technological development Flashcards
what is efficiency in technological development?
it is how well a business is using their resources to achieve their objectives
e.g. a digger is more efficient compared to someone with a shovel
what is economies of scale? (it is linked to efficiency)
it means to increase the quantity of outputs to lower the cost per unit of output.
example:
cooking for 1 person - 20min
cooking for a family - 1hr
cooking for extended family-2hr
what is effectiveness in techonological development? and how can this be done?
it is the degree to which a business accomplishes it’s objectives, this means meeting customer’s expectations to then achieve higher customer satisfaction.
- high quality outputs
- better features
- fewer defects
- faster deliveries
what is competitivness in technological development?
by increasing effectiveness/efficiency a business’ competitivness increases, competitivness means providing outputs at lower cost or higher quality than rivals
what is the 6 strategies of technological development?
- automated production lines
- robotics
- computer-aided design
- computer-aided manufacturing techniques
- artificial intelligence
- online services
what is automated production lines?
when machinery and equipment are arranged in a sequence with components added to a good as it proceeds through each stem, the processes are controlled by computers
how does automated production lines improve efficiency and effectiveness?
efficiency:
- fewer humanr esources
- perform tasks quicker than humans
- reducing waste due to accuracy
effectiveness:
- improved safety
- improved quality
advantages and disadvantages of automated production lines?
adv:
- business able to produce at faster rate
- reduced need for labour
disadv:
- costly, costly to maintain/replace
- employee training required
what are robotics?
- it is highly specialised form of technology capable of complex tasks
it is used to perform repetitive tasks.
how does robotics improve efficiency and effectiveness?
efficiency:
- fewer human resource
- performs tasks quicker than humans
- reduced waste due to accuracy
effectiveness:
- improved safety
- improved quality
what is computer aided desing (CAD)?
- a computarised design tool that allows a business to create product possibilities from a series of input parameters
advantages and disadvantages of robotics?
adv:
- business able to produce at faster rate
- reduced need for labour
disadv:
- costly, costly to maintain/replace
- employee training required
how does CAD improve efficiency and effectiveness?
efficiency:
- fewer resources
- ability to view the product, opportunity for feedback
effectiveness:
- making adjustments prior to production (meet consumer needs)
- 3d viewing of product provides more realistic perspective
what are advantages and disadvantages of CAD?
adv:
- design can be viewed from multiple angles
- product desogns can be produced at a faster rate
disadv:
- computer software crash
- cost of the software
what is computer aided manufacture (CAM)?
- the use of sotfware to direct and control manufacturing processes
- real world application: 3d printing
how does computer aided manufacture (CAM) increase efficiency and effectiveness?
efficiency:
- speeds up production
- production with fewer errors
effectiveness:
- customisation
- product quality
advantages and disadvantages of computer aided manufacture?
adv:
- production can run 24/7
- speed of production
disadv:
- cost of implementation
- machines only perform one type of task
what is artifical intelligence?
- using computerised systems to simulate human intelligence and to mimic human behaviour
e.g. google, self-driving cars
how does AI increase efficiency and effectiveness?
efficiency:
- identify errors early
- speed up analysis of data
effectiveness:
- improves quality
- improves decision making
what are advantages and disadvantages of AI?
adv:
- precision in responding to customer in need
- more creativity for staff (less monotonous tasks)
disadv:
- cost of implementations
- job loss
what are online services?
they are web pages, apps and platforms business’ use to provide service to customers on the internet
e.g. streaming, online retailers
how does online services increase efficiency and effectiveness?
efficiency:
- reduced operating costs
- communicate with customers with fewer resources
effectiveness:
- increased accessibility
- materials and production planning
what are the advantages and disadvantages of online services?
adv:
- services run 24/7
- saving on employee costs
disadv:
- need large investment to keep online services updated and running
- invest in data privacy
