Sprint LTE 2:08 PM . bb.snhu.edu 39 Learning the terms, acronyms, and technologi
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Sprint LTE 2:08 PM . bb.snhu.edu 39 Learning the terms, acronyms, and technologies of your business is imperative when trying to understand how technology can help your business. In this discussion, we will examine these technologies, terms, and organizational strategies. The role of the business analyst or systems analyst is to help develop the systems that will solve problems using the business needs or requirements gathered from employees at various levels. As an informed user, you should understand the value that these systems bring to an organization, including staying up-to-date on the latest technologies, and making informed decisions on new and improved technologies so management and the business/systems analysts can understand business needs/requirements. In the Wiley resource, read the closing case "IBM's Watson" in the Summary and Closing section of Chapter 2. After reading the case study and completing additional independent research, address the following e What is the role of technology in business? Provide an example (or examples) of a technology from the glossary being used in business. Respond to two of your peers'initial posts and consider the following e What are some strategic advantages that the technology described by your peers can provide to a business? e Provide examples of companies using the same technology, and explain how they use it to gaina competitive advantage. Post the URL of the company you use Displaying 1 to 3 of 3 items ShowExplanation / Answer
ROLE OF TECHNOLOGY IN BUSINESS
Technology in business is a growing necessity. As the years go by, the business world is leaning more and more toward it, making it almost impossible to separate the two from each other. Innovation breeds business, and since technology paves the way for it, it can be gathered here that business needs technology to be sustained.
Business has always existed since the early times of man. Even though it only began with the simplistic barter system, business would not be the same as it is today without the advancements in technology. All the major industries would fall into a catastrophic collapse if one were to take away technology from business, since majority of business operations and transactions somehow involve the use of technology.
Some of actions of technology in business include accounting systems, management information systems, point of sales systems, and other simpler or more complicated tools. Even the calculator is a product of technology. It is indeed unfathomable to summon the idea of going back to the days where everything was done manually, which basically means starting all over again from scratch.
Technology in business made it possible to have a wider reach in the global market. The basic example is the Internet, which is now a common marketing tool to attract more consumers in availing products and services offered by various businesses.
Strategic advantage of technology in business
Examples like Amazon prime, UberEATS, Jimmy John's are using technologies as discussed above.
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