3. Emerging Technologies
The technological advancements have increased demand for the company to advance
its technologies. There are different technological advances that impact the business
operations. These technologies include the artificial intelligence where machines are
simulated with intelligence of human beings and thus can perform all tasks as human beings
would do, the 3-D technology which improves the shopping experience and makes the
processes easier, it includes 3D displays, 3D visualization, cloud technologies like cloud
computing that enables storage, software and access of servers via the internet etc. Company
T has to keep up with the changing technology. It can adopt the cloud-based technologies.
Cloud computing will significantly affect the future of the organization. As the organization
continue to grow, more data will require to be stored. Cloud computing will enhance the
efficiency of data storage of data, reduce the cost of storage and ensure that the there is ease
of access of the company data. It also enhances communication and can improve the relations
with customers thus streamlining the key business processes because information is easily
accessible via servers at any place and any time.
Recommendations for Future Strategy
products information and this will ensure growth of the market and market share.