Business
Digital Technology
Digital technology refers to the use of digital systems, tools, and processes to create, store, and manage data and information. It encompasses a wide range of technologies such as computers, software, internet, and mobile devices, which enable businesses to streamline operations, improve efficiency, and reach customers through digital channels. Embracing digital technology is essential for staying competitive and adapting to the evolving business landscape.
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4 Key excerpts on "Digital Technology"
eBook - PDFCompeting with IT
Leading a Digital Business
- Colin Ashurst(Author)
- 2017(Publication Date)
- Red Globe Press(Publisher)
CHAPTER 11 EXPLORING THE DIGITAL BUSINESS IN THIS CHAPTER WE STUDY: ■ the growing role of IT, which means that every business is a digital business; ■ important areas of digital business strategy and trends creating new business opportunities; ■ the importance of social business and the power of collaboration and co-creation within and beyond the enterprise. 294 CHAPTER 11 – EXPLORING THE DIGITAL BUSINESS EVOLUTION OF THE DIGITAL BUSINESS The history of information and information systems in organizations begins with people working together, not with the use of computers and data-processing, or information technology, as we refer to it now (Checkland and Holwell, 1999). Information has been stored and shared using clay tablets, paper and various other ‘technologies’. It is a vital reminder to keep people and the use of information at the centre of our thinking, not the technology itself. The use of IT in business gained momentum during the 1970s as most medium-size and large organizations used IT for some aspects of business processes. Typical starting-points were often financial processes, including pur-chasing, payroll and general ledger. Manufacturing became a second area of automation, often using very different technologies. Technology development continued with the introduction and adoption of the PC in the 1980s, followed later by the mouse and the graphical interface and then the Internet in the late 1990s. Over this period we have seen the coming together of a range of trends that have changed how we live and how we work. In the 21st century it seems fairly safe to say that every business is a digital business. The impact of the PC, Internet and mobile technologies, to name just three of many innovations, has been radical. Among the many winners and losers, enormous value has been created. Critically, many organizations have a long way to go to make effective use of existing technologies.
- Akansha Singh(Author)
- 2019(Publication Date)
- Society Publishing(Publisher)
Digital Technologies for Agricultural and Rural Development 4 Digital defines electronic technology that produces, stores, and processes data in terms of two states. The one is positive, and the other is non-positive. Positive is spoken or represented by the number 1, and on the other hand day, the non-positive is represented by the number 0. Therefore, the information that is communicated or stored with Digital Technology is spoken or represented as a string of 0’s and 1’s. Each of these state digits is stated to as a bit (and a string of bits that a computer can address individually as a group is a byte). In prior to Digital Technology, electronic transmission was restricted only to analog technology. This technology carries the data as electronic signals, which is of varying frequency or amplitude that are then added to carrier waves of a certain frequency. It is to be noted that the broadcast and phone transmission has conventionally used analog technology. Digital Technology is mostly used with innovative physical communications media. These new physical communication media are like the satellite and fiber optic transmission. A modem is a device that is used to change the digital information that is stored in the computer to analog signals for the phone line and to further change the analog phone signals to digital information, which is understandable, by the computer. 1.2. THE IMPORTANCE OF Digital Technology IN LIFE There is no one all over the world who can escape from the complete requirement of technology in day-to-day life. Each one of the people in the world is so in need of the technology that they cannot do in the absence of technology. Starting from computers to keeping oneself fit, the people are in the need of technology at each and every step. Technologies have helped people all over the work in a number of ways. Even it has made the life of the people easier than before.
eBook - PDFDigital Transformation of Business
Understanding this Phenomenon in the Context of the Automotive Industry
- (Author)
- 2016(Publication Date)
- Cuvillier Verlag(Publisher)
Thus, the two studies reviewed above provide a useful foundation for our study. Nevertheless, more research is needed to better comprehend IT-enabled business transformation at the interorganizational transformation levels of business network redesign and business scope redefinition. 3.2.2 Managerial Challenges in Digital Innovation As indicated by previous studies on the interorganizational change levels of IT-enabled business transformation, the increasing diffusion of digital technologies across industries is ultimately changing our everyday lives (Yoo, 2010). As a result, new kinds of managerial challenges are emerging that require an understanding of the nature of Digital Technology. Digital technologies are described as the combination of information, computing, communication and connectivity technologies, such as cloud computing, data analytics and mobile technologies (Bharadwaj et al., 2013). Digital technologies provide open and flexible environments that allow organizations to break some of the traditional operational constrains, combining previously separated networks and fostering innovation to create new customer experiences, relationships, and organizational forms (Lucas et al., 2013; Yoo et al., 2012). Research on digital innovation has started to shed light on how the use of emergent digital technologies enables organizations to achieve major business improvements, such as creating new business models (Fichman et al., 2014a).
No longer available |Learn moreInformation Economy Report 2017
Digitalization, Trade and Development
- United Nations Conference on Trade and Development (UNCTAD)(Author)
- 2017(Publication Date)
- United Nations Publications(Publisher)
For global manufacturing firms, digitalization is influencing all segments of the supply chain, from inbound logistics and supplier management to internal processes and customer management (UNCTAD, 2017b). The full impact of the digital economy will only be apparent if and when all these features mature, and become integrated and widely used. However, various factors, such as data security risks, data localization pressures, as well as data collection and privacy concerns, may significantly slow down its development. The following subsections examine key technologies that are underpinning the evolving digital economy. They include advanced robotics, artificial intelligence (AI), the Internet of Things (IoT), cloud computing, big data analytics, three-dimensional (3D) printing and electronic payments. While most developing countries are at a very early stage in their use of these technologies, it is important for them to gain a better understanding of their possible implications. Furthermore, several of these technologies are being tapped to support efforts to achieve the SDGs. 1. Advanced robotics Industrial robots have been available for decades, but only recently have they become more sophisticated, agile and flexible. The mass production revolution of the early twentieth century brought in dedicated machines for repeated operations. Over time, the flexibility and speed of industrial robots and computer numerically controlled (CNC) machinery have increased and the costs have declined. Today, machinery can rely on relatively simple algorithms to adjust production processes automatically. With the rise in affordable computing power and the advent of low-cost sensor technology, the collection and sharing of operational data within and even across factories have made “predictive maintenance” possible, thus preventing processing errors or machine breakdowns. As robots become smarter and more agile, the scope for digital automation is enhanced.
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