Unit 1 - New and Emerging Technology Flashcards
benefit of new and emerging technology on industry.
Cutting costs to more efficient systems, decrease in human error
Describe the effect of new and emerging technology on unemployment.
Reduces the need for manual input so makes lower skilled workers redundant.
What is meant by the term workforce skill set?
An increasing need for employees to take responsibility for updating their skills following the introduction of new technologies.
How do Science and technology parks support new and emerging technologies?
Science and technology parks enable businesses to associate with a centre of knowledge.
What are privately owned businesses?
They tend to be small with limited sales, stock and workforce. The owner makes the strategic decisions.
What is government funding?
Government funding is available for new businesses that make the use of new and emerging technology to contribute to the overall economy.
Advantages can be lower rates, can gain a mentor/advisor.
What is a not for profit organisation?
An organisation reinvest the money they make in their chosen cause.
Solution to reduce transport costs.
Changing from diesel, Lorries to electric vehicles, designing products that are lighter, more compact packaging.
How can companies manage the demand on natural resources?
By developing new sustainable materials such as biodegradable materials
How does minimising waste with new technologies impact on products?
It makes products more sustainable and generates cost savings.
Examples of Assistive technology.
small devices such as pencil grips, larger lifting devices and all-terrain wheelchairs for people with disabilities.
What impact does new technology have on wage levels?
Companies may need to pay more to attract staff with specialist technological skills. Learning new skills can lead to higher wages, but as some previously high-paid jobs become automated, associated wages may fall.
Name positive impacts new technology has had on society.
Changes in working hours and shift patterns or the internet and mobile apps enable office workers to access systems at convenient times to them and their business. Or this maximises the labour available, increases productivity and improves morale.
Internet of Things (IOT)
The system of interrelated devices that are connected via the internet is called the Internet of Things. For example, a home’s heating or washing machine can be programmed remotely via an app.
The advantages of remote working to society.
can enable a more flexible work schedule or spend less time commuting