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Impact of Emerging Technologies On E

The document discusses the impact of emerging technologies on e-business, focusing on Artificial Intelligence (AI), Blockchain, Cloud Computing, Augmented Reality (AR), Virtual Reality (VR), and Big Data Analytics. It outlines the concepts, features, applications, and real-life examples of each technology, highlighting their transformative potential in various industries while also addressing ethical issues and challenges. The document emphasizes the importance of these technologies in driving digital transformation and enhancing business operations.

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0% found this document useful (0 votes)
19 views10 pages

Impact of Emerging Technologies On E

The document discusses the impact of emerging technologies on e-business, focusing on Artificial Intelligence (AI), Blockchain, Cloud Computing, Augmented Reality (AR), Virtual Reality (VR), and Big Data Analytics. It outlines the concepts, features, applications, and real-life examples of each technology, highlighting their transformative potential in various industries while also addressing ethical issues and challenges. The document emphasizes the importance of these technologies in driving digital transformation and enhancing business operations.

Uploaded by

maheksharmahaha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Impact of Emerging Technologies on E-Business: Artificial Intelligence, Blockchain, Cloud, IoT,

Augmented Reality, Virtual Reality, Robotics, Drone, Big Data Analytics; Ethical Issues

Artificial Intelligence (AI)


🔹 Concept:

Artificial Intelligence (AI) refers to the simulation of human intelligence processes by


machines, especially computer systems. It involves the development of algorithms and
models that enable computers to perform tasks typically requiring human cognition, such as
learning, reasoning, problem-solving, understanding language, and perceiving visual and
audio input. The concept of AI has evolved from simple rule-based systems to complex
machine learning and deep learning models that continuously learn and improve with data. AI
is now considered a foundational element of modern digital transformation across industries.

🔹 Features:

 Machine Learning (ML): Allows systems to learn and improve from experience
without being explicitly programmed.
 Natural Language Processing (NLP): Enables understanding and generation of
human language.
 Computer Vision: The ability of machines to interpret and analyze visual data from
the world.
 Autonomous Systems: AI systems can make decisions and act independently in
dynamic environments.
 Predictive Analytics: Uses historical data to forecast future trends and behaviors.

Here are the key features of Artificial Intelligence (AI) with respect to the specific
technologies you mentioned:

🔍 1. Deep Learning

 Mimics the human brain using neural networks with many layers.
 Learns from large datasets to identify complex patterns.
 Improves accuracy over time as it processes more data.
 Used in image recognition, speech processing, language translation.

😊 2. Facial Recognition

 Uses AI to detect and match human faces in images or videos.


 Analyzes facial features (eyes, nose, jawline) for identity verification.
 Applied in security systems, phone unlocking, surveillance, and law enforcement.
 Learns to distinguish minute differences in facial structures.
📥 3. Data Ingestion

 AI helps in collecting, cleaning, and organizing data from various sources.


 Speeds up the process of processing structured and unstructured data.
 Enables real-time analytics and decisions.
 Used in data lakes, customer insights, fraud detection.

💬 4. Chatbots

 AI powers chatbots to understand and respond to human language.


 Uses Natural Language Processing (NLP) to mimic real conversation.
 Available 24/7 for customer service, FAQs, and virtual assistance.
 Learns from interactions to improve future responses.

☁️5. Cloud Computing

 AI integrates with cloud platforms to process and analyze big data remotely.
 Offers scalability for running heavy AI models like deep learning.
 Cloud-based AI services include Google AI, AWS AI, Microsoft Azure AI.
 Makes AI more accessible, affordable, and easier to deploy.

🔹 Applications:

 Healthcare: AI is used in diagnostics (e.g., detecting tumors in radiology), robotic


surgeries, and personalized treatment recommendations.
 Finance: Automates trading, detects fraud, and provides chatbots for customer
service.
 Retail and E-commerce: Recommender systems (like Amazon’s), inventory
management, and virtual shopping assistants.
 Transportation: Self-driving vehicles, route optimization, and intelligent traffic
management systems.
 Education: AI tutors, adaptive learning platforms, and student performance
prediction.

🔹 Real-life Examples:

 Google Assistant, Siri, Alexa: AI-powered virtual assistants that use NLP and
machine learning to perform tasks and answer queries.
 Tesla Autopilot: Uses AI to power semi-autonomous and autonomous driving
features in vehicles.
 IBM Watson: An AI system used in healthcare for diagnosing diseases and
suggesting treatment plans.
 Netflix & Spotify: Use AI for personalized content recommendation.
 ChatGPT (by OpenAI): Uses advanced natural language understanding and
generation to simulate human-like conversations.

Blockchain
🔹 Concept

Blockchain is a decentralized, distributed ledger technology that allows data to be stored


securely across a network of computers without the need for a central authority. Each record
of data, called a block, contains a cryptographic hash of the previous block, a timestamp, and
transaction data. These blocks are linked together in a chain, making the system tamper-
resistant and transparent. The core idea behind blockchain is to ensure trust and security in
peer-to-peer transactions, eliminating the need for intermediaries. The technology was
originally developed to support the digital currency Bitcoin, but it has since found
widespread applications in various industries.

🔹 Features

 Decentralization: There is no central server; data is stored across a network of nodes.


 Immutability: Once a block is added to the chain, it cannot be altered without
altering all subsequent blocks, making fraud nearly impossible.
 Transparency: All participants have access to the same data, which can be verified
and audited in real-time.
 Security: Cryptographic algorithms ensure that transactions are secure and verifiable.
 Smart Contracts: Self-executing code stored on the blockchain that automatically
carries out terms of an agreement when conditions are met.

🔹 Applications

 Cryptocurrency: Blockchain powers Bitcoin, Ethereum, and thousands of other


digital currencies.
 Supply Chain Management: Ensures traceability and authenticity of goods by
recording every step in the production and delivery process.
 Healthcare: Used to securely store and share medical records between stakeholders.
 Banking and Finance: Enables faster, cheaper, and more secure international
transactions and reduces fraud.
 Voting Systems: Blockchain-based voting can make elections more secure,
transparent, and immune to tampering.
 Real Estate: Helps in maintaining transparent and immutable records of property
ownership.

🔹 Real-life Examples
 Bitcoin: The first and most well-known cryptocurrency built on blockchain, enabling
decentralized, peer-to-peer transactions without a bank.
 Ethereum: A blockchain platform that supports smart contracts and decentralized
applications (dApps).
 IBM Food Trust: Partners with Walmart and Nestlé to use blockchain for tracking
food supply chains.
 Estonia's E-Residency and Digital Identity System: Uses blockchain for secure
digital governance.
 VeChain: Used in luxury goods and wine industries for authenticating product origins
and supply chain tracking.

Blockchain holds immense promise in building trust-based systems, although it faces


challenges like scalability, energy consumption, and regulatory uncertainties. Still, its
decentralized nature offers a revolutionary shift from traditional centralized systems.

Excellent! Continuing from the previous two, here are detailed notes on the remaining topics
— Cloud Computing, Augmented Reality (AR), and Virtual Reality (VR) — each
structured with concept, features, applications, and real-life examples (~350 words each).

☁️3. Cloud Computing


🔹 Concept

Cloud computing refers to the delivery of computing services — including servers, storage,
databases, networking, software, and analytics — over the internet, or “the cloud.” Instead of
owning their own computing infrastructure or data centers, companies can rent access to
anything from applications to storage from a cloud service provider. This allows
organizations and individuals to access data and applications from anywhere, at any time, and
on any device with an internet connection. It eliminates the need for on-premise
infrastructure, significantly reducing costs and enhancing scalability.

🔹 Features

 On-Demand Self-Service: Users can provision resources without human interaction


with service providers.
 Broad Network Access: Resources are accessible over the internet via various
devices.
 Resource Pooling: Multiple customers share the same physical resources securely.
 Rapid Elasticity: Resources can be scaled up or down based on demand.
 Measured Service: Usage is monitored and billed accordingly, often using a pay-as-
you-go model.

🔹 Applications

 Data Storage: Cloud services like Google Drive, Dropbox, and OneDrive store files
accessible across devices.
 Software as a Service (SaaS): Applications like Microsoft 365, Zoom, and
Salesforce run on cloud infrastructure.
 Web Hosting: Cloud platforms host websites and applications with high availability.
 Backup and Disaster Recovery: Businesses use cloud platforms to back up data and
recover it after data loss.
 Big Data Analytics: Cloud offers the computing power needed to process massive
datasets for business insights.

🔹 Real-life Examples

 Amazon Web Services (AWS): Offers infrastructure and platform services to


businesses of all sizes.
 Google Cloud Platform (GCP): Used by companies like Spotify for real-time data
analytics.
 Microsoft Azure: Supports services from virtual machines to AI tools, used by major
corporations.
 Netflix: Relies on AWS to stream content globally and manage user data securely.
 Dropbox: Offers cloud-based file storage and collaboration tools.

Cloud computing is a fundamental technology for digital transformation, enabling flexible,


scalable, and cost-efficient IT solutions. However, challenges such as data privacy, downtime
risks, and dependency on providers must be carefully managed.

4. Augmented Reality (AR)


🔹 Concept

Augmented Reality (AR) enhances the real-world environment by overlaying digital


information — such as images, sounds, and text — onto it in real-time. Unlike Virtual Reality
(VR), which immerses users in a completely digital world, AR augments the existing
environment, maintaining user awareness of their surroundings. It bridges the gap between
the physical and digital worlds, providing interactive and enriched experiences via
smartphones, AR glasses, and tablets.

🔹 Features

 Real-Time Interactivity: Digital elements interact with the real-world environment


in real time.
 Spatial Awareness: Uses sensors and cameras to understand the user’s surroundings
and accurately place digital elements.
 Device Accessibility: Can run on smartphones, tablets, or specialized AR headsets.
 Integration with Location Services: Enhances location-based services through GPS
and AR overlays.

🔹 Applications
 Retail: Brands like IKEA and Lenskart allow customers to preview furniture or
eyewear using AR apps.
 Education: AR creates interactive models of complex concepts like anatomy, solar
systems, or chemical reactions.
 Healthcare: AR assists in medical training and surgeries by projecting anatomy or
procedural guidance.
 Navigation: Google Maps Live View overlays directions onto the live camera feed.
 Advertising and Marketing: Interactive AR ads engage users with immersive brand
experiences.

🔹 Real-life Examples

 Pokémon GO: A mobile game that uses AR to place digital creatures in the player’s
real-world environment.
 IKEA Place App: Lets users visualize how furniture would look in their actual space.
 Snapchat & Instagram Filters: AR-driven face filters that react to user movement.
 Google Lens: Identifies objects, texts, and landmarks through smartphone cameras.
 Lenskart AR: Allows virtual try-on of glasses to assist online shopping decisions.

AR is reshaping user interaction across sectors by blending digital content with reality. While
AR enhances experiences, concerns around user privacy, content accuracy, and device
compatibility remain.

🧑‍🚀 5. Virtual Reality (VR)


🔹 Concept

Virtual Reality (VR) is a simulated experience that immerses the user in a fully artificial,
computer-generated environment. Users typically wear headsets with motion-tracking sensors
to navigate and interact with the 3D virtual space. VR completely replaces the user's
surroundings with a digital world, unlike AR, which overlays digital elements onto the real
world. It is designed to simulate real-life environments or entirely fantastical worlds for
training, entertainment, therapy, and more.

🔹 Features

 Immersive Environment: Offers a 360-degree virtual environment that users can


explore and interact with.
 Sensor-Based Tracking: Head and hand movements are tracked for real-time
responses in the VR space.
 Haptic Feedback: Some VR systems include gloves or controllers to provide tactile
feedback.
 Audio Integration: Surround sound systems enhance the realism and immersion of
the virtual environment.

🔹 Applications
 Gaming: Immersive VR games transport users into virtual worlds, offering realistic
gameplay.
 Education and Training: Used to simulate hazardous or complex environments (e.g.,
medical, military, aviation training).
 Healthcare Therapy: Treats phobias, PTSD, and motor rehabilitation through
controlled simulations.
 Virtual Tours: Enables users to explore museums, landmarks, or real estate remotely.
 Remote Collaboration: Virtual meeting spaces allow teams to interact as 3D avatars.

🔹 Real-life Examples

 Oculus Rift / Meta Quest: Popular VR headsets used in gaming, training, and
simulation.
 Google Earth VR: Allows users to explore Earth through a 3D immersive interface.
 VR in Walmart: Used to train employees in customer service and emergency
response.
 Tilt Brush by Google: A VR app that allows 3D painting and sculpting in virtual
space.
 VR Therapy: Companies like Limbix use VR for adolescent mental health treatment.

VR has revolutionized industries that benefit from immersive simulation and experiential
engagement. However, it faces limitations such as high costs, motion sickness in users, and
the need for specialized hardware.

Elements of Cloud Computing


Cloud computing is made up of several core elements that together deliver its functionality,
flexibility, and value. These elements form the foundation upon which cloud services are
built and delivered to end users.

🔹 1. On-Demand Self-Service

 Users can provision computing resources like servers, storage, and software as
needed, without requiring human intervention from the service provider.
 Resources are available instantly, promoting efficiency and agility.

🔹 2. Broad Network Access

 Cloud services are accessible over the internet through standardized interfaces and
across a wide range of devices (e.g., laptops, mobile phones, tablets).
 Ensures location-independent access to data and applications.
🔹 3. Resource Pooling

 The provider’s computing resources are pooled to serve multiple users using a multi-
tenant model.
 Resources (like storage, processing, memory) are dynamically assigned and
reassigned based on customer demand.
 Enables cost-effective scalability and efficient utilization.

🔹 4. Rapid Elasticity

 Resources can be scaled up or down automatically to meet varying demands.


 Appears to users as unlimited and always available, even during peak loads or
reduced requirements.

🔹 5. Measured Service

 Cloud systems automatically control and optimize resource use through metering.
 Resource usage is monitored, controlled, and reported, ensuring transparency for
both the provider and the consumer.
 Supports a pay-as-you-go or subscription-based billing model.

🔹 6. Virtualization

 Virtualization allows multiple virtual machines (VMs) to run on a single physical


server.
 Helps in maximizing resource utilization and isolating different user environments
securely.

🔹 7. Service Models

 IaaS (Infrastructure as a Service): Offers virtualized computing resources over the


internet (e.g., AWS EC2).
 PaaS (Platform as a Service): Provides platforms to develop, test, and deploy
applications (e.g., Google App Engine).
 SaaS (Software as a Service): Delivers software applications over the internet (e.g.,
Microsoft 365, Gmail).

🔹 8. Deployment Models
 Public Cloud: Services offered over the public internet (e.g., AWS, Azure).
 Private Cloud: Exclusive use by a single organization.
 Hybrid Cloud: Combines public and private clouds to share data and applications.
 Community Cloud: Shared by several organizations with common concerns.

✅ Conclusion:

These elements together define cloud computing’s efficiency, scalability, cost-effectiveness,


and accessibility. They enable organizations to leverage computing power without investing
heavily in physical infrastructure.

Here is a detailed note (~350 words) on Big Data Analytics, including its concept,
features, applications, and real-life examples — ideal for academic use or a 10-mark exam
question.

📊 Big Data Analytics


🔹 Concept

Big Data Analytics refers to the complex process of examining large and varied data sets
— called big data — to uncover hidden patterns, unknown correlations, market trends,
customer preferences, and other useful information that can help organizations make
informed business decisions. Big data is characterized by the 5 V’s: Volume, Velocity,
Variety, Veracity, and Value. Traditional data processing methods are insufficient to manage
such data, hence the use of advanced analytics techniques and tools.

The goal of big data analytics is not just to handle massive datasets, but to extract actionable
insights from them in real time or near-real time using modern technologies like machine
learning, artificial intelligence, cloud computing, and data mining.

🔹 Features

 Volume: Handles extremely large amounts of data — from terabytes to zettabytes.


 Velocity: Processes data at high speed, often in real time.
 Variety: Supports structured, semi-structured, and unstructured data types (e.g., text,
video, images).
 Veracity: Ensures accuracy and reliability of data through cleansing and validation.
 Value: Extracts meaningful insights that deliver business and strategic advantages.

🔹 Applications
 Retail: Analyzes buying patterns, customer behavior, and inventory management.
 Healthcare: Supports diagnosis, treatment planning, and pandemic tracking by
analyzing patient data.
 Finance: Detects fraud, assesses risks, and enhances customer credit scoring.
 Telecommunications: Improves customer experience through network analysis and
churn prediction.
 Government: Enables smart city planning, crime prediction, and efficient
governance.
 Sports: Analyzes player performance and opponent strategies using real-time data.

🔹 Real-life Examples

 Amazon & Flipkart: Use big data analytics for recommendation engines, dynamic
pricing, and customer targeting.
 Netflix: Analyzes user behavior to recommend shows and plan content production.
 Uber: Uses analytics for route optimization, dynamic pricing, and driver availability.
 Healthcare during COVID-19: Governments and agencies used big data to track
infections, predict hotspots, and allocate medical resources.
 Target Corporation: Analyzed customer purchase history to predict buying needs —
famously predicted a customer’s pregnancy based on purchasing patterns.

✅ Conclusion:

Big Data Analytics is a transformative technology that empowers organizations with insight-
driven decision-making, offering a competitive edge in today’s data-centric world. As data
generation continues to explode, its importance will only grow across industries.

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