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Determining Challenges of Emergent Technologies

University: UKCBC College

  • Unit No: 11
  • Level: Undergraduate/College
  • Pages 12 / Words 3000
  • Paper Type: Assignment
  • Course Code: R/508/0522
  • Downloads: 3
Question :

Technology plays an immense role in integrating the business as it majorly contributes in growth of the company. The organisation chosen is Talent Plus, a leading consultancy firm. This report is a research on the challenges which can integrate the technologies with the business.

  • Appropriate research methodologies which can integrate the process of research.
  • Analyse and conduct relevant research to the topic.
  • Communicating the project outcome to stakeholders.
  • Reflection on application of the research methodologies.
Answer :

INTRODUCTION

In this modern era, different types of technologies has been emerging which is being used by large number of companies. Although it is proved to be beneficial for organisations, but due to its implementation, various challenges are occurring on continuous basis. For instance, there is lack of training and acquisition (García-Peñalvo and Kearney, 2016). This is giving negative impact on overall performance of enterprises. Talent plus is a famous enterprise that provide consultancy services to their clients. They are utilising advanced techniques for doing commerce easily and effectively. In present report, data analysis is going to carry for determining challenges of emergent technologies within workstation (How Digital Transformation Is Rewriting Business Models, 2017). Along with this, researcher has provided appropriate recommendation and conclusion in order to conclude the finding in summarised form.

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METHODOLOGY

Research can be simply defined as an art of performing scientific investigations. It assist in collecting authentic facts and figures on specific subject through using proper investigation procedure. There are commonly two kinds of research i.e. primary and secondary research. The prior one is involved in assembling new information. It is to be noted that primary data is associated with particular topic and is collected for very first time. That is why it is known as primary research. In this process, investigation team directly refer to the source; generally expected consumers in targeted marketplace. They need to ask questions from those people and attempt to roll up authentic data. Surveys, interviews, discussion with focused groups, Visiting to rival's location, Questionnaire, etc. are some of the common tools of carrying out primary research (Bevan and et.al., 2015).

On the other hand, secondary research is another type of investigation that has already been complied, assembled as well as published by other person. Few researcher also consider identical procedure for aggregating essential data. This method focus over previous investigation, scholar reports and authors data to support their evidence. This involve examination of reports affiliated with government agencies, commerce associations and many other businesses related to similar industry. It is usually applied when there is matter of small business enterprise with constricted budgets. The main motive of applying such kind of research is to obtain outcomes quickly in comparison to primary one. Some of the common mode of accumulating these data are articles, magazines, visit reference library, several websites, trade journals, publications related to specific industries and so on. It has been seen that government agency is considered as an excellent source of secondary research since its accessibility is free of cost (Polonsky and Waller, 2014). At the same time, information which is published by private firms might need permission of publisher. Company may charge particular amount of revenue of fees for accessing identical facts.

On the other hand, in this research project, researcher has applied 'primary research' for getting appropriate data. Qualitative research methodology has been used as it help in achieving information in a detailed way and also draws better result at last. On the other side, investigator has utilised intreprevistism philosophy in effective manner. The current project is designed on the basis of inductive approaches because entire inquiry relies on qualitative method. This was done for executing innovational technique at work place. In addition to this, expert had chosen descriptive research design to work on several aspects on existing topic.

Sampling is a statistical process which is associated with individual selection that assist in selection of people from population for the research report. In this report, random sampling has been applied by researcher for the purpose of designing suitable questionnaire. In this regard, a special team was being organised for doing surveys so that views of common people can be identified. It is to be noted that herein 30 is taken as sample size. Analyst has executed probabilistic sampling technique as it aid in measurement of valuable data associated with the current investigation.

During carrying out research, team has faced several issues which is impacting negatively on work of investigation. Major problems occurred are discussed below :

Ethical issue :

Collected data should not be leaked to any other person who is not the part of investigation. Whereas, research has observed some issues of information leaking which is needed to be managed while conducting a research report as it is important to maintain confidentiality(Bozorgnia and et. al., 2014). According to this, each and every individual should not transfer secret data to those people who are not involved in that research. Additionally, honesty and appropriateness must also be considered while completing chores linked with investigation.

Costing :

The cost of enquiry was found to be expensive in nature. High sum of money was used up in arranging interviews of common public. While performing research activities, researcher has experienced shortage of adequate amount of monetary value. However, he has managed whole work appropriately in decent manner.

Time :

To complete an investigation, long period of time is needed as it is a lengthy process. Inquisitor was also faced difficulties affiliated with time management. There was requirement of more time instead of allocated one. Although, researcher attempted well in accomplishing his duty before deadline. Assistance was being taken from classmates, experts and other people to complete task properly.

FINDINGS

QUESTIONNAIRE

Name :

Age :

Gender :

Address :

Contact number:

Q 1. Which type of techniques should be applied within Talent Plus ?

a). Conventional

b). Modern

Q2. What are the main challenges faced by organisation while implementation of digitalisation ?

a). Increment in cost

b ). Difficulty in assembling

c). Issues of durability

d). Absence of skilled employee

Q 3. What are the essential modern tools that can be applied by Talent Plus ?

a). Artificial Intelligence

b). Cloud Computing

c). Social – media platforms

Q 4. What are the ways for increasing profitability and productivity of company ?

a). Executing marketing strategies

b). Reduction in cost

c). Manufacturing better quality goods and services

d). Increment in productivity of workers

Q 5. Does social media assists in carrying out promotional actions of Talent Plus ?

a). Yes

b). No

Q 6. Which kind of social media applications should be used by mentioned organisation for the intention of communicating instantly ?

a). Facebook

b). Twitter

c). What'sapp

Q7. Which section of Talent Plus is getting most effected by implementing emerging techniques ?

a). Production

b). Sales

c). Promotion

Q 8. What are the overall implications of executing digital tool within Talent Plus ?

a). Positive

b). Negative

c). Both

Q 9. Are you satisfied by the services offered by Talent Plus ?

a). Yes

b). No

Q 10. Give any suggestion to Talent Plus regarding implementation of emerging technologies.

Theme 1 : Organisation need to execute modern technology within their company

Q 1. Which type of techniques should be applied within Talent Plus ?

Frequency

Conventional

10

Modern

20

Interpretation :

This has been observed that most of the respondents are in favour of execution of modern technology. Around 20 people are saying that company should apply modern technique. On the other hand, 10 person are stating that there is no need of such kind of implementation and are supporting conventional means.

Theme 2 : Digitalisation can cause numerous challenges

Q 2. What are the main challenges which is being faced by organisation while implementation of digitalisation ?

Frequency

Increment in cost

15

Difficulty in assembling

10

Issues of durability

5

Interpretation :

10 responders are stating that company is facing problem of assembling modernised tools. Whereas, 15 are showing that due to introduction of modern tools and techniques, Talent Plus may need to invest high sum of money. At the similar time, in context to this, 5 person are supported for issue of durability.

Theme 3 : Significant digital tools used by Talent Plus

Q 3. What are essential modern tools that can be applied by Talent Plus ?

Frequency

Artificial Intelligence

8

Cloud Computing

10

Social – media platforms

12

Interpretation :

12 respondents are saying that Talent Plus requite to apply social media platforms in context to modernisation since it aids in gaining various profits such as improving standard of promotional activity and communication too. 8 candidates recommended to use Artificial Intelligence. Where as 10 are suggested to apply the concept of cloud computing within commercial action.

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Theme 4 : Means of enhancing current level of profit and production within corporation

Q 4. What are ways of increasing profitability and productivity of company ?

Frequency

Executing marketing strategies

5

Reduction in cost

10

Manufacturing better quality goods and services

10

Increment in productivity of workers

5

Interpretation :

Most of consumers i.e. 10 responders stating that Talent plus ought to concentrate on producing good quality services and delivering such facilities at minimum pricing respectively. 5 participants have suggested to increase productiveness of personnels and other 5 have commented for implementing unique marketing scheme for improving profitability as well as productivity.

Theme 5 : Assistance of social-media in performing publicity of Talent Plus

Q 5. Does social media assists in carrying out promotional actions of Talent Plus ?

Frequency

Yes

20

No

10

Interpretation :

This is representing about contribution of social media platform in the area of promotion. 20 civilians has supported this statement. While 10 are against the identical.

Theme 6 : Suitable social-media tool for doing effective communication in company

Q 6. Which kind of social media applications should be used by mentioned organisation for the intention of communicating instantly ?

Frequency

Facebook

10

Twitter

5

Whatsapp

15

Interpretation :

Almost all person i.e. 15 are depicting that Whatsapp should be utilised by mentioned organisation for the intent of improving current standard of communication as it is found in mobile or cellphone of each and every individual. On the another side, 10 contestants are given suggestion for taking use of Facebook since large number of people are having account of this application. Thus, it is easy to communicate. 5 person have also suggested to use Twitter.

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Theme 7 : Need of executing modern tool in various departments of Talent Plus

Q 7. Which section of Talent Plus is getting most effected by implementing emerging techniques ?

Frequency

Production

8

Sales

12

Promotion

10

Interpretation :

8 person have voted for production department. Whereas, 12 are in favour of Sales division. At the same time, 10 respondents are in side of Promotion section.

Theme 8 : Impact of digitalisation on Talent Plus

Q 8. What are the overall implications of executing digital tool within Talent Plus ?

Frequency

Positive

10

Negative

8

Both

12

Interpretation :

By examining above based graphical representation, it can be said that 10 civilians are in support of execution of modern technologies within venture. On the another side, 12 people have given their views in the agreement of both statement significantly. Whereas, 8 responders are not in support of implementing updated tools.

Theme 9 : Digitalisation assist in delivering consumer satisfactio

Q 9. Are you satisfied by the services offered by Talent Plus ?

Frequency

Yes

20

No

10

Interpretation :

Most of the respondents i.e. 20 are quenched by the merchandises manufactured by Talent Plus. Whereas other 10 are against above statement.

DISCUSSION

Significance of emerging technology at workplace

This has been observed that emerging technology is playing a vital role in corporate world. Almost all ventures are involved in implementing digital methods for attaining their predetermined aims and objectives. Each and every task of business can be accomplished easily by taking use of different modern tools. For instance, social media platform is being currently used for the purpose of instant communication. Talent plus has been seen to be included in digital transferring of info from one place to another. Workers are consulting with one another via social media applications like Facebook, Whats app, Twitter, Instagram, Messenger & so on. These are treated as very cheap source of communicating (Flick, 2015). In addition to this, employers are able to create healthy relationship with their personnels. This may impact positively on overall performance of Talent plus since involvement of staffs is made on single path. Through using digital technologies and social media, organisation can perform promotional and marketing practices as well that can help in attaining business objectives. For instance, Talent plus can post images of services offered by them along with rates on Facebook.

Customers would observe such information and prefer them on the basis of their deliverables. Besides the same, company is able to gain competitive advantages by executing digital techniques such as Artificial intelligence, Cloud Computing, etc. By applying cloud computing, firm could store as well as transfer their private and important data to another place very easily. Herein, information is being assembled on cloud and remains safe & secure for a longer time period. On the other hand, innovational services could be manufactured by referred corporation through the assistance Artificial Intelligence. This aids in seeking attention of huge crowd towards them. Hence, it can be stated that emerging technologies are impacting optimistically on Talent plus. However, some of the issues are noticed while implementation of such kind of procedures.

Challenges which have been faced by executing advanced technologies

There are various challenges occurring in the path of implementing emerging technologies. The major problem is associated with investment. Talent plus need to increase their budgetary cost if they wish to execute modernised tools and techniques. Organisation does not have large budget amount to invest in managing technological issues. Thus, they are struggling to cope with similar difficulties. In order to get over from this situation, firm can acquire loans strategy from expected creditors or from banks. At the same time, it is impossible for generating new innovation without applying modern tools like artificial intelligence (Davies and Hughes, 2014). But there is requirement of qualified and experienced workforces in Talent Plus who are capable of working according to the requirement. Company is facing shortage of skilled employees and are attempting in arranging proper training programmes for their workers so that they become able to complete similar task in correct way. Some other issues are linked with assembling as well as durability. Modernisation is not permanent in nature. In fact changes which are made is not very easy. Therefore, Talent plus has faced such forms of obstructors while including act of digitalisation at their work station.

Various ways by which firms can enhance its sales and profitability

The primary goal of Talent plus is to earn high profitability along with increment in their sales rate. By implementing numerous technologies and digital tools, company is focusing over gaining higher profitability. Company can go with concept of reduction in selling cost and improving quality. According to this, they should focus on developing cheap products and services & cater technologies that to their clients. Along with this, level of quality needed to be managed while executing digital technologies which ought to be increased effectively (Bell, 2014). In addition to identical construct, Talent Plus should also focus on enhancing range of productivity of workers after execution of technologies to manage skills of workforce as well. They need to provide essential training to them in order to make them more capable and skilled. This will impact positively and aids in improving production of enterprise. Besides this, it also contribute in creation of unique deliverables or merchandises efficaciously. People get attracted towards purchasing similar facilities. Talent plus can also build few unique modern and digital marketing schemes for selling their products. These all ways, digitalisation would help a lot in increasing overall profit and sales rate also.

CONCLUSION

By examining above facts and figures, it can be said that concept of digitalisation is although being used by most of organisations for the intention of earning more profits but there are also numerous issues that organisations are coping while executing or including modernisation in their business. Business organisation also face problems associated with costing, assembling, durability and so on. It is not an easy task to change entire concept of commerce by applying digital tool. Hence, it is required for organisation to provide proper training and development to improve skills of worker as per the requirement of digital technologies. However, company can their improve different sections like communication, production, sales, etc. by taking assistance of modern techniques such as social-media platform, artificial intelligence, cloud computing, etc.

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