New Technology Flashcards
E-tailing
The selling of goods on the Internet.
M-commerce
Purchases made through mobile phones or similar devices.
Types of new technology
Robotics
Computer modelling
Computer-aided design (CAD)
Computer-aided manufacturing (CAM)
Information technology (IT)
Computer-aided design (CAD)
An interactive computer system that is capable of generating, storing and using computer graphics.
Advantages of computer-aided design (CAD)
Reduces the time between the initial design concept and actual production
The quicker a business can get it’s product on the shelves, the more competitive it will be
Computer-aided manufacturing (CAM)
The use of computers in production.
Advantages of computer modelling
Allows businesses to use ‘what-if’ analysis
As a result allows them to perfect their products and continually improve efficiency of production
Advantages of robotics
More accurate and more reliable than people
Advantages of new technology
Improved quality
Increased productivity
Reduced waste and costs
Less dependency on labour
Disadvantages of new technology
Expensive
Some workers likely to lose their jobs