Summary Of Technology Agility and transformation-emergent Business practice (NICOM)

The world is observing emerging and innovative business practices, due to fast growing technological developments. Technology implementation has led to long-term sustainability with customer focus and cost efficiency throughout the organizational value chain. Technology paves the way for transformation in business practices including data driven decision-making, globally decentralized manufacturing models, digitalizing operations through automation and artificial intelligence, hyper local delivery systems, digital commerce, increased investments in data and cyber security, digital supply chains, fintech and movement from industry 4.0 to 5.0, virtual teams and compassionate leadership among others. Organizations have become agile and transform the way in which business practices are evolving in the era of technology, which have brought prospects for researchers to study the myriad aspects of business-related challenges and response. Technology is ubiquitous that empowers successful streamlining of business processes and reducing business expenditure. This book will enable its readers to understand how organization can become agile to adopt technology and transforming the way they operate. Readers will also be able to analyze how organizations can leverage technology and get maximum benefits throughout the value chain and embrace cutting-edge business strategies that can deliver value to all the stakeholders.

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