DATA4300 Data Security and Ethics Report 1 Sample

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DATA4300 Data Security and Ethics Report 1 Sample

Assessment Description

You are being considered for a job as a compliance expert by an organization and charged with writing recommendations to its Board of Directors’ Data Ethics Committee to decide on:

A. Adopting new technology solution that addresses a business need, and

B. The opportunities and risks of this technology in terms of privacy, cybersecurity and ethics

Based on this recommendation you will be considered for a job at the company.

Your Task

• Choose a company as your personal case study. You must choose a company which starts with the same letter as the first letter your first or last name.

• Complete Part A and B below:

(Case Study): Students are to write a 700-word case study and submit it as a Microsoft word file via Turnitin by Monday, Week 6 at 10:00am (AEST) (Before class)

Note: Completing Step 1 before Step 2 is crucial. If you have not submitted Step 1 in time for your in-class Step 2, you must notify your facilitator via email immediately to receive further instruction about your assessment status.

Assessment Instructions

Case Study

You are being considered for a job as a compliance expert by an organisation and charged with writing recommendations to its Board of Directors’ Data Ethics Committee to decide about:

a) Adopting a new technology solution that addresses a company need, and

b) The opportunities and risks of this technology in terms of privacy, cybersecurity, regulation and ethics and how this affects the viability of the technology

Your answers to the above two questions will be presented in a case study which will be considered in your job application. See suggested structure below:

Solution

Introduction

In the recent established food and beverage companies, there have been two big names of soft drink companies having global appreciation and acclamation. One of them is Pepsi which has complete organizational dominance in the global soft drink since 1898 to till now and it has competitors like Coca Cola. university assignment help, Pepsi has been one of the largest food and Beverage Company in the world. It is an American-based company that sells several foods and beverage products such as soft drinks, beverages and snacks. In 1893, Pepsi has come to the food and beverage market as the name of " Brad's Drinks' and invented by Caleb D. Bradham. Pepsi has felt the needs for embracing advance technologies within in its buisness processes in due courses of time addressing the changing market needs. The food and beverage company, Pepsi has realized the need to use the emerging technologies like artificial intelligence, the internet of things, secure web payment, and blockchain technologies to gain better market captivity and to reach international customers achieving competitive edge over the rival soft drinks industries. Pepsico company using Artificial Intelligence to secure their market data and provide real-time customer services with the best consumption accessibility and buying facilities. Pepsico company using the Internet of Things technology able to develop the manufacturing performance system and production efficiency and building improved customer support systems. The using of blockchain technology by the Pepsico Company will ensure a cost-effective operational development engaging better resource and costs allocation and developing products quality.

Privacy, cyber security, and data ethics Opportunities and risks

Artificial intelligence technology uses by Pepsico Company

Al or Artificial Intelligence is a technology that helps in machine learning and adjusts with the new inputs device and growing human mindset to adapt with such technological advancement. Production and manufacturing companies use artificial intelligence for developing the buisness solutions aligning and supporting the human intelligence. Artificial intelligence is advancement in technology and using artificial intelligence to develop the PepsiCo market network to reach potential customer and fulfil the needs of the stakeholders. Using artificial intelligence can change the way that a company generally interacts with the customer and staff. The use of artificial intelligence helps to ensure real-time communication exchanging insight’s structure or organize data safely and securely personalizing every data.

Artificial intelligence is very important because it can help the company to predict outcomes or loss of the company in the future. The use of artificial intelligence can help in achieving sustainable business operation. Artificial intelligence also helps to improve the capacity of human beings like greatest customer engagement creating loyal customer for Persico (Ansari, and Sumardi, 2020). Although there are several benefits of using artificial technology, on the contrary, there are some risks related to Artificial Intelligence technology use. The use of artificial technology can be very costly and sometimes it can also make people to have operational challenges . There are some ethical risks also related to artificial intelligence (Gadinis and Miazad 2020).

Opportunities and risks of using blockchain technology by the Pepsi Company

Presently, Blockchain is one of the most popular technologies used by Pepsico. It is a technology where the company can distribute and conduct merging and acquisitions achieving successful collaborative business partnerships which can develop the reliability and products quality creating market demands. The use of blockchain technology has improved accountability and accumulation of potential suppliers. Pepsico uses blockchain technology to collaborate with several startups that will improve the sustainability perspective of the company ensuring global recognition. Blockchain technology also improves the recycling process, developing cost effective buisness process and cope with any environmental hazards for the environment and the society. Blockchain technology also increases the quality of the product making it less harmful and able to increases production volumes in minimal time span. Though blockchain technology has several benefits it has some major demerits such as security risk based on data interpretation and investigation. (Kumar and Kaur, 2022).

The use internet things technology within Pepsico can able to maintain costs and manage a cost-effective resource sourcing and funding lowering the investments cost compared to other food and beverage companies. The Internet of Things technology supports advance tech-solution ensuring realization of huge revenue generation and increased profit amounts. On the contrary, the several negative impacts affecting the company leading to employee’s adaptations with such high-end technology. For instances, internet things can affect the security process of the company. So, whenever a company is using the technology of Internet things, the company should be very aware of securing the data. There are several advantages such as using virtual payment system which can lead to fraudulent activities. It can affect security directly and affecting the costs’ structure learning. In the end, it can be said that several advantages can help the company to reach its zenith but, there are some demerits also.

References

Ansari, M. and Sumardi, W.H., 2020. Employing big data in business organization and business ethics. International Journal of Business Governance and Ethics, 14(2), pp.181-205.

Gadinis, S. and Miazad, A., 2020. Corporate law and social risk. Vand. L. Rev., 73, p.1401.https://scholarship.law.vanderbilt.edu/cgi/viewcontent.cgi?article=4408&context=vlr

Kumar, T. and Kaur, S., 2022. Blockchain Technology: Present and Future Perspectives. In Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance (pp. 258-265). IGI Global.

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