Examines technological solutions available to modern businesses and identifies problems related to the introduction of this technology.
Written in 2004; 2,900 words; 18 sources; APA; $ 85.95
Paper Summary:
Technology is reshaping the way people live their lives today in profound and sometimes unexpected ways. Indeed, the concept of using something new is always frightening for some people, and even proponents of technological solutions caution that they can actually do more harm than good when they are not used in appropriate and meaningful ways that justify the investment required to apply them in the workplace. Nevertheless, the trend is unmistakable; the spread of technology is growing, and many businesses may "leap before they look" in order to avoid being left behind in the race for success on the Information Highway. In order to achieve the best return on investment in technology, it is important to understand just what it is and how it can help the ordinary individual or business become more successful. To this end, this paper provides an overview of how technological solutions, particularly computers, the Internet, and other information systems technology can be used to help individuals and organizations achieve their goals, while identifying the obstacles and constraints that have been associated with the deployment of new technological solutions by some businesses today. A summary of the research is provided in the conclusion.
From the Paper:
"The technological revolution of businesses has different impacts on different industries as such; each industry has to align its business strategy with the communications technology strategy that fits its needs. In the banking industry the most profound effect is the e-banking or e-commerce banking. For instance, ATM, credit cards, debit cards, smart cards, and on-line lending via the Internet are considered electronic commerce banking. Thus, the reality of these technological innovations in the marketplace and their subsequent implementation in the banking industry require an immediate realignment of banking industry functions in order to remain competitive."
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