Assess the relationship between technology and competitive advantage in today's economy. Analyze the importance of risk...

Assess the relationship between technology and competitive advantage in today's economy. Analyze the importance of risk considerations in risk management, disaster recovery, and contingency planning.

Expert Solution

Today's world is fully evolved with modern technologies and implementation of those technologies to make the job more easier. Most of the vendors are more keen in developing the ultimate solution for their customers. The quality and service of the product is better because of the competitiveness among the vendors to deliver the ultimate product. For example, the cloud based vendors such AWS, Azure and Google Cloud are competing against each other to develop a product that will be used by the customers.

Not only developing, the vendors are also focussed on providing risk management solutions to the customer by ensuring them that their data is always safe and can be easily accessible. They even provides a disaster recovery facilities by using multiple datacenter to store the same data. This will help them to create a fail over infrastructure. They even make contingency planning for helping their customers out from critical scenarios.

venereology answered 1 year ago

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