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Emerging Technologies Module 7 Discussion Reflection - Syedibrahim

emerging technologies

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JAPHETH OMBUYA
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0% found this document useful (0 votes)
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Emerging Technologies Module 7 Discussion Reflection - Syedibrahim

emerging technologies

Uploaded by

JAPHETH OMBUYA
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Name

Affiliated institution

Date
I was able to learn a lot about the way the tech industry continues to evolve. Businesses

are getting transformed by using technologies like Artificial Intelligence (AI), Internet of Things

(IoT), and Blockchain that have the ability to increase efficiency, make data analysis agile and

broach across industries. The integration of these technologies into business models should

provide for substantial growth, and competitive advantage. IoT can contribute to real time

improvement of supply chain visibility and the overall operations, AI can be used to improve

decision making with data driven insights (Ali et al., 2023). In addition to enhancing operational

efficiency, these tools also make new business opportunities available for healthcare, finance and

manufacturing sectors.

While this course did demonstrate the crux of capabilities these technologies provide for

organizations, it also pointed out some of the issues developed with respect to cybersecurity, data

privacy, and ethical obligations. In the age of advanced technologies, the risk of cyber threats

grows as more businesses adopt new technology therefore creating robust security frameworks

becomes increasingly important to companies. Plus there has been continued worry about the

potential impact to job markets and privacy if AI & automation spread. Entrepreneurs must be on

guard to sustain ethical and veracious businesses, these demands make them react promptly in

meeting the needs and challenges facing them (Praful Bharadiya, 2023).

These challenges are however something that allowed the course to make me think that I

could one day open my own business either of the sectors that have emerging technologies which

could generate innovative solutions. Right planning can give a substantial competitive edge by

using cutting edge technologies. I learned in this course that despite changing tech landscape at

such break up pace, those who remain informed and flexible can still make it in creating a

solution in response to the market needs.


References

Ali, O., Osmanaj, V., Kwiatek, P., Alryalat, M., Chimhundu, R., & Dwivedi, Y. K. (2023). The

Impact of technological innovation on marketing: individuals, organizations and

environment: a systematic review. https://doi.org/10.1080/1331677x.2023.2210661

Praful Bharadiya, J. (2023). AI-Driven Security: How Machine Learning Will Shape the Future

Of Cybersecurity and Web 3. In American Journal of Neural Networks and Applications.

Science Publishing Group. https://doi.org/10.11648/j.ajnna.20230901.11


Hi,

This post is correct. I have no qualms whatsoever about your position that AI and IoT are

becoming very viable technologies for business innovation. While they certainly can result in

operational efficiency and can be a competitive advantage to business, these technologies are not

some magical solution that’s going to fix everything. But, of course, as you said, these risks of

cybersecurity and data privacy must be tackled in the early stages. Recent studies illuminate how

as these technologies are adopted by businesses, long term success will depend upon robust

security measures.

Hi,

This post is outstanding. One thing you’ve said that is so important, is your observation

about the ethical challenge presented to us by emerging technologies. Technologies like AI and

Blockchain can provide a lot of positive, but with increasing ethical problems involving privacy

and displaced jobs. As you said, in order to mitigate these risks as the entrepreneur you need to

stay informed and build responsible strategies. Definitely, the key for a sustainable business will

be balancing innovate with ethical considerations. To me understanding these dynamics is

critical to future business owners.

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