This document discusses how businesses are adapting to new technologies like e-commerce and social media. It outlines both the benefits and pitfalls of technological adoption. The benefits include improved communication, marketing opportunities, and efficiency gains. However, risks include security issues, reduced in-person interaction, overreliance on technology, and high costs of implementing new systems. Overall, the document concludes that while challenges exist, technology has significantly enhanced business operations and the modern workforce when adopted appropriately.

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Contents
adapting to new technology including e-commerce and social media platforms ........................... 3
introduction..................................................................................................................................... 3
in the light of evolving technology ................................................................................................. 3
the benefitting prospects of new technologies ................................................................................ 4
the pitfalls of technology in business.............................................................................................. 6
conclusion ....................................................................................................................................... 7
references ........................................................................................................................................ 8

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ADAPTING TO NEW TECHNOLOGY INCLUDING E-COMMERCE AND SOCIAL
MEDIA PLATFORMS
Introduction
Technology has procured the qualification of being the astonishing consequence of inventive
personalities and actual creation (Akpomi and Ordu, 2019). Innovation is characterized as an
assortment of strategies, abilities, methods, and systems that outcome in a significant item or
administration. A large part of the strenuous cycles is smoothed out and rushed by innovation. The
twenty-first century has seen significant innovation improvements that are at present utilized in
instructive and clinical establishments, the military, government capacities, and companies. The
ascent of technology has changed the economy by empowering and advancing overall firms.
Indeed, even minuscule firms might profit from the numerous potential outcomes made by
technology. E-commerce, an internet-based market where shoppers and merchants can manage
exchanges for items and administrations, was brought into the world because of technological
progressions. The internet has aided in the growth of e-commerce into a major market for all types
of enterprises. Online media like Facebook, Twitter, Pinterest, Instagram, and others expect a huge
part in web business. These associations go comparably an intermediary, joining buyers and
vendors for normal benefit. Additionally, with media stages, people may procure public reputation,
allowing them to adjust their assessment on the web. The use of advancement to additionally foster
correspondence and transportation has changed the location of a couple of monetary regions.
Advancement has transformed into a corporate basic since it chips away at the security, prosperity,
and capability of monetary development. This is a comprehensive appraisal of the incredible and
horrendous effects of the use of advancement in the industry.
In the Light of Evolving Technology
Technology has made a huge number of physical and virtual apparatuses and gadgets for an
assortment of employments. Somewhat recently, there has been a significant expansion in the
reception of new technology in endeavors. With the distribution of fresher outcomes and
examinations, technology is continually advancing. It is basic for associations to stay aware of the
steady changes in innovation that are pertinent to their points. Advanced specialists, man-made
consciousness, and the web of things are only a couple of instances of consistently evolving

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innovation. It has been found that around 45% of all position obligations can be computerized
(Davenport and Short, 2018). By 2020, the Internet of things would have penetrated the greater
part of huge business cycles and frameworks. (Balotsky and Christensen, 2020).
The Benefitting Prospects of New Technologies
The amount of advantageous opportunities driven from the application of modern technology is
difficult to account for. All the sectors of a business tend to make large investments in their
technological aspect. This has proven to be the most efficient source for sustaining revenues and
meeting corporation goals.
The workforce is impacted by technology by a considerable amount, the improvements made in
the workforce have been significant. The existence of modern technology has created multiple
accessible routes for workers to be directly connected to their preferred career paths. Technology
has empowered intrigued individuals to accomplish their latent capacity and fit their vocation to
their capacities and learning capacity through fitting choice techniques. Far off learning has filled
in fame to acquire all degrees of data. In the United States, 77% of organizations took on web-

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based learning in 2017, and this figure has consistently expanded from that point forward (Pfano
and Beharry, 2016).
With the help of technology, more project workers are being searched out for task-explicit
business. The utilization of project workers has demonstrated help in the area of web-based
business, otherwise called electronic business, which has been consistently rising. Contract
occupations have overwhelmed the web-based business (Setiawan et al., 2018). Contracting is a
productive method for advancing, market, and creating mindfulness in web ventures. This has
brought an increment in the involvement of specialists in many projects operated by e-commerce.
Hence, providing contractors more fruitful opportunities to showcase their potential in task
specialized work. The rate for e-commerce contractors is set between an impressive range that
attracts skilled workers.
To sustain the value that the goods and services carry and retain customer loyalty, recognizing the
value chain is important. Information technology exerts great momentum in the modification of
the value chain process. The set of activities required to produce a good or service is maintained
and monitored with the use of technology. Information technology integration has resulted in high-
cost savings, transaction reductions, enhanced communication, improved business portals, and so
on. For example, The use of advanced software architecture and development techniques has
expedited and refined the business plans and strategies of many IT companies.
An organization might settle in many spots, both genuine and virtual, contingent upon the
endeavor's different enterprises or exercises. Right up 'til today, the association might have a site,
a web-based media page, or some other web-based business set up to advance its deals. With the
help of innovation, it is a lot simpler to orchestrate the destinations as a whole. Best firms know
about the worldwide blast of online media use. This has pushed them to utilize web-based media
to showcase their labor and products, arrive at their interest group, and keep a solid association
with their shoppers.
Business technology is one of the most integral parts of all kinds of business conduction such as
security, communication, marketing, customer service, and so on. This specific segment consists
of the utilization of artificial intelligence (AI), the Internet of Things (IoT), mechanical interaction
mechanization (RPA), blockchain, and numerous different advances The worldwide innovation
industry is relied upon to reach $5 trillion out of 2021, addressing a 4.2 percent development rate

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(Brunet-Thornton and Martinez, 2018). In 2019, arising innovation made 4.6 million work in the
area (Dreyer et al., 2017). In October 2020, the worldwide online media entrance rate was 53%.
(Akpomi and Ordu, 2019).
The Pitfalls of Technology in Business
The negative repercussions of the utilization of technology in businesses remain alongside the
beneficial contributions.
In the first place, the insurance of individual data stays a worry in the technical climate that exists
in the business area. For most economic activities input of personal or high confidential
information is necessary. IN the light of advanced technology, this information can be wrongfully
accessed and tampered with. Hacking and theft of business data have been inflated with the
ongoing technological headway (Pfano and Beharry, 2016). Organizations that store most of their
information and data in technology and PC-based capacity frameworks are defenseless against
web interruptions. Due to the high-level hacking strategies utilized, hacking and virus are
incredibly hard to foresee and recognize.
Depleting interpersonal connectivity is another restraint that is being slowly enabled with the
intensive use of technology in modern times. In person, communication is a phenomenal technique
for setting up trust and reinforcing ties between business partners, representatives, and managers,
clients and merchants, etc. The over-dependence on online business and web-based media
applications has hampered face-to-face association. Most employees, buyers, suppliers, and sellers
prefer to interact online which is proven to be less personal making the transactions and business
deals more complicated. In a work environment, the face to face communication is more effective
than online interactions, it increases the sense of responsibility amongst workers, further increasing
productivity.
An unhealthy dependence on technology is considered to be a misgiving of the technology. The
wide pool of users that the technology provides has pushed workers and employers to rely on
technology to a damaging extent (Dreyer et al., 2017). This is believed to cause a detrimental effect
on the innovation and creativity of the workers. Their ability to resolve problems, confront
dilemmas, tackling large responsibilities will be hindered by the heavy use of technology.

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Technology can also act as a mode of distraction for employees. This is a concerning problem in
the workforce, especially in online jobs. The many smart gadgets that are available around the
workers often sway their attention towards unimportant matters, leading to procrastination. Much
valuable time is wasted when employees are distracted from their tasks.
The risks associated with the integration of new technologies in a business can be threatening for
the growth and stability of the firm. New technologies are very expensive, depending on their
usage and purpose. Thus, associations frequently start their excursion with another technology that
has a huge possibility of disappointment. Certain technologies as often as possible neglect to fill
their expected need in functional, practical, and other business tasks. Apart from bearing the high
expense, the burden of training employees to adapt to the newness of the technology can be both
time-consuming and costly (Davenport and Short, 2018). Some employees may require extra
training and guidance to be able to properly adhere to the technological technicalities.
Conclusion
To conclude it can be stated that the positive ramifications of the use of technology outshine the
negatives. Nowadays, most companies have discovered ways to incorporate emerging
technological advancements into their operations. The workforce and the functions of a business
are significantly enhanced with the use of technology. Some of the barriers that technology builds
which hamper the growth of organizations are also enlisted to create awareness. In contrast,
technology has proven to cause many exemplifies in the successes of organizations.

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References
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Balotsky, E.R. and Christensen, E.W., 2020. Educating a modern business workforce: An
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Boyce, G. and Ville, S., 2017. The development of modern business. Macmillan International
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Brunet-Thornton, R. and Martinez, F. eds., 2018. Analyzing the impacts of industry 4.0 in
modern business environments. IGI Global.
Davenport, T.H. and Short, J.E., 2018. The new industrial engineering: information technology
and business process redesign.
Dreyer, B., Lüdeke-Freund, F., Hamann, R. and Faccer, K., 2017. Upsides and downsides of the
sharing economy: Collaborative consumption business models' stakeholder value impacts and
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Setiawan, N., Tarigan, V.C.E., Sari, P.B., Rossanty, Y., Nasution, M.D.T.P. and Siregar, I.,
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