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Tech's Tectonic Shift: Radically ChangingBusiness Landscapes (cont'd, 2)

- As we emerge from a global pandemic, tech has become even more embedded in our lives. - major tech firms are also under investigation for their influence and competitive practices -rapid shift in global business power -Sub-Saharan African nations are utilizing fast/cheap tech as an economic lubricant - 70% of the regions population lives within range of mobile phone coverage

GEEK Up—Tech Is Everywhere and You'll NeedIt to Thrive

- Tech knowledge has become a key differentiator for a job seeker - With computing getting cheaper and faster,it is being used everywhere

Marketing

- track customers analyze campaign results modify tactics using social media too: generate sales improve reputations, better serve customers, innovate - SEO - balance btw gathering and leveraging data and repeating consumer privacy

David Karp, founder of the website Tumblr, sold the website to Google for $1.1 Billion.

False

Some of the radical changes brought about by new technologies include:

The creation of an unprecedented set of security and espionage threats.

Today's job seekers are writing résumés with keywords in mind, aware that the first cut is likely made by a database search program, not a human being.

True

Give example of Ai that user likely encounter every time they go online. On the other hand, what types of developing Ai technology are on the other end of the spectrum? What is the principle that connects the two and increases revenues for businesses?

User regularly SEE AI-DIRECTED TARGETED ADS AND USE GOOGLE image search, which are two simple types of machine learning, or AI. Robotic surgery, driverless cars, completely techs the increase yield are example of more automated supply chains and factories, and farming complicated uses of AI technology. The connecting principle is the goal of optimizing input through tech.

HR

employee training, screening, and evaluation - Job seekers write résumés with keywords, as the first cut is likely made by adatabase search program, not a human being

Internet of Things (IoT)

A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action.

Sarbanes-Oxley Act

Also known as Sarbox or SOX; U.S. legislation enacted in the wake of the accounting scandals of the early 2000s. The act raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations. Although often criticized, SOX is also seen as raising stakes for mismanagement and misdeeds related to a firm's accounting practices.

Another reason fueling the boom in fast-growing technology services is ___________________, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending.

App Stores

SEO and SEM are key tech industry acronyms that have become vital parts of the accounting professional's operating toolkit

False

The pages Ahead

Firms and technologies will change, and success at any given point intime is no guarantee of future victory.

Tech's Tectonic Shift: Radically ChangingBusiness Landscapes: Social media `

Firms use it for new product ideas, formillions in sales, and to vet and build trust. • With promise comes peril- w mobile phone are cameras -Emerged as a catalyst for global change - A tool for democratization but also for thespread of misinformation.

IPO

Initial public stock offering, the first time a firm makes shares available via a public stock exchange, also known as "going public."

Your future

Intersection of business and technology must be studied: • To develop critical-thinking skills specific to technology .• To evaluate new, emerging technologies

A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of technology in the area of _____.

Operations

Crowdsourcing tools and question-and-answer sites like _____ allow firms to reach out for expertise beyond their organizations.

Quora

Finance

Researchers in the U.S. and China have shown an AI approach thatbeat major trading indices as well as traditional investment portfolioallocation strategies

Director of UNI Global Union Christina Colough explains how companies use Ai to assist with job recruitment. Comment on today' intersection of AI and 1. privacy concerns and 2) potencial job quality. What elements are necessary for AI to be beneficial in both areas?

The listener is asked to reflect on what exact data companies were using-financial, social media, health, or other data. What price do tech users pay for what they receive? And, if AI creates more jobs as predicted, what types of jobs will these be? The ingredients that support the "good" side of the equation are arguably the same as if AI did not exist- the need for human judgment that encourages fairness, equity, and productivity.

Tech's Tectonic Shift: Radically ChangingBusiness Landscapes

Business models and strategies have rapidly changed based on new and evolving technology - 72% of firms are failing at digital transformation

Select the accurate statement(s). 1. The world's most valuable retailer, China's Alibaba, also carries the world's largest product inventory. 2. Uber, the world's largest taxi service, owns no vehicles for hire. 3. Airbnb, the world's largest accommodation provider, owns several major hotel corporations. 4. Facebook does not create media content.

Statements 2 and 4 are accurate

Experts working in the area of _____ work to make sure systems are easy to use, while people working in the area of _____ work to leverage technology to make firms more efficient.

user-interface design; process design

Cloud computing

the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer. -Turned high-powered computing into a utilityavailable to even the smallest businesses, andnonprofits

How are tech like his poised t influence the economy, society, and the Jos in the future? Brainstorm ways in which 3D printing can benefits society

-Lower transportation cost -- example: Nasa #D printed wrench of "no transport costs" if the 3D printing aw material is on site - reduce/elimanite inventory -custom parts can be produced far faster than conventional methods that may require special tools. Reduce number of manufacturing jobs never be " out of a part" for certain parts that cane be printed