Technology Management
The rapid technological advancements that have characterized the modern society have contributed to increased automation, especially in the business sector. The modern business world is experiencing increased automation and technological advancements because businesses are constantly seeking for measures to enhance their profitability and competitive advantage. In a survey conducted on the financial services industry, Fleming (2016) states that companies in this sector are facing increased automation, which could generate an upheaval for the industry and its employees. Financial services companies are increasingly adopting and introducing technology for their business processes to achieve greater accuracy and efficiency across all their operations. While these advancements could cause an industry upheaval, they help companies enhance their efficiency by improving functionality and reducing inefficiencies in operations.
As technological advancements continue to change business operations, its important for businesses to establish suitable measures for automation of their functions and technology management. The first step towards grasping automation in light of increased technological advancements is establishing organizational goals. Similar to establishing a new business endeavor/enterprise, successful automation processes require determining clear goals on what will be accomplished...
References
Fleming, S. (2016, May 5). Financial Services Companies Braced for Automation. Financial Times. Retrieved August 4, 2017, from https://www.ft.com/content/577216d8-0802-11e6-a623-b84d06a39ec2
Forrest, C. (2016, November 1). Five Best Practices for Bringing Automation to your Organization. Retrieved August 4, 2017, from http://www.zdnet.com/article/five-best-practices-for-bringing-automation-to-your-organization/
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