Integrated Professional Skills in Digital Age: Analysis and Insights
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AI Summary
This report analyzes the importance of integrated professional skills in the digital age, focusing on collaboration tools used during the pandemic to reduce physical contact, the critical role of cloud computing, cloud storage, and e-commerce in improving digitalization, and the privacy and security challenges that arise. It also examines the potential of cryptocurrency for business adoption. The report highlights specific collaboration tools like Google Keep and Microsoft Teams, discussing their benefits in enhancing communication and productivity. It further analyzes the advantages and disadvantages of cloud computing, cloud storage, and e-commerce platforms, emphasizing their impact on business growth and digital transformation. Finally, it addresses the security and privacy concerns associated with remote work and the increasing reliance on digital technologies, alongside a discussion on the potential benefits and risks of cryptocurrency adoption for businesses.
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Integrated professional
skills in digital age
Table of Contents
skills in digital age
Table of Contents
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INTRODUCTION...........................................................................................................................1
Collaboration tools within pandemic to reduce physical contacts among participants...............1
Cloud computing, cloud storage and ecommerce critical analysis for application of cloud
storage and computing in improving digitalisation.....................................................................3
Privacy and security challenges...................................................................................................5
Crypto currency for business.......................................................................................................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10
Collaboration tools within pandemic to reduce physical contacts among participants...............1
Cloud computing, cloud storage and ecommerce critical analysis for application of cloud
storage and computing in improving digitalisation.....................................................................3
Privacy and security challenges...................................................................................................5
Crypto currency for business.......................................................................................................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Integrated professional skills in digital age have been significantly growing importance
for strengthened rise on workplace motivation, effective working competencies within various
new platforms. The role of integrated professional skills, in recent time has been significantly
growing for gaining fundamental growth in competitive profound new goals and generation of
best competitive performance. The recent report will analyse usage of collaboration tools in
business within recent pandemic time , for reducing physical contacts among participants. Recent
research , will also evolve focus on analysing in depth meaning of cloud computing, ecommerce
platforms which are the new essential platforms gaining importance. The study in recent report
will also analyse global pandemic work and home routines and how ongoing digital changes
have been evolving, where identifying privacy and security challenges have to be identified.
Also study in recent findings will analyse importance of crypto currency for businesses and
opinion for adopting such as Bit coin for business.
Collaboration tools within pandemic to reduce physical contacts among participants.
The collaboration tools are highly essential within recent time during pandemic, where it
helps business to survive current professional working scenarios among progressive goals.
Usage of collaboration tools, specifically helps effective management of proper consistency
goals within recent platforms for harnessing professional competitive engagement. Companies
are adopting best tools, for reducing physical contacts and digital services to be enhanced on
productively for improved functional abilities in competent manner. The best collaboration tools
are as follows (Wirtz, Müller and Weyerer, 2021).
Google Keep: The platform of google keep is based on cloud based note taking app that enables
to keep notes in sync with all devices in a breeze. It enhances collaboration , where people can
1
Integrated professional skills in digital age have been significantly growing importance
for strengthened rise on workplace motivation, effective working competencies within various
new platforms. The role of integrated professional skills, in recent time has been significantly
growing for gaining fundamental growth in competitive profound new goals and generation of
best competitive performance. The recent report will analyse usage of collaboration tools in
business within recent pandemic time , for reducing physical contacts among participants. Recent
research , will also evolve focus on analysing in depth meaning of cloud computing, ecommerce
platforms which are the new essential platforms gaining importance. The study in recent report
will also analyse global pandemic work and home routines and how ongoing digital changes
have been evolving, where identifying privacy and security challenges have to be identified.
Also study in recent findings will analyse importance of crypto currency for businesses and
opinion for adopting such as Bit coin for business.
Collaboration tools within pandemic to reduce physical contacts among participants.
The collaboration tools are highly essential within recent time during pandemic, where it
helps business to survive current professional working scenarios among progressive goals.
Usage of collaboration tools, specifically helps effective management of proper consistency
goals within recent platforms for harnessing professional competitive engagement. Companies
are adopting best tools, for reducing physical contacts and digital services to be enhanced on
productively for improved functional abilities in competent manner. The best collaboration tools
are as follows (Wirtz, Müller and Weyerer, 2021).
Google Keep: The platform of google keep is based on cloud based note taking app that enables
to keep notes in sync with all devices in a breeze. It enhances collaboration , where people can
1

share notes with other users and collaborate on the working platforms working towards
productive efficiency. The role of Google keep in recent digital era professionally enables best
competitive engagement to engage among stakeholders, and reduce the physical contacts within
professional standards. It can be also analysed that extended technical growth, functionally
strengthens vision for extended development diversely. There is also professional consistency
maintained, with usage of google keep in handling meetings and also strengthening
competencies. Google docs, sheets and slide are used to collaborate on work and there is
enhanced workspace with hundreds of integrated third party apps available in workplace. The
platform enables faster digital communication and grasp of productive communication to be
conducted (Daniela, Rubene and Rūdolfa, 2021).
Microsoft teams: The Microsoft team is collaboration app that enables staff to be organised and
build timely conversations in proper form with consistent devices. It can be analysed that
Microsoft teams enables to integrate best scale efficacy by proper phone calls, host meetings and
sharing of files in proper manner. The Microsoft team app is used widely within recent time, for
programming consistency in management and enhancing working operations innovatively. By
using Microsoft teams, company is aiming to introduce specific measures for adopting to new
measures for engaging teams digitally and harnessing innovation rapidly for consistency.
There is super charged communication, stronger productivity factors and faster
scheduling of meetings in uniform manner, also where voice calls and video calls can be worked
on. The Microsoft team is also effective platform for timely expansion, and gaining fundamental
vision worked on for strengthened optimised growth informatively. Training sessions can be
conducted, development has to be improved on for extensive scale growth rapidly for harnessed
growth and diverse domains reach functionally (Cooper, 2021). It can be also analysed that
Microsoft team is one of the most effective application, used in multiple platforms within recent
time for fastened engagement and also productive expansion being utilised on for strengthened
vision. By usage of Microsoft teams, faster decisions are being made and intricate competencies
have to be evolved on for extended improved business goals. The tool has enabled pandemic
time period complexity to be eased, and major set backs to be reduced within functional
decisions by corporate due to lack of physical touch. This has been also found to be fast used
app, where Microsoft teams is highly easy to use, significantly effective for strengthening
2
productive efficiency. The role of Google keep in recent digital era professionally enables best
competitive engagement to engage among stakeholders, and reduce the physical contacts within
professional standards. It can be also analysed that extended technical growth, functionally
strengthens vision for extended development diversely. There is also professional consistency
maintained, with usage of google keep in handling meetings and also strengthening
competencies. Google docs, sheets and slide are used to collaborate on work and there is
enhanced workspace with hundreds of integrated third party apps available in workplace. The
platform enables faster digital communication and grasp of productive communication to be
conducted (Daniela, Rubene and Rūdolfa, 2021).
Microsoft teams: The Microsoft team is collaboration app that enables staff to be organised and
build timely conversations in proper form with consistent devices. It can be analysed that
Microsoft teams enables to integrate best scale efficacy by proper phone calls, host meetings and
sharing of files in proper manner. The Microsoft team app is used widely within recent time, for
programming consistency in management and enhancing working operations innovatively. By
using Microsoft teams, company is aiming to introduce specific measures for adopting to new
measures for engaging teams digitally and harnessing innovation rapidly for consistency.
There is super charged communication, stronger productivity factors and faster
scheduling of meetings in uniform manner, also where voice calls and video calls can be worked
on. The Microsoft team is also effective platform for timely expansion, and gaining fundamental
vision worked on for strengthened optimised growth informatively. Training sessions can be
conducted, development has to be improved on for extensive scale growth rapidly for harnessed
growth and diverse domains reach functionally (Cooper, 2021). It can be also analysed that
Microsoft team is one of the most effective application, used in multiple platforms within recent
time for fastened engagement and also productive expansion being utilised on for strengthened
vision. By usage of Microsoft teams, faster decisions are being made and intricate competencies
have to be evolved on for extended improved business goals. The tool has enabled pandemic
time period complexity to be eased, and major set backs to be reduced within functional
decisions by corporate due to lack of physical touch. This has been also found to be fast used
app, where Microsoft teams is highly easy to use, significantly effective for strengthening
2
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communication among corporate standards for productive competencies. This harnesses best
innovation, faster communication to be diversified and less chaos within recent time.
By utilising effective utilisation with usage of digital collaboration tools, there is further
extensive growth worked on towards establishing the productive long term procedural efficacy
diversely. The purpose of Microsoft teams is use as collaboration app for building hybrid work
environment and stay connected, informed and organized in proper format for improved faster
networking. The digital platforms brings various options for group to functionally work
together, stimulate innovation within projects and meetings. Collaboration is done on real time
basis, where people can also indulge in brainstorming sessions functionally.
Cloud computing, cloud storage and ecommerce critical analysis for application of cloud storage
and computing in improving digitalisation
There are various applications for cloud storage and computing evolving in improved
digitalisation, which are cloud computing, cloud storage and ecommerce businesses. Critical
analysis of cloud computing and other digital platforms will enable to gain productive focus
towards effective rise on improved digitalisation aspects. Recently during covid-19, businesses
are optimising diversified expansion within new platforms digitally towards specific working
efficacy. The specific aspects based on cloud computing , cloud storage and ecommerce are
based on for engaged on towards functional efficacy.
Cloud computing brings on demand self services and resource pooling informatively, with rapid
elasticity and measured new services for extended business growth. Improved digitalisation
signifies the best range of commercial networks to be developed on, and engaged on for
strengthened working outputs strategically. Cloud computing towards proper competitive
engagement enhances vision, for company to optimise best scale growth for higher productive
outputs. It is costly investment for company to build up, as new extended competent focus has to
be evolved on. The implementation of cloud computing , has to be done strategically where this
hampers longer scale vision towards determined competencies for extensive scale within
performance. The practical role of cloud computing is also practically connected to diversify new
technology initiatives , strengthen up new resources and practical fundamental usage within
longer time frame.
3
innovation, faster communication to be diversified and less chaos within recent time.
By utilising effective utilisation with usage of digital collaboration tools, there is further
extensive growth worked on towards establishing the productive long term procedural efficacy
diversely. The purpose of Microsoft teams is use as collaboration app for building hybrid work
environment and stay connected, informed and organized in proper format for improved faster
networking. The digital platforms brings various options for group to functionally work
together, stimulate innovation within projects and meetings. Collaboration is done on real time
basis, where people can also indulge in brainstorming sessions functionally.
Cloud computing, cloud storage and ecommerce critical analysis for application of cloud storage
and computing in improving digitalisation
There are various applications for cloud storage and computing evolving in improved
digitalisation, which are cloud computing, cloud storage and ecommerce businesses. Critical
analysis of cloud computing and other digital platforms will enable to gain productive focus
towards effective rise on improved digitalisation aspects. Recently during covid-19, businesses
are optimising diversified expansion within new platforms digitally towards specific working
efficacy. The specific aspects based on cloud computing , cloud storage and ecommerce are
based on for engaged on towards functional efficacy.
Cloud computing brings on demand self services and resource pooling informatively, with rapid
elasticity and measured new services for extended business growth. Improved digitalisation
signifies the best range of commercial networks to be developed on, and engaged on for
strengthened working outputs strategically. Cloud computing towards proper competitive
engagement enhances vision, for company to optimise best scale growth for higher productive
outputs. It is costly investment for company to build up, as new extended competent focus has to
be evolved on. The implementation of cloud computing , has to be done strategically where this
hampers longer scale vision towards determined competencies for extensive scale within
performance. The practical role of cloud computing is also practically connected to diversify new
technology initiatives , strengthen up new resources and practical fundamental usage within
longer time frame.
3

Cloud storage focuses on purchases storage to be done in accessible format, where recovery of
data is also done informatively. The syncing and updating can be done for faster competitive
engagement, and digital transformation towards extended business grounds based on larger scale
functional efficacy parameters. Advantages of cloud storage, plays keen role to develop extended
improvement for larger competitive engagement. The disadvantages within application are that
account leakage and hijacking operations, can be done which also specifically plays keen role.
Insecure interfaces and denial of service attacks, are also some disadvantages within application
for gaining extensive practical application. Cloud storage, is also used to further primitively
strengthen up procedures severely for extended scale improvement. The cloud storage specifies
that major competent knowledge have to be worked on for improvising longer scale working
improvement. There has to be also derived competent engagement worked on, for technical
specific profound expansion and gaining larger scale engagement. Role of cloud storage , is also
correlated to develop timely expansion rapidly and generate best quality output for
strengthening best technical vision rapidly. Cloud storage, is also essentially crucial to
strengthen up wide scale expansion of best business standards and generate competitive
engagement based on wider scale productive scenarios. It signifies that management, is able to
serve better competitive services for engaging towards faster customer satisfaction services and
attain larger scale optimised revenue.
The ecommerce platforms within business grounds are known to be one of the major aspects ,
where engaging towards new diverse goals are connected for improved functional efficacy
(McDonnell and et.al, 2021). There are varied advantages within usage of ecommerce
platforms, where this enhances vision for competent productive goals and expansion. Ecommerce
platforms, are highly competitive for business to engage on variedly based on strengthened vision
towards derived diversification functionally. The disadvantages are that ecommerce platforms are
complicated, highly time taken and risky investments for late business diversification for
extended performance goals. There is stronger new scale investment, where ecommerce
investment is risky to be implemented and also longer productive vision has to be optimised on
for new performance goals. Ecommerce platforms have enabled business to diversify new
platforms, fastened productive goals and operatively expand best products range and services for
attaining effective results. This further integrates professional quality paradigms within longer
time frame and also to bring best quest worked on .
The three best usage of digital platforms are also essential for improvised on engagement, where
there has to be also improvement worked on. It can be also analysed that improved determined
4
data is also done informatively. The syncing and updating can be done for faster competitive
engagement, and digital transformation towards extended business grounds based on larger scale
functional efficacy parameters. Advantages of cloud storage, plays keen role to develop extended
improvement for larger competitive engagement. The disadvantages within application are that
account leakage and hijacking operations, can be done which also specifically plays keen role.
Insecure interfaces and denial of service attacks, are also some disadvantages within application
for gaining extensive practical application. Cloud storage, is also used to further primitively
strengthen up procedures severely for extended scale improvement. The cloud storage specifies
that major competent knowledge have to be worked on for improvising longer scale working
improvement. There has to be also derived competent engagement worked on, for technical
specific profound expansion and gaining larger scale engagement. Role of cloud storage , is also
correlated to develop timely expansion rapidly and generate best quality output for
strengthening best technical vision rapidly. Cloud storage, is also essentially crucial to
strengthen up wide scale expansion of best business standards and generate competitive
engagement based on wider scale productive scenarios. It signifies that management, is able to
serve better competitive services for engaging towards faster customer satisfaction services and
attain larger scale optimised revenue.
The ecommerce platforms within business grounds are known to be one of the major aspects ,
where engaging towards new diverse goals are connected for improved functional efficacy
(McDonnell and et.al, 2021). There are varied advantages within usage of ecommerce
platforms, where this enhances vision for competent productive goals and expansion. Ecommerce
platforms, are highly competitive for business to engage on variedly based on strengthened vision
towards derived diversification functionally. The disadvantages are that ecommerce platforms are
complicated, highly time taken and risky investments for late business diversification for
extended performance goals. There is stronger new scale investment, where ecommerce
investment is risky to be implemented and also longer productive vision has to be optimised on
for new performance goals. Ecommerce platforms have enabled business to diversify new
platforms, fastened productive goals and operatively expand best products range and services for
attaining effective results. This further integrates professional quality paradigms within longer
time frame and also to bring best quest worked on .
The three best usage of digital platforms are also essential for improvised on engagement, where
there has to be also improvement worked on. It can be also analysed that improved determined
4

technical goals worked enhances new higher engagement, as commerce platforms are more
diverse for fastened engagement. Critical analysis, and productive expansion further operatively
enables business goals to be competently utilised on for more strategic growth competencies.
This further also builds up new scope, and generation of informative ideas to be worked on
where digitally ecommerce and faster utilisation of new digital platforms opens up scope for
companies to deliver best targets (Feroz, Khoja and Saleem, 2021).
Privacy and security challenges
In the wake of the current pandemic, most of the organizations adopted new models of
long term remote work. This required them to keep their teams fully distributed. It also included
providing flexibility to the employees to be able to continue work from home. However, this
shift to remote work brought several challenges for the businesses, both large and small. There
was a huge spike in cyber attacks.
Novel challenges to security
Both large and small organizations face the challenge of cyber security. The challenge is
to ensure security of individual homes as well a workplaces and co – working spaces. The use of
mobile devices by the employee may be more frequent. Also, their home workspaces may be
more shared with the family members or roommates (Libicki and Gompert, 2021). This presents
one of the biggest challenges of remote working post pandemic that the organizations lost their
secure premises that used to exist when the employees were working in office. Being in a
controlled office space, all the information is before the eyes of the employers. The cameras and
access and control methods ensure security is maintained. But, this infrastructure is not present in
the work from home environment which presents a big challenge to the organizations.
Another security and privacy challenge which organizations face is related to sensitive
data that could be leaked. When the entire workforce is on work from home, it exacerbates the
infosec risks. When working in office, any conversation that is had in person occurs in secure
environment of the office. But during work from home, these conversations take place through a
video or text chat. This increases the risk of this information being leaked or misused. His is the
challenge that the organizations are facing. Post pandemic, most of the data is now generated in
an environment outside of the traditional and secure work environments. There are challenges
5
diverse for fastened engagement. Critical analysis, and productive expansion further operatively
enables business goals to be competently utilised on for more strategic growth competencies.
This further also builds up new scope, and generation of informative ideas to be worked on
where digitally ecommerce and faster utilisation of new digital platforms opens up scope for
companies to deliver best targets (Feroz, Khoja and Saleem, 2021).
Privacy and security challenges
In the wake of the current pandemic, most of the organizations adopted new models of
long term remote work. This required them to keep their teams fully distributed. It also included
providing flexibility to the employees to be able to continue work from home. However, this
shift to remote work brought several challenges for the businesses, both large and small. There
was a huge spike in cyber attacks.
Novel challenges to security
Both large and small organizations face the challenge of cyber security. The challenge is
to ensure security of individual homes as well a workplaces and co – working spaces. The use of
mobile devices by the employee may be more frequent. Also, their home workspaces may be
more shared with the family members or roommates (Libicki and Gompert, 2021). This presents
one of the biggest challenges of remote working post pandemic that the organizations lost their
secure premises that used to exist when the employees were working in office. Being in a
controlled office space, all the information is before the eyes of the employers. The cameras and
access and control methods ensure security is maintained. But, this infrastructure is not present in
the work from home environment which presents a big challenge to the organizations.
Another security and privacy challenge which organizations face is related to sensitive
data that could be leaked. When the entire workforce is on work from home, it exacerbates the
infosec risks. When working in office, any conversation that is had in person occurs in secure
environment of the office. But during work from home, these conversations take place through a
video or text chat. This increases the risk of this information being leaked or misused. His is the
challenge that the organizations are facing. Post pandemic, most of the data is now generated in
an environment outside of the traditional and secure work environments. There are challenges
5
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related to safe user and data access (Gompert and Libicki, 2021). Moreover, as the volumes of
data involved are large, it even presents a bigger challenge to protect sensitive information.
Privacy issues have also started to sprout up when the organizations have begun to use
surveillance using thermal cameras as well as face recognition technology as they are preparing
to work according to the normal working patterns. This is another challenge that the
organizations need to consider post pandemic when they resume work from office.
Dependence on other parties also present challenges related to security and privacy. The
organizations work in an ecosystem through connected devices. As there are few technology
providers globally, the cyber criminals get more entry points throughout the digital supply chain.
Hence, sensitivity of supply chain issues and dependence on the IT services providers have been
reasons behind recent attacks (Srinivasan and Eden, 2021). Further, lack of cyber security
expertise is also an issue that leads to facing data security and privacy challenges.
Possible measures to tackle security and privacy challenges
Investment in privacy – conscious tooling
The first step that organizations can take is to opt for that software that are designed with
data sovereignty so that the remote work places are secure. As the teams depend more on the
communication and collaboration tools, it is important for the employers to me conscious and
careful about the tools that are being used. This will ensure that the potential weak points can be
evaluated and they have information about where the sensitive data may end up (Vijaykar and
Karhade, 2021). The organizations can also ensure to use end – to – end encrypted chats to share
sensitive information.
Creating a cultural shift towards security
The challenge of security and privacy can be tackled if the organizations adopt a
companywide culture of embracing best security practices. This requires breaking the bad
security habits of employees (Pandit, Kothari and Neuman, 2020). For this, the organizations can
take steps to ensure that every employee is security literate before making remote work as the
norm. A culture change consists of making the workforce understand how their actions could
impact organizational security. This will ensure that the employees are better equipped to help
prevent any type of security breaches.
6
data involved are large, it even presents a bigger challenge to protect sensitive information.
Privacy issues have also started to sprout up when the organizations have begun to use
surveillance using thermal cameras as well as face recognition technology as they are preparing
to work according to the normal working patterns. This is another challenge that the
organizations need to consider post pandemic when they resume work from office.
Dependence on other parties also present challenges related to security and privacy. The
organizations work in an ecosystem through connected devices. As there are few technology
providers globally, the cyber criminals get more entry points throughout the digital supply chain.
Hence, sensitivity of supply chain issues and dependence on the IT services providers have been
reasons behind recent attacks (Srinivasan and Eden, 2021). Further, lack of cyber security
expertise is also an issue that leads to facing data security and privacy challenges.
Possible measures to tackle security and privacy challenges
Investment in privacy – conscious tooling
The first step that organizations can take is to opt for that software that are designed with
data sovereignty so that the remote work places are secure. As the teams depend more on the
communication and collaboration tools, it is important for the employers to me conscious and
careful about the tools that are being used. This will ensure that the potential weak points can be
evaluated and they have information about where the sensitive data may end up (Vijaykar and
Karhade, 2021). The organizations can also ensure to use end – to – end encrypted chats to share
sensitive information.
Creating a cultural shift towards security
The challenge of security and privacy can be tackled if the organizations adopt a
companywide culture of embracing best security practices. This requires breaking the bad
security habits of employees (Pandit, Kothari and Neuman, 2020). For this, the organizations can
take steps to ensure that every employee is security literate before making remote work as the
norm. A culture change consists of making the workforce understand how their actions could
impact organizational security. This will ensure that the employees are better equipped to help
prevent any type of security breaches.
6

Adopting Strategic workforce security
A deliberate approach can be taken by the organizations to formulate a strategic cyber
security plan (Okereafor, 2021). This can include adopting a zero trust methodology and incident
response plans.
Crypto currency for business
In recent times, the Bitcoin and other digital assets are being used by the companies for
operational, transactional and investment purposes.
Importance
Access to new demographic group
By using crypto currency, the businesses may have access to new demographic groups.
This is because the users of crypto currency represent a group of more cutting edge clientele that
values transparency in the business transactions (Lee, 2019). It has also been found that 40
percent of the customers of an organization who pay using crypto are new customers. Also, it is
worth noting that the purchase amounts of these customers are twice as compared to those who
make use of credit cards.
Promotes internal awareness
Use of crypto currency is important for business as it helps in raising internal awareness
within the organization regarding this new technology. With this, the company can better
position itself in the emerging space. Crypto currency can also enable the organizations to access
new capital and liquidity pools. This can be done by making use of traditional investments that
have been tokenized (Arias-Oliva and et.al., 2019). It can also provide the organization an access
to new asset classes. Also, majorly, the important clients and vendors of companies want to
engage using crypto currency. Therefore, it is important for the businesses to position itself for
receiving and disbursing crypt so that smooth exchanges can be ensured with key stakeholders.
New avenue
With crypto currency, the organization gets a new avenue using which it can enhance
more traditional treasury activities. It can include simple and real time money transfers which are
secure. Further, it also helps the organization to strengthen control over the capital. Furthermore,
with crypto current, the business can efficiently manage risks as well as opportunities of
engaging in digital investments (Mikhaylov, Danish and Senjyu, 2021).
7
A deliberate approach can be taken by the organizations to formulate a strategic cyber
security plan (Okereafor, 2021). This can include adopting a zero trust methodology and incident
response plans.
Crypto currency for business
In recent times, the Bitcoin and other digital assets are being used by the companies for
operational, transactional and investment purposes.
Importance
Access to new demographic group
By using crypto currency, the businesses may have access to new demographic groups.
This is because the users of crypto currency represent a group of more cutting edge clientele that
values transparency in the business transactions (Lee, 2019). It has also been found that 40
percent of the customers of an organization who pay using crypto are new customers. Also, it is
worth noting that the purchase amounts of these customers are twice as compared to those who
make use of credit cards.
Promotes internal awareness
Use of crypto currency is important for business as it helps in raising internal awareness
within the organization regarding this new technology. With this, the company can better
position itself in the emerging space. Crypto currency can also enable the organizations to access
new capital and liquidity pools. This can be done by making use of traditional investments that
have been tokenized (Arias-Oliva and et.al., 2019). It can also provide the organization an access
to new asset classes. Also, majorly, the important clients and vendors of companies want to
engage using crypto currency. Therefore, it is important for the businesses to position itself for
receiving and disbursing crypt so that smooth exchanges can be ensured with key stakeholders.
New avenue
With crypto currency, the organization gets a new avenue using which it can enhance
more traditional treasury activities. It can include simple and real time money transfers which are
secure. Further, it also helps the organization to strengthen control over the capital. Furthermore,
with crypto current, the business can efficiently manage risks as well as opportunities of
engaging in digital investments (Mikhaylov, Danish and Senjyu, 2021).
7

Facility of instant payments
Crypto currency is important for businesses as it provides the facility for instant
payments. While credit cards can take days or even weeks to pay, instant transfers can be
fostered through the use of crypto currency thus avoiding delays.
Reduced barriers
Crypto currency provides the advantage of making international trade more accessible.
This is because it removes the barrier and restrictions to trade (Choi, 2021). Thus it becomes
easier for the businesses to accept payments in different currencies. This proves the importance
of crypto currency for businesses.
Competitive advantage
If an organization is an early adopter of crypto currency, it can gain competitive
advantage over other firms. In this way, crypto currency assists the businesses to stay ahead of
their competition.
Secure transaction
Crypto current provides a medium for undertaken safe and secure financial transactions
which is important for both the customers as well as for businesses. The wallet feature provides
enhanced security to the businesses. These possess the unique information which identifies the
temporary owner of their units. In this way, wallets help in reducing the risk or theft of units
which are in storage.
Decentralization
This feature provided by crypto currencies is lucrative to the businesses. This means that
crypto currencies are not subservient to any time of government (Lee and Low, 2018). No one
can have ownership over it. Due to this, organizations get a reliable means of exchanging those
units on which none of the banks have direct control. This is the benefit that businesses obtain by
using crypto currency. It provides them a freedom for conducting businesses without being
concerned about the regulations of other countries.
Opinion on use of Bitcoin
Bitcoin provides a lower transaction fees as compared to credit cards. Also, in the
situations when crypto currency is mot exchanged, the need for bank charges is also eliminated.
Bitcoin may be beneficial for the business as it helps in reducing frauds. This is because, when a
8
Crypto currency is important for businesses as it provides the facility for instant
payments. While credit cards can take days or even weeks to pay, instant transfers can be
fostered through the use of crypto currency thus avoiding delays.
Reduced barriers
Crypto currency provides the advantage of making international trade more accessible.
This is because it removes the barrier and restrictions to trade (Choi, 2021). Thus it becomes
easier for the businesses to accept payments in different currencies. This proves the importance
of crypto currency for businesses.
Competitive advantage
If an organization is an early adopter of crypto currency, it can gain competitive
advantage over other firms. In this way, crypto currency assists the businesses to stay ahead of
their competition.
Secure transaction
Crypto current provides a medium for undertaken safe and secure financial transactions
which is important for both the customers as well as for businesses. The wallet feature provides
enhanced security to the businesses. These possess the unique information which identifies the
temporary owner of their units. In this way, wallets help in reducing the risk or theft of units
which are in storage.
Decentralization
This feature provided by crypto currencies is lucrative to the businesses. This means that
crypto currencies are not subservient to any time of government (Lee and Low, 2018). No one
can have ownership over it. Due to this, organizations get a reliable means of exchanging those
units on which none of the banks have direct control. This is the benefit that businesses obtain by
using crypto currency. It provides them a freedom for conducting businesses without being
concerned about the regulations of other countries.
Opinion on use of Bitcoin
Bitcoin provides a lower transaction fees as compared to credit cards. Also, in the
situations when crypto currency is mot exchanged, the need for bank charges is also eliminated.
Bitcoin may be beneficial for the business as it helps in reducing frauds. This is because, when a
8
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payment is made with bitcoin, it cannot be reversed (Söylemez, 2019). This is different as
compared to credit card payments because these can be reversed with the use of chargeback. It is
this feature which is generally used by fraudsters for exploiting individuals. Therefore, Bitcoin
can ensure safe transactions and protection from frauds.
CONCLUSION
Collaboration has become significantly important in recent times. During pandemic, it
has gained even more importance than before. Microsoft teams and Google Keep are the
collaborative tools that organizations use. With the global pandemic emerging, organizations
adopted the culture of work from home which raised several privacy and security challenges.
Organizations could not work in their secured premises and there is increased use of mobile
devices which present data security challenges. Data privacy challenges are also presented before
employers as the workspaces of the employees are now shared with their family members and
roommates. The organizations can invest in privacy conscious tooling and create a cultural shift
towards security for tackling these problems. Crypto currency is important for business as it
provides access to new customer group, facility of instant payments and competitive advantage
to the businesses. It also provides the benefit of decentralization ad secure transactions.
9
compared to credit card payments because these can be reversed with the use of chargeback. It is
this feature which is generally used by fraudsters for exploiting individuals. Therefore, Bitcoin
can ensure safe transactions and protection from frauds.
CONCLUSION
Collaboration has become significantly important in recent times. During pandemic, it
has gained even more importance than before. Microsoft teams and Google Keep are the
collaborative tools that organizations use. With the global pandemic emerging, organizations
adopted the culture of work from home which raised several privacy and security challenges.
Organizations could not work in their secured premises and there is increased use of mobile
devices which present data security challenges. Data privacy challenges are also presented before
employers as the workspaces of the employees are now shared with their family members and
roommates. The organizations can invest in privacy conscious tooling and create a cultural shift
towards security for tackling these problems. Crypto currency is important for business as it
provides access to new customer group, facility of instant payments and competitive advantage
to the businesses. It also provides the benefit of decentralization ad secure transactions.
9

REFERENCES
Journals and Books
Arias-Oliva, M. and et.al., 2019. Variables influencing cryptocurrency use: a technology
acceptance model in Spain. Frontiers in Psychology, 10, p.475.
Choi, T.M., 2021. Creating all-win by blockchain technology in supply chains: Impacts of
agents’ risk attitudes towards cryptocurrency. Journal of the Operational
Research Society, 72(11), pp.2580-2595.
Cooper, R.G., 2021. Accelerating innovation: Some lessons from the pandemic. Journal of
Product Innovation Management, 38(2), pp.221-232.
Daniela, L., Rubene, Z. and Rūdolfa, A., 2021. Parents’ Perspectives on Remote Learning in the
Pandemic Context. Sustainability, 13(7), p.3640.
Feroz, A.S., Khoja, A. and Saleem, S., 2021. Equipping community health workers with digital
tools for pandemic response in LMICs. Archives of Public Health, 79(1), pp.1-4.
Gompert, D.C. and Libicki, M., 2021. Towards a Quantum Internet: Post-pandemic Cyber
Security in a Post-digital World. Survival, 63(1), pp.113-124.
Lee, D.K.C. and Low, L., 2018. Inclusive fintech: blockchain, cryptocurrency and ICO. World
Scientific.
Lee, J.Y., 2019. A decentralized token economy: How blockchain and cryptocurrency can
revolutionize business. Business Horizons, 62(6), pp.773-784.
Libicki, M.C. and Gompert, D., 2021, May. Quantum Communication for Post-Pandemic
Cybersecurity. In 2021 13th International Conference on Cyber Conflict
(CyCon) (pp. 371-386). IEEE.
McDonnell, A., and et.al, 2021. Leveraging digital tools to support recovery from substance use
disorder during the COVID-19 pandemic response. Journal of Substance Abuse
Treatment, 124, p.108226.
Mikhaylov, A., Danish, M.S.S. and Senjyu, T., 2021. A New Stage in the Evolution of
Cryptocurrency Markets: Analysis by Hurst Method. In Strategic Outlook in
Business and Finance Innovation: Multidimensional Policies for Emerging
Economies. Emerald Publishing Limited.
Okereafor, K., 2021. Cybersecurity in the COVID-19 Pandemic. CRC Press.
Pandit, C., Kothari, H. and Neuman, C., 2020, November. Privacy in time of a pandemic. In
2020 13th CMI Conference on Cybersecurity and Privacy (CMI)-Digital
Transformation-Potentials and Challenges (51275) (pp. 1-6). IEEE.
Söylemez, Y., 2019. Cryptocurrency derivatives: The case of bitcoin. In Blockchain Economics
and Financial Market Innovation (pp. 515-530). Springer, Cham.
Srinivasan, N. and Eden, L., 2021. Going digital multinationals: Navigating economic and social
imperatives in a post-pandemic world. Journal of International Business Policy,
pp.1-16.
Vijaykar, S. and Karhade, P., 2021. Remote Virtual Workplaces in the Pandemic: The Case of
IT-enabled Service Leadership. In Pacific Asia Conference on Information
Systems.
10
Journals and Books
Arias-Oliva, M. and et.al., 2019. Variables influencing cryptocurrency use: a technology
acceptance model in Spain. Frontiers in Psychology, 10, p.475.
Choi, T.M., 2021. Creating all-win by blockchain technology in supply chains: Impacts of
agents’ risk attitudes towards cryptocurrency. Journal of the Operational
Research Society, 72(11), pp.2580-2595.
Cooper, R.G., 2021. Accelerating innovation: Some lessons from the pandemic. Journal of
Product Innovation Management, 38(2), pp.221-232.
Daniela, L., Rubene, Z. and Rūdolfa, A., 2021. Parents’ Perspectives on Remote Learning in the
Pandemic Context. Sustainability, 13(7), p.3640.
Feroz, A.S., Khoja, A. and Saleem, S., 2021. Equipping community health workers with digital
tools for pandemic response in LMICs. Archives of Public Health, 79(1), pp.1-4.
Gompert, D.C. and Libicki, M., 2021. Towards a Quantum Internet: Post-pandemic Cyber
Security in a Post-digital World. Survival, 63(1), pp.113-124.
Lee, D.K.C. and Low, L., 2018. Inclusive fintech: blockchain, cryptocurrency and ICO. World
Scientific.
Lee, J.Y., 2019. A decentralized token economy: How blockchain and cryptocurrency can
revolutionize business. Business Horizons, 62(6), pp.773-784.
Libicki, M.C. and Gompert, D., 2021, May. Quantum Communication for Post-Pandemic
Cybersecurity. In 2021 13th International Conference on Cyber Conflict
(CyCon) (pp. 371-386). IEEE.
McDonnell, A., and et.al, 2021. Leveraging digital tools to support recovery from substance use
disorder during the COVID-19 pandemic response. Journal of Substance Abuse
Treatment, 124, p.108226.
Mikhaylov, A., Danish, M.S.S. and Senjyu, T., 2021. A New Stage in the Evolution of
Cryptocurrency Markets: Analysis by Hurst Method. In Strategic Outlook in
Business and Finance Innovation: Multidimensional Policies for Emerging
Economies. Emerald Publishing Limited.
Okereafor, K., 2021. Cybersecurity in the COVID-19 Pandemic. CRC Press.
Pandit, C., Kothari, H. and Neuman, C., 2020, November. Privacy in time of a pandemic. In
2020 13th CMI Conference on Cybersecurity and Privacy (CMI)-Digital
Transformation-Potentials and Challenges (51275) (pp. 1-6). IEEE.
Söylemez, Y., 2019. Cryptocurrency derivatives: The case of bitcoin. In Blockchain Economics
and Financial Market Innovation (pp. 515-530). Springer, Cham.
Srinivasan, N. and Eden, L., 2021. Going digital multinationals: Navigating economic and social
imperatives in a post-pandemic world. Journal of International Business Policy,
pp.1-16.
Vijaykar, S. and Karhade, P., 2021. Remote Virtual Workplaces in the Pandemic: The Case of
IT-enabled Service Leadership. In Pacific Asia Conference on Information
Systems.
10

Wirtz, B. W., Müller, W. M. and Weyerer, J.C., 2021. Digital pandemic response systems: a
strategic management framework against Covid-19. International Journal of
Public Administration, 44(11-12), pp.896-906.
11
strategic management framework against Covid-19. International Journal of
Public Administration, 44(11-12), pp.896-906.
11
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