Contemporary ICT and Engineering Issues

Question: Discuss about theContemporary ICT and Engineering Issues. Answer: Digital Business Digital Business is the process of creating new and improved business designs by the procedure of blurring out the physical and digital worlds.[1] Digital Business is a broad topic that caters the demands of digital customer and is an amalgamation of e-commerce, collaborative economy and APIs.[2] Digital Business refers to the set of methods and procedures that fulfill the customer vision by creating new values in the market and builds foundation capabilities that support the overall architecture.[3] I agree with the first definition as digital business is much more than e-business due to the presence of a number of components and entities belonging to the physical as well as the digital. It is rightly an amalgamation of both of these fields. I partially agree with definition two as the demands of the digital customers are definitely met by the digital business but it is way more than e-commerce or collaborative economy. It is a massive integration of things, people, ideas and strategies. I agree with definition three as the customer vision is met by the methods of digital business and it has definitely provided new values in the market and has provided the existing practices a complete transformation. Digital business is a real concept as the present era is an era of digital innovation and technologies. The customers and their demands also revolve around the digital media and methods. Digital business, thus, provides a set of methods that can achieve the same by integrating a number of physical ad digital entities. Internet of Things Internet of Things (IoT) is a network of objects that are connected together from various mediums and sources and function together in the presence of network which is mostly the Internet. IoT is a disruptive trend as it is set to introduce new value creation and value capture in the market. It disrupts the business models by succeeding a shift of mindset associated with customer needs, offering, and role of data, control points and capability development as well.[4] Big Data The three characteristics of Big Data are as described below: Volume Big data comprises of massive volume and huge chunks of data for a particular organization or an industry and comprises of structured, semi-structured and unstructured data. Velocity In the traditional practices, data was gathered with the aid of batch processes. However, Big Data allows gathering and collection to take place in real time and thus enhances the velocity of the entire process. Variety Format is no longer a constraint during data gathering, collection and analysis and the same is a prime characteristic of Big Data. It stores, handles, analyzes and manages varied data types and formats.[5] Social Media Web 1.0 Web 2.0 It is a readable phrase of the World Wide Web (WWW) It is the writable phrase of the World Wide Web (WWW) It comprises of flat data It comprises of interactive data It basically allows the users to provide information and does not support interactions It allows the users to freely interact with each other It includes informational portal as a prime capability and feature It includes information sharing, interaction , participation and collaboration as prime capabilities Example: Personal web sites Example: YouTube, Facebook, blogs[6] Cloud Computing Gartner has highlighted a number of myths that are associated with cloud computing. Out of the 10 myths that have been covered, one of them same that cloud is always about money. This is necessarily a myth as there are a number of services and platforms that are present over cloud for negligible price or even free of cost. There are multiple cloud based databases that can be downloaded and used for free. The money that is involved with cloud depends upon a lot many factors such as type of service required, aim of the service, primary goals, platform to be used and many others. Thus, this is rightly a myth and the money around the concept should never be taken for granted. References Cormode, G. and Krishnamurthy, B. (2008). Key differences between Web 1.0 and Web 2.0. First Monday, [online] 13(6). Available at: https://firstmonday.org/article/view/2125/1972 [Accessed 6 Sep. 2016]. Drner, K. and Edelman, D. (2016). What digital really means. [online] McKinsey Company. Available at: https://www.mckinsey.com/industries/high-tech/our-insights/what-digital-really-means [Accessed 6 Sep. 2016]. Gartner, (2014). Digital Strategy - Free Research from Gartner - Click Here. [online] Gartner IT Glossary. Available at: https://www.gartner.com/it-glossary/digital-business/ [Accessed 6 Sep. 2016]. Hinchcliffe, D. (2015). What is Digital Business? Is it E-Commerce, the Collaborative Economy, or APIs? Yes. Adjuvi. [online] Adjuvi.com. Available at: https://adjuvi.com/what-is-digital-business-is-it-e-commerce-the-collaborative-economy-or-apis-yes/ [Accessed 6 Sep. 2016]. Hui, G. (2014). How the Internet of Things Changes Business Models. [online] Harvard Business Review. Available at: https://hbr.org/2014/07/how-the-internet-of-things-changes-business-models [Accessed 6 Sep. 2016]. Ishwarappa, and Anuradha, J. (2015). A Brief Introduction on Big Data 5Vs Characteristics and Hadoop Technology. Procedia Computer Science, [online] 48, pp.319-324. Available at: https://www.sciencedirect.com/science/article/pii/S1877050915006973 [Accessed 6 Sep. 2016].