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Technology Assessment

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The technology not currently in use by FYI (For Your Information), a business research company, is having an electronic Web site that is connected to its vendors, customers and distributors. FYI provides research information to businesses that help them with decision-making from giving them access to an unlimited supply of information depending on their particular needs. Web technology is affordable, available, and, despite the threats of hackers, e-mail sales processing, and credit card fraud, it is very reliable. Having a Web site that is connected to customers (allowing them to order, pay and receive their orders via computer), vendors (allowing them to be hired, paid and send their product via computer) and distributors (FedEx, UPS, USPO, etc.) is essential in the global marketplace and soon to be pervasive electronic age.

The potential benefits to the company are enormous. First, it will allow them greater marketing accessibility and reach by having a site that is on the World Wide Web search engines. This will make access to their product available to business world-wide in a timely and economic fashion. Further, all tracking, ordering, shipping, billing, communication and other aspects can be carried out electronically instead of creating a massive amount of paper that requires much more manual processing. In addition, filing, cataloguing, and order

. . .
sion to customers. For approximately $100 a month a business can advertise on the Web to gain world-wide access to customers through a Web search engine. Other than this, costs would be the price of a computer with fax/modem capabilities, a printer, an on-line account (approximately $20.00/mo.) and various software programs and packages. Phone expenses, of course, would be an additional cost. However, these costs still remain well under $10,000 with little annual expense other than the e-mail account and phone bills. With this in mind, the enormous savings from reduced labor, reduced paper, ink and other costs, reduced shipping fees, reduced advertising fees and the many other economic advantages of this technology far outweigh the costs. Yet, in the face of reduced costs the technology will simplify, streamline and make the business much more productive. Conclusions There are many strengths and advantages from using this technology as already discussed. However, there are three areas where potential weaknesses exist: hackers; credit-card fraud; e-mail processing. Where hackers are concerned, they try to use social engineering to be able to break into your computer system, at least to cause havoc with your system, at w
. . .

Some common words found in the essay are:
Cost Analysis, Wide Web, CESoftware CDR, FYI Information, Switching Web, QuickMail LANs, Secure Internet, UPS FedEx, Benefits Company, UPS USPO, credit card, software programs, wasserman 1996, web page, social engineering, world wide web, costs reduced, card fraud, potential benefits, benefits company, e-mail software, web page designed, credit card fraud, potential benefits company, web site connected,
Approximate Word count = 1245
Approximate Pages = 5 (250 words per page)

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