Question 3

Q.3.1

The Internet of Things

The internet of things or (IoT)  is what we call the billions of devices that are connected to the web today. These devices are already ruling our lives but we haven't even discovered half the of the potential that lies withing "the internet of things".

The main thing for me with IoT , is how it has improved communications, especially long distance communication. Communication over seas has always been a challenging task but now as long as you have internet its the easiest thing in the world.

I think that because communication has gotten so easy and effortless, it provides businesses with endless opportunities. 

Staying in contact with overseas clients, or making important conference calls has become a daily thing for a lot of big businesses. 

This allows for businesses to expand at a much faster rate than they are use to. It creates more opportunities overseas and provides partners to communicate whenever they please from different locations in the world.

For example, a logistics company that rents out trucks has its main head quarters in Cape Town. But it has big offices in London, Paris, Rome and Berlin. The company operates in most of Europe and Africa but the CEO is based in Cape Town. He will be able to be in contact with each of those offices when ever he pleases, because of the internet. The company could all be link to one online server or portal where tehy can be checked up on anywhere in the world. It provides partners/board members/CEO to be in contact where ever they are in the world.

This all makes for a more productive company, easy communication.

IoT also raises the question of business within IoT. New jobs are constantly being created because of IoT. People are getting trained to solve problems that we don't even know we have yet. There is a constant rate of technological evolution taking place and it is happening at a alarming rate.

Q.3.2

1)  The ability to grasp information from data: This is when someone is able to comprehend the information in a message better than others. Two people might receive the same message but one might not understand what the writer has meant or understands it differently that the other person (Krishna, 2008).

- In business today, this is quite an important aspect. As most information will be sent via e-mail or other forms of online communication , the receiver has to understand exactly what is being said or asked.

2) Ability to juggle multiple things: Multitasking is another name for it. Its the ability to do more than one thing at a time (Krishna, 2008).

- In business today, we find that multitasking comes into play when things get very busy. Especially if you are someone in a managerial position you would have to be able to make many important decisions at once.

3) Ability to apply solutions to problems: This one is straight forward; problem-solving, be it strategic, mathematical, technological or human related problems. Its a skill highly sought after (Krishna, 2008).

- In business today, its a skill that is applied across many sectors, technological wise it would be how technological savvy one is and knowing how to fix technological problems.

4) Ability to imagine: People with this skill are people who think in a unconventional way (Krishna, 2008).

- In business today, we see these people in a more creative line of work and technology does play a role. This is best shown on social media sites where people are free to express their opinions, write articles and post pictures and videos. Companies use these site to market their company.