Читать книгу Intelligent Connectivity - Abdulrahman Yarali - Страница 18

Even though disruptive technologies continue to emerge and change business worldwide, various products, services, and business models are driven by these changes. The development of mobile apps has revolutionized business (Veletsianos 2018). As technology continues to disrupt business performance and their reliability, businesses can shift their performance by ensuring they have applications where employees can work and enhance their productivity. The presence of mobility has enabled employees to work from any location. These applications can track their performance, identify their weaknesses, and suggest the ideal work methods where they need to change. IoT is a disruptive technology that will continue to disrupt businesses worldwide. It is a technology that presents diverse opportunities where an organization can identify different services that can be run using connectivity powered by IoT devices. Organizations have the opportunity to focus on cloud technology since most of the organization is considering its use since it can be used to help them minimize their costs (UN 2018). Providing cloud services is expected to generate huge revenues since most organizations seek platforms to minimize their operational costs (Whitmire 2014). Another aspect that businesses could tap from disruptive technologies is business models such as digital marketing and online surveys, which can easily help organizations tap into different markets.

The banking industry has been experiencing changes in the technological world. In this case, numerous banking techs have been developed to make their banking processes easier (Ramey 2012). One of the major aspects that banks should diversify is to develop paper‐free processes where customers can apply for loans, make payments, and many other services that will save time. This will enhance the banks' performance since customers want to get services in the comfort of their homes. Due to the emergence of disruptive technologies, online shopping has been on the rise. Different stores have been developing applications and cloud services where customers can do online shopping and acquire different products. In this case, there is a need to harmonize their processes, ensure customers get ideal services, and enhance their performance at different operation levels. Even though disruptive technologies may render people jobless, they should acquire the necessary education services that will help them to adapt to change and build innovative products that will help them to keep up with the ever‐changing technological aspects. In the future, business dynamics will continue to change, and thus people should be prepared for these changes and ensure they provide reliable services at all levels of the organization (Ramey 2012).