AdvanLages of new 1echnologles

W Compet|t|ve advantage
new Lechnology wlll allow your buslness Lo accompllsh Lhlngs LhaL are
lmposslble for your compeLlLors lL wlll glve you Lhe flrsLLomarkeL
advanLage ls Lhe besL new process Lo conslder
W evo|ut|on|ze Cperat|ons
,osL buslnesses llke mosL organlzaLlons Lend aL flrsL Lo use new
Lechnologles ln very slmllar ways Lo Lhe older ones LhaL Lhey replaced
W r|dg|ng the cu|tura| gap
lnformaLlon Lechnology has helped Lo brldge Lhe culLural gap by helplng
people from dlfferenL culLures Lo communlcaLe wlLh one anoLher and
allow for Lhe exchange of vlews and ldeas Lhus lncreaslng awareness and
reduclng pre[udlce
onL
W Cost educt|on
new Lechnology also helps Lo reduce Lhe cosL of Lhe producL
W Cperat|ona| Lff|c|ency
new 1echnology helps buslnesses lncrease Lhelr operaLlonal efflclency by
sLreamllnlng operaLlons
W ew roduct Introduct|on
new 1echnology also leads Lo Lhe developmenL of new buslness models
whlch ls Lhe way Lhe company sells produces and dellvers lLs producLs and
servlces
W Customer e|at|onsh|p Management
aLabases and sofLware appllcaLlons enable companles Lo collecL
lnformaLlon abouL cusLomers Lhelr purchase hlsLorles and preferences
1hls lnformaLlon ls used Lo lmprove Lhe level of servlce and make producL
recommendaLlons
onL
W Improved Commun|cat|on
1echnology allows buslnesses Lo lmprove Lhe quallLy and speed of communlcaLlon
1hls helps save cosLs whlle ellmlnaLlng Lhe need for Lhe employee Lo lnLeracL face
Loface
W ata storage
lmage processlng and slmllar Lechnologles have allowed credlL card companles
banks hosplLals uLlllLles alrllnes and lnsurers Lhe ablllLy Lo sLore and access
mounLalns of daLa prevlously on paper
W rowth
1echnology allows buslnesses Lo expand Lhelr offerlng from brlckandmorLar sales
Lo ecommerce and from naLlonal or reglonal sales Lo lnLernaLlonal sales Lmall
enhances a buslnesses relaLlonshlp wlLh Lhelr cusLomers allowlng Lhem more
access and qulcker resulLs
W |oba||zat|on
1he lnLerneL emall and vldeoconferenclng are [usL some of Lhe Lechnologles LhaL
allow companles Lo work wlLh anyone anywhere ln Lhe world aLa and money
can be LransmlLLed ln real Llme allowlng buslnesses Lo be able Lo operaLe on a
larger scale
b[ecLlve of new Lechnology
W ldenLlflcaLlon
1echnology assessmenL
reselecLlon framework
1echnology/ markeL scannlng
lnformaLlon managemenL
W elecLlon
1echnology forecasLlng
8enchmarklng
eclslon crlLerla process
,onlLorlng / lmprovemenL
W roLecLlon
ldenLlfy opLlon
LsLabllsh sLraLegy
,onlLor effecLlveness
W LxplolLaLlon
usLomer suppller neLwork
lncremenLal developmenL
roducL managemenL
W AcqulslLlon
lnLernal 8
ob[ecLlve
W 1o lmprove Lhe producL quallLy
W 1o lncrease Lhe machlne producLlvlLy
W LffecLlve use of raw maLerlal
W 1o reduce Lhe cosL of Lhe producL
W 1o lncrease Lhe proflL of Lhe organlzaLlon