Running head: ANALYTICAL EXECUTIVE REPORT 1

Analytical Executive Report

Name

Institution

Date
ANALYTICAL EXECUTIVE REPORT 2

Analytical Executive Report

Question One:

Blockchain is a technology system that is used to record information in a unique way

to eliminate potential hacking, alteration, or cheating of the system. In essence, a blockchain

provides a transactional digital ledger, which is duplicated and distributed in a network

consisting of computer systems that exist in a chain of protected blocks (Ahmad, Khan, &

Kamal, 2019). The security of the system is based on the arrangement of the systems and the

associated system of alteration. For that manner, one of the fundamental utilities of the

blockchain is the creation of a permanent and transparent public ledger system that performs

to compile sales data. Blockchain could also be used to track how content creators use digital

platforms' payment systems. Apart from this, blockchain could be used to enhance the secure

sharing of medical information. The subject matter could also be used in NFT marketplaces,

cross-border payments, real-time IoT operating systems, personal identity security, tracking

of anti-money laundering systems, and monitoring of both supply chain and logistics.

Question Two:

Cryptocurrency is becoming the current way of promoting purchases. The increased

usage of cryptocurrency in the current business environment is based on its digital or virtual

existence and the ability to deploy cryptography to enhance the security of transactions.

Although cryptocurrencies are normally regarded as risky ways of securing transactional

activities, effective engagement of the subject matter is considered a profitable option. Its

benefit is normally essential to gaining direct exposure to digital currency demand. Therefore,

the luxury in cryptocurrency is normally realized based on its safety. In essence, one potential

benefits of the cryptocurrency are the involved safety. An organization operating in my

industry would benefit from a high level of security associated with cryptocurrency (Hileman

& Rauchs, 2017). Unless an individual hacks private keys used to access the systems, which
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is also impossible considering the policies associated with the alteration of the blockchain

technology used in cryptocurrencies, it is impossible for any intruder into the system to

access the organizational funds or sign transactions. The blockchains work to enhance the

right environment for securing transactions of an organization, and the safety issue would

only arise with a potential loss of the private key of the company.

Another potential benefit that organizations operating in the industry would realize

with the engagement of cryptocurrencies is increased transaction speed. Companies would be

able to influence a fast transfer of money from one account to another regardless of the

geographical location of the transaction. Contrary to other forms of transactions, which take

up to five days to initiate transactions, cryptocurrency transactions would take only 24 hours

to initiate transactions (Hileman & Rauchs, 2017). Completion of cryptocurrency transactions

is normally achieved in minutes. The only requirements for validating a cryptocurrency

transaction are a confirmation of the block associated with the transaction. Another benefit

that companies within the industry would realize with the engagement of cryptocurrency

revolves around low transaction costs. Accessibility of cryptocurrencies is also easy,

something that will be of significant benefit to companies that adopt the payment method.

Other potential benefits of the cryptocurrency range from increased privacy, transparency,

diversification, to inflation protection.

Question three

The ideal role of 3d printers is the creation of three-dimensional objects through a

layering technique using computer-aided design (CAD). Such a role of the 3d printers is

normally made possible due to the commitment of the subject matter to facilitating layering

such materials as composite, plastic, or biomaterials to come up with objects that are arranged

in color, rigidity, size, and shape. One of the potential innovative ways of utilizing 3d printers

is to cast molds (Schubert, Van Langeveld, & Donoso, 2014). This is based on its ability to
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enhance speed for making production-ready products and parts. The use of 3d printers

ensures quick testing, a factor that makes it beneficial to engage the subject matter in the

casting of molds. Another innovative way in which 3d printers are currently being used is in

the modeling of implants and organs. The use of 3d printing of both organs and implants is a

medical reality. The use of 3d in making the implants and organs is achieved through a

detailed scan of the body of a patient. The 3d printers can also be used effectively and

innovatively in buildings. The use of the subject matter in buildings can be less expensive and

environmentally friendly compared to traditional housing. The 3d printers can also be used

innovatively in 3d printed foods, jet engines, and flexible and stretchable electronics.

Question Four:

The use of computing techniques to facilitate simulation of automobile crash tests is

considered advantageous compared to staging the crash. One potential advantage associated

with the use of grid computing to facilitate simulation of automobile crash test as opposed to

staging the crash revolves around the involved savings, which normally results from not

having scrap cars (Gupta, Vahid Dastjerdi, Ghosh, & Buyya, 2017). Another potential benefit

of using computing to simulate automobile crashes is the reduction of the time taken to the

market due to the rapidity associated with conducting the test. Computer simulations will be

of great benefit in promoting solutions to difficult situations in my industry. One of how

computer simulations would be used is in both social and behavioral sciences. The subject

matter will be utilized in the study of the interactions of many individuals. Computer

simulation will also be used in my industry to ensure simulation of bulk matters. This will be

achieved through the treatment of the target materials as a field that is undergoing stress and

strain at a relatively coarse level description.

One potential advantage that would be realized with the engagement of the computing

simulation in the industry of professional application is based on its ability to evade danger
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and loss of life (Gupta, Vahid Dastjerdi, Ghosh, & Buyya, 2017). The ability of the

computing simulation to influence verification conditions and investigation of outcomes is

also another potential advantage that would be realized with the engagement of the subject

matter in my industry of professional application. Computing simulation will also work to

reduce the risks involved in the establishment of investigations. The technique is also cost-

effective and aids in speeding up the study of behaviors within a long period, a factor that

will also be of significant value to the industry of professional application.

Question Five:

Effective expansion of the new technologies should work to influence the right

environment for enhancing innovations to promote a positive response to user experience.

One of the potential ways that I would ensure the effective expansion of the new technologies

is by incorporating the concept of cloud technology, IoT, and artificial intelligence. A

combination of the functionality of the three new technologies will work to ensure minimum

engagement of human physics while improving the performance of decision making, a factor

that will be responsible for the increased outcome in the management of the organizational

activities (Gill, et al., 2019). Efficiency in the establishment and implementation of

management decisions will be realized through quality, effective time management,

reliability, and total stakeholder satisfaction.

Matters related to big data analysis will be automated, with the role of the new

technologies to facilitate automatic recording, transporting, analyzing, and interpreting data

for easy decision-making within the company. For example, the use of artificial intelligence

technology, the internet of things, and cloud technology will be encouraged to enhance the

right environment for improving the management of the supply chain system (Gill, et al.,

2019). To achieve this, the new technologies will use the internet of things technology to

ensure the recording of various information including store management information,

transportation information, marketing information, and production information. The recorded

information will then be transmitted and stored effectively in various cloud-based

technologies.

From here, various artificial intelligence technologies realized from improved online

applications will work to analyze the information online using relevant algorithms, interpret

the information, and display the result in dashboards for easy understanding and decision-

making within the company. With this, the company will be able to reduce the cost of

managing decision-making while paying attention to efficiency, reliability, accessibility,

quality, and effectiveness of business decisions. However, to enhance security and secure

accessibility of the stored data within the system among the authorized system users, the

expansion of the new technology will use blockchain technology. This will also create a

better environment for involving cryptocurrency in handling payment options, a move that

would reduce the time of implementing management decisions while influencing efficiency

in the entire initiative.

References

Ahmad, S. S., Khan, S., & Kamal, M. A. (2019). What is blockchain technology and its

significance in the current healthcare system? A brief insight. Current

pharmaceutical design, 25(12), 1402-1408.

Gill, S. S., Tuli, S., Xu, M., Singh, I., Singh, K. V., Lindsay, D., & Garraghan, P. (2019).

Transformative effects of IoT, Blockchain and Artificial Intelligence on cloud

computing: Evolution, vision, trends and open challenges. Internet of Things, 8,

100118.

Gupta, H., Vahid Dastjerdi, A., Ghosh, S. K., & Buyya, R. (2017). iFogSim: A toolkit for

modeling and simulation of resource management techniques in the Internet of

Things, Edge, and Fog computing environments. Software: Practice and Experience,

47(9), 1275-1296.

Hileman, G., & Rauchs, M. (2017). Global cryptocurrency benchmarking study. Cambridge

Centre for Alternative Finance, 33, 33-113.

Schubert, C., Van Langeveld, M. C., & Donoso, L. A. (2014). Innovations in 3D printing: a

3D overview from optics to organs. British Journal of Ophthalmology, 98(2), 159-

161.