Emerging Technology

Posted on January 22, 2025
Emerging Technology

 

1.    Assessment Brief

This module is assessed through one graded element. You must achieve at least 50% to pass this module.

By completing this assessment, you will the following learning outcomes (LOs):

1.      Critically evaluate the value of emerging technologies as they apply to a business context

2.      Appraise various emerging technologies and the value of these to business

3.      Critically evaluate trends of technology and their application to business strategy

Assessment Scenario

For this assignment, you will create a “Emerging Trends Report'' proposal for The Chief Digital Officer (CDO) of a large firm - of your choice. You will be the digital analyst tasked to identify and recommend emerging technologies that can help your organisation increase its competitiveness in the market.

Task 1: Review of Emerging Business Technologies (20 marks)

·        Prepare a clear background of your chosen organisation and explain how it operates both in the marketplace and marketspace.

·        Identify and critically evaluate key innovative technologies that are transforming how organisation collect, store, and use consumers data.

Task 2: Make Use of Emerging Technologies (40 marks)

Evaluate and propose how emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), and the Internet of Things (IoT) can help your organisation scale on demand, improve resiliency, minimise infrastructure investments and deploy solutions rapidly and securely.

N.B: your arguments must be critical with the support of academic literatures and real case examples.

Task 3: Planning for the Future (30 marks)

·        Often new technological advancement does bring new cyber risks - Identifies and evaluates two (2) cyber security trends that major your CDO needs to consider when reviewing the firm's enterprise-wide data and information strategy, governance, and control strategy.

Structure and References (10 Marks)

·        Structure is in line with the given instructions

·        Give a professional appearance with consistent formatting

·        Spelling and grammar are correct

·        Each page has a page number in the Footer

·        Any tables or figures are correctly labelled

·        Tables and figures do not cross boundaries, unless necessary

·        Properly cite your sources in the text and in the list of references

·        Use Harvard style for referencing and in-text citations (see referencing guides and https://bpp.libguides.com/Home/StudySupport)

 

 

Disclaimer

The assignment sample provided by Assignments Consultancy is a previously completed work for another student and contains plagiarism. It is being shared only as a reference or guideline to help you understand how to structure and approach your own assignment. We do not recommend submitting it directly as your own work. You are solely responsible for ensuring the originality and integrity of the assignment you submit, and we advise using this sample only as inspiration while adhering to your institution's academic policies.

Solution

Emerging technologies have gained significance among businesses in the current business environment due to the dynamic nature of the market. Significance technologies in the business environment are undergoing advancements day in and day out due to the increased innovations. This has forced many businesses to incorporate innovation in their business models to avoid losing their competitiveness in the market. Over the years, Tesla Motors has grown at a high-level pace, beating many of its competitors in the electric vehicles sector and the automotive industry at large. The company is now regarded as the most valuable automotive company as of 2023 and is amongst the world's most valuable companies. For instance, Tesla, with 18% of the total shares, was at the top of the battery-electric vehicle market in 2022 (Schreiber and Gregersen, 2023). Tesla was founded in 2003 under the name Tesla Motors, a tribute to Nikola Tesla, who was an inventor and electrical engineer, with founders Eberhard and Marc Tarpenning. Elon Musk later invested in the company $6.5 million in 2004, becoming the largest shareholder and the company's CEO in 2008. The driving mission of Tesla is to play a significant role through its products in propelling the world to achieve sustainability in energy. Since Tesla's business operations entail both transportation and technology, the company needs to have a strong understanding of the various emerging technologies in the market spaces and places it operates. Thus, the aim of this paper is to provide literature on the various emerging technologies in the market right now and how they can help Tesla collect, store, and use consumer data.

Tesla's first production was the Roadster sports car, which was produced in 2008. Other later productions in 2012, 2015, 2017, 2020, 2022 and 2023 were the Model S sedan, Model X SUV, Model 3 sedan, Model Y crossover, Tesla Semi truck and Cybertruck light-duty pickup truck, respectively (Sriram, 2023). As pointed out by Shahan (2021), the company's best-selling car is the Model 3 sedan, which in June 2021 hit the record as the first electric vehicle to reach 1 million unit sales globally. Mihalascu (2023) adds that the company hit a high delivery record of 1.31 million vehicles in 2022. This was a 40% increase in deliveries as compared to 2021. Tesla also temporarily hit a $1 trillion market capitalization in 2021, making history as the sixth company to do so in the US.

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