2.3 - How Technology Helped Businesses to be Innovative

Question 1

Define ‘Innovation.’

Answer 1

Innovation is the process of adding a new product to an existing product line or significantly improving an existing product or process.

Question 2

How does robotics benefit businesses.

Answer 2

Robotics can do repetitive and dangerous tasks effectively, efficiently, accurately and need no training and pay.

Question 3

What is ‘Big Data’ in business?

Answer 3

‘Big Data’ is when businesses use a wide variety of data sources to collect and analyze information, as consumer data can be valuable information.

Question 3

What is ‘The Cloud?’

Answer 3

‘The Cloud’ is a term used when referring to accessing computer information technology (IT) and software applications through a network connection (e.g. OneDrive).

Question 3

What can ‘Big Data’ be used for?

Answer 3

‘Big Data’ can be used to create appropriate marketing strategies, and to improve customer service and etc.