ACCA SBL Syllabus E. Technology And Data Analytics - The Need To Explore Opportunities For Adopting New Technologies - Notes 1 / 3
New Technologies
Emerging technologies represent opportunities - to get ahead of the competition.
Technologies such as:
Cloud and mobile computing
Big data and data analytics
Early adopters get ahead of competitors
Market share is increased as they learn the potential benefits of the new technology before others
Efficiency
Both in terms of speed of processes but also in understanding and meeting client's needs
Quantity of data
New technology both helps capture more data, but also store it and analyse it for growth
Everyone benefits potentially
Better performance, profits and efficiencies (even for not profit orgs)