Impacts of ICT on a business Flashcards
What is cloud computing?
It is apps like OneDrive on Google Drive that allow documents to be shared and accessed, regardless of location
It improves collaboration as many people can work on the same document at one time
What is electronic data interchange?
It is an effective control for stock. It automatically places orders once a minimum level is met and is important in maintaining optimum stock level and reducing the impact of human era.
What is video conferencing?
They eliminate the need for costly and time-consuming travel by video calling
What is artificial intelligence?
AI enables businesses to deliver high-quality personal customer experiences by analysing their behaviour and preferences. It can improve prior activity by completing tasks more effectively in a business.
What is the use of social media in a business?
It can be used to advertise their products at a lower cost and also helps to engage with a target market. It can help receive feedback that can be used to improve products.
What is computer aided design and manufacture?
CAD allows for detailed and accurate product designs. Computer edit manufacturer integrates directly into manufacturing systems automated production lines and improved efficiency.
What is office 365 used for?
Word, Excel, PowerPoint and teams allow employees to collaborate in real time regardless of their location. Outlook can be used for email to improve communication.
What are the benefits of technology?
Improved communication – ICT tools like email and video comforting enable faster and more efficient communication
Cost savings – automation and online tools reduce cost by streamlining processes and minimising errors. Video conferencing reduces costs.
Access to global markets – e-commerce and digital marketing allows businesses to reach customers Word worldwide increasing sales opportunities. You can also now sell online.
What are the challenges of technology?
Investment – the cost of purchasing, implementing and maintaining ICT systems can be high. Upgrading hardware software and training staff to use these systems can be expensive.
Data breaches – businesses faced the risk of cyber attacks which can result in loss of sensitive information and their reputation. Recovering data from my data can involve costly security upgrades.
Legal – companies must comply with data protection laws like GDPR which can require significant time and resources. Failure to comply with data protection law can result in heavy fines and reputational damage.
