Understanding Digital Technology in Business: Ecommerce, Big Data, and ERP Systems

The video discusses the role of digital technology in businesses, focusing on e-commerce, big data, and ERP systems. It highlights the benefits and challenges of adopting these technologies, such as increased efficiency and the need for technical expertise. E-commerce offers flexibility and customer satisfaction, while big data helps in identifying trends. ERP systems integrate business departments for improved efficiency. However, the reliance on technology poses challenges in terms of cost and management.

What are the main benefits of adopting digital technology in businesses?

In what ways can e-commerce platforms provide flexibility to businesses?

What challenges do businesses face when implementing e-commerce platforms?

How does big data help businesses in understanding customer behavior?

What is the significance of data security in managing big data?

What are ERP systems and how do they benefit businesses?

Discuss the potential drawbacks of relying too heavily on digital technology.