New Trends in Management: Impact of Technology on Management Activities

This report discusses the impact of technology trends on management activities of individuals, organizations, and society. It covers topics such as AI, machine learning, RPA, edge computing, quantum computing, VR/AR, blockchain, IoT, and 5G. Advantages and disadvantages of these trends are also discussed.

New Trends in
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
The Main Technology Trends in Management......................................................................1
Impacts of Technology Trends in Management.....................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Management refers to the process of planning, organising, staffing, directing, controlling,
coordinating, analysing, reporting and budgeting the activities in the context of individuals,
organisations and society. The technological advancement across the globe has evolved at a rapid
rate in today's world of science. The technological trends in management are the main reason for
evolving management activities of an individual, organisation and society. The report will
explain various technology trends that affect the management activities of the organisation,
individuals and society. It will explain positive and negative impacts of technology trends in
management.
MAIN BODY
Technology is rapidly evolving these days, due to the fast rate of development activities that
has also resulted in faster acceleration of management activities. Technology these days is
rapidly evolving, taking into consideration fast trade and development, resulting in faster
acceleration. It is not simple that the rise in technology is or emerging technology is successful in
dealing with the overall management activities for society, individuals and organisations. The
manners recognise that their position will not only continuity be equal in an uncontrolled
international destiny. The technological changes will remain consistent in all the fields of
management for many years and will affect the management activities of individuals,
organisations and societies.
The Main Technology Trends in Management
Artificial Intelligence (AI) and Machine Learning
Artificial Intelligence, or AI, has already won a whole lot of buzz over the past decade,
but it is still one of the most recent technologies due to its extremely good results on the way we
live, performance and play important role in managing activities at various organisations. AI is
already known for its height in photo and speech reputation, mobile apps, smartphone assistants,
ride-sharing apps and plenty more in the society.
As a substitute, AI might be used to investigate interplay to reap primary and targeted
communications, to help expect the want for offerings inclusive of organisations that allow
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government to make higher choices about useful resource use, and to locate converting consumer
conduct patterns by means of reading records carefully. In actual time, riding sales and
enhancing self-awareness through AI management.
Machine Learning is a subset of AI, which is likewise distributed across all industries,
growing a massive call for professional experts. Forrester predicts AI, system studying, and
automation will create huge impacts on management activities of people, societies and
organisations that consist of robots monitoring, information science, automation professionals,
and content maintainers, making it one a brand new technology manner for enhancing outputs
and performances.
Robotic Process Automation (RPA)
Technologies like artificial intelligence and machine learning, robotic process
automation, or RPA play their very own part in the management activities of individuals,
companies and societies. RPA is using software program to automate business methods which
includes utility interpretation, manner processing, facts processing, and e-mail reaction. RPA
routinely plays repetitive duties that people did. The RPA in daily lives of people such as fans,
AC, Washing machines, smartphones, etc. plays very important role in manging their activities.
Robotic Process Automation has also played a huge role in society and brought the societies
closer towards each other through interaction and communication.
Edge Computing
On account that the arrival of latest browsing technologies, cloud computing has turn out
to be not unusual and the market is dominated via main players in Amazon Web Services
(AWS), Microsoft Azure, and Google Cloud Platform. Edge computing continues to grow in
reputation and increasingly more businesses are shifting to the cloud. However, that is no longer
the practice of recent technologies. Because the number of records groups encountering
continues to develop, in some cases they have got stated the shortcomings of cloud computing.
Edge computing is designed to help conquer a number of these demanding situations by
using overcoming cloud computing latency and bringing records out of records facilities for
managing activities in the organisations. The use of laptops and smartphones is the aspect that
shows how the people manage their things through edge computing. Because of this, Edge
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computing can be used to technique touchy information through the years in far off places with
little or no imperative region that connects the societies. In those instances, Edge computing can
serve as mini information middle for the societal growth, individual growth and organisational
growth. Edge computing will grow as the use of internet of things (IoT) devices increases. This
new technology trend is for growth and advent of an expansion of jobs, especially for utility
engineers.
Quantum Computing
The following primary rate era fashion is quantum computing, which is a type of device
that uses quantum occasions such as superposition and quantum entanglement. This outstanding
technology practice is also involved in preventing the spread of coronavirus, as well as
developing potential vaccines, due to its potential to without difficulty question, display, examine
and manner records, irrespective of in which it comes from. some other discipline where
quantum computing gets packages is banking and finance, credit score danger control, high-
volume trading and fraud detection.
Quantum computer systems are actually faster than ordinary computers and foremost
manufacturers like Spelunk, Honeywell, Microsoft, AWS, Google and plenty of others are
actually participating in innovation inside the Quantum Computing enterprise. The quantum
computing has changed the activities of data sharing that helped individuals, organisations and
societies during Covid-19.
Virtual Reality and Augmented Reality
Virtual Reality (VR), Augmented Reality (AR), and Extended reality (ER) are the
following unique generation fields. VR immerses the consumers in an area, at the same time as
AR enhances the person's enjoyment that is the way to handle and manage the consumers,
suppliers, societies and businesses. Even as this approach has been used in video games to date,
it has additionally been used in education consisting of Virtual Ship, the simulation software
program used to teach US captains. Military, navy and Coast defend.
Through 2022, we are able to assume these technologies to be included again into our
lives. In trendy, AR and VR working along with some of the brand new technology we have
listed have awesome capacity for learning, enjoyment, education, advertising and marketing, and
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injury rehabilitation. it can be used to teach docs inside the discipline, offer unique data to
museum site visitors, develop subject matter parks, or improve advertising, consisting of the
Pepsi Max bus stop.
Block-chain
Although many people think of block-chain generation associated with cryptocurrencies
like Bitcoin, block-chain offers wireless security in many other ways. In short, the block-chain
may not be Wi-Fi, wireless as the numbers can be better added and removable or mod wireless.
Therefore, the term "chain" is associated with the robustness and speed of data. Protected ancient
block-chains cannot be changed and relatively required less technology. In the account that the
block-chains work in the same way, no single organization can handle the information. With
block-chain, there is no need for a trusted third party to control or validate the transaction.
Many industries are concerned within the use of block-chain, and as the use of block-
chain technology increases, so do the demand for professionals. From a bird’s eye view, block-
chain developers ’knowledge in the development and implementation of infrastructure and
responds to the use of block-chain technology. The people use this technology as a cloud systems
and google uses this data to manage the web activities of individuals.
Internet of Things (IoT)
Another promising new generation fashion is IoT. Many "objects" are currently built on a
network, as a way to connect to the net, and so on. Hence the internet of things or IoT is the end,
and it already empowers gadgets, consumer electronics, cars and many other devices to connect
and connect online.
As consumers, we are already using the internet of things. The use of IoT helped people
to track their Wi-Fi, wireless Fitbits, locks the door remotely and many other things in their daily
lives. But companies have plenty of Wi-Fi access now and in the near future. A combination of
items can provide better security, wireless and business decision-making when collecting and
analysing statistics. To provide predictable care, speed up care, improve customer service and
provide unparalleled Wi-Fi.
5G Spectrum
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The next generation trend to follow IoT is 5G. 3G and 4G technologies have allowed us to
navigate the net, use record-based services, increase Spotify or YouTube streaming bandwidth,
and more, but 5G services are expected to change lives of people and societies as well as their
management will become different. 5G Introduce highly technology based applications with
advanced technology and AR and VR, as well as cloud gaming offerings with Google Stadia and
NVidia GeForce Now.
Impacts of Technology Trends in Management
Advantages Disadvantages
 The technology has helped to manage
the time effectively in every context
including the people, organisation and
society.
 Technology trends have given the
boosts to the advancement of processes
within the organisation and improved
management activities.
 Technology trends have helped in
managing the payments and fund
transfer by the organisations, people
and societies from anywhere and to
anyone.
 Technology trends have supported and
facilitated the flow of information
among the businesses, people and
societies that has helped to manage the
activities in synchronization to the
needs.
 Technology has helped in manging the
records and data as well as analysis
within the lives of people, organisations
 The main drawback of technology
trends in the management is the
dependency and negative or overuse of
technology by the people, organisations
and society can lead to devastating and
degrading activities in terms of physical
health, mental fitness, psychological
health, etc.
 The Use of technology is highly
expensive that leads to the increasing
costs on people, organisations and
societies that will require more
investment and financing activities at
all levels.
 The lack of security is another negative
point that may affect or entirely
diminish the capability of people,
organisations and societies to use
technology for personal good.
 The rising level of interruptions in the
daily lives of work, social interaction,
and organisational performance will
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and communities.
 Technology has helped to enhance the
business data analytics, communication
among individuals and communities
that are helpful in managing their
activities respectively.
 Technology has helped in planning
various activities more conveniently by
providing larger scope for data to the
organisations, people and societies.
 Technology has boosted the overall
aspects such as controlling, organising
and directing force for individuals,
organisations and societies.
lead to lowering effects of management
of the people, societies and
organisation.
 The use of technology may increase the
burden of managing extra or additional
things by the people, industry or the
society that will create more burdens
over their management.
CONCLUSION
The above report has been explained about the various technology contracts in the management
activities of an individual, organisation and society. The report has been discussing various
technology trends such as artificial intelligence, machine learning, and robotic process
automation, edge computing, Quantum computing, virtual reality, augmented reality, block-chain
technology, internet of things and many others. Moreover, it describes key concepts of
technology management with the help of the technology trends provided. Finally, it has
discussed various advantages and disadvantages of technology trends in the management
activities.
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REFERENCES
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Applied Energy, 307, p.118160.
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Matthews, L., and et. al., 2021. Developing climate services for Caribbean tourism: a
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Vietor, T. and Huth, T., 2022. Methodical Approaches for Engineering Complex Systems. In
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Wang, P., and et. al., 2022. The Effect of Technology Innovation on Corporate Sustainability in
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