Impact of Digital Technology on Business Activity - Assignment

Added on - 21 Jul 2020

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Impact of digital technologyon business activity
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1............................................................................................................................................1TASK 2............................................................................................................................................2P2............................................................................................................................................2TASK 3............................................................................................................................................3P3...........................................................................................................................................3TASK 4............................................................................................................................................5P4...........................................................................................................................................5TASK 5............................................................................................................................................8P5............................................................................................................................................8TASK 6..........................................................................................................................................15P6.........................................................................................................................................15TASK 7..........................................................................................................................................16P7..........................................................................................................................................16CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
INTRODUCTIONIn business it is required that operations shall be performed in impressive manner and thatcan be done only by using digital technology (Laudon and Laudon, 2015). By doing so serviceswill be rendered in manner that attracts more customers and by that profitability can beimproved. It will be possible to attain long term benefits with the use of new techniques which ishelpful in having additional advantage in the competitive environment. In this report all theaspects which are related to it are discussed in context with Rado. Data analysis is also presentedwhich is required to acquire success in business.TASK 1P1.In business it is very important that reputation shall be created among all the customersand employees and for that digital technology shall be utilised (Westerman,Bonnet and McAfee,2014). All the products and services which are there will be experiencing growth because of thisas promotion is carried out because of it. Large number of customers can be reached as managersin business can use new methods to communicate with them such as social media. By this marketshare is increased and this will improve the profitability. Business will be experiencing positiveimpact as decisions can be taken on timely basis.Topic:To determine the influence of digital technology on business operations.Aspect of projectWith the change in time modifications are required to be made. The company will have toincorporate all new and advanced methods so that it can bring some innovative changes in itsservices and products. With the help of digitisation this can be made possible as moreeffectiveness will be generated. As interaction will be increasing so needs and wants ofcustomers will be determined and can be satisfied in the required time frame. The risk ofintervention by outsiders will be reduced with the use of cloud as all information can be securedand it is not possible to hack it. All the required data can be collected and for this there arevarious methods which can be utilised (Biagi, 2012). They help in knowing what are customersrequirement and by this such services are provided which help in obtaining benefit over andabove other competitors. In order to guide the people about who is to perform which task, it isneeded that aim and objectives shall be specified.1
Aim:Using digital technology in business activities.Objectives:To identify the modification which are to be made in business.To determine effect on business activity due to digital technology.To ensure proper execution of digitisation in company.Research questions:Why it is necessary to alter business activities?How business transformation is possible by digital technology?How can digital technology be implemented in organisation?TASK 2P2.In order to perform the business in effective and efficient manner it is required thatproper planning shall be done (Peppardand Ward, 2016). There are various such factors whichare to be taken into consideration by the managers and it includes risk, cost, quality and manymore. By the help of this project can be managed in most successful manner. The online serviceis also provided to clients which will be enhancing the business. Main elements to be coveredunder this are as follows:Project scope:There is vast scope for project due to the availability of various opportunitieswhich will be yielding additional returns for company. With the use of digital technologyoperations can be managed in whole world in proper manner. With the use of all the serviceswhich are introduces there will be enhancement in market share.Risk management:Due to the goodwill which is maintained by Rado, there is less risk whichwill have to be borne by it. For the improvement of efficiency it is needed that risk which isinvolved shall be identified in proper manner so that measures are taken to reduce it and for thisjudgement will have to be made and this will prove to be beneficial for them. In case ofdigitisations there will be higher risk which will have to be dealt with as it is new for customersso they will try to oppose it.Quality control:This is the main aspect to be notices as without quality growth can never beachieved (Baden-Fuller and Mangematin, 2013). All customers want that they are provided bestquality products and this increase more in case of online method. If the goods will be provided2
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