Benchmark - Applying Emerging Technology in Business PDF

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Hannah Mitchell Professor Torres BIT-200 December 15, 2019 Benchmark- Applying Emerging Technologies in Business User Mapping Blockchain Name of Emerging Advanced Data Technology Technology Analytics and Automation Description of Businesses are Companies will now Blockchain is a new the role of the finding ways to be able to target digital medium for technology incorporate their clients by the value that can be within the advanced data studying their moved, stored and business analytics and navigation on the managed with safety organization. automation into web, which can help and privacy, using a marketing, business businesses laser complex code and development, target their ads mass consensus over customer service, directly to the best a secure network. and virtually every prospective other business customers and process. generate more closed opportunities. Smart contracts will Description of There is going to be The use of User implement a how the Mapping has a huge amount of more secure technology job redesign. A lot of changed the way financial landscape, could change that businesses the work that’s reducing cases of market to users and business currently repetitive are able to closer fraud and operations. will be automated cyberattacks through technology. identify their target significantly. It will Time and effort that market. This means that businesses will also help track used to be spent on begin to spend more assets, manage repetitive tasks is on User Mapping records that change being reallocated to Technology and less too many hands higher-level work. on marketing using a chain code researchers. of data where changes are duly observed and

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Most processoriented tasks will be done mainly by machines instead of humans, that will be responsible for tasks such as approving loans, deciding whether a customer should be onboarded or identifying fraud. Virtual personal assistants will take over admin tasks. Robotic customer service agents will be able to understand, diagnose and determine actions needed to resolve a wide range of customer queries. Almost all customer Description of service sectors of how the business will switch technology to automated help, could change making many of the customer interaction or the customer-employee interactions customer disappear. experience.

Description of how the technology could change the way employees work.

Description of how the

The use of AI in business has helped

Because of user mapping, the future will likely have an expansion in the online market, making physical stores more tedious to customers. This could mean an increase of store employee layoffs.

accounted for. Blockchain will create more accurate and effective approaches to just about everything in Human Resources. From big-picture areas like hiring and taxes to smaller scale tasks like payroll, there are so many important human resources applications that blockchain will change.

Blockchain has enormous potential to change customer experience for the better by improving access for disadvantaged customers, making businesses more accountable, and increasing security in all kinds of business-customer interactions. User mapping is also Everything used to target highly from tracking

User mapping has changed the future of selling, focused on give consumers exactly what they need, by studying them through their purchases and digital activities.

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companies to cut costs in jobs that could easily be replaced by machines, and in turn make production faster and cheaper. This will make costs of products lower.

personalized ads to people and make online experience more personalized, increasing user interaction and purchasing with lower cost than mass marketing.

Description of how the technology could help the organization meet goals more quickly or efficiently.

The next wave of AI-powered assistants will rapidly grasp customers’ priorities and predict their needs. Brands that want to communicate with customers as quickly as possible anywhere in their daily lives will be able to take advantage of AIpowered platforms to deliver timely, hyper-personalized experiences. https://www.forbes.c om/sites/serenitygib bons/2019/09/19/the -technology-of-thefuture-is-changing-

The companies can focus their marketing and advertising to a specific market of people by studying online users’ digital activity for wants and needs and applying ads to those individuals.

Documentation of resources used to learn about each technology.

https://blog.westagil elabs.com/businessunusual-how-techis-weaving-abusiness-evolution/,

payroll, issuing paychecks, and managing contracts will be more efficient with blockchain. The technology allows companies to send and receive funds instantly and securely anywhere in the world without using a bank as a gobetween, and without the corresponding fees that apply. Blockchain will also cut out the hassles of delayed payments stemming from traditional contracts where payment will be enforced when pre-agreed terms are met from both parties.

https://blog.westagil elabs.com/businessunusual-how-techis-weaving-abusiness-evolution/,

4 businesstoday/#35ae56d54fe 1, https://towardsdatas cience.com/artificial -intelligence-willmake-theworkplace-morehuman-not-less49af1ce6cd0d, https://www.salesfor ce.com/blog/2019/0 4/future-of-aiartificialintelligencebusinessimpact.html, https://www.digitalis tmag.com/future-ofwork/2018/03/19/ho w-artificialintelligence-canincrease-yourbusinessproductivity05978998

https://www.forbes.c om/sites/forbesbusin essdevelopmentcoun cil/2018/12/03/sixtechnologies-thatcould-change-thefuture-of-businessdevelopment/#375d dd7f3e24, https://blog.westagil elabs.com/businessunusual-how-techis-weaving-abusiness-evolution/

https://www.forbes.c om/sites/ashikahmed /2018/03/14/howblockchain-willchange-hrforever/#6d3348272 7ce, https://blog.westagil elabs.com/businessunusual-how-techis-weaving-abusiness-evolution/, http://customerthink. com/howblockchain-couldtransform-thecustomerexperience/,...