Importance of Theories and Applications in Digital Business and New Technologies

The work should relate to
theories and models set out in
the course content and other
referenced source material and
include critical discussion of the

TABLE OF CONTENT
• Introduction
• Summary
• Application of summary
• Conclusion
• References

INTRODUCTION
Digital business and new technologies is an important country
concept which is needed to be adopted and carried out by
organisation by using theories and models so that decisions and
practices are used in effective manner (Ahmad, 2020). It is also
seen that it is essential to adopt frameworks on the basis of which
correct suggestions are made regarding software within business
sector. The scope and scale of e-commerce businesses is increasing
at rapid scale which is giving importance to applications and
technologies. Moreover everything has become digital and market
is integrated with technological applications. Main purpose of this
report is to critically understand the importance of theories and
applications which are used in technology. This report comprises of
summary from CW1, set of conclusion based on summary and
application of conclusions to a specific sector.

Summary of the findings:
• The overall report is based on making a detailed evaluation of the
different aspects of business environment that is having connection with
the changing environment needs. Such as there is need to focus on
technology development of E platforms by use of different social media
applications that include Facebook, Instagram that are leading to
building up of social connections between people. There is analysis of
the way how innovative and new technology can be used for the purpose
of enhancing the business functionality. There is application on eBay in
the way organization is focusing on digital business scenario for
achievement of higher competitive advantage (Alizadeh, 2016).
• With the present impact of covid-19 there is a complete change in the
way customers are looking for their purchases. There is application of
latest technology for the purpose of enhancing the sales by use of digital
disruption. The report basically focuses on the way traditional businesses
are converted into complete online platforms and most businesses are
carrying on their functions by focusing more on their e-commerce
website as compared to the brick and mortar stores (Chi, 2016).

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• Further, the report is based on discussing the impact of
artificial intelligence which is a basic system used by
managers to perform the functions of organizations.
There is use of latest Machinery for better customer
experience from software usage. E bay is using this
technology for the purpose of integrating the
requirements of customers and understanding their
preferences by focusing on development of interactive
channels through search social media platforms.
• It is focusing on reducing the overall workload for the
employees. This technology is basically leading towards
enabling the digital option so that organizations can
manage their roles according to the requirements.