Exploring New Technology Trends and Their Impact on Management

This report examines the impact of emerging technologies on modern management practices. It begins by introducing the concept of management and highlighting the rapid pace of technological advancement. The report then details key technology trends such as Artificial Intelligence (AI) and Machine Learning, Robotic Process Automation (RPA), Edge Computing, Quantum Computing, Virtual and Augmented Reality, Blockchain, and the Internet of Things (IoT). For each trend, the report explains its functionality and relevance to management. Furthermore, it explores the advantages and disadvantages of these technologies, including improved time management, enhanced data analysis, cost implications, security concerns, and potential for increased interruptions. The report concludes by emphasizing the transformative role of technology in shaping management activities across individuals, organizations, and society.

New trends in
Management

Contents
• Introduction
• The main technology trends in Management
• Impacts of technology Trends in management
• Conclusion
• References

Introduction
Management refers to the process of planning, organising, staffing, directing,
controlling, coordinating, analysing, reporting and budgeting the activities in the
context of individuals, organisations and society. The technological advancement
across the globe has evolved at a rapid rate in today's world of science. The
technological trends in management are the main reason for evolving management
activities of an individual, organisation and society. The report will explain
various technology trends that affect the management activities of the
organisation, individuals and society. It will explain positive and negative impacts
of technology trends in management.

The Main Technology Trends in Management
Technology is rapidly evolving these days, due to the fast rate of development
activities that has also resulted in faster acceleration of management activities.
Technology these days is rapidly evolving, taking into consideration fast trade and
development, resulting in faster acceleration.

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Artificial Intelligence (AI) and Machine Learning: Artificial Intelligence, or
AI, has already won a whole lot of buzz over the past decade, but it is still one of
the most recent technologies due to its extremely good results on the way we live,
performance and play important role in managing activities at various
organisations.

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Robotic Process
Automation (RPA):
Technologies like
artificial intelligence
and machine learning,
robotic process
automation, or RPA
play their very own part
in the management
activities of individuals,
companies and
societies.

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Edge Computing: On account that the
arrival of latest browsing technologies,
cloud computing has turn out to be not
unusual and the market is dominated
via main players in Amazon Web
Services (AWS), Microsoft Azure, and
Google Cloud Platform.
Quantum Computing: The following
primary rate era fashion is quantum
computing, which is a type of device
that uses quantum occasions such as
superposition and quantum
entanglement.

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Virtual Reality and Augmented Reality: Virtual Reality (VR), Augmented
Reality (AR), and Extended reality (ER) are the following unique generation
fields. VR immerses the consumers in an area, at the same time as AR enhances
the person's enjoyment that is the way to handle and manage the consumers,
suppliers, societies and businesses.

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Block-chain: Although many people think of block-chain generation associated
with cryptocurrencies like Bitcoin, block-chain offers wireless security in many
other ways. In short, the block-chain may not be Wi-Fi, wireless as the numbers
can be better added and removable or mod wireless. Therefore, the term "chain" is
associated with the robustness and speed of data. Protected ancient block-chains
cannot be changed and relatively required less technology.

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Internet of Things (IoT): Another
promising new generation fashion is
IoT. Many "objects" are currently built
on a network, as a way to connect to the
net, and so on.
5G Spectrum: The next generation
trend to follow IoT is 5G. 3G and 4G
technologies have allowed us to
navigate the net.

Impacts of Technology Trends in Management


Advantages Disadvantages
 The technology has helped to
manage the time effectively in
every context including the people,
organisation and society.
 Technology trends have given the
boosts to the advancement of
processes within the organisation
and improved management
activities.
 The main drawback of technology
trends in the management is the
dependency and negative or overuse
of technology by the people,
organisations and society can lead to
devastating and degrading activities
in terms of physical health, mental
fitness, psychological health, etc.

Impacts of Technology Trends in Management


Advantages Disadvantages
• Technology trends have helped in
managing the payments and fund
transfer by the organisations,
people and societies from anywhere
and to anyone.
• Technology trends have supported
and facilitated the flow of
information among the businesses,
people and societies that has helped
to manage the activities in
synchronization to the needs.
• The Use of technology is highly
expensive that leads to the increasing
costs on people, organisations and
societies that will require more
investment and financing activities at
all levels.
• The lack of security is another
negative point that may affect or
entirely diminish the capability of
people, organisations and societies to
use technology for personal good.