New & Emerging Technologies Flashcards
(113 cards)
What is technology’s impact on the world?
Technology is transforming the world, impacting the environment and the way we live, work, and communicate.
What is enterprise?
Enterprise is the ability to identify business opportunities and take advantage of them.
What characterizes successful businesses?
Successful businesses are innovative and can adapt quickly to change.
How do businesses generate new ideas?
Identifying new and emerging technologies helps businesses generate new ideas.
What is crowdfunding?
Crowdfunding enables individuals or businesses to promote an idea on a platform to a large audience.
How do backers benefit from crowdfunding?
Backers are generally rewarded for their investment, usually in the form of a gift, discount, or share in the business.
What is virtual marketing?
Virtual marketing uses the Internet to reach a wider market, including online advertising.
What is pay-per-click advertising?
Pay-per-click advertising involves businesses paying to appear prominently in search engine results.
What is virtual retailing?
Virtual retailing allows shoppers to buy products online through businesses’ online stores and websites.
What is a cooperative?
A cooperative is a business owned and run by its workers or members who make decisions and share profits.
Where are cooperatives typically based?
Cooperatives are usually based around local communities but can also be large businesses.
What is fair trade?
Fair trade ensures farmers in lower-income countries get a fair price for their produce.
What does fair trade aim to improve?
Fair trade aims to improve trade terms and conditions for workers.
How are fair trade items labeled?
Fair trade items are labelled to help consumers make ethical buying choices.
How has the use of new technologies changed manufacturing?
It has significantly changed the way goods are manufactured.
What is automation in manufacturing?
Automation involves the use of automatic equipment in manufacturing.
When was automation first developed on a large scale?
During the Industrial Revolution.
What are the benefits of using automated equipment?
It can significantly improve productivity, enabling manufacturers to create high-quality products quickly and cheaply.
What tasks can industrial robots perform?
They can perform tasks such as welding, assembling parts, painting, labelling, and packaging.
What are the advantages of automation and robotics?
Increased efficiency and productivity, fewer errors and greater accuracy, limited human input, and the ability to perform dangerous work.
What are the disadvantages of automation and robotics?
Expensive setup and maintenance, job losses due to replacement of human labour, lack of human judgement, and requirement for high-skilled workers.
How have technologies like Wi-Fi and 4G improved workplace efficiency?
They enable faster communication, data transfer, and greater workforce mobility.
What is Computer-Aided Design (CAD)?
CAD allows users to draw, design, and model products using specialist software.
What can CAD software create?
Both 2D and 3D models.