Role of Information Technology in the Success and Failure of TUI Group
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This report discusses the role of information technology in the success and failure of TUI Group, different types of network technologies, stages of software development cycle, latest developments in AI, and the benefits and drawbacks of investing in IT.
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Abstract Information technology is playing most important role in growth and development of business organisations. This technology is offering wide scale opportunities through which companies can maximise its profitability and sales. There is wide range of benefits of investing in IT. Present report has been conduct on TUI group which is a travel based organisation. Report covers role of IT in company success and failure, different types of network technologies, stages of software development cycle, latest development in AI and benefits and drawbacks of investing in IT. 2
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INTRODUCTION Information technology is defined as utilisation of system, storage, computer, networking and any other form of paramedical and physical devices in order to secure, process, store, create and execute different kind of electronic data in an effective manner (Tiwari and Suresha, 2021). Information Technology also includes data management and facilitate organisation to conduct their business at large scale with the help of digital media and internet facilities. Present report has been conducted on TUI group which is operating their services in tourism industry and was foundedin theyear1923.In thisreportdiscussionhasbeenconductedon information technology role in company's success and failure in addition with ethical and social issues. Along with this, different form of networking technologies is also included in this report along with different stages of system development cycle. Literature Review Analysis and discussion Identify and discuss the role of IT in the success or failure of a business Information technology is playing important role in organisational success. Individuals all around the world are depending upon digital media and information technology. This technology is assisting organisations to maximize their profitability and attract attention of large number of consumers. In terms with TUI which is operating their services in travel industry role of IT in this business success is being defined below: Provide global reach to brand: Information technology is leading organisations to operate a business in a successful manner in global context (Datta, 2021). It helps companies to maximize their consumer base and reach wide range of consumer segment without any complexities. Information technology offer crucial number of social media platforms such asInstagram,LinkedIn,Facebook and website through which TUI can enhance their global reach and success at great extent. Promotion and advertising: Information technology is an advantages tool through which business organisation can effectively advertise and can promote their offerings in front of global audience. Information technology is also providing opportunity to TOI through which they can conduct cost effective 4
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advertisements and can target potential consumers. This will benefit company to expect higher rate of return and revenue. With the help of Information Technology TUI can also maximize their competitiveness. Information Technologies like Facebook, Twitter and Instagram are being used on wide scale individuals around the world. With the help of these technologies TUI manager can offer this facilities and services and can earn higher revenue and sales. Collaboration opportunities Information Technology also provide easy and hassle-free collaboration opportunities through which TUI can partner with other organisations and can enhance their resources technology and investment and can have a platform to serve large number of audience. It has been identified that search engine which is an essential element of Information Technology can offer significant benefits to TUI manager to determine key business persons and individual that can significantly interested in partnership in business (Millán, 2021). With the help of database and software these forms of organisations can be determine and will help company to grow. Find ethical and social issues associated with running businesses Ethical issues that pertains to business operations of TUI Hacking: Hacking is a form of ethical crime in which professional computer programmer get access to the information available on another system without any form of authorisation. Purpose behind hacking is to steal essential information and data of rival companies in order to increase competitiveness. This form of practices will negatively impact upon tube and can further affect their brand image and affect them for longer period of time. Along with this company may also find itself in legal complexities. Lack of Privacy: Consumers and employees are required to share their essential information such as bank account number, card number with organisation for working purpose or purchasing purpose or any other reason. In this TUI manager is responsible to manage their privacy in order to protect their sensitive information, as if any other party can have excess of these information that will significantly towards affecting trust level of TUI between its employees and consumers that can affect company in terms of loss of sales. 5
Social issues which pertains to business of TUI Product liability: It is essential for a manager to provide equal opportunity to employees in order to allow them to deliver their best performance and offer their contribution in organisational growth and success. If manager does not provide equal opportunity that it will lead towards creating difference between employees that can affect their performance (Braunschweig and Ghallab, 2021). This can further lead towards big social issues with any company that can affect their brand value in market. Equality of opportunity: This is the main responsibility of a manager to determine actual demands and needs of consumers with the help of Information Technology, as if consumer equipments did not get fulfilled they may shift their tend towards other brand or organisation which will not only affect completed beautician but can also affect their profitability and sales. Identify and differentiate between different types of networking technologies Network technologyis termed to the utilization of web and other associated frameworks with the assistance of satellites, wires, optical cables and some particular remote associations (Bauer and Lizotte, 2021). It needs a legitimate framework so data can be send in an appropriate way through voice call, web organizing and so forth Overall there are three sort of systems administration advances for example LAN, MAN and WAN which are talked about beneath: BASISLANMANWAN Full nameLAN is defined as local area network. Thisisdefinedas metropolitanarea network. ItistermedasWide area network. Distance coverage2500 metres is distance overageofLAN technology. MAN is having 200 km limited coverage. WAN is having 10,000 kmandmorethan unlimited coverage. Data transmission speed Ithasbeenidentified that LAN is having very MAN is havingnear about 100 Mbps of data Inrelationwith transferringspeedof 6
highdatatransferring speed that is 10, 100 or 1000Mbpswhich depends on connectivity package. transmission speeddata,ithasbeen determined that WAN is comparatively slow and offer approximately 1.5 Mbps transmission rate. Typesof computer systems LAN is mainly used for desktops and PCs such as home computers and laptop. Thisisbasicallyfor mini computers as well as desktop systems. WAN is mainly suitable for device however this networkingtechnology isutilizedbydesktop users. Widely usedLANismainlywidely utilizedinhome, hospitals,schooland colleges. MAN is mainly utilized forconnectingcities and small towns. Thistechnologyis utilizedtoconnect entirecontinentor country. Discuss the latest development in Artificial Intelligence Artificial intelligence is mainly defined as simulation of human Intelligence and machines that aredulyprogramtothinklikehumans.Insimpletermsthistechnologyisintelligence demonstrated by machines that involves emotionality and consciousness (Iphofen and Kritikos, 2021). The main purpose of artificial intelligence is to enable computers to conduct intellectual task for example perception, decision-making, understanding human, communication, problem solving and more. It has been identified that artificial intelligence have number of advantages in termsofsignificantreductioninhumanerror,24/7availability,digitalassistance,faster decisions, new inventions and many more. Artificial intelligence is playing significant role in moderntimesespeciallyintravelindustry,aswiththeimplementationofAIsoftware organisation can conduct process in more efficient manner. It has been identified that there is latest development in artificial intelligence in terms of applied natural running processing (These five AI developments will shape 2021 and beyond. 2021). This helps in aligning with humans speaking and writing patterns and even visual understanding this increases capacity to effectively 7
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express understanding via language and image. This has been evaluated that these natural language models are significantly powering more efficient as well as accurate search results. It also help organisation to have more sophisticated virtual assistants as well as chat box that helps in offering better user experience and helps organisation to create value. This development is essential in order to improve quality of human machine interaction that helps organisation to have better understanding of visual content as well as expressing it via language. List and explain the different stages of software development life cycle System development life cycleis characterized as a progression of various stages which helps in making a product framework, equipment framework and blend of both so needs and requests of clients can be fulfilled in an ideal way (Van Looy, 2021).Systemis termed as an arrangement of reliant or collaborating components which shapes an incorporated programming. The following are referenced six phases related withSystem development life cycle: System planning: It is the first and most significant advance in fostering a hearty and solid framework. In this stage, companies manager is expected to choose what they need to accomplish and which issues of organization are should have been addressed. Subsequent to examining it, organization can either make another framework; adjust the current framework or leaving framework for what it is worth System analysis: Itissignificantforcompaniestodecideandrecordthenecessitiesorassumptionsfor organization structure the framework (Ivashina and Lerner, 2021). This is conceivable by checking social, efficient, innovative and hierarchical plausibility of framework. On the off chance that requirements of organization will be fulfilled just, further phases of framework cycle will be continuing. System design: This stage came subsequent to understanding the requirements and assumptions for clients. In these level parts, components, security level module, distinctive design and interfaces related with framework will be characterized. Implementation and deployment: 8
It came subsequent to recognizing the necessities of framework and its further details. It is a genuine development measure in the wake of finishing the plan for framework System testing and integration: In this period of framework improvement life cycle, different subsystems and segments are incorporated and framework is acquainted with different contributions to check whenever wanted yields can be accomplished or not. System maintenance: Assuming framework passes testing stage, intermittent upkeep will be done with the goal that framework will not need to confront any form of hurdles while working responsibilities. Benefits and drawbacks for TUI by investing in informational technology Benefits of investing in IT ï‚·By investingin informationtechnologycan gainnumber of benefitsintermsof streamline communication as well asinteraction processin external and internal level. With the help of this company can conduct the activitiesthat is communicating, leveraging, retaining and recruiting in an effective manner. ï‚·Information Technology also benefit TUI in terms of transferring information in faster manner and help in enhancing the strategic thinking process through which they can gain more competitiveness in industry. Drawbacks of Investing in IT ï‚·Information technology is a dynamicprocess that keepson changing in order to implement. In this company may face drawbacks in terms of high cost and budget that will affect their overall budget and lead towards unnecessary expenses. ï‚·It is essential for company to manage it system with strong security as this can affect company at great extent any form of negligence in maintaining proper security of the information of consumers and employees will affect risk level and can affect organisation in terms of loss of revenue and sales. 9
CONCLUSION As per the above mentioned report this has been concluded that information technology is playing key important role in organisation success and failure. There are a number of benefits that will facilitate organisation to enhance their overall revenue and sales at a great extent. However there are different types of social and ethical issues identified in this report which is essential for company to emphasize upon. This has been identified in this report that LAN, WAN and MAN are some of the network technologies through which company can interact with consumers and business partners. Investment information technology will allow organisation to maximize their growth sustainability and profitability. 10
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