Exploring New Technologies and Competitive Advantage in Management

This report examines the impact of new technologies on business management, focusing on how companies can gain a competitive advantage in the market. It analyzes technologies like distributed cloud, edge computing, big data, the Internet of Things (IoT), and augmented analytics, discussing their potential benefits and applications for businesses. The report highlights the importance of adapting to technological advancements to stay competitive, particularly in the context of a developed economy like the United States. It also references AgWare Inc. as a case study, exploring how these technologies can improve data management, customer experience, and overall business performance. The conclusion emphasizes the need for businesses to adopt these technologies to achieve long-term goals, maintain data security, and stay updated with government regulations. The report includes several references to support its analysis.

Reading Head: MANAGEMENT 0
Management
February 25
2020
New technologies are discussed in this abstract.

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Contents
Introduction................................................................................................................................2
AgWare, Inc...............................................................................................................................2
New Technologies..................................................................................................................3
Conclusion..................................................................................................................................5
References..................................................................................................................................7

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Introduction
Technology is improving every day and there are new innovations of science every
day which are helping people in making their life easier. These technologies also help the
organization in gaining a competitive advantage in the market. In this discussion, new
technologies that can adapt and will have a competitive advantage in the market will be
discussed.
AgWare, Inc.
AgWare Inc. was started in the year 1990 and currently company is associated with
the operational factor which provides rural appraiser a complete support suite. It consists of
two separate integrated products such as AgWare Data Log (Comparable Sales Data log) and
(Appraisal Report Processor) AgWare Click Forms. This software’s help organization to
maintain their database and they can also share files. Further, it also helps in filling forms of
different kinds.
AgWare Inc. have done analysis of Porter’s five factors which will help company in
gaining competitive advantage
a) Competitive rivalry of AgWare Inc. in market is generally high forces.
b) Bargaining power of customers of the company is considered to be low force.
c) Bargaining power with suppliers is considered to be medium force.
d) Since it is a start-up performance and availability of substitutes are weak
comparatively.
e) Company has to give more emphasis of development of brand this will help them
in gaining more competitive advantage.

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New Technologies
Company should install new technologies so that they can take advantage of competitive
market. Some of the new technologies are as follows:
1. Distributed Cloud
The distributed cloud system is the updated version of cloud computing. This software
will distribute public cloud services to different locations and providers can also have control
over those activities. This software is also helpful in knowing updates from the government.
The main advantage of this software is that it will provide public cloud service rather than
private cloud service (Dunn, 2019).
This technology can create competitive advantage for the company as public cloud is the
updated version and it will provide several benefits such as it helps in shifting expenses of
company from capital to operational; it also helps to maintain low infrastructure cost in
organization; It is also more elastic then private cloud; hacking problems can also be ignored
as this software is prepared for all such activities. It will be useful for AgWare also as this
company is filling different types of forms and for that regular update is important this
technology will provide that. The company has many confidential details of people and to
secure that they need software that can protect them from getting data leaked (McKendrick ,
2013).
2. Edge Computing
Edge computing is the process of distributed computing that brings computation and data
storage together. This technology is helpful in improving time response and it also saves from
bandwidth. This type of computing also reduces the chances of latency and transmission
costs. Accuracy of data can also be provided from this technology.

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AgWare can also adopt this technology company can experience significant growth in the
market. The organization wants technology that can process capabilities that can transform
the experience of the customers. And this technology will be helpful for the company in
gaining a competitive advantage. This technology can handle all the important functions of
the organization. This will store, analyse and processed data and it can even act upon it. This
technology will also be helpful in storing information of people so that they can fill form
easily. This is portable software that can work on fixed networks (Deloitte, 2020).
3. Big Data
Big data refers to the problems that are related to processing and storing different types of
data. In an organization, there are different types of data that need to be processed in the same
period of time but many organizations are facing this problem. This problem may affect
customers of the business. AgWare Inc. is also involved in form filling, storing data and
many more. There is a need for this software as there are times when different types of data
have to process at the same time.
If company will adopt this technology it will solve its problem of processing multiple
data. It will also have an impact on customers, product research and marketing initiatives. If
customer feels that their data is secure ad it is less time-consuming customers will be
attracted towards this company. Marketing will be done by satisfied customers. And if there
will be business growth because of this technology firm will be able to achieve a competitive
advantage in the market (James, 2019).
4. Internet of things
IoT covers a broad range of devices that are connected with the internet. This technology
is useful for both customers and businesses. This technology is secure and it also witnesses

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different demands of the customers. This device can get connected with a number of devices
per second. This technology will be adopted by many of the organizations to achieve a
competitive advantage in the market. This will also ensure the growth of business and
installation of this technology is also easy. This will provide regular updates to the company
(James, 2019).
5. Augmented Analytics
This technology uses statistical and linguistic technology. It helps in improving data
management and the performance of the organization. This technology is also helpful in data
analysis and data sharing and is connected to business intelligence. Further, it is also helpful
in showing connected ability to transform big data into smaller and more useable units.
The adoption of this technology will be useful to the organization as this will provide
statistical data to the company. And on that basis, the company can take better decisions for
the future. The company can also build its plans and strategies which will help them in
reducing competition in the market. More customers will also get attracted to the company if
the business will provide quality service to its customers. It is recommended for AgWare Inc.
to adopt this technology (Su, 2017).
Conclusion
Advancement of technology is done on a regular basis. All these technologies will
help organizations in achieving success. There is a lot of competition in the market and to
eradicate that competition proper technology is required. Every organization wants
technology which can help them in achieving competitive advantage. Information technology
is the sector in which technology is kept updating regularly. Companies should adopt that

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technology which can help them in growth and achievement of long term goals will also be
made possible.
In the above discussion, there are some latest technologies mentioned which will help
the software company in achieving growth and success. Plans are policies of the organization
are also formed according to the technology and market condition. Recommendation is also
given above which can help the company in achieving its goals. The United States is a
developed economy and competition is very high in the market. So companies have to adopt
those technologies that are new and provide them with the latest updates so that companies
can be aware of government rules and regulations as well. Product development is mainly
dependent on this factor. Technology will also help companies in maintaining data and
secrecy of confidential data can also be maintained.

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References
Deloitte. (2020). 2020 technology industry outlook. Retrieved 02 25, 2020, from Deloitte:
https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/
articles/technology-industry-outlook.html
Dunn, J. (2019, 11 25). 6 software technologies that will dominate 2020. Retrieved 02 25,
2020, from Espeo Software: https://espeo.eu/blog/6-software-technologies-will-
dominate-2020/
James, R. (2019, 04 25). 10 Top Software Development Trends in 2019. Retrieved 02 25,
2020, from Hachernoon: https://hackernoon.com/10-top-software-development-
trends-a12d25f5fd2d
McKendrick , J. (2013, 03 26). 12 reasons why public clouds are better than private clouds.
Retrieved 02 25, 2020, from ZDNet: https://www.zdnet.com/article/12-reasons-why-
public-clouds-are-better-than-private-clouds/
Su, B. (2017, 11 09). Augmented Analytics Demystified. Retrieved 02 25, 2020, from
Analytics for Human: https://medium.com/analytics-for-humans/augmented-
analytics-demystified-326e227ef68f