Emerging Technology Essay Example | Topics and Well Written Essays - 1750 words

Emerging Technology - Essay Example Emerging technology is a segment of information technology. It is responsible for the development of new products or devices that are expected to be used widely in the upcoming 5 to 10 years. Businesses regularly look to emerging technologies for the devices or new services they provide will help them to build their competitive advantage of the business. Emerging technologies also include the advancement in technologies that business is already using. The advancement in technologies often helps business to accelerate their production process and allow the business to enhance the operations of the business at a cheaper cost. Talking more about emerging technologies in businesses, there are two important fields in emerging technology for businesses, Artificial Intelligence, and Robotics. Robotics can be described as a technological field and part of an engineering science that uses technology of mechanics or electronic to give substitute of human labor. Many production and manufacturing industries have adopted the technology of robotics in their systems. The industry of robotics technology seeks to expand to further businesses industries. While Artificial intelligence is used to make machines intelligent to use in businesses. Businesses use the technology of Artificial Intelligence by entering business information into the business machines that help in developing the information and forecast accurate predictions and identify trends for the company (Wood-Harper, Jayaratna, & Wood, 2013). Emerging technologies have vast effects on business in both the ways; it is benefiting many businesses as well as it is affecting businesses adversely. To talk about the positive effects of emerging technologies on businesses include the effects on research and development of any company. It helps companies in developing more effective and less expensive research and development processes.

Rthur Anderson Scandal Essay Example | Topics and Well Written Essays - 2000 words

Rthur Anderson Scandal - Essay Example This helped the firm to grow and ended up being one of the companies serving the greatest number of clients in the U.S. Those who worked with Andersen were aware of his motto: "Think straight, talk straight.† Andersen also played a big role in upping the standards in the U.S. accounting industry. Additionally, he was involved in innovation of new accounting standards that are still being used today. Andersen was active in social activities that also got involved in charitable organization as well in promotion of education. The firm spent large amounts of money into training new recruits (Martin and Arthur 127). This was crucial in stressing the company’s morals and its consistency around in offering and performing services. The company was admired by many people for the high morals exhibited. He became even more popular when he refused to engage in a fraud case when one of his prominent clients presented flawed accounting records. He chose to lose the client rather than committing fraud, as was the wish of the client. This had a positive impact since it increased his reputation and that of the company. Greed Begins During the 1980s, the company started experiencing internal friction. Then, there were two divisions making up the firm. These were the consulting division and the audit division. The latter was much more established although consulting was then growing much faster than any other portion of the company (Ferrell et al. 327). This unequal growth of the departments led to the conflict arising since the consulting division felt that they needed a bigger share of the firm’s profits. As a result, there were disputes between both divisions, with each side citing the other as being greedy and unfair. Both the audit and the consulting divisions were essentially separate companies. The consulting firm was under the ownership of Andersen. It paid a percentage of their earnings to the parent company (Ferrell et al. 329). Later, Andersen estab lished another consulting division within his company. This new division competed with the other consulting department and this enabled them to retain all the earnings. Later the two sides split, forming separate companies. Fraud begins Andersen was involved in many cases, all of which he was accused of committing accounting fraud. Some of these companies included Sunbeam, Baptist Founding of Arizona, Quest Communication, Waste Management and Global Crossing. Surprisingly, Andersen was able to settle all these claims without admitting any existence of fraud. In case the claims got more serious and had nothing but to admit to fraud, the company put the blame on a few â€Å"corrupt partners.† However, the increased fraud cases were not favorable to the company as they were tarnishing the name of Andersen. Analysis It is clear that the continued unpunished behavior of the company’s activities led to a snowball effect that resulted in increased corruption at a high level. The accounting fraud issues had started small in the past. The activities went on unchecked until the management pushed the limits of the fraudulent deeds (Ferrell et al. 317). For a long time Andersen was generally viewed by many people as the symbol for integrity and honesty. Thus, most of these people thought that these fraudulent activities were not occurring at the high level of the firm. The Enron Scandal Enron Corporation was a global energy, commodities