Emerging Technologies research paper Activity 5 and finalizing the all activities

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fueninav04

Computer Science

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*** Plagiarism is not acceptable ***

** Kindly Complete the activity 5 in 3 days ****

Task- 1) Complete Activity 5 for my research paper on “Cloud-Based Online Hospital App with Virtual Reality Functionality “.( refer attached activity 1 more details)

As part of activity 5 need to complete on “Managing Knowledge" based on my project idea .Kindly refer attached instruction and tasks for the topic carefully.

I have also attached professor feedback for my research idea activity 3 and activity 4 .Keep the feedback in mind prepare the activity 5.

Task 2) Finalizing the Research Paper based on professor feedback and Instructions

The final phase of the project and need to combine all the activities (1to 5). Using the feedback I have received from professor for my all previous activities.

Kindly rewrite or modify the all the activities based on professor feedback and instructions. I must reach the expectations set by the professor. Remove all the references which are more than 3 years old. Also rewrite the information in final paper as required.

**Will attach all the feedback and other activities once completing the task 1(activity 5) and received the feedback from professor.

Task 3) once my research paper is finalized .Create power point presentation for my paper addressing the idea in detail and all activities. The PPT will be in 10 – 15 slides.

Instructions:

  • Research Paper in in APA format. Plagiarism is not acceptable. (Please consider this top priority).
  • For Activity 5 complete instructions are attached. All instructions or tasks must be addressed.( Try to address all the information specified in each task )
  • Activity 5 is minimum 5 to 7 pages.( and reference page)
  • Paper must be included all the references and in-text citations. The references you cite should be credible, scholarly, or professional sources and Not older than 3 years.
  • Create final report between 3,000 and 6,000 words in a Microsoft Word document and save it.

Note : I may need help on other changes based on professor requirement

Unformatted Attachment Preview

Activity 5—Managing Knowledge This week, we learned that flows of knowledge through industry networks benefit the technological outcomes and enhance the competitive position of a firm. Tasks: Utilizing the concepts introduced this week, address the following tasks pertaining to your project topic: • • • • • Given your emerging technology selection, conduct research on pertinent industry forums that promote knowledge sharing for that emerging technology. Some examples of industry forums are standards organizations, open groups, professional organizations and associations, professional social networks, technology groups, cooperative technical organizations, academic and professional education and publication institutions, and professional certification consortiums. Identify specific industry forums that relate to your emerging technology of choice. Discuss the benefits for your organization of belonging to each industry forum identified. Explain how your organization would leverage the knowledge networking channels resulting from its participation in or membership of these forums. Analyze specific ways for your organization to improve its knowledge -networking position and benefits by considering network ties that would strengthen its knowledge-networking-degree centrality and betweenness centrality. Consider possible alliances with other firms in the same, or a related, industry space as your organization, with the objective to build a competitive advantage in the adoption of your chosen emerging technology. What specific complementary attributes that are pertinent for optimizing the adoption of your chosen emerging technology would you look for to forge such alliances? Examine effective governance processes that your organization could apply to manage the risks associated with cospecialized assets and asset specificity that could result from establishing alliances. As you complete the analysis of the adoption of your selected emerging technology for your organization, discuss possible customized workplace and human resources considerations. Complete the assignment in approximately 5- to 7- pages in a Microsoft Word document. In APA format, cite any sources you use on a separate page. The references you cite should be credible, scholarly, or professional sources. Any examples you cite must be supported with sources from the news media. Instructions: • Research Paper in in APA format. Plagiarism is not acceptable. (Please consider this top priority). • • • For Activity 5 complete instructions are attached. All instructions or tasks must be addressed.( Try to address all the information specified in each task ) Activity 5 is minimum 5 to 7 pages.( and reference page) Paper must be included all the references and in-text citations. The references must be peer reviewed empirical journal articles. Not older than 3 years. Final Activity: Emerging Technologies Now that you have completed Activity 5 and revised it based on the feedback you have received from your instructor and peers, it is time to move on to the final phase of the project and combine all the activities. Using the feedback you have received from your previous activities, the revisions you have performed create a Final Submission document. • • • Research Paper in in APA format. Plagiarism is not acceptable. (Please consider this top priority). For all Activities (1-5) complete instructions are attached in beginning of the each paper activity. All instructions or tasks must be addressed.( Try to address all the information specified in each task ) Paper must be included all the references and in-text citations. The references must be peer reviewed empirical journal articles. Not older than 3 years. Create a report between 3,000 and 6,000 words in a Microsoft Word document and save it. Student 1 I agree with classmate1 that Kennametal is indeed developing a new project NOVO suite, which will be used to transfer knowledge and experience from aging employees to the new employees in the manufacturing sector, targeting the two megatrends that is digitalization and demographic changes. I also agree with classmate1 on the explanation given for the framework, principles and mechanisms, real options framework and Net-Present Value (NPV) and Discounted-Cash-Flow (DCF). However, I do not agree with classmate1 that this is the only emerging technology mentioned in the paper (Irene, Michael, Sudhir, & George, 2015). The paper mentions big data, internet of things and electromobility. Classmate2 I agree with student2 that emerging technologies include energy storing batteries. I also concur with student2 that the framework proposed in Irene et al. paper (Irene, Michael, Sudhir, & George, 2015) is made of three steps: defining opportunity space, articulating opportunity space, and managing uncertainty and drive investment. I also agree with student2 about the explanation on real options framework and net present value. Real options framework provides alternatives at each decision point, while the net present value is a “do or never” approach to the development of new technology. I do not agree with his explanation on the generic approach, which according to the paper has to do with the development of new technology based on customer needs as opposed to analyzing emerging technology around the core capabilities of the company. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 1 Cloud-based Online Hospital App with Virtual Reality Functionality Activity 1 - Bibliography and Topic Introduction CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 2 Introduction My application will make it possible for patients to access health care services from the comfort of their homes through a cloud-based platform. Relying on the technology of virtual reality, the app will allow patients to be diagnosed and given the required medical advice without necessarily having to visit a hospital unless their condition is too critical to be treated remotely. The main benefit of this app is that it will make healthcare services easily accessible from any corner of our planet. Further, it will reduce many costs that patients undergo when looking for medical interventions. The company will develop a cloud-based online hospital App with virtual reality functionality. This technology is modern as it is based on contemporary technological aspects in form of cloud computing. Cloud computing is a current form of technology which is still under development. For instance, the use of applications has been popularized by the Android application. Besides, the use of services on-demand is a new concept which is at the core of cloud computing (Parekh & Saleena, 2015). Despite the associated benefits, potential pitfalls associated with this technology include failure to incorporate a data protection and recovery strategy. Hacking and failure to duplicate data are other significant pitfalls. The worst case scenario is a business failure but the management will embrace the ‘believe-and-lead’ option. In case of failure, the management will seek extra capital to preserve operational capacity. The technology will be assessed using the four interrelated steps; scoping, searching, evaluating, and committing. The scoping aspect holds that the scope of the project must be clearly defined. The technical capabilities, its competitive edge and ability to deploy rapid innovation have to be proactively defined. Once a firm determines the technology scope, it must now identify where to get it (search) (Kenny et al., 2013). A number of technology sources CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 3 include; inside the firm, public licensors, technical and trade literature. The next stage is evaluation where the firm sorts available options. This is the stage in which the firm identifies the best options. The aim is to identify the most appropriate in line with budgets, skills, and strategic ends. The last stage is the committing stage. The stage involves committing to one of the options. In context, the believe-and-lead option is the best in that the firm views the cloudbased online hospital App as promising and commercially viable. The technology is exposed to a number of risks. Market risks refer to the possibility of the investor undergoing loses due to market factors. Technology risks entail disruptions that arise from technological failures and data breaches. On the other hand, organizational risks involve losses that emerge due to uncertainty (Vrhovec, Hovelja, Vavpotič, & Krisper, 2015). It involves loses due to legal challenges, operational risks, and reputational challenges. In the context of the App, technological and organizational risks are more dominant. These two risks will require more attention as they determine market entry, operational capacity, level of adoption and profitability. A company can gain to achieve foresight regarding the markets and technologies through the use of the 3P’s model. The 3P’s is a contraction for perceiving, prospecting and probing. That is, a company should perceive current market happenings, probe its direction and in turn transform the information into strategies. Hazard analysis is an effective way of identifying potential risks within a company’s environment. Its full deployment enables firms to eliminates or control risks. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 4 Annotated Bibliography Choudhary, V., & Vithayathil, J. (2013). The Impact of Cloud Computing: Should the IT Department Be Organized as a Cost Center or a Profit Center? Journal of Management Information Systems, 30(2), 67–100. Choudhary & Vithayathil (2013) authorship presents a thorough analysis of cloud computing, with a particular focus on architecture development and market competitiveness. The authors have discussed how cloud computing fits into the larger IT organizational structure. They have discussed its key components such as IaaS, PaaS and SaaS. Additionally, the authors recommend the use of profit-center organizational structures as a competitive strategy in the cloud computing market. This article is important to the research as it explains information asymmetry as a technological barrier. The authors assert that the private knowledge held by firm managers affect their pricing and adoption. This information is crucial as it informs how best to narrow information asymmetry between the consumers and the cloud-based online hospital App. The information is reliable in that it is published in a reputable journal. It was also recently published, which signifies relevance to contemporary issues. Deshmukh, P. (2017). Design of cloud security in the EHR for Indian healthcare services. Journal of King Saud University - Computer and Information Sciences, 29(3), 281–287. This article discusses the use of cloud computing in the provision of health care. The authors have proposed a framework upon which healthcare providers can serve patients without comprising the security of their data. The security protocol proposed by the authors is extremely important to the research. More specifically, the information shows how the firm can discriminate on the product on the basis of its security infrastructure. The articles have shown how the cryptography functionality can be CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 5 used as a discriminator towards preserving the authenticity of its data system. The article is reliable as it is published in a reputable journal. Wisdom, J. P., Chor, K. H. B., Hoagwood, K. E., & Horwitz, S. M. (2014). Innovation adoption: a review of theories and constructs. Administration and Policy in Mental Health and Mental Health Services Research, NCBI 41(4), 480-502. Wisdom, Chor, Hoagwood, & Horwitz (2014) have detailed the process of innovation adoption. The authors have described the theoretical underpinnings that define innovation adoption. The systematic review revealed that several characteristics enhance the level of adoption. These include; leadership, motivation, operational size, norms, and values have a bearing on adoption. This article is important to the research as it not only discusses the process of adoption but also highlights the energizing factors. The information will help position and market the App more effectively. The article is relevant in that it is a government publication. Government entities are more accountable. Ramilo, R., & Embi, M. R. B. (2014). Critical analysis of key determinants and barriers to digital innovation adoption among architectural organizations. Frontiers of Architectural Research, 3(4), 431–451. Ramilo & Embi (2014) work discuss the barriers that define digital innovation. The authors have provided an in-depth analysis of the technological, organizational, process and psychological barriers that may likely frustrate digital innovation. This article is relevant to the task. The barriers discussed apply to small-medium firms such as our company. The article details the barriers that the App development will face. The article is reliable as it was recently authored. Its platform of publication is also reputable. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 6 Parekh, M., & Saleena, B. (2015). Designing a Cloud based Framework for HealthCare System and applying Clustering techniques for Region Wise Diagnosis. Procedia Computer Science, 50, 537 – 542. Retrieved from https://core.ac.uk/download/pdf/82606579.pdf This article concentrates on the application of the cloud system in healthcare. The authors identify and link the key segments and which are; patients, practitioners, symptoms, and diseases. Furthermore, they have discussed key components of the cloud system and its alternatives. Lastly, the authors have compared cloud computing to other existing frameworks in which they describe cloud computing as superior. The article is central to the research as it describes the conceptual model behind Platform as a Service (PaaS). The development of the Cloud-based Online Hospital App will rely on PaaS. As such, the article provides critical information on product development from the PaaS perspective. The article is reliable as it contains up to date information and it is published in a reputable journal. Griebel, L., Prokosch, H. U., Köpcke, F., Toddenroth, D., Christoph, J., Leb, I., Engel, I., Sedlmayr, M. (2015). A scoping review of cloud computing in healthcare. BMC medical informatics and decision making, 15, 17. Griebel et al. (2015) describe the theoretical models that govern clouding computing and its current state as well as the threats to successful application in healthcare systems. The authors systematically reviewed 102 publications to identify key themes in modern studies. The review identified that cloud computing has very few successful implementations. In part, the authors describe data and security challenge as well as external stakeholder involvement as notable threats to successful implementation. This article is important as it highlights the factors that favor the successful implementation of cloud computing. That is, cloud computing successfully deploys in singular and individual features. The company may model the App along these dimensions. The article draws its reliability from its recent date of publication and platform of publication. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 7 Di Benedetto, C. A. (2015). Diffusion of innovation. Wiley Encyclopedia of Management, 1-5. This article describes the concept of innovation diffusion. The article has comprehensively described innovation diffusion. The authors have anchored the description on a number of models such as Moore diffusion model and Rogers’ diffusion model. In addition, the authors have discussed how the models can be used to predict sales. The information is important as it informs entrepreneurs how to asses future market. The researcher will use the information to assess the size and viability of future markets for the healthcare App. The information is reliable since the article was published recently. Wiley journals are reputable, an aspect that enhances the reliability. Tanwar, R. (2013). Porter’s generic competitive strategies. Journal of business and management, 15(1), 11-17. This article differs from the rest on the basis that it leans towards product management. The author focuses on the particular ways through which a firm can establish its competitive advantages using Porter’s generic strategies. The author argues that a company can establish its sustainable competitive edge through cost leadership, segmentation, and differentiation. This information is extremely critical giving the App a competitive edge. It provides the management with a practical model upon which it can cultivate its superiority. Its date of publication and the platform of publication shape the information as reliable. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 8 References Bergstresser, D., & Pontiff, J. (2013). Investment taxation and portfolio performance. Journal of Public Economics, 97, 245-257. Buhaug, H., & Urdal, H. (2013). An urbanization bomb? Population growth and social disorder in cities. Global Environmental Change, 23(1), 1-10. Choudhary, V., & Vithayathil, J. (2013). The Impact of Cloud Computing: Should the IT Department Be Organized as a Cost Center or a Profit Center? Journal of Management Information Systems, 30(2), 67–100. Deshmukh, P. (2017). Design of cloud security in the EHR for Indian healthcare services. Journal of King Saud University - Computer and Information Sciences, 29(3), 281–287. Di Benedetto, C. A. (2015). Diffusion of innovation. Wiley Encyclopedia of Management, 1-5. Griebel, L., Prokosch, H. U., Köpcke, F., Toddenroth, D., Christoph, J., Leb, I., Engel, I., Sedlmayr, M. (2015). A scoping review of cloud computing in healthcare. BMC medical informatics and decision making, 15, 17. Hemlata Gangwar, Hema Date, R Ramaswamy, (2015) "Understanding determinants of cloud computing adoption using an integrated TAM-TOE model", Journal of Enterprise Information Management, 28(1), pp.107-130. Kenny, A., Hyett, N., Sawtell, J., Dickson-Swift, V., Farmer, J., & O’Meara, P. (2013). Community participation in rural health: a scoping review. BMC Health Services Research, 13(1), 64. Parekh, M., & Saleena, B. (2015). Designing a Cloud based Framework for HealthCare System and applying Clustering techniques for Region Wise Diagnosis. Procedia Computer Science, 50, 537 – 542. Retrieved from https://core.ac.uk/download/pdf/82606579.pdf CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 9 Ramilo, R., & Embi, M. R. B. (2014). Critical analysis of key determinants and barriers to digital innovation adoption among architectural organizations. Frontiers of Architectural Research, 3(4), 431–451. Tanwar, R. (2013). Porter’s generic competitive strategies. Journal of business and management, 15(1), 11-17. Vrhovec, S. L., Hovelja, T., Vavpotič, D., & Krisper, M. (2015). Diagnosing organizational risks in software projects: Stakeholder resistance. International journal of project management, 33(6), 1262-1273. Wisdom, J. P., Chor, K. H. B., Hoagwood, K. E., & Horwitz, S. M. (2014). Innovation adoption: a review of theories and constructs. Administration and Policy in Mental Health and Mental Health Services Research, NCBI 41(4), 480-502. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 1 Cloud-based Online Hospital App with Virtual Reality Functionality Activity 3 - Making Strategy dsddasdasdassddbcdsdqddsadasdfr203sadaddadasdadd Assignment 3 Grading Criteria Defined the issues that are important for your organization to understand better as a function of time, scope, and other decision variables. Identified the major stakeholders (or actors). Identified and discussed at least twenty key forces that would be shaping the future from the perspective of the issues defined in the first task. Rated each force in terms of its predictability and importance. Represented your forces as points labeled F1–F20 on an X-Y diagram, where the X axis represents the Predictability index and the Y axis represents the Importance index. Identified trends that might affect the issues of interest. Discussed how each trend will continue to exert an influence on the future. Identified and discussed key uncertainties. Selected the two most important key uncertainties and represented possible outcomes in a two-by-two matrix where each dimension is represented by one uncertainty with two possible outcomes. Developed each of the four scenarios by incorporating outcomes from other uncertainties and key trends. Refined the scenarios by addressing internal consistencies. Explained how you would revisit your scenario-planning procedure and use your scenarios to devise strategies and test them to address the full range of scenarios. Maximum Points 20 Earned Points 10 20 40 40 20 40 20 40 20 CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 2 Submitted a paper adhering to APA style and demonstrated graduate-level writing skills and information literacy. Total: 20 10 200 100 \Strategic Issues Numerous issues arise while using this technology. The first issue to understand as a function of time is the changing cost of technology (Moreno-Vozmediano, Montero, & Llorente, 2013). As the organization expands, the cloud computing platforms will attract more traffic and utilization. In this respect, the cost model is a function of time in that as time increases; operational costs will increase. Therefore, the organization must identify how to balance cost against the profit projections over time. The level of expertise needed is equally a function of time. As the Cloud-based Online Hospital App attracts more users, the cloud platform will need to be efficient to guarantee quality and positive user experience. In this regard, it is imperative for the organization to understand how to scale the system to accommodate the increasing demand. On the other hand, bandwidth issues will arise as the user traffic increases. It is exceptionally essential to understand how to magnify the bandwidth in line with consumer needs. Furthermore, a strategic plan is needed to aid the integration of the cloud computing App into the overall business strategy. Major stakeholders interested in these issues are the employees, customers, and the regulators. The employees are the most critical stakeholders in that they determine the performance of the App. They oversee its functionality. Thus they must have the needed CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 3 expertise. The government is an interested major stakeholder as it establishes the IT policies and regulation that govern cloud computing (Badger, Bernstein, Bohn, De Vaulx, Hogan, Iorga, & Sokol, 2014). The business has to comply with the all government policies to mitigate risks. The customers are interested parties in that they expect exceptional and quality service. Poor service will cultivate dissatisfaction and ultimately, lower retention rates. CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 4 The 20 Key Factors that Shape the Future of the Technology This section has evaluated 20 factors that will shape the technology and the organization in the future. The analysis will rate the factors on a scale of 1-5 where is 1 either predictable or important. On the other hand, a rate of 5 will mean very predictable or very important. ➢ Taxes – taxes will influence the cost of the technology (Predictability: 1 ; Importance: 5) ➢ Regulatory compliance – the government might subject the technology to more control, thereby making its use in specific regions difficult (Predictability: 2; Importance: 4). ➢ Foreign policy – trade sanctions in some countries will limit international reach (Predictability: 1 ; Importance: 2) ➢ Legal issues – the different legal regimes across nations will influence the level of technological adoption .The different regimes make compliance difficult and costly (Predictability: 1 ; Importance: 2) ➢ Consumer law – some countries such as the USA, Canada, and UK have strict laws (Predictability: 2 ; Importance: 1) ➢ The health and safety laws in certain countries might frustrate the product (Predictability: 2; Importance: 5) ➢ Population growth – rising global population, is a positive outlook in that the technology will target a broader consumer base (Predictability: 5 ; Importance: 5) ➢ Consumer lifestyles – Migration into online platforms is a positive force in that the service will have a broader market to target (Predictability: 2 ; Importance: 5) CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 5 ➢ Beauty norms – The social media has altered the perception of the self. Therefore, more people will seek advice on beauty products. In this respect, the technology is highly relevant in the age of social media (Predictability: 2; Importance: 5). ➢ Age distribution – the more significant proportion of the global population, is comprised of the youth. This aspect gives the technology a guaranteed market to target in the future (Predictability: 5; Importance: 3). ➢ Employment – the rate of employment is a key macro environment factor. Higher levels of employment give people higher incomes. That is, better employment rates in most market jurisdictions will likely increase demand for the service (Predictability: 2 ; Importance: 5) ➢ The popularity of the English language as the official business language will help the product navigate communication challenges (Predictability: 5; Importance: 5) ➢ Ethical issues – the technology is associated with considerable such matters as privacy, security and data protection. Ability to guarantee the ethical considerations will influence the adoption of the technology (Predictability: 1 ; Importance: 3) ➢ GDP growth – the rate of the global GDP growth will affect the adoption and pricing of the technology. Higher GDP growth will guarantee higher service adoption, and a premium strategy can be used (Predictability: 1; Importance: 5). ➢ Recession – recession or economic stagnation in critical markets will suppress technology adoption (Predictability: 2; Importance:1) ➢ Inflation – inflation is service adoption determining factor. Increasing inflation tends to limit consumer spending power. Therefore, a lower rate of inflation is favorable (Predictability: 1; Importance: 5) CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 6 ➢ Investment in R&D – The investment in the R&D is vital in developing better and more efficient cloud computing software (Predictability: 3; Importance: 5). ➢ Technology incentives – technology incentives are vital as they motivate research in the relevant areas (Predictability: 1; Importance: 5). ➢ The rate of technological change – The pace of technological change is a threat to the stability of cloud computing software. Rapid change can affect long-term planning while also adding considerable costs to the business (Predictability: 1; Importance: 5). ➢ Competition – the threat of entry in this sector is high. As such, the level of competition will influence internal strategies (Predictability: 1; Importance: 5) Graphical Representation The diagram below is a graphical representation of the 20 forces. The X captures the Predictability variables while the Y represents the Importance Index Uncertainties vs Trends 6 Y-Predictable 5 1, 5 2, 5 4 4, 5 5, 5 2, 4 3 5, 3 2 1, 2 1 2, 1 0 0 1 2 3 4 X-Predictable DF - X - Predictable Y - Important 5 6 CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 7 DRIVING FORCE Taxes 1 5 Regulatory compliance 2 4 Foreign policy 1 2 Legal Issues 1 2 Consumer Law 2 1 health and safety laws 2 5 Population growth 5 5 Consumer lifestyles 2 5 Beauty norms 2 5 Age distribution 5 3 Employment 2 5 English 5 5 Ethical issues 1 3 GDP growth 1 5 Recession 2 1 Inflation 1 5 Investment in R&D 1 5 Technology incentives 1 5 The rate of technological 1 5 4 5 change Competition CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 8 Key Trends and Uncertainties This section will discuss various trends and uncertainties in the cloud computing sector. The popularity of hybrid cloud computing is gaining momentum. This form of cloud computing combines two service models for optimal functionality. This trend will affect the company as the demand for more agile expertise will rise. More experts will be needed to enhance service delivery. Another direction is the heavy focus towards quantum computing. Firms are already repositioning to adopt quantum capabilities through cloud computing (Ashok, 2018). This trend will exert pressure on the business in that it will add more costs to the company particularly in the medium term. The third trend is the growth of Function-as-a-Service and serve-less. This trend means that users will not have to worry about resource management. This trend is vital to the organization as it will lower the cost of operations. A particular uncertainty is user disbelief in the ability of the providers to guarantee quality. Users have privacy issues that might affect product adoption. Another risk is the potential information theft by malicious entities. Other forms of concerns include data transfer rate, processing time and system reliability (Tchernykh, Schwiegelsohn, Alexandrov, & Talbi, 2015). Matrix Analysis Uncertainty 1: Privacy Issues Potential outcomes -Beach of Privacy -Data theft Uncertainty 2: System reliability Potential outcomes -Inaccessible service -Poor user experience Results from other uncertainties -Poor processing times Low data transfer rate 1. Scenario-Planning Procedure CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 9 The area that warrants a revisit is the step that discusses the plausible scenarios. In the analysis, two critical scenarios were identified as well as the potential outcomes. If I revisit the step, I will identify how each situation will add value to the organization. Also, I would explicitly identify the constraints and obstacles that define the possible solutions. The potential privacy issues will be prevented by always encrypting data at all times. Besides, data safety will be guarded using a range of data loss prevention tools. The organization will employ a variety of software testing methodologies to test whether data protection tools are useful. On the other hand, system reliability will be guaranteed through the use of powerful computing tools. The system will rely on a 5GHz bandwidth to enhance the processing power. The authenticity of the system will be tested using consumer surveys. References Ashok, A. (2018). Four Trends In Cloud Computing CIOs Should Prepare For In 2019.Retrieved from https://www.forbes.com/sites/forbestechcouncil/2018/07/05/four-trends-in-cloudcomputing-cios-should-prepare-for-in-2019/#7d5b69c34dc2 Badger, L., Bernstein, D., Bohn, R., De Vaulx, F., Hogan, M., Iorga, M., & Sokol, A. (2014). US government cloud computing technology roadmap. US Department of Commerce, National Institute of Standards and Technology. Moreno-Vozmediano, R., Montero, R. S., & Llorente, I. M. (2013). Key challenges in cloud computing: Enabling the future internet of services. IEEE Internet Computing, 17(4), 18-25. Tchernykh, A., Schwiegelsohn, U., Alexandrov, V., & Talbi, E. (2015). Towards Understanding Uncertainty in Cloud Computing Resource Provisioning. Procedia Computer Science. Running head: CLOUD-BASED ONLINE HOSPITAL APP WITH VIRTUAL REALITY FUNCTIONALITY 1 Cloud-based Online Hospital App with Virtual Reality Functionality Activity 4 - Investing for the Future CLOUD-BASED ONLINE HOSPITAL APP 2 Activity 4—Investing for the Future This week, you will continue developing your project research and analysis on the emerging technology topic you selected in Activity 1. You will continue to gather information sources from the South University Online Library and the Internet to develop your bibliography. For this assignment, you will use an options framework for the emerging technology you chose. The notion of real options pertains to tangible asset s, such as capital expenditure, rather than financial instruments. Some examples of real options include the flexibility to defer making a decision; expanding, modifying, or contracting a project; investing in R&D with the intent to create new opportunities; and acquiring new technologies. Therefore, a real option is an actual business outcome that is valued in terms of strategic choices that an organization may gain by making specific decisions. Tasks: Utilizing the concepts introduced this week, address the following tasks pertaining to your project topic: • • • The real option framework is based on the view that all decisions are options decisions in the sense described above. First, you will need to refine your organization’s profile, that is, whether it is a product-oriented or service-oriented company, what its size is, what its financial state is, and what its competitive posture is in the industry where it operates. Then, identify and explain some typical decisions that could apply to your organization in conjunction with the adoption of your selected emerging technology and that have the potential to derive real options. Select one decision that you would like to tackle that you believe has the greatest potential for creating real options. Analyze your decision using a hierarchical decisiontree structure to represent opportunities for managerial decisions through several levels. The branches of your decision tree will capture the decision alternatives and associated outcomes at each level, starting from the single root (your initial decision). Recognize and discuss all possible subsequent decisions captured in your tree from which value-adding real options can be derived. Constructing your decision tree may force you to refine your set of assumptions for your organization. See the figure provided in in this week's Supplemental lecture, Decision Tree for an example of a decision tree. Address the valuation process of your real options. Discuss the potential benefits associated with the strategic choices that you identified through your decision tree. Examples of value-adding aspects are increased revenue associated with the successful commercialization of your selected emerging technology, strategic positioning creating opportunities for a competitive advantage, and an expanded knowledge base that can CLOUD-BASED ONLINE HOSPITAL APP • • 3 be leveraged for future decisions. Include the investment costs associated with the decisions in your analysis. Describe a process for implementing the real options you arrived at via your decision analysis for your chosen emerging technology. Specifically, analyze how the organization will monitor progress in conjunction with the decisions, how it will test and update assumptions made in deriving the real options, and how it plans to exercise the options. Consider the proposition that knowledge-based firms tend to have high Price-Earnings (P/E) Ratios, low payout ratios, and low debt/capital ratios. Discuss how these financial notions apply to your organization's adoption of your selected emerging technology. Also, discuss the possible justification for synergy and diversification. Real Option Framework To ensure that the cloud-based online hospital becomes successful in offering virtual reality services to its patients, a number of concepts need to be addressed. To achieve this, it is important to focus on the hospital's framework that provides the major decision-making processes. To start with, the online hospital app should be able to address the investment beliefs that addresses the consequences that the service will face. The aspect should also be able to provide a foundation for the app that provides a long-term strategy in its investment that is sustainable. Since the investment beliefs involve the principles and values of an organization, they should ensure that all the stakeholders are committed to the investment. The beliefs also focus on analyzing the practical implication of the strategy, a reflection of the investment process, and determine the purpose and method be deployed in the investment process. Secondly, it is important for the hospital management to determine the apps risk appetite statement through developing a statement that indicates the major risks involved and risk measures to be used that are appropriate for the organization. In an aim of investing in the cloud-based online app, the investors should be able to define, accept and also manage the uncertainties or risks that may accompany long-term investment. The main focus of the long-term RAS is to CLOUD-BASED ONLINE HOSPITAL APP 4 articulate the motivation towards accepting and mitigation of certain risks (Valero, 2016). Moreover, it also identifies the constraints that the hospital may face and in support of the investment horizon through identification of the patient environment and the economic state. The organization's profile can also be established through a benchmark process that measures the success of the strategies used. The process focuses on how to achieve value creation and how to clearly articulate investment strategies. In this case, the process should determine the investment strategy to be used and the investable area. Secondly, the hospital managers should be able to decide on how to achieve a long-term value creation and also determine a benchmark process that is able to gauge the future results. This process involves the definition of the strategy that aims at conveying the risks expected and determine the success of the strategy used. Thus the strategy provides the main communication tool for the organization to its clients, media, beneficiaries, contributors and the general public. Execution of the benchmark, on the other hand, tries to provide a means to implement the intended strategy that is the most convenient and costeffective. In determining the hospital's financial state, it is necessary to evaluate the internal and the external assets though putting emphasis on the process involved, the behaviors, and consistency of the long-term expectation. The initial phase utilizes qualitative evaluation as it is important in creating a better relationship with the asset manager before establishing a full credible performance. To ensure a sound long-term asset qualitative evaluation, a number of elements should be addressed. Some of the major elements include the ability to coherently express and implement ideas, being transparent in the decision-making process, being loyal to the main agenda, and being able to manage risks effectively (Valero, 2016). For the hospital to succeed in implementing the online app, the managers should be ready to embrace qualitative performance CLOUD-BASED ONLINE HOSPITAL APP 5 measures, be able to effectively evaluate the importance of time in the alignment of assets between stakeholders and managers, and be able to recognize long-term investment objectives. In addition, to the major framework of the hospital, it is important to outline basic guidelines, the terms involved in the engagement, the fee incurred and another related aspect. In this case, the organization needs to provide a proper mandate in regard to the rules and rewards and the legal perspective. The main objectives that can help in the adoption of the new technology include knowing of your goals, determining the hospital's core values, providing a mission statement and vision that to enable achievement of the intended goals and objectives, establish timeframes, avoid being ambiguous and be able to think ahead. Determining Real Options In order to provide real options to the medical industry using the online-based hospital app, major decisions should be determined by engaging in risk appetite statement analysis. The statement focuses on establishing guidance that will provide the necessary requirements for managing the app and virtual reality functionality. Through engaging, the requirements of the Financial Reporting Council, main attention should be paid to the risk management process, business model, and board discussion. The FRC risk guidance provides management responsibilities that should be met and to achieve these requirements; the organization should develop a number of risk appetite statements. The methodology to be utilized should be able to identify the stakeholders and the main expectations, establish the level of risk that is desirable, and be able to define an acceptable range of volatility or uncertainty. Moreover, the decisions made should accommodate major risk tolerances that focus on uniting current risk exposures with risk appetite. In addition, the decisions should formalize the risk appetite statements, communicate the statement to relevant stakeholders, and initiate their implementation in regard to the specifications. CLOUD-BASED ONLINE HOSPITAL APP 6 To create real opportunities, the risk appetite should determine the context for the risk by establishing the external environment of the hospital. This will help in ensuring patient satisfaction as it will provide clear information about the external situation in the region the organization exists. Secondly, it is important for the risk appetite statement to have proper design and content that will provide the relevant skills needed to access the risks that the organization faces and for guidance in the decision making processes. Thirdly, a clear approach should be developed to help in the implementation of the risk statements through analyzing the risks that should be considered including the safety measures, compliance, the financing, the legal requirements, and the technological aspect. The aspect provides a risk management process that will help in the identification of the risks that may be encountered and analyzing the basic causes of each risk and the relevant impact (Brink, Gouldman, & Victoravich, 2018). Furthermore, the decision made should be in a position to monitor the impact of the risk appetite statements by providing relevant information that is to be integrated into the implementation of the cloud-based online hospital app. Lastly, the hospital management should develop principles that will guide in the governance of the statements. I cannot see how any of the above information addresses your assigned tasks, as listed below: • • First, you will need to refine your organization’s profile, that is, whether it is a product oriented or service-oriented company, what its size is, what its financial state is, and what its competitive posture is in the industry where it operat es. Then, identify and explain some typical decisions that could apply to your organization in conjunction with the adoption of your selected emerging technology and that have the potential to derive real options. Select one decision that you would like to tackle that you believe has the greatest potential for creating real options. Analyze your decision using a hierarchical decisiontree structure to represent opportunities for managerial decisions through several levels. The branches of your decision tree will capture the decision alternatives and CLOUD-BASED ONLINE HOSPITAL APP 7 associated outcomes at each level, starting from the single root (your initial decision ). Recognize and discuss all possible subsequent decisions captured in your tree from which value-adding real options can be derived. Constructing your decision tree may force you to refine your set of assumptions for your organization. See the figure provided in in this week's Supplemental lecture, Decision Tree for an example of a decision tree. Valuation Process To address the valuation process of the real options, some of the strategies that can be deployed include cost leadership, focus, and differentiation. The investment beliefs should target the market by determining the patients, their needs and how to improve their lives. From the risk appetite statements, the organization can be able to establish the benefit its services will provide to individuals and also determine the real competitors and establish better strategies to improve on the competitive advantage. The competitive advantage of the cloud-based online hospital app can also be increased by engaging the benchmarking process (Ahuja, & Novelli, 2017). In increasing the valuation process, some of the strategies such as cost leadership will help in regulating the price of the service offered. Differentiation will help in providing better services than other relevant organizations by engaging in innovative strategies and lastly utilize focus in understanding the target market better than other competitors. Implementation Process Development of a good strategic plan without proper implementation cannot increase the competitive advantage of the organization. However, by executing the strategies that have been determined will enable the organizations to have a different perspective that can help it have a different approach or do better than other organizations in the industry. To achieve the targeted financial and strategic plan that ensures organizational survival and success, the organization needs to create and maintain a match between the strategies deployed and the targeted environment (Van CLOUD-BASED ONLINE HOSPITAL APP 8 der Kolk, & Schokker, 2016). This can be attained by ensuring that a strategic diagnosis is determined by knowing the changes that the organization needs to make in its internal capabilities. Financial Notions Increasing the competitive advantage of the cloud-based online hospital app requires the hospital management to do things differently or better than their counterparts. The hospital also should ensure that it understands the patients’ requirements thus help in providing the necessary services or even better than your rivals. By utilizing the cost leadership, differentiation, and focus strategies, the cloud-based app can gain a competitive advantage by engaging in different approaches, providing services at relatively low prices and attaining the patient requirements. The main objective of determining the price-earnings, and other current share prices in the market it to determine the available information in regard to investment. The available information helps in analyzing the patient situation and thus come up with an appropriate cash flow that will enable engage in fair valuation of services provided by the online hospital app. Since the app utilizes technology, most of the strategies will be based on how to effectively incorporate the new technology in providing medical services (Farre-Mensa, & Ljungqvist, 2016). Additionally, the hospital management should give proper guidelines on diversification and alternative strategies that are to be deployed in an event the app reaches maturity. Most of these strategies need to address issues including market entry, operational capacity and the level of adoption of the app. References CLOUD-BASED ONLINE HOSPITAL APP 9 Ahuja, G., & Novelli, E. (2017). Redirecting research efforts on the diversification-performance linkage: The search for synergy. Academy of Management Annals, 11(1), 342-390. Brink, A. G., Gouldman, A., & Victoravich, L. M. (2018). The Effects of Organizational Risk Appetite and Social Pressure on Aggressive Financial Reporting Behavior. Behavioral Research in Accounting. Farre-Mensa, J., & Ljungqvist, A. (2016). Do measures of financial constraints measure financial constraints?. The Review of Financial Studies, 29(2), 271-308. Valero, A. (2016). Investing in the future of the UK: LSE relaunches its Growth Commission. LSE Business Review. Van der Kolk, B., & Schokker, T. (2016). Strategy implementation through hierarchical couplings in a management control package: an explorative case study. Journal of Management Control, 27(2-3), 129-154.
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Running head: REPORT ON EMERGING TECHNOLOGIES

Report On Emerging Technologies
Student’s Name
Course Number- Name Of Course
Instructor’s Name
Date

1

REPORT ON EMERGING TECHNOLOGIES

2

Overview of the topic
The research carried out on emerging technologies has incorporated various studies
which have ideally confirmed the positive impact brought about by rapid technological
advancement. The advancement of technology has been attributed to the fact that such
emerging technologies are significantly changing the nature of work. Activity one of the
research has presented the company's idea of developing a hospital App that is based on
cloud-based online virtual reality functionality, which is just one of the vital emerging
technologies which will provide a positive impact in the hospital industry. From this
perspective, it is apparent that the application will provide a reliable platform for patients
who can easily access health care services from the comfort of their residence. This is
attributed to the fact that the App will be offering virtual reality which will make it easy for
patients to be diagnosed and get the required medical advice without making way to
hospitals. However, with a worsening condition that will need physical treatment, the patient
will have to visit the healthcare center.
The move to develop a cloud-based online hospital App with virtual reality represents
one of the modern technologies considering that it relies on cloud computing for its service
delivery. Technological reports agree on the idea that cloud computing services are boosting
the power of the internet especially with the current crop of emerging technologies. It is also
apparent that cloud computing has increased productivity which will significantly help in the
service delivery for the cloud-based online hospital App which will not need a manual set up
of virtual private network Parekh and Saleena, 2015). From this perspective, it is apparent
that a good number of people can use the same application without undergoing the various
forms of installation and maintenance of the App on the client’s device from any place and
anytime. Besides, cloud computing has also made the life of people easier and this directly
relates to the cloud-based online hospital app which will undoubtedly provide a platform for

REPORT ON EMERGING TECHNOLOGIES

3

both the patient and doctors to share and access information and data with high speed and
accuracy.
Assessment of technology is another vital aspect, especially when incorporating new
and emerging technologies. As discussed in the assignments, assessment of technology will
require four interrelated steps which include; scoping, searching, evaluating, and committing.
In order to have a successful app within the market and success in operation, then it would be
ideally important to analyze the Application’s scoping aspect which must be precisely
defined. Some of the fundamental aspects to analyze is whether the emerging technology has
a competitive edge in the industry it operates, its technical capabilities, and the ability of the
technology to deploy rapid innovation. Gangwar and colleagues (2015) explain that once a
firm has done a good analysis of the technology scope, the IT staff have to identify where to
get it. There is a variety of technology sources which a firm can rely on. For instance, public
licensors, the firm itself, technical and trade literature will act as significant sources.
Identifying the best options during is also an important part during the evaluation process
where the managers should put into account the budgets, skill and strategic ends of such
technologies.
A variety of business studies agree that businesses relying on technology should
identify risks for their IT data and systems. This helps to reduce such risks and to develop a
reliable response plan in case of a possible problem to the emerging technology. From the
perspective of developing a cloud-based online hospital App with virtual reality, market risks,
technology risks, and organizational risks should be considered. Vrhovec and colleagues
(2015) create a deep insight in regard to what organizational risks really entail. They
conclude that organizational risks involve the losses that occur due to uncertainty caused by
operational risks, legal challenges, and reputational challenges. Besides, technology risks are
all about disruptions that arise from technological failures and data breaches. Also, as

REPORT ON EMERGING TECHNOLOGIES

4

discussed in the assignments, market risks is all about the likelihood of an investor
undergoing a form of losses caused by market factors. The incorporation of the 3Ps model
can significantly offer the desired insight concerning the technologies and markets. Th...


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