Impact of disruptive technology Sample for Students-Myassignment

Question: Prepare a Report that Critically Analyses the Disruptive Technolog's Impact on the Nature of work both Globally and in the Australian Context. Answer: Introduction The report reflects on the impact of disruptive technology and its impact on the nature of work as well as future jobs. The technology, which is analyzed to be most disruptive to work as per McKinsey report, is Cloud (Conole, 2015). In this assignment, McKinsey report is analyzed critically with the help of other journal articles in order to reflect the effectiveness of cloud in future jobs as well as work. The report focuses on one Australian company that is WiseTech and a non-Australian company IBM for putting forward an argument, which reflects that they are doing well. The paper also helps in synthesizing the research critically to analyze that the selected disruptive technology Cloud and its future development as well its use will affect the nature of work in Australia. Literature Review According to Marx, Gans and Hsu (2014), disruptive technology is defined as an innovation which helps in creating a new market as well as value network which eventually assists in disrupting an existing market as well as value network by displacing various products, alliances as well as market leading firms. It is analyzed that innovation of disruptive technology is quite advantageous as it helps organizations in expanding their market with the help of proper innovation in context to new as well as existing products (Momeni Rost, 2016). The organization can expose their current operations to the light of proper urgency by indentifying various areas of processes as well as structural improvement. McKinsey and Company (2017) stated that disruptive technologies help in transforming business, life as well as global economy. The report helps in identifying 12 technologies that are quite massive in driving the economic transformations as well as various types of disruptions in the coming years. This report also helps in providing proper information about how technologies help in changing the world by considering various types of benefits as well as challenges. It is identified that the application of 12 technologies, which are illustrated, with the help of the report has a potential economic impact between $14 trillion to $33 trillion by 2025. The estimation that is made is neither comprehensive nor predictive. It is dependent on in depth analysis of various key potential applications, which would be helpful in creating value in a number of ways including the surplus of the consumers, which mainly arises because of lower prices, better health, better products as well as cleaner en vironment (Katyal, 2013). The report helps in reflecting 12 examples of disruptive technologies, which include mobile internet, automation of knowledge work, internet of things, cloud, advanced robotics, autonomous and near autonomous vehicles, next generation genomics, energy storage, 3-D printing, advanced materials, gas exploration recovery and renewable energy. Consideration of most disruptive technological innovation It is analyzed from McKinsey report that out of 12 disruptive technologies, cloud is considered the most effective disruptive technology. It is stated by Vargo and Shaw (2015) that cloud capabilities help in offering numerous opportunities for driving business innovation. Social connectivity as well as recent technology is quite helpful in creating a perfect storm of opportunity for different companies for embracing various powers of clouds for optimizing innovating as well as disrupting various business models in the coming future (Scott et al., 2015). The below screenshot reflects that cloud computing is one of the most disruptive technologies in context to future jobs as well as work Figure 1: Screenshot showing relevancy of disruptive technologies (Source: Kricka, 2016, pp.253) It is stated by Kobylinski et al., (2014) that the use of cloud affects the nature of work globally as it helps in providing a way for various business organizations to exploit different abilities that are generally created due to digital trends. It is analyzed that six key cloud attributes are generally utilized for powering various business model innovation, which includes ecosystem connectivity, cost flexibility, masked complexity, market adaptability, business scalability as well as context driven variability (Katyal, 2013). The below figure helps in illustrating the attributes provided by cloud. Figure 2: Attributes of Cloud (Source: DaSilva et al., 2013, pp.1162) It is opined by Marx, Gans and Hsu (2014) that by unpacking the various bundles of technological drivers of change, a more optimistic picture regarding job creation potential of various technologies like cloud computing, mobile internet as well as internet of things is achieved. On the other hand, it is stated by Momeni and Rost (2016) that cloud is considered to be one of the significant disruptive technology that helps in allowing companies to focus on various core strengths. It affects the nature of work in various different ways. According to Scott et al., (2015), cloud hosted servers software runs with the help of a third-party provider and therefore users access it by utilizing the web browser. Users do not need to store or run new software. The use of cloud in business also helps in brining workers closer together by minimizing the time of data as well as file transmission from one system to another. It helps in providing a backup as well as synchronization no matter which dev ice they are working from. It is stated by (Kricka, 2016), that the use of cloud helps in lowering the risk of the business. A proper cloud provider helps in providing proper security for staying competitive. Backup hosting facilities helps in taking over the outrage that means they do not get affected even when there is natural disaster to any type of threat. The use of cloud in business helps in keeping the cutting edge of technology effectively. Development of Cloud in WiseTech WiseTech is one of the global innovative, multi-award winning developer cloud-based software solutions. The organization helps in providing reliable as well as comprehensive application for managing as well as delivering various global data network. The WiseCloud helps in providing secure, simple as well as highly available application delivery which is very much cost-effective, efficient as well as highly accessible (Hinz, Tarnopolskaya and Yee, 2016). It is analyzed that the application of standard WiseCloud delivery such as application up gradation as well as support services is provided and it does not require an extra cost which is considered to be quite advantageous. The organizations not only act as an innovator but they also utilize both hardware as well as software for solving problems as well as creating various ways of living and working. Wise cloud that is provided by the organization helps in delivering upgrades, installation as well as faster solutions. (Gettler, 2015). The business can run quickly by leaving various type of IT resources to make them focus on different line of business solutions. The application of the organization is supported with the help of various WiseAdvantge program as well as comprehensive suite of application for supporting different types of services such as WiseCloud, WiseSupport, WiseLearning as well as WiseMaintainence. The organization WiseTech builds products that use latest type of software tools. The organization helps in delivering various types of solutions which helps in making a significant difference to different type of staffs, partners, stakeholders as well as logistic industry. This helps in reflecting that the business of WiseTech is working well with the innovation of cloud. Use of cloud in IBM IBM is one of the multinational companies of America that utilizes cloud for various purposes of the business. It is stated by Kobylinski et al., (2014) that the potential of cloud computing in improving as well as delivering various types of cloud services is recognized by IBM. Cloud computing also helps in streamlining as well as enhancing the way IBM meets its various internal demands for achieving different types of IT resources. With the help of cloud computing, the organization is capable of responding rapidly to its customers in a quite cost-effective manner. It helps in providing flexible, scalable solutions for processing various types of demands. With the use of cloud computing, IBM is able to improve its productivity of its European Benchmark Centre which helps in allowing customers to test whether the IT resources will be helpful in performing as required (Gangwar, Date and Ramaswamy, 2015). The use of cloud is tangibly helpful in enhancing the business value of the organ ization. The organization achieves both security as well as resiliency by utilizing cloud. It helps in enabling dynamic presence of IT infrastructure as well as applications in spite of the location. The use of cloud computing in IBM helps in enhancing SOA, service management initiatives, information management which is quite effective in supporting different types of service delivery initiatives. Conclusion It can be concluded from the entire assignment that the selected disruptive technology Cloud helps in synthesizing the nature of work as well as its development globally by its development as well as use. Cloud help in providing number of advantages which affects the nature of work. It is analyzed that the use of cloud in business helps in brining workers closer together by minimizing the time of data as well as file transmission from one system to another. that the use of cloud affects the nature of work globally as it helps in providing a way for various business organizations to exploit different abilities that are generally created due to digital trends. References Conole, G. G. (2015). 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