Information Technology Sector: Identification of Value Gaps and Implications for Growth of Amazon
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Added on  2023/06/18
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This briefing paper discusses the identification of value gaps in the information technology sector and its implications for the growth of Amazon. It also provides recommendations for the growth and development of the company.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 CONCLUSION................................................................................................................................6 REFRENCES...................................................................................................................................7
Executive summary Information technology plays a crucial role in accomplishing goals and obectives of company. Information technology sector helps in producing hardware and software which is beneficial in growth of an organsiation. Amazon is one of the fastest growing company which provides good quality products to customers and satsify their needs. In the report, identificatio of value gaps or issues is discussed. Implication of the industry of information technology sector is described and some recommenadtions are provided which is beneficial for growth of company.
INTRODUCTION Information technology sector refers to companies which are producing software, hardware, or semiconductor equipment. Companies are providing internet or other services which is beneficial for organisation (Alam, 2021). Amazon is a public company which provides different type of products and services to customer. The company was founded in year 1994 and its headquarter is situated in Seattel, Washington, US. The report examines, identification and discussion of the value issues/gaps related to the industry. Implication of the industry values issues/gapsfortheorganisation.Further,somerecommendationsareprovidedwhichis beneficial for growth of firm. MAIN BODY Identification of value issues/gaps Value gap is the difference between user’s expectations and reality. It is important to identify gap and issues so that better plans can be made for achieving target of company. In an organisation, it is the responsibility of manager to identify value gaps or issues and try to solve it so that better products or services can be provided to customers (Beck and et.al., 2017). This helps in generating more revenue and creates good image of company in market. For identifying value gaps in an organisation, there are some steps which should be followed like, plan analysis, define goals and objectives of company, focus on future trends, determine skills required in future, measure current skills and performance. Find the reason of value gaps and issues, get an overview of entire company. These are some ways to find issues and find solution so that goals of firm can be accomplished. Value gaps or issues which is faced by organisation in information technology sector is need for strong digital conference platform, too much focus on automation, privacy issues, internet speed and connections, poor user experience, use of artificial intelligence. Nowadays, technology is changing and to satisfy need of customers, it is important to make new and innovative products. It is difficult for organisation to identify choice of customer and make innovative products. Trends and choice of people is changing rapidly and to increase profit of company, new technology should be implemented. Amazon is one of the fastest growing company and apply new technology to make innovative product. Amazon is providing good quality product to customers and satisfy need of people (Bessen, 2017). It is essential to focus on need of consumers and provide them good
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quality products at reasonable price. Amazon company is using cloud computing, e-commerce, artificial intelligence, consumer electronics, digital distribution of goods, self-driving cars and online service. It is important for an organisation to use technology properly and provide good quality products to customers. Sometimes, managers of Amazon company facing problem in managing information technology sector because technology is changing rapidly and it is not possible to apply new technology and solve issues so that more revenue can be generated. This organisation is being chosen because it is an information technology sector and one of the fastest growing company. They are providing good quality products to company and satisfy their needs. Managers of Amazon company are identifying need of customer and making plans accordingly. they are using e- commerce, artificial intelligence and other techniques to attract customers. It is important for an organisation to overlap gap between user’s expectations and reality. Consumers are expecting good quality products at reasonable price and sometimes, managers are not able to fulfil this. Applying information technology creates positive image in minds of customers and help in generating more revenue (Bigdeli and Motadel, 2019). Information technology sector helps in automating process of firm and their systems to target objectives and goals of organisation can be accomplished. Information technology helps in generating more revenue ad increase sales of firm. Information technology sector helps in reducing inefficiency of the work and better products can be made. It helps in developing effective methods which is beneficial in customer relationship management. IT sector plays a crucial role in an organisation because it helps in improving communication and work can be done in a systematic way. Informationtechnologysectorhelpininventorymanagement,decisionmaking, maintaining good relation with customer and data management. It is essential to use information technology in organisation so that needs of customers can be satisfied and issues should be face by managers by finding creative solution. This helps in generating more revenue and creates good image in market. For accomplishing goals and objectives of company, it is essential to make plans or strategies for satisfying need of customer and earn profit. The role of information technology sector is to facilitate storing huge information with the help of software or hardware at less cost. Industry means large scale business activity or a type of productive trade. There are four type of industry such as, primary, secondary, tertiary and quaternary. An industry can be defined as a
group of companies which is related to primary business activities (Luftman and et.al., 2017). Individual companies are divided into an industry based on revenue earned. Industry is a large scale business which contributes to the growth of economy. It also eliminates dependence on other countriesfor supplyinggoodsand services. Industry refersto a specificgroup of companies or businesses. The term industry and sector can be used interchangeably as it helps in describing a group of companies that operate in the same segment of the economy. It also helps in describing organisations which share a similar business type. Sector means an area or small portion that is different from others. Sector describes a large segment of the economy like, information technology sector. Implication of the industry It is important for an organisation to use information technology so that better products can be provided to customers. It is essential to make products by applying new techniques and satisfy needs of people. Information technology sector helps in dealing with computing, it also includes, hardware and software, telecommunications. Managers of an organisation should focus on satisfying need of customer and overlap gap between expectation and reality of user. Product should be made of good quality because it helps in attracting people (Camero and Alba, 2019). Amazon company is applying cloud computing, e- commerce, artificial intelligence, consumer electronics, digital distribution. While implementing technology, there are some issues which an organisation has to face and managers have to find creative solution. This helps in solving issues and better plans can be made for future. Amazon is using e-commerce, artificial intelligence, consumer electronics, cloud computing to attract customers and make good quality products. Cloud computing is a technology which is used by an organisation for storing and managing data on remote servers, they can access data with the help of internet. E- commerce refers to buying and selling of goods or services through electronic mode. Nowadays, companies are providing home delivery services to customers to increase sales of firm and more revenue can be generated. This is beneficial for consumers as they can place order anytime and products are delivered at home. Amazon has its own app by which customer can buy goods or services easily. So, information technology plays a crucial role in an organisation because it helps in creating positive image in mind of customers and more profit can be earned (Lou and Li, 2017). IT sector affects way individuals communicate, enhance learning and think.
It also helps society in determining how people interact with each other. It has positive and negative impact on the world and daily lives. Information technology sector has made education process more effective and productive. It helps in determining choice of customers and better products can be made to attract people. Value concepts refer to well considered qualities or some qualities which is related to object, ideas, practical or moral ideas, different patterns of behaviour, character traits. Value concept denotes degree of importance of thing or some action. Value helps in determining what actions are correct and what actions are not correct. It reflects a person’s sense of right or wrong. Recommendations There are some recommendations which can be used by managers of Amazon company which is beneficial for growth of company. Managers should identify target market by using social media tools so that better products can be provided. Collaborative filtering can be used which helps in producing high quality. It helps in predict the rating or preference of customers. Machine learning can be used by managers of Amazon so that buying pattern of customers can be identified and identify fraudulent purchase. It is important to provide good quality products to customers so that their needs can be satisfied and it helps in creating good image in market. When latest technology is used by company then it helps in attracting customers and more revenue can be generated. CONCLUSION From the above discussion it can be concluded that, information technology sector plays a crucial role in an organisation. It is important to use information technology to attract more people and better products can be provided. Identification of the value issues/gaps to the industry has been described. Further, discussion about implication of the industry value issues/gaps for the organisation has been discussed. Some recommendations are provided which is beneficial for growth and development of organisation.
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REFRENCES Books and Journals Alam, T., 2021. Cloud Computing and its role in the Information Technology.IAIC Transactions on Sustainable Digital Innovation (ITSDI).1. pp.108-115. Beck, R., and et.al., 2017. Blockchain technology in business and information systems research. Bessen, J., 2017. Information technology and industry concentration. Bigdeli, E. and Motadel, M., 2019. Developing a dynamic model of business and information technologyalignmentwithanagileapproach.ModernResearchinDecision Making.4(4). pp.147-175. Camero, A. and Alba, E., 2019. Smart City and information technology: A review.cities,93, pp.84-94. Lou, A. T. and Li, E. Y., 2017, December. Integrating innovation diffusion theory and the technology acceptance model: The adoption of blockchain technology from business managers’ perspective. InInternational Conference on Electronic Business(Vol. 12, No. 4, pp. 299-302). Luftman, J., and et.al., 2017. Enhancing the measurement of information technology (IT) business alignment and its influence on company performance.Journal of Information Technology.32(1). pp.26-46.