BUSINESS TECH : SHARING TECHNOLOGY

 

The application of science, data, engineering and information for business purpose is referred to as business technology. All businesses rely heavily on technology for communication, productivity and tracking purposes to sustain their business operations. If any business shows benefit from technology then they are on right track and are bound to get successful results.

There are seven most common type of business technologies. Computers are used among multiple businesses. They are equipped with software that enables them to perform all sorts of tasks Managed Network Security Services. Personal computer with Microsoft Windows is the most frequently used. Macintosh computers with Apple operating system are also used mostly by professionals. Computers allow businesses to manage their daily activities in a more productive and efficient way. Tools such as Microsoft Word, Microsoft Excel, Microsoft power point and Apple keynotes are some of them used by businesses suitable to their needs.

 

 

 

Networking is used as a link with group of people to share information and documents. Networking is essential to business because it provides a means to build relationship and grow. Telephone Communication is the key to establish business relationship with customers and organisations. There are now telephone systems that come with a variety of features to fulfil the needs of a company. VOIP, voice over internet protocol has become extremely approachable.

Technology transfer is the process of transferring technology from the organisation that owns it to another organisation. Sharing technology is a viable option for small companies that cannot afford to invest in the solution they need. By teaming up with other companies and individuals they get access to other wise out of reach resources. An individual might not be able to afford an online subscription to a mission critical system on its own, but similarly placed individuals can have the option of forming a single buying group and then approach the vendor collectively. Some companies and individual can share among themselves IT staff where the network and application needs are similar. Small companies which require similar storage and server resources can team up and become a large buying group and improve their chances for negotiating better price and terms with the vendors. Small companies for most part buy off the shelf software but like large companies they also have custom needs. By joining together with other small companies with similar interest they can influence the vendor.

Businesses have to be able to understand and visualise their supply chains in order to manage them effectively and match supply with demand. As the sharing economy is built on allocation of resources to transfer and supply goods from one place to another, Internet connectivity is very essential to tracking inventory and creating constant feedback loops. Without IOT architecture, it is almost impossible for businesses with remote assets to accurately track and maintain their products.Bike sharing platforms like city bike in New York and Chinese mobike are able to leverage IOT to track and maintain their cycles. Connectivity devices in real-time network makes them easier to locate, prevent theft.

Another example is ride sharing where machine to machine, (M2M) communication enabled by IOT are vital in building an accurate picture of fleet operation. Ride sharing apps like Lyft and Uber rely heavily on big data analytics. These companies need to know where their users are, where their drivers are and a host of other factors that could influence travel routes. Likewise their customers need to know when and where they can be picked up. Big data analytics gives businesses analysis of data and bring more efficiency to the services by matching supply with demand. By getting real-time information , sharing companies can predict where demand is likely to be high. So if it is raining at a certain place or if a grand show at a certain stadium has finished, Uber knows that demand will soar in that area.

Cloud technology and sharing economy have a reciprocal relationship. The cloud has enabled sharing through decentralised data storage , eg SIA is a sharing business that allows user to rent out their hard drives. SIA provides storage sharing rather than ride sharing or production sharing. It is almost Impossible to think of sharing economy businesses that does not operate via an app. If LOT and Blockchain technology is not available to companies due to their cost or complexity, apps offer a cheaper simpler alternative. Air Bnb is an example. ‘Seikatsu 110 ban’ is a platform site where customers can search, compare and enquire about the optimum service provider. Vertical media site, a website provides prospective customers with useful information efficiently on a specific subject. These sites solve household problems. 'Mover' system enables real-time matching, utilising, scheduling function and GPS function. 'Mover' grasps the location information of each service provider in real time and offers the nearest service provider to a customer. More and more people are participating in sharing economy like ordering a taxi via an app or booking a hotel from your smartphone.

From borrowing things to renting homes, technology is playing an important role. Using technology to rent a van for a day or book a taxi is having significant positive impact on our day to day life making life more affordable and better for environment. Technology’s impact on the sharing economy has brought a reputation right to the forefront. Technology now makes it easy to rate a service you use such as Uber ride. You can rate the driver and they in turn can rate you. Bad reviews can mean no business at all.

Shared mobility may include kick scooter, sharing car, sharing mopeds, sharing ride pooling, automated rental, etc.