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Business Booklet

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0% found this document useful (0 votes)
7 views

Business Booklet

Uploaded by

shatheeshamrish
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 11

The technological

Advancement in the Three


main sectors of the industry

Primary Sector
Primary sectors are the sectors in which
involves in extraction of raw materials such
things like wood, wool, cotton etc. over the
past few years there has been a significant
advancement in innovation in technology
which has also been implemented, especially
in the primary sector.

Such thing like drones and heavy machinery


has helped in the primary sector to increase
the efficiency of extraction of these raw
materials plus there has also been some
concerns about the workers safety when
extraction materials like gold, diamonds,
silver and some other precious materials but
with the use of smart drones and sonar they
can detect any sign or disturbances in the
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earth which could cause earth quakes or any
avalanche.

For businesses it is much better to have


machinery and technology because if there is
a increase in efficiency it almost automatically
increase a bit of the efficiency of the other
two sectors as well but in order to achieve this
they might have to lay out some staff and this
might result in employee being demotivated
which is the only issue that it has.

Secondary Sector

Secondary Sector are sectors in which they


turn raw materials into semi-finished goods.
This is the sector in which the Advancement
of technology has been implemented the
most technologically advanced machinery,
but most businesses do not have these sorts
of high-tech machinery but has implemented
a technology in there manufacturing side of
the business. We can look no further than the
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Car industry which over the past decade the
production of cars was not being fully done by
machinery but they still had robotic arms to
assemble the main structure of the vehicle
and for the much more advanced part of the
vehicle they had to use human to put in all
the wiring and all the brake system and make
sure all of them are working right.

Now coming to today the automotive industry


giant Tesla themselves are one of the greatest
examples of implementation of technology
because tesla now has multiple Mega
Factories in California and Shanghai in which
almost the entire factory is being powered by
AI and all of them handle things like welding,
painting and assembling the cars component.
Since Tesla Cars are powered by electricity
and the Car is almost like a AI they also use AI
and machine learning to make crucial
decisions in the factory. You may also think
that this Mega Factory must be causing
massive pollution, but these factories are
relying instead on renewable energy using
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solar and wind power. They also follow the
Kaizen method in which they reduce wastage
to the maximum and also, they do recycle.

Tertiary Sector

This is where they sell these finished products


in store. This is the part were we see the
technology being implemented in the sales
part of the business which is basically to show
that these business have some advanced
machinery and is like a PR stunt which also in
a way will gives them more sales because
that when people see that for example a robot
serving their customers they would
immediately think that the food might also be
good a good example Is that it I mainly used
in countries like Japan, China, Korea. Another
way technology is probably going to change
the tertiary sector is that the addition of
Robotic Personal Assistance which another
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good example is Tesla Optimus which will be
eventually be a able to do all things a human
can do it can talk, learn, adapt to the
surroundings and dose what is said to it in
which this is almost perfect for all sales stores
and outlet which will most definitely be
benefited with it.

Advantage For Primary Sector For use of


technology

It is much cheaper than having employee wo


need to have their wages.

It is much more efficient because that


machine can work for a longer period which
no human they can also be continuously work
for days on end.

Disadvantages For Primary Sector For


use of technology

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It is a problem that every technology faces
which of course is that it need power to run it
which will cause business to pay high amount
of electricity build.

Another Disadvantage is that if the machinery


break or gets damaged it is expensive to
replace or repair them.

Advantage of Having Technology in


Secondary Sector

Secondary Sector is where all the processing


and making goods in to finished or Semi-
Finished goods which have technology would
decrease the Risk of Human error and can
also make the processing much faster

Having Robotic Arms which can do thing a


human cannot normally do like carry a cars
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body which needs approximately around 6-10
people to carry and will consume a load of
time and the finished product will be much
more minimalistic.

There can also be that more finished product


can be produced in a matter of a day for
example that Tesla produces around 60 cars
per day covering all their model so that
customers wouldn’t have to wait long to get
their car.

Advantage of Having Technology in


Tertiary Sector

The main thing is that the technology that has


been invested in the Tertiary Sector is to
basically in a way that makes the customer
believe for instance a restaurant which has AI
and Robots almost running the entire
restaurant which will create publicity through
social media and news which will eventually
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cause the sales to grow because of more
customers that want to each in such
restaurants and they are also saving money
by having less humans as employee.

Another thing is that the Business can also be


that to help the business grow and be more
recognized in the world for using technology
in such stores.

Disadvantages of having technology in


the tertiary Sector

To have such technology like robots and


highly advanced AI you much have to pay a
monumental amount of money which will
make the other part of the store lack in
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development which will make the store look
like it just a party trick the store has used.

With having technology in places like


restaurants where people can leave review
this could backfire because in case the robots
malfunction and something wrong and this
will lead to customers having a bad review in
the business and have a bad reputation
putting fear into the customers

Ecommerce

In the modern ages Ecommerce business pays


a significant role in our day to day life which
for instance the biggest online market
platform in the world eBay and Amazon have
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a combined online active user base of 485
million which is huge and is expected to grow
in the years to come.

With Ecommerce has benefits like you do not


have to use you energy to go out and buy the
product where you can just order online and
then it arrives at your door step. Another main
thing is that you can access imported
products much more easily than going miles
to other countries and buying them plus
sometimes they don’t even charge delivery.
Since having access to the Global market
there is almost no limit to what you can buy

Ecommerce also has it darker side almost


literally since there is a web know as the Dark
Web which is home to many illegal activities
and some sales of illegal substance, weaponry
and also private and confidential data this is
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one of the biggest causes of crime in the
world currently. There are also scammers in
this world of ecommerce which is very
common but some of them are the causes of
the most notorious scandals involving high
profiled people with also the lurking hacker
waiting to pounce on any given opportunity.

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