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Business and Management 2
Abstract
Businesses of all sizes may benefit from using digital technology in order to better
connect with their consumers, conduct research, find things to sell and promote online, and
increase customer satisfaction. When it comes to the adoption and use of digital technologies,
nothing is more important than the customer’s impression of the company’s offerings. Online
advertising and purchasing are only two examples of how the internet has altered business
practices. Technologies exist for businesses to utilize in their quest to attract new customers
and expand their current user base. All of this is realizable because of technological
advancements. With today’s available tools, startups may gauge interest in their goods among
technological advancements, data analysis and new product creation are now more easily
available. Among these tasks is the detection of unmet needs in the market and the
development of novel answers. In addition, digital technology has the potential to raise levels
of consumer contentment, increase the company’s market share, and cement its bonds with its
clients. The purpose of this research is to assess several digital elements that might improve
the organization as a whole. When companies use such technology, they may endanger their
customers’ right to privacy and the security of their sensitive data. Covid 19’s important
contribution to this issue is the emphasis it placed on the need for data privacy.
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1.0 Introduction
When used as a noun, “integrated professional abilities” describes the skills that allow
market by making the most of the many digital resources at their disposal. Professionals now
need the ability to use the wide variety of digital resources at their disposal to keep up with
the demands of a dynamic and competitive marketplace. With the rise of digital technologies,
it is essential for businesses today to strengthen both their online and offline presence. One of
the most important factors in this is the development of communication and informational
technologies (ICT). The term “information and communications technology” (ICT) is used to
refer to any system that facilitates the transmission of information or messages. Many
companies have had to deal with a wide range of limitations and take on significant financial
losses as a result of the ongoing worldwide epidemic caused by the COVID-19 virus. The
longer reliant on a single worker’s location at a single desk. Meetings may be conducted from
the convenience of one’s personal home, or tasks can be done, all thanks to a unified suite of
real-time collaboration tools the whole team uses. Anywhere you have access to the internet
may serve as your workplace. By using these resources, today’s workers are better able to
communicate, share ideas, and work together than ever before. In spite of the fact that at first
glance it seems to be nothing more than a straightforward mix of hardware and software, in
reality it is a community of cooperative technological solutions that are always evolving and
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adopting new forms (Anon, 2021). The following is a list of the most important advantages of
working together:
Productivity in the workplace rises as a consequence (Anon, 2021). There is hope that
firms may create stronger and more resilient teams via more cooperation at work. Teams that
work well together look at the big picture and want to improve the organization and the
world. A company’s survival depends on its ability to swiftly and effectively adjust to new
conditions. Businesses that can quickly adopt and implement emerging trends have a
The internet is great for getting people together in one virtual space, whether via email
or a social networking site. This is the result of the use of collaborative technologies. A single
dashboard displays all electronic files, interactions, and updates related to a project( Nandi et
al.,2020). Over a hundred approved users may view in real-time who took what action and
when and why in the area. They no longer have to go between several programs to access
data relating to a single project. Freelancers and independent contractors would like this since
it makes them feel like they are part of the team without asking them to give up any pay.
Content shared inside a group can only be seen by its participants (Blau et al., 2020).
Free collaborative tools exist, but paid ones (like Podio). As the development and
maintenance of collaborative software are expensive, most require a monthly subscription fee
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after a free trial period. When expenses rise, Slack has been known to charge registered group
members to access past chat history (Blau et al., 2020). Obstacles like this will prevent
occasional donations. Since costs tend to rise in tandem with the size of a team, a permanent
license may not be the best choice for a one-off or short-term project.
Individuals and businesses can save private data on the cloud, which authorized users may
then access. Using cloud storage, one may save data on the cloud and access it from
anywhere with an internet connection. Online cloud storage and processing services like
Google Drive, Dropbox, and Box are freely accessible to anybody with an internet
connection. These businesses’ subscription bundles have more cloud storage and cloud
When compared to traditional methods, using cloud storage has several benefits.
Data repair
The danger of data loss or corruption is much reduced when using cloud storage since
the data is kept on an external device. Cloud computing eliminates the need to spend a small
sum on disaster recovery thanks to its automatic data backups. Doing this will save a lot of
hassle and wasted time. In most cases, individuals should not worry about completing the
activity without assistance. This strategy also keeps sensitive corporate data private as a
Accessibility
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Therefore, the company’s ability to access this data from any point on Earth is critically
dependent on its use of remote data storage. As a result, workers may stay abreast of
company happenings while away from their desks, facilitating more collaboration.
Employees of a restaurant may check the menu at any time, regardless of whether or not they
are already in the establishment. In the case of mobile devices, this is particularly true. This
breakthrough allows people from all over the globe to collaborate and share information in
Deficiency of command
When information is kept remotely, no one has direct access or control over how it is
saved or set. This might be a significant difficulty for big organizations with intricate data
storage infrastructures. Most cloud storage services do not provide users much room to make
customizations, which might lead to dissatisfaction on the part of the service’s target
audience.
Many people are anxious about the possibility of a third party gaining access to their data
while it is stored in the cloud. The investigation is required to determine whether or not the
firm can be trusted, and this must be done as soon as possible. There is also the potential that
the data was lost due to a problem with the system itself. Although this situation is very
The storage, processing, and transportation of data are all aided by extraterrestrial
technology, which is used in cloud computing. These cloud-based solutions are not stored on
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your computer or any other local storage devices; they are hosted on the internet.
Enhancements in areas like data storage, software programs, personal communications, and
machine processing power are all potential areas of development. The term “cloud” is often
used while talking about the internet. To put it another way, computing is the foundation and
mechanism that enables a computer to function, create, disseminate, or interact with data.
This may be thought of as the “how” of computing. In contrast to a hard disk or a physical
computer, a virtual or online server communicates with your device through a safe network
Advantages
• Cost-Effectiveness
Cloud computing has benefits and drawbacks when it comes to saving money. The high
cost of initial deployment is the most glaring disadvantage of moving to cloud services.
Companies and organizations may get long-term rewards from their cloud computing
investments. According to Gartner, spending on cloud services worldwide will rise to $331.2
billion in 2022.
• Reliability
Nearly all providers of cloud services boast round-the-clock customer care. Any issues
with cloud services are taken care of by the service provider. The data may be moved to other
sites even if the main server fails due to a natural disaster. Providers follow Service Level
Agreements (SLAs) to provide extra timely support for business needs in 2025. (Emani,
2017).
Disadvantages
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Since cloud infrastructure is owned, managed, and monitored by cloud service providers,
most businesses lack control over their data. Service providers may use a selection of SLAs
and management strategies. The most typical reason is that clients do not have sufficient
permissions to access the server’s resources. The client can be cut off from fundamental
clerical support. Therefore, in the worst-case situation, client installations would be severely
constrained.
• Security
Various perspectives on cloud security must be taken into account. Using the cloud has
several benefits and downsides for storing company data archives. First off, cloud storage
may be easily hacked. By 2025, Gartner predicts that human mistakes will account for 99
Establish early on who inside a given organization must have access to certain pieces
of information. Data breaches may be avoided if access permissions are defined and strictly
enforced. Administrators and workers alike should have restricted access to sensitive data.
Your organization’s management team should conduct needs assessments for each employee
and division. Only with properly managed credentials can you stop the unauthorized use of
privileged accounts. The potential for hacking and unauthorized use of data is reduced when
access is permanently limited. Every company needs a system to identify and protect its most
sensitive data. The most recent information, or “crown jewel,” accounts for 5-10% of a
company’s overall worth and would inflict the greatest damage if exposed.The strongest
protection against data breaches and hackers is preparation. More people will stick to the
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company’s strategy if they hear it this way. To meet the data management requirements of the
Encourage your kids to use a password with a mix of upper and lower case letters, digits, and
special characters to increase its security. Passwords should be at least 12 characters long and
should not include any popular phrases or terms, such as “green apple” Increase the
complexity of your passwords to make it more difficult for machines to crack. Important
company data should be backed up regularly. Every company needs a plan to restore data in
case of a data breach or other disaster (ICO, 2019). Multiple methods exist for either
manually or automatically backing up data. A data backup schedule of once a day or once a
month is recommended. A firewall may protect your company’s network from outside
threats. It is up to individual users to determine what kind of firewall protection they need.
Using advanced database and firewall software is essential, but so is keeping your system up
to date. Developers used to often update and patch their software for security reasons. A data
protection program is useless if it is not updated with the newest security updates. The
effectiveness of any program meant to protect data on the internet or a computer is directly
proportional to how up-to-date it is. Users should always ensure they have the most current
version of their program installed by checking for updates as soon as feasible ( Abouelmehdi,
2018).
Use of Zoom
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For an extra $15 per month, Zoom’s enterprise version provides organizations with
further features and support. Customers with ten or more workers have increased by 354%
year over year at Zoom. The corporation reportedly signed up more than 100,000 elementary
and secondary institutions in response to the closure. Zoom claims that since December when
it had 10 million users, that number has increased to 300 million in April. A user is likely a
meeting participant if they have many meetings every day. Many Zoom customers may have
left for other video chat services when the company’s rapid expansion became too much for
its staff to handle. Some people were concerned about the phenomenon of “zoombombing,”
or the introduction of irrelevant material into a discussion. Most of April’s new Zoom clients
resources (Nandi et al.,2020). Therefore, he conceded that the organization might have done a
better job onboarding new customers, and the business has since made the necessary
adjustments. Despite not being advertised as a data-sharing feature, Zoom’s iOS app shared
user information with Facebook. Zoom is no longer involved in this kind of work.
Additionally, false information was spread about call encryption. Those individuals that pay
for the service will be the ones who obtain it (Digital Trends, 2020).
Microsoft Teams has 145 million active users. As a result of the pandemic, Microsoft
Teams had a 26 percent increase in monthly active users, from 87 million in October 2017 to
115 million in January 2018. Slack and Zoom are just some of the popular tools businesses
have used to communicate and collaborate in recent years. At the pandemic's beginning,
Microsoft Teams had about 32 million DAUs. In the short time since the epidemic started,
this number has more than doubled, reaching 75 million. This growth stands out given
Microsoft’s emphasis on cloud computing and the Team Foundation Service (TFS). For
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many years, Microsoft Teams was the go-to for companies seeking to communicate with
their remote workers. According to Microsoft’s most recent earnings report, the number of
people using Microsoft’s Teams product has increased to 20 million from 12 million in the
summer of 2015. The number of users climbed to 38 million from March when the global
economy started to decline. In only one week, 44 million people have used Microsoft Teams.
A total of 4.1 billion minutes have been spent using Microsoft Teams this month, as reported
by Nadella (2022). Four times as many firms have integrated their business systems with
illness from spreading further. All this is being done to prevent the illness from spreading
further. These innovative methods may seriously compromise the constitutionally guaranteed
right to privacy and the security of one’s own information. Recent years have seen the
conversations, and inspecting their medical information. This is a huge shift from when such
financial data, social networking, face recognition, and temperature checks are all being
Several regimes have used AI to facilitate mass surveillance1 and social control, generally
without adequate monitoring, legislation, or checks & balances. The Chinese government is
The responsibility for building these networks rests with the individual national
governments, while supplying the necessary hardware rests with the private sector. In this
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hypothetical situation, corporations and government agencies might work together to violate
the human and political rights of the populace. In the absence of government oversight,
private corporations are free to violate their customers' civil and political rights. Therefore,
human rights law. Institutional investors are worried about the market because the COVID
epidemic has exacerbated businesses' difficulties in protecting their customers’ privacy and
data. This presentation aims to provide investors with some guidelines that will aid them in
learning about risks and the possible impacts such risks may have on the firms they own
Despite a recent decrease in price, Bitcoin’s value has not recovered. In a matter of
minutes, billions of dollars in trading funds vanished from the market. Although traders have
known for years that bitcoin’s value fluctuates daily, they have persisted in the market. The
the many benefits of trading crypto assets. If the price of Bitcoin suddenly drops while a hoax
is being perpetrated, investors may begin to suspect that they, too, are the dishonest ones.
A trader's choices might reveal whether or not they are a novice or a seasoned veteran.
Do not blindly follow the herd while investing on social media or the stock market. Instead,
they need to be founded on the careful study before implementation. Even if the deal is
merely an idea, you should not put up more cash than you can afford to lose. According to a
digital currency industry specialist, this still holds. The company’s main website and
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Experts warn that businesses should not invest all of their money into cryptocurrency.
It is best to prioritize short-term investment objectives at the outset. There is a possibility that
in the long run, social discovery including online brokerage for blockchain-based currency,
cryptocurrency, as well as crypto assets may outpace these mutual funds. This, as predicted
by Flippy, will occur. Users should put their real-world savings, interest rates on loans, and
It has been estimated that daily fluctuations in virtual currency exchange rates might
reach 16 percent. The highest price ever paid for a single Bitcoin was $68,000 in 2021, while
the current value is just $27,500. The cost has dropped significantly since 2021. Businesses
need to be aware that price swings in the bitcoin market are nothing new. Despite a recent
trend of weak demands, the stock market has reached new highs. Even if they know the
Bitcoin traders need to be astute and resourceful if they want to be successful. It is necessary
to fortify the basics to minimize financial losses during a crisis (Monaghesh, and Hajizadeh,
2020).
4.0 Conclusion
The succeeding study briefly discussed using the most popular collaboration
technology during the pandemic. According to the report, these tools saw extensive usage
throughout the epidemic. Data storage in the cloud and cloud computing were subjected to
separate analyses throughout the investigation. There was also advice on how to safeguard
others from the growing threats presented by the internet and tips on how to ensure one’s own
safety online. Due to the information provided, survey participants were able to grasp the
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5.0 References
Abouelmehdi, K., Beni-Hessane, A., & Khaloufi, H. (2018). Big healthcare data: preserving security
Blau, I., Shamir-Inbal, T. and Avdiel, O., 2020. How does the pedagogical design of a
p.100722.
Digital Trends. (2020). Look at What the Coronavirus Pandemic Did to Zoom’s Revenue.
Emani, K.K. (2017). Implementing Cloud Computing For Your Company - Weighing Out
https://www.simplilearn.com/advantages-and-disadvantages-of-cloud-computing-
Hussain, A., & Aleem, M. (2018). GoCJ: Google cloud jobs dataset for distributed and cloud
https://ico.org.uk/for-organisations/guide-todata-protection/guide-to-the-general-data-
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IEEE Innovation at Work. (2020). How the COVID-19 Pandemic is Impacting Cyber
Security
Khan, A.S., Chen, G., Rahulamathavan, Y., Zheng, G., Assadhan, B. and Lambotharan, S.,
2020. Trusted UAV network coverage using blockchain, machine learning, and
Monaghesh, E. and Hajizadeh, A., 2020. The role of telehealth during COVID-19 outbreak: a
Nandi, S., Sarkis, J., Hervani, A. and Helms, M., 2020. Do blockchain and circular economy practices
Ren, Y., Leng, Y., Qi, J., Sharma, P.K., Wang, J., Almakhadmeh, Z. and Tolba, A., 2021.
Warren, T. (2021). Microsoft Teams usage jumps to 145 million daily active users. [online]
Yang, P., Xiong, N. and Ren, J., 2020. Data security and privacy protection for cloud storage:
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