Emerging Technologies and Organizational Transformation

Abstract

Technologies continue to evolve and to largely transform business practices. In the near future, a few technologies, such as Internet of Things (IoT), Augmented Reality (AR), additive manufacturing (3D printing), and robots, can substantially influence businesses. The reason to focus specifically on these technologies as leading factors for organizational change is twofold: first, there already exist many prototypes and pilot experiments; and second, these technologies have the potential to provoke substantial breakthroughs, leading to substantial business changes. The chapter proposes an overall vision about the impact of these four emerging technologies on business practices and how they will fuel substantial business transformation. The chapter starts with a short analysis how IT influences the core business models and value formation. Then, the authors present the state of the art in e-business technologies and current emerging trends. Finally, the authors propose a detailed overview and discussion of the newly emerging bridge technologies, illustrating with examples their role and economic potential.

Smart systems to mitigate failure of strategic alliances

“…That said, it is possible to see that, despite the many advantages associated with the implementation of smart systems, the results of the interviews conducted also show that there are several fears and associated risks, which is in accordance with the authors studied (Antonova, 2014;Atkinson, 2019;Simon, 2019;Stone et al, 2016). Therefore, the way in which these types of issues are handled is very important, both at the organizational and governmental levels.…”

“…Thus, it is possible to affirm, through the content analysis of the interviews carried out, that the results are in line with the theory proposed by the authors studied, as the implementation of smart systems has the ability to contribute to the improvement of decision making, to drastically reduce the cost structure and human error, and to make more agile the productive and bureaucratic processes, increasing the productivity of tasks (Antonova, 2014;Atkinson, 2019;Cummings & Stimpson, 2019;Simon, 2019;Stone et al, 2016). In addition, the growing use of these technologies also allows companies not to need as much human labor, providing them with the opportunity to redirect their human resources to other types of tasks (Huang & Rust, 2018;McAfee, 2019;Russell et al, 2015).…”

“…There are several advantages that can be achieved with the implementation of smart systems in companies: improving the quality of life of the general population, decreasing production costs, streamlining processes in the supply, distribution and retail chain, optimizing processes for the purchase and use of public services, among many others yet to be discovered (Antonova, 2014;Russell et al, 2015;Simon, 2019;Son et al, 2019;Stone et al, 2016). The use of these technologies focuses essentially on positive tasks, such as helping children to learn, making driving safer, helping in the diagnosis of diseases and improving the quality of life of each individual (Singh et al, 2020;Stone et al, 2016).…”

Examining The Effects of Technology Adoption, Cultural Values, Social Capital, and Government Policies on Entrepreneurial Success and Social Impact in Indonesia

“…Both short-and long-term effects of contemporary technologies on entrepreneurial operations can be seen in mechatronics, blockchain, IT, artificial intelligence, and augmented or virtual reality (Laužikas & Miliūtė, 2021). Robots, augmented reality, additive manufacturing, and the Internet of Things are just a few examples of the technologies that have the power to significantly impact and alter business (Abdullah et al, 2023;Antonova, 2015).…”