Submitted By: Matin. R.

Sandhi
Division: B
Roll No :22085
Topic: impacts of advancement of
technology on management.

Submitted to: Dr. Vilas Kulkarni

Post Graduate Department of Business

management
Sardar Patel University
Year -2022-2024
 Content

1.Introduction
2.How Technology have affected management
jobs
3.How Technology have affected different sector
of management.
4.Marketing.
5.Finance.
6.Human resource management.
7.Operation management.
8.Conclusion
 Introduction

The rise of artificial intelligence (AI) has

certainly disrupted many industries and job
roles, including management. However, it's
important to note that AI is not necessarily a
threat to management jobs, but rather a tool
that can enhance and streamline managerial
tasks.

AI can automate repetitive and time-consuming

tasks, allowing managers to focus on more
strategic and creative responsibilities. For
example, AI-powered software can analyze
large amounts of data and generate insights
that can inform managerial decision-making.
This can lead to better decision-making and
more efficient operations, ultimately benefiting
the company and its employees.
 However, it is also true that some management
tasks, particularly those that are routine and
predictable, can be automated by AI. This may
lead to a reduction in the number of
management positions in some organizations.
Therefore, managers should be prepared to
adapt to the changing landscape by acquiring
new skills that complement and enhance AI
capabilities, such as data analysis and
interpretation, strategic thinking, and
leadership.

 How Technology have affected

management jobs:

Technology has significantly impacted

management jobs by transforming the way
managers plan, organize, lead, and control their
teams and resources. Here are some ways in
which technology has affected management jobs:

Automation of Routine Tasks: Technology has

automated many routine tasks such as data entry,
report generation, and scheduling. This has freed
up managers' time to focus on strategic thinking,
problem-solving, and decision-making.

Remote Collaboration: Technology has enabled

managers to collaborate with team members and
stakeholders in different locations through virtual
communication tools such as video conferencing,
instant messaging, and email. This has made it
easier for managers to manage remote teams and
coordinate projects across different time zones.

Real-time Data Analysis: Technology has made it

possible for managers to collect and analyze data
in real-time, which has improved decision-making
and problem-solving. With the help of tools such
as data analytics, managers can quickly identify
trends, patterns, and insights to make more
informed decisions.

Improved Efficiency: Technology has improved

efficiency in management by streamlining
processes and automating tasks. This has helped
managers save time, reduce errors, and improve
productivity.
Enhanced Communication: Technology has made
it easier for managers to communicate with their
teams and stakeholders. With tools such as email,
messaging, and social media, managers can
quickly share information, provide feedback, and
build relationships with their employees and
customers.

Increased Accessibility: Technology has made

information and resources more accessible to
managers. With cloud-based tools, managers can
access information from anywhere at any time,
which has improved their ability to make
informed decisions and manage their teams
effectively.

Overall, technology has had a significant impact

on management jobs by enabling managers to
work more efficiently, communicate more
effectively, and make better decisions. However,
it has also created new challenges, such as the
need to keep up with technological advancements
 and to ensure that employees are trained to use
new technologies effectively.

 How Technology have affected different

sector of management

1.Marketing:

 Marketing jobs lost due to technological

advancement.

The advent of technology has led to significant

changes in the marketing industry, resulting in the
loss of some traditional marketing jobs. Here are
some examples of marketing jobs that have been
impacted by technology:

Print Advertisers: The rise of digital media has led to

a decline in print advertising, which has affected the
job prospects for print advertisers.
Telemarketers: With the development of email and
other digital communication channels, the demand
for telemarketers has decreased.

Direct Mail Marketers: As more people shift to

online shopping and communication, the demand
for direct mail marketers has declined.

Traditional Marketing Research Analysts: The

growth of big data and advanced analytics has led
to a shift towards digital marketing research, which
has impacted the demand for traditional marketing
research analysts.

TV and Radio Advertisers: While traditional TV and

radio advertising still exists, the rise of online
streaming and other digital channels has led to a
shift in advertising dollars, affecting the job
prospects

 New job opportunities in marketing due to

advancement of technology.
The advancement of technology has had a
significant impact on the field of marketing, creating
new opportunities for professionals with skills in
digital marketing, data analytics, and automation. If
you are interested in pursuing a new job
opportunity in marketing due to advancements in
technology, there are several areas you could
consider:

Digital Marketing: With the rise of digital media,

digital marketing has become a crucial aspect of any
marketing strategy. This includes social media
marketing, search engine optimization (SEO), pay-
per-click advertising (PPC), email marketing, and
more. If you have experience in any of these areas,
you may be well-suited to a digital marketing role.

Data Analytics: With the abundance of data

available through digital channels, data analytics
has become a critical skill for marketers. This
includes analyzing data from websites, social media,
email campaigns, and other digital channels to gain
insights into customer behavior, preferences, and
trends. If you have experience with data analysis,
you may be well-suited to a marketing analytics
role.

Marketing Automation: Marketing automation

platforms have made it easier for marketers to
create and manage campaigns across multiple
channels. This includes automated email campaigns,
social media posting, and other marketing activities
that can be triggered based on customer behavior
or other criteria. If you have experience with
marketing automation platforms such as HubSpot,
Marketo, or Pardot, you may be well-suited to a
marketing automation role.

Content Marketing: As traditional advertising

methods become less effective, content marketing
has become increasingly important. This includes
creating high-quality content such as blog posts,
videos, and infographics that provide value to
potential customers. If you have experience in
content creation, you may be well-suited to a
content marketing role.
Overall, the advancement of technology has created
many new opportunities in the field of marketing. If
you have skills in any of these areas, you may be
well-suited to a new job opportunity in marketing.
It's important to stay up-to-date on the latest
trends and technologies in the field to ensure you
remain competitive and relevant as a marketer.

2. Finance:

Technology has had a significant impact on the role

of financial managers. Here are some ways
technology has changed the financial manager's job:

Automation of Financial Tasks: With the

advancement of technology, many financial tasks
have been automated. Financial managers now use
software to manage accounts payable and
receivable, track expenses, generate financial
reports, and handle payroll. Automation has
reduced the amount of time and effort required to
perform these tasks, allowing financial managers to
focus on more strategic activities.
Data Analysis: Technology has also made it easier
for financial managers to analyze data. Financial
managers now have access to powerful analytical
tools that can help them identify trends and make
more informed decisions. These tools allow
financial managers to quickly identify areas of
concern and take corrective action.

Increased Communication: Technology has also

improved communication between financial
managers and other stakeholders. Financial
managers can now communicate with clients,
suppliers, and other stakeholders using a variety of
digital channels, such as email, chat, and video
conferencing. This has increased the speed and
efficiency of communication and made it easier to
collaborate with others.

Cybersecurity: Financial managers are also

responsible for ensuring the security of financial
data. With the increased use of technology, the risk
of cyber threats has also increased. Financial
managers must now be well-versed in cybersecurity
to protect their company's financial data.
Continuous Learning: Technology is constantly
evolving, and financial managers must stay up-to-
date with the latest advancements. Financial
managers must continually learn new skills and
technologies to remain competitive and effective in
their roles.

In summary, technology has changed the financial

manager's job in many ways, from automating tasks
to improving data analysis and communication.
Financial managers must stay up-to-date with the
latest technologies and continuously learn new
skills to remain effective in their roles.

3. Human Resource:

Technology has significantly impacted the role of HR

professionals. Here are some ways technology has
changed the HR job:

Automation of Administrative Tasks: Technology

has automated many administrative tasks, such as
tracking employee time and attendance, processing
payroll, and managing employee benefits. This has
freed up HR professionals to focus on more
strategic tasks, such as recruitment and talent
management.

Recruitment: Technology has changed the way HR

professionals recruit new employees. Online job
boards, social media, and digital advertising
platforms have made it easier to reach a wider
audience of potential candidates. Applicant tracking
systems (ATS) can help automate the recruitment
process, from posting job openings to screening
resumes to scheduling interviews.

Employee Engagement: Technology has also made

it easier for HR professionals to engage with
employees. Employee self-service portals allow
employees to update their personal information,
access pay stubs, and enroll in benefits. HR
professionals can use online surveys and feedback
tools to measure employee satisfaction and
engagement.
Learning and Development: Technology has also
changed the way employees learn and develop new
skills. Online training platforms, webinars, and video
conferencing have made it easier for employees to
access training and development opportunities. HR
professionals can use learning management
systems (LMS) to track employee progress and
ensure compliance with training requirements.

Analytics: Technology has enabled HR professionals

to analyze data and gain insights into their
workforce. HR analytics tools can provide insights
into employee performance, turnover rates, and
workforce demographics. These insights can help
HR professionals make data-driven decisions and
improve their hiring and retention strategies.

In summary, technology has changed the HR job in

many ways, from automating administrative tasks
to improving recruitment and employee
engagement. HR professionals must stay up-to-date
with the latest technologies and continuously learn
new skills to remain effective in their roles.
4. Operations management:

Artificial intelligence (AI) has the potential to disrupt

many industries, including operations management.
While AI can provide many benefits, it can also
create job uncertainty in the field of operations
management. Here are some of the ways AI could
affect the job outlook for operations managers:

Automation: One of the primary impacts of AI on

operations management is the potential to
automate many routine tasks. This could include
inventory management, scheduling, and quality
control, which are currently performed by
operations managers. As a result, operations
managers may need to develop new skills and take
on new roles that require more creativity,
innovation, and problem-solving.

Reduced workforce: With the implementation of AI,

organizations may require fewer operations
managers to perform the same tasks. This could
lead to a reduction in the number of jobs available
in the field of operations management.
Increased specialization: As AI takes on more
routine tasks, operations managers may need to
specialize in areas where human judgment and
creativity are still essential. This could include areas
such as supply chain optimization, strategic
planning, and process improvement.

New opportunities: While AI may displace some

jobs in operations management, it may also create
new job opportunities. For example, organizations
may require operations managers who specialize in
managing AI systems and integrating AI with
existing operations management processes.

Need for retraining: As AI continues to evolve,

operations managers will need to continually
update their skills and knowledge to remain
relevant in the field. This may require ongoing
training and education, as well as a willingness to
adapt to new technologies and processes.

In summary, AI has the potential to transform the

field of operations management, leading to job
uncertainty for some operations managers.
However, it also presents new opportunities for
those who are willing to adapt to new technologies
and processes. Ultimately, the impact of AI on
operations management will depend on how
organizations choose to integrate it into their
operations and the willingness of operations
managers to adapt to these changes.

CNCLUSION

The rise of artificial intelligence (AI) has

certainly disrupted many industries and job
roles, including management. However, it's
important to note that AI is not necessarily a
threat to management jobs, but rather a tool
that can enhance and streamline managerial
tasks.
In short, AI is not necessarily a threat to
management jobs, but rather a tool that can
enhance managerial tasks. Managers should be
prepared to adapt to the changing landscape
and acquire new skills to remain relevant in the
workforce.