Impact of Technology on Global Businesses biz environt week 10

What is digital transformation? The integration of digital technology into all areas of business, fundamentally changing operations and value delivery (Westerman et al., 2014).

• The integration of digital technology into all areas of business, fundamentally changing operations and value delivery

• A process of using digital tools to enhance customer engagement

• The adoption of digital marketing strategies

• The use of social media for business communication

Which technologies lead the way in business transformation?

• Cloud computing

• Artificial intelligence

• Internet of Things

• All of the above

What percentage of companies report increased productivity after digital transformation?

• 10%

• 30%

• 50%

• 70%

The role of machine learning algorithms in Artificial Intelligence is to:

• process large datasets efficiently

• enable machines to learn from data and improve over time

• provide a static set of rules for machines to follow

• replace human intelligence entirely

How do connected devices in the Internet of Things optimize operations and customer experiences?

• By collecting and analyzing data to improve efficiency and personalization

• By increasing the number of devices without data analysis

• By reducing the number of connected devices

• By operating independently without user input

What are the benefits of on-demand computing resources in Cloud Computing?

• Scalability and flexibility

• Increased hardware costs

• Limited access to resources

• Reduced security measures

5G Networks enable real-time communication and advanced applications by:

• increasing data transfer speeds and reducing latency

• providing unlimited data plans

• enhancing battery life of devices

• offering free internet access worldwide

The significance of distributed ledger technology in Blockchain is:

• It allows for a centralized database.

• It ensures transparency and security by decentralizing data storage.

• It is used only for cryptocurrency transactions.

• It eliminates the need for any form of encryption.

What is the Vision 2020+ Strategy in Siemens' digital transformation?

• A comprehensive plan for digitalization and innovation

• A marketing campaign for Siemens products

• A financial strategy for cost reduction

• A recruitment strategy for new talent

The MindSphere IoT Platform is a part of Siemens' digital transformation. What is its role?

• A cloud-based, open IoT operating system

• A hardware component for industrial machines

• A software for personal computers

• A mobile application for smart devices