Premium Essay

Business and Technology

In: Business and Management

Submitted By srm1984
Words 579
Pages 3
There is a policy at Capital One Labs in Arlington that if a team needs more than two pizzas for dinner, the group is probably too big. Staying small has been a top priority for the 2½-year-old technology incubator, a spinoff of the McLean-based financial services giant. Unlike its much larger parent company, Capital One Financial Corp., Labs operates much like a startup — albeit a well-funded one — in an office dotted with beanbag chairs, throw pillows and an arcade machine built by employees.

Keeping teams small allows Capital One Labs to be nimble and move quickly. The company’s recent mobile wallet was born out of Capital One Labs, as was its recent partnership with Apple Pay.

About 50 employees work on a dozen projects at any given time.

Banks and credit unions are reinventing themselves as quasi-technology companies, coming up with new branch prototypes, payment systems and security protocols. With cybersecurity breaches becoming a major concern that costs the industry hundreds of millions of dollars, executives say the need to keep up with the latest technology has become not only important, but also vital.

PNC this year opened new “universal branches” in Rosslyn and Washington’s Tenleytown neighborhood, where teller lines have been replaced by tablet-toting employees.

Wells Fargo, which is experimenting with applications for Google Glass, has taken similar measures, picking the District of Columbia for its first high-tech locations.

Even smaller community banks are taking note: At Eagle Bank in Bethesda, Md., the technology team has quadrupled since the bank’s opening in 1998.

“The whole philosophy around technology has changed dramatically in the last 10 years,” said Susan Riel, chief operating officer for Eagle Bank. “At one time, banks controlled what technology people used, whether it was ATMs or credit cards. In today’s...

Similar Documents

Premium Essay

Business and Technology

...I. Elements of Business Environment II. Social factors affecting acceptance and rejection of an identified product. III. Texture IV. Texture is a crucial criterion for sensory acceptance and rejection. Certain textures do seem to be universally liked, crispness, for example—perhaps through its association with freshness. Of course, to some extent, we will always prefer textures that are compatible with our dentition, and thus we would not expect infants to like hard foods. Foods that are difficult to manipulate in the mouth—such as soggy foods—are commonly disliked, as are foods that require excessive saliva and effort to swallow, such as dry, tough meat. While food texture is often cited as a reason for rejecting food, for example raw oysters, it is likely that such preferences are also a function of our prior expectations for specific foods. V. Color VI. Food color is also undoubtedly a strong influence on acceptability, but again this is likely to reflect prior expectations. Whether we prefer white (U.S.) or yellow (U.K.) butter depends on what we have eaten in the past. Some colors have been thought to be inappropriate for food. The color blue, for instance, has been suggested as a candidate for a universally inappropriate food color—after all, very few foods are naturally blue. But recent marketing of brightly and "inappropriately" colored foods for children tends to undermine this notion, since the children appear receptive to unusual colors.......

Words: 5130 - Pages: 21

Premium Essay

Business Technology

...Page 1 of 2 Administrative Office Technology Complete List of Tuition and Books Required by Semester FIRST SEMESTER TITLE TUITION BOOKS Basics: English Benchmark Series: Microsoft Access 2013 Level 1 Benchmark Series: Microsoft Excel 2013 Level 1 Benchmark Series: Microsoft PowerPoint 2013 Benchmark Series: Microsoft Word 2013 Levels 1 & 2 College Accounting, Chapters 1-27 College Accounting: Chapters 1-15: Study Guide with Working Papers Electronic Business Machines Calculation Gregg College Keyboarding & Document Processing Kit3 Lessons 1-120 Windows Internet Explorer 11: Getting Started TOTAL FOR FIRST SEMESTER 21st Edition 21st Edition 3rd Edition 11th Edition 1st Edition 3rd Edition Copyright 2014 Copyright 2014 Copyright 2014 Miller & Brantley Rutkosky & Roggenkamp Rutkosky & Roggenkamp Rutkosky & Roggenkamp Rutkosky & Roggenkamp Heintz & Parry Heintz & Parry Schneck & Giordano Ober Gaskin & Pritchard 9780538728829 9780763854041 9780763854010 9780763854065 9780763853976 9781285055411 9781285418896 9780135718032 9780077825737 9780133847635 69.90 98.40 98.40 118.20 145.70 206.00 76.00 134.30 209.50 30.60 $1,727.00 EDITION/COPYRIGHT AUTHOR/PUBLISHER ISBN # PRICE 540.00 SECOND SEMESTER TITLE TUITION BOOKS Administrative Professional: Technology & Procedures Advanced Microsoft Word 2013 Desktop Publishing Basics: Business Communication TOTAL FOR SECOND SEMESTER 14th Edition 1st Edition 3rd Edition Fulton-Calkins, Rankin, & Shumack Arford, Roggenkamp, & Rutkosky Merrier......

Words: 391 - Pages: 2

Free Essay

Technology and Business

...Technology has revolutionized business; now it must revolutionize learning. In the 21st century, people have to learn more than ever before. Especially for global organizations, live classroom-based training is becoming too costly and cumbersome. Even if employees had the time to attend all the courses and seminars and to read all the books and reports they should to remain up-to-date in their area of work, the cost of such learning would be prohibitive. The need to transform how organizations learn points to a more modern, efficient, and flexible alternative: eLearning. The mission of corporate eLearning is to supply the workforce with an up-to-date and cost-effective program that yields motivated, skilled, and loyal knowledge workers. Anywhere, anytime, anyone. The Internet can offer the logical solution for a company's education and training objectives. Approximately 80% of the professional workforce already uses computers on the job. Technical obstacles, such as access, standards, infrastructure, and bandwidth, will not be an issue in a few years. The growth of the World Wide Web, high-capacity corporate networks, and high-speed desktop computers will make learning available to people 24 hours a day, seven days a week around the globe. This will enable businesses to distribute training and critical information to multiple locations easily and conveniently. Employees can then access training when it is convenient for them, at home or in the office. Substantial cost......

Words: 1030 - Pages: 5

Premium Essay

Technology and Business

...Technology and business are very important !! I remember seeing Ben & Jerry's ice cream cups in 7-Eleven next to Haagen Dazs products. They did not stand out in the crowd, which I'm sure is not a good sign when you want to establish a brand in that market. The product was missing a story and its identity, which is a shame because it has such a unique history and a character. And so they were, out from the shelves in months.   I hope when they do decide to come back to Japan, as many foreign food manufactures do (e.g. Burger King), they would consider opening a scoop shop in the heart of Tokyo, and perhaps learn from the Krispy Kreme example of word-of-mouth approach. As a biggest fan, I feel unease when Japanese around me don't even know they were in the market at one time. It is like they have never set a foot in the market. Shaded Area Does Not Operate on Sundays. *Does Not operate Saturdays during IU Semester Breaks * On IU Football Saturdays Call Bloomington Transit at 336-RIDE for Information on Possible Detours on this Route. Shaded Area Does Not Operate on Sundays. *Does Not operate Saturdays during IU Semester Breaks * On IU Football Saturdays Call Bloomington Transit at 336-RIDE for Information on Possible Detours on this Route. Shaded Area Does Not Operate on Sundays. *Does Not operate Saturdays during IU Semester Breaks * On IU Football Saturdays Call Bloomington Transit at 336-RIDE for Information on Possible Detours on this...

Words: 262 - Pages: 2

Premium Essay

Business & Technology

...as low interest loans, grants that would help private sectors to get on with their main concerns. . . Socialism is built on a ideal if equality. In a society the government /people take care of the poor. Socialism believes in providing free healthcare and olther programs to take care people and vesting ownship and control of the means of the productions. The government would already likely to be responsible for the needs of those in need. It also states in the book that workers get longer vactions and work fewer hour per week so the can better assist with the crisis and help clean up with the disaster. (Nickles, Mchugh & Mchugh 2010). There will be all kinds of battles between communities/governments/ business officials the reason being is because all Of them would want a piece of the pie. The cost of heat in the winter goes up because the energy compines know that...

Words: 365 - Pages: 2

Free Essay

Business in Technology

...PDF]Strategic Planning Template - Socrates socrates.berkeley.edu/~pbd/pdfs/Strategic_Planning.pdf may have previously developed vision and objectives, the planning process provides an opportunity ... defines a target audience and a set of goals and objectives;. • plans and ... Vision is a long range picture of how the “world will be” if you're successful in your work. .... Also, problem statements should be framed as either:. Angle of view - Wikipedia, the free encyclopedia en.wikipedia.org/wiki/Angle_of_view Wikipedia The effective focal length is nearly equal to the stated focal length of the lens (F), except in macro photography where the lens-to-object ... is usually defined to be positive, despite the inverted image. ... of the frame (the film or image sensor). [PDF]Development Cooperation: a French Vision - France ... www.diplomatie.gouv.fr/.../Doc_Cadre_ANG_2011-2_cle09c7ea.... France ambition to define zones that are of common interest to North ... thrust, in line with France's vision of a European. Union set to .... reinforce the legitimacy and effectiveness of official action. ...... involving citizens upstream in the framing of public ... [PDF]Transformational Leadership - Regent University https://www.regent.edu/acad/.../ELJ_V1Is1_Givens.pdf Regent University by RJ Givens - ‎2008 - ‎Cited by 29 - ‎Related articles vision. The review also explores the following personal outcomes of the ... Koh et al.). Research has also shown that transformational......

Words: 470 - Pages: 2

Free Essay

Business Process Technologies

...Business process Technologies ( by Barbara, Investing the effort of BPM) Business process management technology has become an important instrument for supporting complex coordination scenarios and for improving business process performance. Providing IT support for business processes has become crucial for enterprises to stay competitive in their market. For this need there have been different process support paradigms ( workflow management, case handling, service orchestration). Workflow management and case handling systems are well suited to support business and administrative processes that are well structured and have high degree of repetition. Workflow management systems enable the modelling, execution and monitoring of business processes. A case handling aims at more flexible process execution by avoiding restrictions known from workflow technology. They have conducted experiments with students to compare workflow mgmt and case handling technology whether BPM technology and knowledge of process specification has an influence on the response variable `implementation effort’. Further, they have discussed the preparation and execution of experiment which fairly covers the analysis and interpretation of the experimental data. Finally, authors have discussed results indicated from their experiment : Process implementation based on workflow technology generate lower effort compare to implementations based on case handling technology, data indicates that growing knowledge......

Words: 396 - Pages: 2

Free Essay

Technology Innovation and Business

...Technology and Innovation in Business Names Kenya Methodist University Question 1 Technology continues to have a large influence in business today. Businesses are depending on technology that virtually all business activities around the world would shut down in its absence. Industries attribute the use of technology in their economical development. Most industrial operations nowadays depend on technology for progress. Thus it is concluded that firms are leaning towards technology because they need it for sustenance (Oklahoma Small Business Developments Centers, 2013). Technology is the cause of growth of all economical advancements today. Business activities have been ongoing before emergence of computers and other technology. The use of barter trade was the norm before introduction of currency but business process was slow and not reliable. Technology saved the day with introduction of computers that revolutionized commerce. Today computers are used in all aspects of business such as research, production, maintenance and delivery of all commodities of production. All businesses regardless of size rely on computers in undertaking their daily operations ranging from maintenance of client profile, employee systems, sales systems, accounting systems to automation systems for large scale production. In addition to that, technology boosts communication and marketing of end products. Furthermore, transport details involve logistic systems that ensure safety of manufactured......

Words: 1050 - Pages: 5

Premium Essay

Technology in Business Communication

...and support to help their modern and innovative obsolescence the expertise that they are. Technology helped them to gradually develop and improve their expertise, access time is shortened and extended over many fields in it, the use of technology in business and continuous development. Business forms and use various means such as web, email, text messages in order to manage, connect, communicate and trade in modern form. II. Body The development of human race always bases on knowledge and capable of creative. On last historical period, people mostly do by instinct, with little knowledge, not enough to be creative. Switch to the era of agricultural civilization, people began to have created innovative tools such as farming (plow, plant hoes, and water). However, it took from 4000 to 5000 years after, human began to have real knowledge, be aware to the objective law and entered a new era of the industrial era, the era of the great technical innovations. Due to grasp the objective law, science thrives, especially in the late 19th to early 20th century. More new branches appear as quantum research, nuclear, aerospace, ocean … However, it slowly moves since the 2nd world war, the scientific and technologic achievements were used in military purposes. After the war ends, the world has condition to change scientific achievements into technology. In 80s and 90s of 19th century, technology was developed with remarkable speed. Such as: The first IBM-PC invented (1981), The......

Words: 1036 - Pages: 5

Premium Essay

Information Technology in Business

...Riordan Manufacturing business chose to outsource their information technology (IT) systems and services for a variety of reasons. This choice carries with it some obvious benefits and some often not so obvious risks. Companies choosing to outsource IT must weigh the benefits and risks carefully, take measures to attenuate the associated risks and prepare their employees for the change by launching a campaign about the benefits of outsourcing. The risks involved with outsourcing mainly involve accessibility to service. According to Applegate (1995), if you rely on an outside contractor who generally has to come onsite to support your network, then [consider removing "then"] you live in a world where you simply hope critical services don’t [Contractions are inappropriate in academic writing--write it out] go down at a time when your ability to conduct business will be interrupted. Busy IT contractors may take days before they can come in to help, and this will likely be unacceptable if the problem is making it impossible for your staff to work. All the money saved by using a pay-as-you-go contractor can be lost with one serious issue within your network. With remote IT support such as managed services, some business owners are uncomfortable with having less personal touch and immediate feedback. When you have your own network administrator onsite, you can call them into your office and get a report or have questions answered. A remote based service will never be able to......

Words: 991 - Pages: 4

Free Essay

Business Communication Technology

...Business Communication Technology Com 295 Business Communication Technology Introduction Instant Messaging is a tool used in today’s Business as a communication tool. Instant Messaging also known as IM is a term used to describe software apps such Widows Live Messenger, AIM, Yahoo Messenger, and Google Talk. The software allows users to have real- time conversations. “IM has exploded in popularity since ICQ, the first free, public instant-messaging utility, was introduced in 1996,” ("Encyclopedia.com", 2009).  The role IM is taking in business communication is growing. What is the role of IM in Today’s Business World? According to "Encyclopedia.com" (2009) the impact IM is having on today’s business world is that it allows employees to get immediate answers from co-workers, clients and suppliers. Some company’s say that this allows for increases in productivity. Other uses for IM are virtual meetings and collaboration on group projects.  “Backers say IM, once dismissed as a plaything for the under-twenty set, dramatically speeds up the flow of information in and out of a company,” ("Encyclopedia.com", 2009).  The Good and the Bad Even though, IM allows for quicker responses it also has some downsides. It is not a secure form of communication. Leaving the business open to potential security risks for document interception and viruses. If a company does not have strict rules, using IM can be considered a distraction. Some companies are using enterprise instant......

Words: 408 - Pages: 2

Free Essay

Business Information Technology

...The purpose of this report is to understand the effect and impact that business process, competing and/or complimentary technologies and information systems have on an organization. This report has considered two business process models (As-Is & To-Be model) in Conundrum Consultants and discuss about the role of business process modeling for an organization and IT’s importance to an organization After taking the comparison of two models, we found the To-Be Model will be more efficient than the As-Is model for CON. 1Introduction 1.1 Purpose The purpose of this report was to compare two models (As-Is and To-Be model) in CON and make the General Manger clearer understands about the changes before the new changes is implemented 1.2 Scope While comparing these two models, it was important to understand the role of business process modeling and the importance of the IT in business analysis. 1.3 Method The information used in this report was collected by text reference book and online journal report. 1.4 Limitation In the report we only discussed about the process modeling and IT’s benefits to an organization. They may also have some side effects to an organization and we haven’t discussed the side effects in this report. 1.5 Background Conundrum Consultants is an organization of private surveyors who issue building permits, sewerage and waste disposal permits and road access permit for building project in Victoria. The applicants experienced a long application......

Words: 273 - Pages: 2

Premium Essay

Business Information Technology

...form to the customers after they finish their food, or even he can launch that through the web site to write him a a direct email notifying him about any issue that the customer face. 2. Input will be the order that the waiters writing it in a piece of paper. The process when the waiters take the order to the kitchen to prepare the order and finally the output will be the food. Now the feedback will be the customer’s opinion about the services and the food and from the feedback James will also be able to know how is efficiency in the restaurant. 3. Lets define the business process first to link it with the Yas International restaurant, its set of logically related tasks and behaviors that organization develops over time to produce a specific business results and the unique manner in which these activities are organized and coordinated. Now the restaurant having very weak ordering system business process because they are not generating and fulfilling an order properly, there is not market plan that why the customers are thinking to go to other restaurant. Initially, the kitchen will receive the paper pad from the waiters to prepare the food, the supervisor chefs will distribute the task among the chefs depend on the load and orders that they...

Words: 1724 - Pages: 7

Premium Essay

E-Business Technologies

...Business website Student name Institution Business website Introduction This paper will discuss about technology in a business, to be precise business website. It will also discuss the impact of the improvement to the business. A website can be defined as gathered documents or pages that when accessing you must use Internet. Today every organization has its website for advertisement (Simmons, Armstrong, & Durkin, 2008). Discussion Website improvement For the website to be effective to its viewers it has to be improved. Here are some methods to improve a business website. Website needs to be improved, be in a position and assume you are the owner of this website here are some sections to be improved (Lee & Kozar, 2006). For organization website to be successful, it must be very informative to the visitor. One trick to make a website better is improving it. One trick to improve a website is to make it simple. Take your time and think what you want your visitor to do after visiting your site, either to call you or register using an email. Make sure to reduce actions on your website to make sure customers don`t have too many choices since prospective get confused and leave the site. It is also advisable to fix any problem. Problem arises when the website is being updated. Make sure that the links on the site are working and the information in each page is accurate and smooth (Lee & Kozar, 2006). You cannot believe visitors don`t like looking for......

Words: 691 - Pages: 3

Premium Essay

Intro to Business and Technology

...Lucia Gibson Week 1 Homework BUSN-115 Professor Tammy Green November 3, 2013 1. Which economic system is best suited for handling a crisis of epic proportion (hurricane, flood, blizzard, forest fire, and so forth)? Why? In my opinion, the economic system best suited for handling a crisis of epic proportion is the free-market capitalistic system. The reason I picked this system over the others is that the government has access to many resources, businesses will give aid, and generally people will do a lot to help. The government counts on the military and the Coast Guard to perform the rescue efforts and provide security for the people affected. Generally, capitalistic systems have more access to monetary funds to help the affected areas rebuild and provide basic needs to the citizens impacted. Besides the aid that the government can provide there are many businesses that will use their own resources to handle crisis. Many businesses will make monetary contributions to non-profit organizations, such as the Red Cross, to help with the relief efforts. The government can also hire businesses have more knowledge on how to better restore areas. The public as a whole is more willing to rebuild what was lost since it impacts everyone’s life. People are also more inclined to send donations, whether it is monetary or by sending supplies, to the people affected. Most people will not just wait for the government to fix everything; they are more willing to pitch in and......

Words: 704 - Pages: 3