Businesses are able to outsource the function to other businesses with the help

Businesses are able to outsource the function to

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Businesses are able to outsource the function to other businesses with the help of digital technology. Hence, companies are able to lower costs because they are able to outsource services like technical support and customer service. As a result, the company is able to focus on completing business functions that they are best at which improves business activities (Fitzgerald, et al., p.1, 2014). In the case that the available manpower is not enough, or the
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THE IMPACT OF DIGITAL TECHNOLOGY ON BISINESS ACTIVITY 8 facilities available are not proper for a certain business operation, outsourcing function is the best option. With the help of technology, a company is able to outsource function in the areas that offer cheap services irrespective of the location. Hence, the function can be outsourced either locally or in foreign countries. Technology moves at an exponential pace that makes people to change their linear way of thinking while conducting business activities. The business environment has been transformed from the linear way and it is followed by the digital laws that do not require a step-by-step advance (Grishikashvili, Dibb, and Meadows, p.149, 2014). The informational content of products and services has increased and it drives the change in the digital world. In the past, businesses used to operate in a world that focused on transforming matter energy. However, in the world today, technologies that are driven by information are the ones that are used to create value such as 3-D and genomics. It is possible that all the technologies in the future will be used for information and the rates of progress will be exponential. Hence, digital technology has transformed the way value is created as well as the pace that things move at. Digital technology has reduced business models, unlike the past whereby business models did not change. For instance, in the industrial age, ways of creating, capturing, and delivering things was constant and the management practice was focused on execution. However, in the contemporary world, the business models do not exist anymore (Westerman, Bonnet, and McAfee, p.12, 2014). Everybody is expected to adapt to how business is run in the world today because a number of upheavals are expected in all the industries. In addition, the process of digital technology keeps on accelerating which requires companies to keep up through having more experience and fewer plans. Hence, digital technology is creating a strategic shift in the
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THE IMPACT OF DIGITAL TECHNOLOGY ON BISINESS ACTIVITY 9 way that business activities are conducted making strategy an emergent and collaborative aspect of business operations. Technology is an important aspect of the business environment in terms of improving the operations and the functions of Flex Company. As a result, digital technology plays an important role in the existence of the company, which makes it important for the heads of the company to be on the lookout for developments and updates in the digital world. As a result, they are able to
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