Critically evaluate the value of emerging technologies

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Reference no: EM133958282 , Length: Word Count:2500

Emerging Technology

Assessment Brief

By completing this assessment, you will achieve the following learning outcomes (LOs):

Critically evaluate the value of emerging technologies as they apply to a business context.
Appraise various emerging technologies and the value of these to business.
Critically evaluate trends of technology and their application to business strategy.

Assessment Scenario
Prepare an extensive report on " New Business Opportunities with Emerging Technology" for the Chief Digital Officer (CDO) of a Global E-Commerce Platform where you are working as a DIGITAL Expert.

You will review emerging technologies trend and suggest potential opportunities for your selected
Global E-Commerce Platform to enhance business by leveraging emerging technologies.

Task 1: Analysing and Evaluating Emerging Technologies

Conduct a comprehensive analysis of the specified industry and chose an organization within, describing key aspects of that organization and critically assess the key emerging technologies that are transforming the industry impacting the chosen organisation.

NB: Arguments must be critical with the support of academic literatures and real case examples.

Task 2: Implementing Emerging Technologies
Elaborating on Task 1, propose at least two emerging technologies and critically evaluate each, analysing their potential impact on the organization, specifically focusing on how the proposed technology can add business value and stimulate growth.

NB: Arguments must be critical with the support of academic literatures and real case examples.

Task 3: Data Privacy, Security and Strategic Planning
Identify potential trends, threats and risks of implementing the proposed emerging technologies and provide risk management plan along with a strategic plan recommending how emerging technologies can be implemented to support future growth.

Task 1 Guideline:

Provide an overview of the specified industry highlighting the current state of the industry, including market size, growth rates, and emerging trends, and features. Get professional assignment help from qualified experts—on time, every time.

Select an organisation from that industry and identify key aspects of the company, such as its size, primary products, services, offerings, market presence, (vision and mission if available) to provide a clear understanding of the organization's background and operations.

Identify and critically assess the key emerging technologies that are driving industry competition.

Critically assess the organization's strengths, weaknesses, market share, and strategies to identify potential benefits and implications to gain competitive advantage of the identified emerging technologies for the chosen organization.

Consider factors such as horizon scanning, adoption barriers, regulatory concerns, market acceptance, and potential for competitive advantage for the industry and relevance to the chosen organization.

Task 2 Guideline:
Conduct an in-depth analysis of each identified (at least 2) emerging technology to assess the potentiality to add business value and stimulate growth within the organization. Consider factors such as cost reduction, revenue generation, productivity enhancement, competitive advantage, and innovation potential.

Critically evaluate each emerging technology to understand its potential impact on the organization, (i.e customer experience, product development, finance, operations, market positioning etc.)

Assess how each technology aligns with the organization's strategic goals and objectives as mentioned in Task 1

Discuss on factors such as implementation feasibility, resource requirements, integration with existing systems, and organizational readiness.
Analyse the potential for each technology to stimulate business growth and capture new market opportunities create value for customers, shareholders, and other stakeholders specific to the chosen organization.

Task 3 Guideline:

Identify Potential Trends, Threats and Risks, discussing on Regulatory and compliance challenges.

Develop a Risk Management Plan by conducting thorough risk assessments for identified threats, implement mitigation strategies (e.g., encryption, firewalls) and establish contingency plans for technology failures and breaches.

Formulate a Strategic Implementation Plan ensure seamless integration of new technologies with existing systems, allocate resources effectively, including budget and training and align technology adoption with organizational strategic goals.

In conclusion, propose a robust approach to managing risks and strategically implementing emerging technologies to support business growth.

Reference no: EM133958282

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