In this essay you will need to demonstrate the understanding you gained in this unit of study regarding the implications of digital technology in business. The implications of digital technology in business

The impact of digital technology on the economy

Thanks to digital technology, advanced data collection and data analysis are now possible. Production is largely influenced by the ability to collect data such as B. the search history of future customers. Because by having access to such data, companies can better serve their customers (Ritter & Pedersen, 2020). The use of technology accelerates and improves the performance of many business processes, including marketing, advertising, sales and accounting. Today, many business components require the use of technology, from internal operations to the external output of activities, from small processes to major activities (Howell et al., 2018). For the most part, technological advancements have accelerated work processes and provided important information organization systems. However, technology can also have a negative impact on business, dehumanizing communication and fostering false perceptions of knowledge. Costs can be reduced, processes streamlined and productivity increased. E-commerce, marketing strategies, the push for globalization, job insecurity, and job design are some of the major impacts of information technology on business. continue…