IT Flashcards
Also known as the Information Technology era,
Living in the IT ERA
refers to the integration of digital technologies into all aspects of a business, fundamentally changing how it operates and delivers value to customers.
Digital transformation
Businesses face growing
pressures to evolve in response to changing customer expectations,
market dynamics, and technological advancements.
The Need for Digital Transformation
Modern consumers demand
seamless online experiences, personalized interactions, and instant access to information.
Customer Expectations
Digital-native startups and
innovative competitors disrupt traditional
industries, compelling established players to adapt
or risk obsolescence.
Competitive Landscape
Automation and
digitization can streamline operations, reduce costs, and improve resource utilization.
Operational Efficiency
Harnessing data analytics
empowers companies to make informed decisions and uncover valuable insights.
Data-Driven Insights
Fintech companies have
revolutionized banking and payment systems,
making transactions faster, more secure, and
convenient.
Financial Services
E-commerce giants leverage AI and big
data to personalize shopping experiences and
optimize supply chains.
Retail
Telemedicine and health tech innovations
have expanded access to care and improved patient
outcomes.
Healthcare
The adoption of Industry 4.0
principles has enhanced efficiency and productivity
in factories.
Manufacturing
Ride-sharing platforms and autonomous
vehicles are transforming the way people and goods move.
Transportation
Implementing new technologies and
training staff can be expensive.
Cost
Employees may resist
changes in workflows and processes.
Resistance to Change
Increased digital presence
exposes businesses to new security threats.
Cybersecurity