectors like human resource
management, production, marketing as well as financing (Cearley Burke and Walker 2016). The
progress of ASDA can be easily mapped by tracking its progress with the help of information
technology. Promotion of the brand image in the social media can also be achieved which is
helpful in the business expansion.
Impact of Digital Technology on Business_5
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Part 1: Establish project aims, objectives and timeframes based on the chosen
theme (P1, P2, P3)
Project definition and statement
This paper aims to represent the project to evaluate the utilisation of digital technology in the
development of the business organisation. The company chosen for the research and project is
ASDA. The impact of the digitisation of the information all across the globe has helped to
enhance the transfer of information without any problem. The benefits of this technology have
immensely for the expansion of business (Gulati and Soni 2015). The statement of the project is
to find the impact of the digital technology on the activities within a business organisation.
The strategy of the project
The completion of a research project is incomplete without the incorporation of the plan which
will devise the activity and provide structure. The utilisation of both primary and secondary data
provides support by the research.
Project aim
The project aims to understand the influence of ASDA Company by digital technology
Project objectives
Studying the impact on ASDA Company regarding the digital technology utilisation.
Determination of the operational activity of the company via online computation.
Impact of Digital Technology on Business_6
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To record the impact of digital technology and promoting the incapability of the company
concerning the display of exercise implementation.
Project management plan by covering the costs, scope, quality, time,
communication, resources and risks
Different types of
activity conducted
for the
achievement of the
project
The number of Time
(in hours) necessary
for conducting every
activity for project
achievement
The amount of financial
support required to
complete all the activities
for implementation of the
project (In Pound/hour)
The number of
funds needed in
total to carry out the
activities required
for finishing the
project (In Pounds)
Method for
collecting data
from various
primary data
sources
30 25 750
Data analysis
performance from
the primary data
sources
40 25 700
Costs of various
kinds of
35 20 450
Impact of Digital Technology on Business_7
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stationeries for the
primary data
gathering
Preparation and
publishing of the
finalised results
30 15 450
Total 2350
Table 1: Diagrammatic representation of the cost management and time management
Source: Created by Author
Management of proper research based on the constant and renewable system is very crucial for
the project where readers and researchers will utilise the service strategy for searching an
alternative and absolute diagrammatic representation and learn about the topic from an analytical
perspective.
Scope
The scope of the project depends on the relevance of the study and Research concerning the
current trends and its impact on market studies. This particular paper will be of higher relevance
since the change in the technology in the digital world has an impact on the business industry
enormously and this project being the reflection of those trends and modernisation of
development of business utilising digital technology (Nylén and Holmström 2015). The people
will also give readers and researchers the idea about knowledge of business due to date
Impact of Digital Technology on Business_8

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