The definition of technology is science or knowledge put into practical use to solve problems or invent useful tools. Blockchain introduces a new vector to accelerate the move to digital business. This allows enterprise architecture and technology and innovation leaders to create or represent assets in a digital context and to create a new, decentralized economic and societal model. For example, Domino’s Pizza created an experience beyond app-based ordering that includes autonomous vehicles, a pizza tracker and smart speaker communications.
How these changes will impact the world and business makes human augmentation one of Gartner’s top 10 strategic technology trends that will drive significant disruption and opportunity over the next five to 10 years. The simplest form of technology is the development and use of basic tools The prehistoric discovery of how to control fire and the later Neolithic Revolution increased the available sources of food, and the invention of the wheel helped humans to travel in and control their environment. Developments in historic times, including the printing press , the telephone , and the Internet , have lessened physical barriers to communication and allowed humans to interact freely on a global scale.
Although not the main goal, hyperautomation often results in the creation of a digital twin of the organization (DTO), allowing organizations to visualize how functions, processes and key performance indicators interact to drive value. The DTO then becomes an integral part of the hyperautomation process, providing real-time, continuous intelligence about the organization and driving significant business opportunities. Computers and the Internet – The ability to perform basic thinking processes much faster enables business, science and commerce to proceed much more efficiently.
67. Point of Sale: Since clothing stores transact full time sales, they need to use technology to help them in cash registering and order tracking. Many advanced clothing stores are using cash register software which helps in adding of total sales per day, calculating of tax , processing of coupon codes, scanning of item bar codes and they also help in updating inventory records after each purchase. Also stores are using technology to simplify the way customers pay for items, for example, most clothing stores accept smart card payments like debit cards, and they also operate online stores which accept PayPal payments. This improves on their customer service and it also results into increased sales.