Paper Assignments The purpose of these assignments is to provide you with
The purpose of these assignments is to provide you with opportunities to think about the course material while expanding upon the course content.
You are free to approach the topics (listed below) any way you wish. Your position itself will be not be graded. That is, it does not matter whether you agree or disagree with the professor or other students. What does matter is how well you make your case. Experience indicates that a good essay will define important terms (don’t assume your reader either knows what you are talking about or shares your perceptions and definitions).
The strength of your paper is assessed in terms of both the logic of your position and how well your points are supported by reference to data and the literature. Again, students are free to use any style or approach with which they are comfortable. For students not knowing how to begin, the five-paragraph essay format is often especially appropriate. In this format, you develop an essay of five paragraphs. The first is an introduction that tells the reader what you will cover and defines key terms. The second through fourth provide support for the position announced in the first, and the last is a summary and restatement of the position.
Direct quotes are not appropriate for this assignment. Paraphrased ideas or citing general support can be noted by simply identifying the source (e.g., Yar and Steinmetz). Specificity is valued, so if you rely on a work that appears in the book, try to cite the specific author(s), rather than the author of the book (for example, Reynes, or Reynes in Yar and Steinmetz).
Please keep in mind the following points:
1. The papers are to be double-spaced with Times New Roman 12-point font and 1-inch margins.
2. Your essay should be no less than 3 full pages and no more than 4 full pages.
3. In addition to the quality of your response, your answers will be assessed for spelling,
neatness, grammar, and structure. Up to 20% of the grade for each answer may be deducted for poor writing.
4. You are encouraged to use outside sources for your paper in addition to the course material. You must include it in a reference page for outside sources. Students not knowing where to begin finding appropriate sources should consult the KSU Library webpage at library.kennesaw.edu or contact a graduate librarian at https://library.kennesaw.edu/services/graddirectory.php
5. All policies and procedures in the Student Code of Conduct will be followed. Be advised that all written work will be scanned for possible plagiarism.
Paper Topic #1 (Due Module 3)
Write a paper that addresses the societal effects of cybercrime on a population. You may choose the audience that you are addressing. For example, the audience could be a group of senior citizens where are you describing the impacts of identity theft. Or, in another example, you are addressing a group of middle- and high-school students and addressing the impacts of online bullying and hate-speech on social media. I’d recommend you start by choosing an audience, then connect an impact of cybercrime to that population. How do you convince your audience of the societal impacts of cybercrime?
Paper Topic #2 (Due Module 7)
Write a paper that addresses cybercrime law in a particular area. You may choose the specific modality of crime (e.g., child or revenge pornography, copyright violations, identity theft, etc.), but you may only choose one type of crime. Make sure to examine state, federal, and international law that seeks to reduce this type of criminal behavior. How do these laws allow police to conduct investigations? To what extent are these laws able to control cybercrime and how likely will the criminal justice system in general be at reducing this type of cybercrime?
JOE REGEP PART 2: INNOVATION PROJECT 13 Digital Transformation through the Adoption
the j train hasnt stopped at jamaica ave for a while now (suspended) and i need to get off Writing Assignment Help JOE REGEP PART 2: INNOVATION PROJECT 13
Digital Transformation through the Adoption of the Internet of Things; the Case of Bank of America
In the current business environment, success is at the mercy of brands adopting the customer-focused business approach. This approach is grounded on the perspective that the customer is the boss, and thus all the decisions or a brand should be within the confines of the needs and preferences of the “boss.” More than anything else, the needs and preferences of the “boss” are best actualized through digital transformation. The need for digital transformation in business operations was further emphasized by the unprecedented changes necessitated by the COVID 19 pandemic. The events that follow the pandemic have proven that unless a brand invests enough in its digital engagements and platforms with its various stakeholders, its future is uncertain and subject to significant risks. The banking sector is one of the industries urgently needing digital transformation. The banking sector is a key player in the facilitation of the success of other sectors. The players’ operations within this sector are characterized by higher levels and needs for direct contact and constant communication with a client. This requires significant digital transformation for more effective engagements. Moreover, the players in the banking sector also face significant challenges such as cyber security threats, which cause considerable tarnish to their reputations and competitive advantage. Recently, the Internet of Things (IoT) has been considered one of the most innovative technologies driving success alongside providing practical and effective solutions to the challenges identified in the banking sector through digital transformation. Financial institutions such as the Bank of America must maintain their reputation, competitive advantage, and profitability in the current highly competitive market by adopting digital transformation through the internet of things.
Bank of America
Bank of America is a financial management institution established in 1988 through a merger between bank America Corporation and the nation’s bank corporation (Street et al., 2018). Since its establishment, the bank has dominated the American banking sector and expanded into other parts of the world. Today, Bank of America is considered one of the largest and most profitable international financial institutions in America (Street et al., 2018). With its headquarters in Charlotte, California, the bank has over seventeen thousand ATMs and over four thousand retail centers worldwide. The bank currently has over 41 million active users, speaking to its potential in the current global banking market share. Notably, the bank is considered a financial institution for the wealthy and affluent citizens of America and other parts of the world (Street et al., 2018). The dominance and profitability of the bank have made it one of the most preferred financial institutions in America until recently; competition in the American banking sector is higher than ever today.
Business Challenges and Opportunity Overview
Intense competition in the industry
Change is an inevitable phenomenon in the business environment today. Unless an organization consistently creates capacity for future change, extinction as a result of competition is a reality likely to befall it (Sestino et al., 2020). While the Bank of America has existed in the global financial industry for many years, it faces a significant risk of competition from other financial institutions in America and on a worldwide scale. Competition threats are direct threats to the market share of a brand and its profitability. In the last decade, competition in the banking sector in America has been higher than ever before, threatening the profitability, competitive advantage, and market share of Bank of America (Street et al., 2018). Players in the industry, such as JPMorgan Chase, have come up, keeping a Bank of America on its toes for the market share. With the threat of competition imminent for bank of America, the only opportunity for the bank is the adoption of digital transformation by incorporating the Internet of Things technology into every part of its operations and communications.
According to reports, most users registered under the Bank of America are the rich, painting a picture of the bank as a financial institution for the wealthy. According toStreet et al., while the institution currently has over 41 million users, only 18 million of these clients are mobile users. Arguably, the perspective about the bank appealing to the rich and shunning away the middle and lower-class citizens is attributed to the institution’s lack or slow adoption of digital transformation (Street et al., 2018). These statistics speak to the lack of digital transformation by the bank, which has resulted in its failure to fully tap into its full potential. In the current intensely competitive global and local financial environment, the last thing that an institution wants is the segmentation of their consumers based on their social classes (Sestino et al., 2020). While customer segmentation is an essential strategy in marketing to understand the underlying needs of each group of customers and serve them more effectively, basing it on class and ethical differences results in the tarnishing of reputation (Sestino et al., 2020). As an implication, a tarnished reputation results in poor profitability and an organization’s smaller market share. This is one of the risks that Bank of America currently faces.
The Change in Consumer Preferences in the Banking Industry
The world is undergoing a shift that will transform all business operations and in every industry; digital transformation (Songara & Chouhan, 2017). The change in customer preferences has necessitated this shift from receiving their services through direct contact to a more digital service provision approach (Songara & Chouhan, 2017). Today, customers do not want to make trips to their banks for confirmations or services or keep making calls when they can perform simple tasks through self-service-enabled software and technologies. The shift is further intensified and necessitated by world events such as the COVID 19 pandemic, which has proven that unless a brand invests enough in its digital engagements and platforms with its various stakeholders, its future is uncertain and subject to significant risks (Khanboubi et al., 2019). This change presents an excellent opportunity for bank of America.
By adopting digital transformation through the internet of things, Bank of America will maintain its competitive advantage and tap into its full potential, accommodating clients and customers in lower and middle-class societies (Songara & Chouhan, 2017). Moreover, the Internet of Things adoption will significantly reduce the administrative and operational costs for the institution since customers will have the capacity to perform simple tasks on their own (Nadkarni & Prügl, 2021). Companies reflect better profits whenever operational costs are reduced, presenting an opportunity for engagement in noble corporate social responsibility causes.
Technology Solution Category Research for Bank of America
Explaining the Internet of Things
Recently, the internet made a significant stride in the digital transformation of social interactions. Through the internet, people can connect and interact with each other across geographical barriers (Nadkarni & Prügl, 2021). Today, the same concept has been applied to things. The Internet of Things is a system of interrelated devices connected to the internet to send and receive data from each other. In the context of home appliances, the Internet of Things enables an individual to be connected to and control their appliances from the comfort of their mobile phone or computers (Khanboubi et al., 2019). Imagine remembering that you did not switch off your air conditioning while at work and doing it from the phone, alongside receiving notifications about its state from the same phone. This is how amazing the Internet of Things is. In another instance, when an alarm goes off, the Internet of Things can automatically open curtains, turn off the coffee pot, switch on the television, and play the favorite morning show for the owner (Sestino et al., 2020). This same concept can be implemented in the banking sector, unveiling customer convenience, accuracy, proactivity in service delivery, and save enormous amounts of time for the banking institutions and their clients.
Applications Of The Internet of Things As A Solution To The Challenges In The Bank of America
The Internet of Things Beacon Technology
Whenever an individual walks into a banking institution, they go there to do one of these two things; either waiting or searching (Nadkarni & Prügl, 2021). They are either waiting in line to be served after the next client or sitting beside an employee in the bank for some financial information or service (Songara & Chouhan, 2017). While these processes are essential, they are a total waste of time, compromising customer convenience and profitability of the organization; the fewer people a banking institution serves in a day, the less profits it records during that day. More adversely, the customer being served or waiting in line to be served is spending a lot of time, which interferes with their other engagements (Khanboubi et al., 2019). The Internet of Things solves this problem of delays and inconveniences through the application of beacon technology.
Beacons are small Bluetooth-enabled devices that exchange and connect data through other Bluetooth-enabled devices such as mobile phones and computers within the specified proximity. These beacons are then connected to the servers and applications in the bank (Nadkarni &Prügl, 2021). This technology can be applied to the banking industry to collect and transmit enormous amounts of data from customer accounts and agreements, reducing the time spent queuing or receiving banking services. When customers come close to the bank, the beacons will send a welcome message to them (Khanboubi et al., 2019). The engagement between the customer and the bank will thus begin immediately whereby the customer will select their preferred services based on their needs, and they are directed accordingly without wasting time in long queues and consultations (Nadkarni & Prügl, 2021). Moreover, when a customer sits in an office for services, the beacons have collected enough personal information about them, reducing the overall time spent providing the name, account numbers, and other time-wasting personal information.
Moreover, the beacons are an essential strategy for notifying the bank when new customers enter their institution (Nadkarni & Prügl, 2021). This reduces confusion during an engagement where new customers have to join the wrong queues and get into the wrong offices, wasting time. By the time a client walks into the bank of America, the beacon technology will enable the employees to understand their needs and guide them effectively. Such satisfying customer services will create customer satisfaction central to the bank’s reputation and success (Nadkarni & Prügl, 2021). If a customer is exposed to this kind of convenience by their bank, their loyalty to Bank of America is optimized. The bank consequently solves the problem of competitive advantage created by intense competition.
The Internet of Things and Smart Collaterals
Clients in banks face a significant challenge during loan access due to the lack of collateral (Nadkarni & Prügl, 2021). While large institutions and wealthy individuals seamlessly access loans due to the availability of assets at their disposal, the case is different for members of the middle class, the lower class, and young entrepreneurs. Due to such adverse realities, Bank of America is only popular among the rich (Sestino et al., 2020). The other members of society would therefore feel exploited if they saved their money in the bank of America, hoping to get a loan over their deposit. The lack of collateral by this population is probably the main reason for the bank’s reputation, which is considered discriminatory against the lower and middle-class members of society (Nadkarni & Prügl, 2021). This problem can be solved entirely by applying the Internet of Things technology.
With the Internet of Things technology, the lower and the middle class can seamlessly have any of their assets recorded and embedded into their banking details and accounts to act as intelligent collaterals for their loans (Nadkarni & Prügl, 2021). In doing so, financial institutions can use expensive devices and appliances as collateral belonging to members in cases where they cannot provide log books or title deeds like the affluent members of society would. The Internet of Things involves using special sensors on appliances and gadgets, providing accurate and real-time information regarding the status of these things (Nadkarni & Prügl, 2021). This saves significant amounts of time, alongside improving accuracy during the valuing processes for assets and appliances when an individual intends to take a loan with the bank of America.
Smart collateral would also present other significant benefits to bank clients during the transfer of ownership of property and assets. For instance, without the application of the internet of things, the processes involved in determining the value of an asset would typically require a physical evaluation (Khanboubi et al., 2019). During such evaluations, a lot of time and money is spent since the parties involved have to move around alongside paying professionals to more accurately value these assets. Fortunately, this challenge ends where the actualization of the Internet of Things technology is embraced. With this technology, all the required information about the assets or appliances is available within the tap of a button. Moreover, this information accurately presents the actual value of an appliance or asset (Sestino et al., 2020). In so doing, the transfer of an asset such as a car through the bank would happen successfully in a matter of minutes saving time for the bank and clients, alongside earning the bank more profits due to the time difference (Khanboubi et al., 2019). The Internet of Things will thus restore the reputation of the Bank of America from being considered a financial institution for the rich to a financial institution that accommodates all its clients, their realities, and needs without any form of discrimination. Moreover, such an investment is what the bank needs as it solves the problems of a market share that is not fully exploited; actualizing the needs and preferences of the lower and middle class will translate into a better competitive advantage for the organization (Sestino et al., 2020).
Automated Payment through Things
Aside from taking loans and making deposits, people significantly depend on their financial institutions to make payments on a variety of bills. For instance, for people who buy most of their home supplies in bulk or every month, bank transactions are an essential part of their lives (Khanboubi et al., 2019). However, carrying out these transactions has a fair share of implications, especially on time constraints. More severely, some customers would still make trips to their banks to pay for electricity bills, water, and supplies (Sestino et al., 2020). This is an outdated payment method in the current digitized world.
The Internet of Things presents an opportunity through which appliances are automated and connected enough to order and make payments without human intervention (Nadkarni&Prügl, 2021). For instance, if a fridge is low on milk supply, the sensors send this information to other devices connected to it, ordering and paying for the milk. Similarly, a coffee maker would order more coffee and automatically pay for it if it is low on supply; it just needs to be connected through the internet. Such is the convenience customers long for from the Bank of America (Khanboubi et al., 2019). Gone are when customers had to run around making payments for everything physically. Moreover, the capacity for things to make payments through automation responds to the challenge of changing customer preferences thatBank of America currently faces.
Challenges in Implementation of the Internet of Things Technology in Bank of America
The main implementation challenge for Bank of America would be the high cost of establishing integration between things for their clients (Sestino et al., 2020). Undoubtedly, the gargets, software, and technologies used to develop such connections would cost the institution a lot of money. However, an initiative is expensive if the investment returns are not satisfying (Sestino et al., 2020). In this case, the returns the Bank of America will realize for investing in the Internet of Things technology are worth spending as many funds as the institution can.
The bank of America’s need to maintain its reputation, competitive advantage, and profitability in the current highly competitive market is at the mercy of the adoption of digital transformation through the internet of things. The Internet of Things is a system of interrelated devices connected to the internet to send and receive data from each other. The application of the Internet of Things technology in the Bank of America will unveil benefits such as the introduction of intelligent collateral for clients, beacon technology for customer convenience, and automated payments through things that respond to the recent change in customer needs and preferences. As much as the main challenge in implementing this technology is the high cost, an initiative is considered expensive if the returns on investments are not satisfying. In this case, the returns the Bank of America will realize for investing in the Internet of Things technology are worth spending as many funds as the institution can.
Khanboubi, F., Boulmakoul, A., &Tabaa, M. (2019).Impact of digital trends using IoT on banking processes. Procedia Computer Science, 151, 77-84.
Nadkarni, S., &Prügl, R. (2021). Digital transformation: a review, synthesis and opportunities for future research. Management Review Quarterly, 71(2), 233-341.
Sestino, A., Prete, M. I., Piper, L., & Guido, G. (2020).Internet of Things and Big Data as enablers for business digitalization strategies. Technovation, 98, 102173.
Songara, A., &Chouhan, L. (2017, October).Blockchain: a decentralized technique for securing Internet of Things. In Conference on Emerging Trends in Engineering Innovations & Technology Management (ICET: EITM-2017).
Street, M., de BellasArtes, M. D. P., Juarez, A., & Hist6rico, C. (2018).Bank of America~~.
My first work experience was an undergraduate teaching assistant for an organic
My first work experience was an undergraduate teaching assistant for an organic chemistry class at XYZ University. Although my role as a teaching assistant is not related to healthcare duties, it allowed me hone my leadership and prioritization skills, which I can apply at XYZ to lead, prioritize, and complete projects during the fellowship. There are only ten teaching assistants who were responsible for roughly a thousand students. With a huge burden on my shoulder, I learned the importance of team cooperation. Team collaboration is vital to succeeding in the healthcare industry.
My career goal is to have an impact on transforming the healthcare delivery system by using innovations. To achieve this, I would need a holistic understanding of the healthcare system for determining the room for technological advancement. Hence, I prefer the XYZ fellowship because it offers a comprehensive understanding of the health system. This is a unique characteristic of the XYZ Enterprises fellowship as it provides hospital operation rotations and a sufficient amount of healthcare innovation projects.
I believe that it is important to gain exposures to finance, business development, and healthcare technology as they are integral to the successful development and implementation of innovations. XYZ Enterprises, as the commercialization arm of XYZ, is more than just innovation. It is involved with venture capital investments. For instance, XYZ, one of XYZ’s investment portfolio companies, recently raised 12.5 million to address physician burnout issues. Furthermore, it also serves as a consulting firm that offers business services to partners. XZY co-develops with partners by offering business and strategy expertise. Hence, it perfectly combines business development, strategy, finance, and innovation. It is an ideal workplace for me since it satisfies my career goals and interests.
I have always wanted to work for a health system with innovative spirit. At XYZ, innovations are ubiquitous. During my administrative residency at XYZ Presbyterian Shadyside, I found that there are innovations in process improvement, quality, data analytic tools, etc. Innovation truly transcends the whole organization, and I know I am an excellent cultural fit for XYZ.
Over the summer, I was able to leverage my residency preceptor’s network to connect with XYZ, XYZ, and XYZ. They are XYZ Enterprises’ directors and managers. I met with them to discuss possible career options since they are experienced healthcare innovation professionals. After the meetings, I found that I am a great fit for the XYZ Enterprises fellowship because my career goal closely aligns to XYZ’s mission.
Lastly, my skillsets can be valuable to XYZ. Throughout
my professional career, I have gained data analytic experience, finance competencies,
and communication skills that will assist and be essential in establishing my
commitment to meeting XYZ’s organizational objectives. I look
forward to contributing my skills and experience to XYZ.
During my free time, I like riding my Onewheel, an electric skateboard with truly one wheel. Besides that, I enjoy working out with my friends. And occasionally participate in Pittsburgh autocross events and car track racing events. Lastly, I enjoy cooking Chinese food and western cuisine.
I am applying for XYZ Enterprises Track.