Web Based Technology An Tool Of Globalization - 1209 Words

1. The basic premise of the article is that web based technology is accelerating the pace of innovation today and innovation will become more pervasive in all firms. Assuming this to be true, please give your own cogent reasons with clear examples to support this. Probably the most posed question in business world: Is innovation extends the life of existing or emerging companies in a competitive market? The recent era lives now the most massive cognitive technological progress and notable changes in Internet technology that witnessed by the world during the last two centuries in various fields of life. These important and humongous change of using Web-based technology led to the changing of the nature and pattern of economics for all†¦show more content†¦However. Let ask this question. What is the first orientation for any firm in their strategies, generally? It is indeed to grab the customer attention to their products or services. A firm ability to build communication channels with its employees, customers, partners, or suppliers has changed greatly with the inception of Internet. Using Internet tools, for instance, emails and feedbacks. The relationship between firms and their IT department also take a new trend of collaboration ca lled the Internet of Things (IoT). This trend opens new opportunities for firms in terms of creating new products and services, expanding customer base, and using new communication tools. The power of this trend lies in the ease of implantation in various subjects such as, for instance, insurance, engineering, health, education, and shipment services. Considering the experiment of UPS, Cristina Mercer says, â€Å"The enterprise uses IoT sensors to reduce its impact on the environment by monitoring its mileage, optimum speed and overall engine health. Besides reducing fuel consumption and improve truck efficiency, it also depress costs of operations, save money and conclusively improve UPS as a whole.† Thanks to web-based Technogym to brought to the