Application of Technology in Business Operations

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Operations Management in Business
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Table of Contents
Table of Contents........................................................................................................................................2
Introduction.................................................................................................................................................3
Application of technology in business operations........................................................................................3
How technology have improved the quality and speed in manufacturing....................................................4
How technology investment decisions are made.........................................................................................5
Challenges faced by organizations in adopting new technology..................................................................6
Conclusion...................................................................................................................................................7
Bibliography................................................................................................................................................8

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Introduction
Technology in business is a developing necessity among many industries. The present
business world is learning more about technology in order to move their business to the next
level. They are looking for the latest innovations in the technology industry that will breed their
business. Business would not be the same if not for the advancements in technology. The growth
and availability of technology in business have led to high growth in commerce and trade. The
business models and concepts have revolutionized because of the introduction of technology.
This revolution has given business new and better approaches on how to deal with challenges in
business. Technology has made business to be able to reach a global market. Beside technology
has made living worthwhile. There are technological threats, thus organization should be
responsible for utilizing the power of technology wisely. Therefore despite the many advantages
of technology, there are also some disadvantages. Using these technologies in a responsible
manner would make the business and the world in general to enjoy the benefits that technology
brings. This report discusses how technology can enhance efficiency in business markets.
Application of technology in business operations
Technology has been applied in manufacturing through the use of robotics. Robotics are
used to do repetitive tasks and also tasks that are hard for humans to perform because of the
physical constraints like getting into a very small place. Use of robotics in tight space has
increased at a high rate as the market for miniaturized electronics has grown (Tao, et al., 2014,
pp. 1436). Some robots may perform tasks independently while others may collaborate with
human workers to complete their work. Robotics may be useful in manufacturing processes that
involve variable which is not safe for human-like ergonomic issues or release of chemical or
fumes, and gas. Therefore, manufacturers can make use of robots in order to create a lower-risk
and safer environment (Forum, 2016). By using of the offline stimulation tools, an individual can
create a blueprint of the production floor in advance then install robotics solution. This allows
individuals to reduce the risk since they have not yet invested in the space and hardware
platforms.
Another technology that is applied in manufacturing is the internet of things (IoT).
During the manufacturing process, many data sets are needed to track, measure, and improve