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Advantages and Disadvantages of Technology - Coggle Diagram
Advantages and Disadvantages of Technology
Advantages
HR
Job automation decreasing costs
Highly skilled job roles created, relative to technology
Operations
Automation, Computer aided design, robots
Increasing productivity
Reducing wastage and lowering costs
Finance
Computer automated accounting
Fast and Accurate
Online Banking
Marketing
Targeting advertisment
Virtual loyalty cards
Social media
Lots of advertising opportunities
Disadvantages
Finance
Job roles and responsibilites disapear because of automation
HR
Loss of jobs and workers as they are no longer required, decrease Moral, decrease perceived self-value
Marketing
Use of older advertisement methods become underutilised
Operations
High initial costs, takes a long time to pay back off
Requires highly skilled workers
How smaller businesses have used
Clasper Painting and Decorating have used technologies such as google spreadsheets and excel to manage costs and automate scheduling, saving the company time and allowing the sole trader to focus on other non-automatable things like customer meetings.
How larger businesses have used
Morrisons, a large Uk supermarket business uses technology for their ordering systems, having set amounts of each product delivered almost daily. These numbers can be altered easily and changed to each individual stores needs.
Amazon have used robotics in their warehouses to increase the efficiency and productivity of them, as well as reducing overall costs. This was done by them purchasing Kiva robotics, implementing their systems to sort the storage of the warehouse, rather than working it manually