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Technology Advancement and Data Collection

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How does the advancement of technology affect the ability to collect data? Provide examples. Does this advancement also increase the chance for errors? Explain

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How does the advancement of technology affect the ability to collect data? Provide examples. Does this advancement also increase the chance for errors? Explain.

In many industries, competition is so stiff that those who do not strive to keep abreast with the advancement in technology will often be left out of the competition. A company does not only lose its hold on the market but also some old clients. It is challenging to maintain a company's lead in the market and to stay on top of the competition, the use of state of the art data collection tool is imperative. Having a good data collection tool means being able to operate efficiently and productively. In order to get the right data collection tool, the company must first evaluate its needs by identifying the gaps in its operations and the right collection tool could fill the gap that has been identified.

The methods and media by which data are collected, shared, analyzed and saved are ...

Solution Summary

The solution explains how the advancement of technology affect the ability to collect data. Examples are provided. Also explained are the possibilities that this advancement can increase the chance for errors. References included.

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