BUS 111W Lecture Notes - Lecture 7: Shopify, Gamification, Information Overload
5 Nov 2017
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Document Summary
Five industries radically changed by technology: music, travel, transportation, publishing, Example of how technology influence business: design and testing, research & purchasing, functions/autonomous, serving, booking, & diagnostic, 3d printing customization, connected to user. What is technology: equipment and material advancement magnify human effort, reduce cost, improve performance, increase flexibility. Information technology advancement cloud, analytics, artificial intelligence. Technology shift: power (electricity steam, build and move (assembly line, train, planes, cars, communication (mass media, telecommunication, smart tech (collect, analyze, learn, connectedness, action) Opportunities and threads of technology changes: opportunities: Information costly to develop but cheap to share: new technologies in unfamiliar areas (challenge organizational capabilities and resources, unpredictable evolution; need for constant learning and scanning, greater independence of company and workplace.
