Question

Overall benefits of these technologies to the company:

Big data and knowledge management  Wireless, mobile computing, and mobile commerce  Social computing  Cloud computing  Business analytics and business intelligence solutions  Intelligent systems

Answer 1

Technological advancements play a significant role in changing the face of business in new age. Overall benefits of some of the technologies to the company are highlighted as follows:

Benefits of Big data and knowledge management to the company:

• More precise decision making process due to accuracy in big data.
• Increased operational efficiency.
• Efficiency in cost reducing efforts.
• Elimination of several risk factors.
• Better information sharing.
• Better information management system.

Benefits of Wireless, mobile computing, and mobile commerce to the company:

• Availability of most cost efficient data storage technique.
• Easy access to information,
• Creation of new channels for marketing,
• Enhances sales efficiency,
• New opportunities for promotion,
• Ensures optimal connections and open communication.

Benefits of social computing to the company:

• Leverages brand promotion strategies,
• Better customer relationship management.
• Open access to public opinion,

Benefits of Cloud computing to the company:

• Financially efficient technique,
• Easy availability,
• Flexibility,
• Fast speed,
• Easy access.

Benefits of Business analytics and business intelligence solutions to the company:

• Fast speed of reporting,
• Helps in analysing business competitiveness,
• Helps in determining new trends in markets,
• Increases operational efficiency,
• Helps in making accurate decisions,
• Ensures data quality,

Benefits of Intelligent systems to the company:

• Ensures accuracy in analysis and planning process.
• Ensures faster process.
• Increases competitive advantage,
• Increases operational efficiency,
• Helps in leveraging customer experience,
• Enhances customer satisfaction.