Week 4 | Interface Design and Social Engagement Flashcards
Disruptive technologies
Businesses must be able to respond to disruptive technologies in order to survive and stay financially viable. For some, their responsiveness to information system challenges can lead to the creation of a competitive advantage, due to innovative adaptions to the new environment. What we do know is that when talking about disruptive technologies; disruption is speeding up.
Digital Darwinism
Disruptive Technology Is Changing Business for Good Social media, mobile, wearables, Internet of Things, real-time — these are just some of the technologies that are disrupting markets. Changes in how people communicate, connect, and discover are carrying incredible implications for businesses and just about anything where people are involved. It’s not so much that technology is part of our everyday life or that technology is relentless in its barrage on humanity. The real threat and opportunity in technology’s disruption lies in the evolution of customer and employee behavior, values, and expectations. Companies are faced with a quandary as they invest resources and budgets in current technology and business strategies (business as usual) versus that of the unknown in how those investments align, or don’t, with market and behavior shifts.
Uptake of technologies in business and the community
The first generation of the internet (Web 1.0) was characterised by static pages (content not dynamically changing) and a lack of user-generated content. Today although Web 2.0 suggests a new version of the World Wide Web, it is not a technical ‘update’. For businesses, Web 2.0 offers a more mature, distinctive communications platform features new qualities such as collaboration and sharing.
eCommerce
In simple terms eCommerce is the buying and selling of goods and services over public and private computer networks. In short doing business over the internet. Whether shopping online or completing internet banking, participating in eCommerce transactions has become part of our daily lives.
Business-to-Consumer (B2C)
- Internet based.
- Sales between a supplier and a retail customer.
- Involves a Web storefront.
Business-to-Business (B2B)
- Internet and extranet.
- Sales between compaines.
- Example: Supply chain management.
- Companies conveniently and quickly check their suppliers’ inventories and make instant purchases.
- Competition online can force prices for materials and supplies to drop dramatically.
- B2B often use an extranet: a shared intranet vendors, contractors, suppliers, and key customers.
- Web services– allow computers from different businesses to communicate.
Business-to-Government (B2G)
- Sales between government agencies and businesses.
- The government market is strikingly similar to B2B.
Consumer-to-Consumer (C2C)
- eBay.
- Gumtree.
Social Networks
ocial networking sites allow users to share ideas, activities, events, and interests within their individual networks. The main types of social networking services are those which contain category places (such as former school year or classmates), as a means to connect.
Social networks in business
Recent trends and studies have shown that a lot of customers now are looking for more than a quick buy and run experience. They want to experience a more engaging experience, including:- reviewing people’s honest comments of products purchased
- able to contribute to a community of users
- remain informally in touch with the business
- add to the discussion and feedback on issues relating to the business and the products
- be seen by the business and other customers as an avid user or expert of the product.
Revenue
he most obvious opportunity is to generate revenue. This can be done through building a community or advertising your products or services within the social media platform. If you choose to advertise in social media, the ads can either link back to your business’ social media page or sometimes to your website.
Brand development
Using social media allows your customers to connect and interact with your business on a more personal level. If you already have an established brand, social media might be an opportunity to further develop your brand and give your business a voice.
Attracting customers
Social media can be a good way of attracting new customers. For example, when considering social media campaigns, you could try to attract followers with promotions or giveaways. Once you have a good following you can focus on more personalised social media campaigns to encourage them to stay.
Research
Even if you think social media is not suited to your business or that you don’t have the time, simply logging on to see what your competitors are doing in this space, or finding out what your customers are saying about you might be a valuable exercise.
Network
Networking can be a valuable way to exchange ideas with like-minded people to improve the way you do business. Using online networking sites can also be valuable to your business, often for the purpose of knowledge sharing and word-of-mouth referrals.
Recruitment
Some organisations use social media to advertise vacant positions. Job networking sites like LinkedIn are dedicated to the job market and can help you use networks to attract skilled people.