LEARN MORE...

26314252 1

Content type

User Generated

Subject

Writing

School

University of the Cumberlands

Type

Homework

Uploaded By

Vafvqre47

Pages

Showing Page:

1/4

Running head: GLOBALIZATION AND INFORMATION TECHNOLOGY 1

Globalization and Information Technology

Student’s Name

Institutional Affiliation

Showing Page:

2/4

GLOBALIZATION AND INFORMATION TECHNOLOGY 2

Globalization and Information Technology

Globalization involves the speedup of exchange and movement all over the planet. Some

of the speedup elements include information, technology, labor, and products across national

borders and culture. Therefore, an increase in globalization increases the level of dependence of

nations, which is influenced by cross border trade (Rodrik, 2018). For most corporates,

globalization plays a role in creating a platform to gain a competitive advantage. The level of

free trade determines the success of globalization.

In the last few decades, technology has significantly impacted the global economy. This

has led to the transformation of most businesses in the market place. Information technology has

helped to lower the operating cost of business. Technology has led to robotic systems

development, which only needed a few people for technical control. Information technology has

also led to the development of business analytics, which is vital in business transactions

(Kasemsap, 2016). For example, predictive analytics helps companies to analyze data and predict

important events that the business can take advantage of in the future. This has an impact on both

consumers and producers. For example, producers can predict the demand hence avoid

overproduction while consumer satisfaction is improved in terms of quality of goods and service

provision. Another role is fostering innovation in smart applications, wider information

distribution, faster processing, and improved data storage (Kasemsap, 2016). Through such

innovation, businesses are able to run more efficiently. Information technology also plays a role

in improving decision making. For the global economy to make effective decisions, there is a

need for adequate information that provides enough insight into the problem. Through this, the

supervising team can develop several solutions to a problem and increase the effectiveness of the

alternative decision implemented to mitigate the issue.

Showing Page:

3/4

End of Preview - Want to read all 4 pages?

Access Now

Unformatted Attachment Preview

Running head: GLOBALIZATION AND INFORMATION TECHNOLOGY Globalization and Information Technology Student’s Name Institutional Affiliation 1 GLOBALIZATION AND INFORMATION TECHNOLOGY 2 Globalization and Information Technology Globalization involves the speedup of exchange and movement all over the planet. Some of the speedup elements include information, technology, labor, and products across national borders and culture. Therefore, an increase in globalization increases the level of dependence of nations, which is influenced by cross border trade (Rodrik, 2018). For most corporates, globalization plays a role in creating a platform to gain a competitive advantage. The level of free trade determines the success of globalization. In the last few decades, technology has significantly impacted the global economy. This has led to the transformation of most businesses in the market place. Information technology has helped to lower the operating cost of business. Technology has led to robotic systems development, which only needed a few people for technical control. Information technology has also led to the development of business analytics, which is vital in business transactions ...
Purchase document to see full attachment

Tags: globalization information technology development information era cross boarder trade level of nation dependency