BTEC HNC Business Project: Impact of Technology on Business

This project, titled "The Impact of Technology on Business Activities", analyzes how digital technology has transformed business operations. It includes an introduction, data interpretation, recommendations, and a conclusion. The data interpretation section presents findings on the positive influence of digital technologies, their support for various departments like HR and marketing, long-term benefits, and their role in driving growth and innovation. The project also addresses limitations such as cybercrime risks. The recommendation section emphasizes the importance of digital technologies for small businesses. The conclusion summarizes that digitalization supports small businesses in competing in the market, providing opportunities for innovation and improving performance. References from various sources are included to support the findings.

Managing A Successful Business
Project

Table of Content
 Introduction
 Data Interpretation
 Recommendation
 Conclusion

Introduction
Digital technology has modification the ways a business
organisation conduct their operations. In the recent market,
activities of business has been drastically transformed and
traditional models of business. This has supported an organisation
with wealth of opportunities to develop and evolve within the
market. This has influenced numerous business activities such as
communication, management, production, distribution and
storage leading to enhanced diverse portfolio of products

Data Interpretation
Theme 1: Digital technologies influence business positively
a) Negative b) positive
0
2
4
6
8
10
12
14
16
5
15
Frequency

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Theme 2: Digitalisation support HR, marketing, accounting etc.
Human resource department Production department Accounting
0
2
4
6
8
10
12
5
10
5
Column G

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Theme 3: Digitalisation cater long term benefits
Yes No
0
2
4
6
8
10
12
14
16
15
5
Column G

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Theme 4: Digital technology support growth & innovation
a) Yes b) No
0
2
4
6
8
10
12
12
8
Series1

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Theme 5: Digitalisation has carried out revolutionary changes in
business
a) Yes b) No
0
2
4
6
8
10
12
14
14
6 Series1

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Theme 6: Digitalisation contains certain limitations
a) Risk of data hacking and leveraging
b) Cyber crime
0 2 4 6 8 10 12
12
8
Series1
a) Risk of data hacking and leveraging
b) Cyber crime
0 2 4 6 8 10 12
12
8
Series1

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Theme 7: Business has been supported by digitalisation
10
5
5
a) Positive
b) Negative
c) Neutral
10
5
5
a) Positive
b) Negative
c) Neutral

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Theme 8: Digital technologies keep varying
a) Artificial Intelligence b) Cloud technology
0
1
2
3
4
5
6
7
8
9
10
10 10
Series1

Recommendation
Digital technologies has carried out various changes that has
drastically altered the way of working and functioning business
activities. Employee has evaluated several ways by which
organisation can achieve their target. As ENGEO has been
working from decades in the industry which still is considered as
small business organisations.