| CODE | BEM3001 | ||||||||
| TITLE | Applied Emerging Technologies in Business | ||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 6 | ||||||||
| DEPARTMENT | Business and Enterprise Management | ||||||||
| DESCRIPTION | This study-unit is designed to bridge the gap between business strategy and cutting-edge information technologies, exploring how emerging technologies can be strategically applied to enhance business processes, create competitive advantages, and drive innovation. The study-unit aims to equip undergraduate students with the knowledge and skills necessary to leverage the latest technological advancements within the context of business operations. Study-Unit Aims: The study-unit, "Applied Emerging Technologies in Business" is designed with several primary aims to equip students with an understanding of how emerging technologies can be applied from a business construct. The key objectives include: - Introduction to Emerging Technologies: Definition and identification of emerging technologies. • Understanding the impact of emerging technologies on various industries. - Strategic Technology Planning: Aligning business goals with technology initiatives. Developing a technology roadmap for organizational growth. - Blockchain and Cryptocurrencies: Applications of blockchain in supply chain, finance, and beyond. Exploring the impact of cryptocurrencies on financial transactions. - Artificial Intelligence and Machine Learning: Integrating AI and ML into business processes. Case studies on predictive analytics and business intelligence. - Internet of Things (IoT) in Business: Smart manufacturing and logistics using IoT. Enhancing customer experiences through connected devices. - Cybersecurity in the Digital Age: Understanding the importance of cybersecurity in business. Strategies for protecting digital assets and customer data. - Augmented and Virtual Reality (AR/VR) Applications: Implementing AR/VR for training, marketing, and customer engagement. Exploring virtual collaboration tools for remote teams. - Data Analytics and Big Data: Leveraging big data for informed decision-making. Implementing data-driven strategies for business growth. - Ethical and Legal Considerations: Addressing ethical concerns related to emerging technologies.Navigating legal frameworks in the digital landscape. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: Identify and assess emerging technologies, understanding their potential industry impact, and gain skills in aligning business goals with technology initiatives to develop strategic technology plans. They will explore block chain applications in various industries, understand cryptocurrency impacts, integrate AI and ML for informed decision-making, and implement IoT solutions to create a connected business ecosystem. The unit emphasizes the importance of cybersecurity, the use of AR/VR for training and customer engagement, leveraging big data for enhanced business performance, addressing ethical and legal concerns related to emerging technologies, and developing effective communication skills to articulate technology strategies for both technical and non-technical stakeholders. 2. Skills: By the end of the study-unit the student will be able to: Identify and evaluate emerging technologies relevant to business needs, and develop strategic plans that align technology initiatives with business goals. They will become proficient in applying block chain technology across various scenarios and understand the impact of cryptocurrencies on financial transactions. The course will enhance their capability to integrate AI and ML into business processes for predictive analytics and business intelligence, and develop competence in implementing IoT solutions for smart manufacturing, logistics, and customer experiences. Students will learn to prioritize and manage cybersecurity measures, utilize AR/VR technologies for training, marketing, and customer engagement, and leverage big data for informed decision-making and business strategy. They will also gain an awareness of ethical considerations, understand and navigate legal frameworks, and develop effective communication skills to articulate technology strategies to both technical and non-technical stakeholders. Additionally, the program fosters collaboration and teamwork within multidisciplinary teams, problem-solving using technological solutions, continuous learning and adaptability to evolving technologies, and critical thinking for assessing technological options and making informed decisions. Main Text/s and any supplementary readings: The Fourth Industrial Revolution" Author: Klaus Schwab Overview: Written by the founder and executive chairman of the World Economic Forum, this book explores the impact of emerging technologies on society and business. It offers insights into the transformative potential of technologies like IoT, AI, and blockchain. Driving Transformative Change in E-Business Through Applied Intelligence and Emerging Technologies by Hamed Taherdoost (2022) - ISBN: 978-1668452356.The Future Is BIG: How Emerging Technologies are Transforming Industry and Societies |
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| STUDY-UNIT TYPE | Lectures and Online Lectures | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Anthony Farrugia |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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