Technology Flashcards
Advantages of technology are…x8
Opens up worldwide markets through product promotion which can increase target market and increase sales
Faster communication at reduced costs as emails can be sent through one account to another instantly and files can be attached. This reduces printing costs and delivery costs
Enables homeworking as video conferencing and cloud computing are available which promotes a better work life balance
Reduces running costs a smaller premises might be required
CAM reduces need for workers which reduces wage costs
CAM allows for mass production which means economies of scale can be gained
Reduce to travelling costs for meeting or training from video conferencing and VLE
Social media reduces advertising costs
Reasons against technology are…x6
High training costs to ensure that staff know how to work machinery which can lower dividends to shareholders
Maintenance and upgrading costs can reduce profit
Large initial capital investment which can cause cash flow problems
Production could stop with machinery breaks which means deadlines could be missed
Have to ensure they comply with GDPR and the computer misuse act which can be time-consuming and more expensive
CAM takes over jobs as they can perform more dangerous tasks however this increases redundancy costs
GDPR is an…
EU law introduced in 2018 to protect personal data.
Features of GDPR are…
Data must be:
Obtained fearfully and lawfully
Used to register purpose only
Info is kept up-to-date and secure
Data is not kept for longer than required
Computer misuse act…
1990 discourages people for using computers for illegal or fraudulent purposes
Offences under computer misuse act 1990 are…
Hacking by accessing computers without permission
Accessing computers with the intention of committing a criminal offence
Illegal to install viruses software or malware
Accessing computers to change your altar details without permission
