Emerging technologies

UNDERSTANDING THE DIFFERENT CONCEPTS AND NEW TRENDS IN

BUSINESS AND INFORMATION TECHNOLOGY

EMERGING TECHNOLOGIES

EMERGING…2

to come into existence; develop

to rise, as from an inferior or unfortunate state or condition

TECHNOLOGY3

The word technology refers to the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, and methods of organization

Why Use Technology4

To solve a problem

To improve a preexisting solution to a problem

To achieve a goal

Why Use Technology5

To handle an applied input/output relation

To perform a specific function

Technological Advancement6

It changed the way people lived and worked

The increase in technology to move things(steam engine) and make things (weavecotton) made cottage industry inefficient.Inventors - invented advanced machines tomake production of goods quicker andeasier. Steam power transformed both farmproduction and the transportation system

Technological Advancement7

The development of tools to makeworking easier and changes in waysof governing and living togetherthat create social order andeconomic prosperity

Technological advancement is responsible for many changes as well in

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World population

Life expectance

Education levels

Material standards of living

The nature of work

Technological advancement is responsible for many changes as well in

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Communication

Healthcare

War

The effects of human activities on the natural environment.

Society

Emerging Technologies10

Emerging technologies are contemporary(modern) advances and innovation (improvement) in various fields of technology.


These are the new ideas, materials or processes for the design and technology process


Technology based on new ideas that are in development and testing to determine or settle on if they produce the results for which they are intended, proposed or planned


Various converging (joining) technologies have emerged (become known) in the technological convergence (union) of different systems evolving towards similar goals


Convergence - The state of separate elements joining or coming together

AN INTRODUCTION TO AN EMERGING TECHNOLOGY IN

BUSINESS AND INFORMATION TECHNOLOGY

THE ELECTRONIC BUSINESS AS AN EMERGING

TECHNOLOGY

INTRODUCTION16

It is widely acknowledge today that new technologies, in particular access to the Internet tend to modify communication between the different players in the professional world, notably:

INTRODUCTION17

Relationship between the enterprise and its clients

The internal functioning of the enterprise, including enterprise-employee relationships

The relationship of the enterprise with its different partners and suppliers

E-Business18

Refers to the integration or incorporationwithin the company, of tools based oninformation and communicationtechnologies (generally referred to asbusiness software) to improve theirfunctioning in order to create value for theenterprise (venture/project); its clients andits partners

E-Commerce19

The term E-Commerce (also calledElectronic Commerce) which isfrequently mixed up with the term E-Business, as a matter of fact, onlycovers one aspect of E-Business, i.e theuse of an electronic support for thecommercial relationship between acompany and individuals

CREATION OF VALUE20

The goal of any e-Business project is to create value. Value can be created in different manners:

As a result of an increase in margins, i.e. a reduction in production costs or an increase in profits. E-Business makes it possible to achieve this in a number of different ways: Positioning on new markets

Increasing the quality of products or services

Prospecting new clients

Increasing customer loyalty

Increasing the efficiency of internal functioning

CREATION OF VALUE21

As a result of increased staff motivation. The transition from a traditional activity to an e-Business activity ideally makes it possible to motivate associates to the extent that:

The overall strategy is more visible for the employees and favors a common culture

The mode of functioning implies that the players assume responsibilities

Teamwork favors improvement of competences

CREATION OF VALUE22

As a result of customer satisfaction. As a matter of fact, e-Business favors:

a drop in prices in connection with an increase in productivity

improved listening to clients

products and services that are suitable for the clients' needs

a mode of functioning that is transparent for the user

E-BUSINESS23

An e-Business project can therefore only work as soon as it adds value to the company, but also to its staff, its clients, and partners

Emerging technologies

Business

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