NAME:
STUDENT NUMBER:
MODULE CODE: EUP1501
UNIQUE NUMBER: 832677
GROUP NO:
ASSIGNMET NO: 08
(PORTFOLIO)
T A NAME:
DUE DATE: 25 OCTOBER 2022
SECTION A
Social Media in Economic Development
Social media platform: Facebook
Many people's lives are heavily influenced by social media. While not everyone
approves of the phenomenon, the city recognizes the impact it has on people's daily
lives.
People are increasingly using Facebook to reconnect with old friends, stay up to date on
people's lives, learn about upcoming events, and even shop online. Instagram and
Snapchat are popular social media platforms among the younger generations.
Whatever the platform, it can be used to effectively update the public with positive and
correct information while also promoting, attracting, and recognizing business.
Social media can help a city improve its customer service, increase transparency with
the public, and connect with residents on a level of interaction they are comfortable with.
Social media in economic development is especially useful in a city's promotion,
marketing, and attraction efforts. The use of social media is becoming commonplace for
many municipalities, nonprofit organizations, and private businesses.
As a result, it is reasonable to assume that social media has an impact on economic
equilibrium. Furthermore, social media allows for the optimization of operating costs and
the more efficient use of resources. They also have a genuine influence on consumer
decisions.
As stakeholders engage in online social interaction and expand their reach for new
products, services, and markets to open new revenue streams, Facebook is becoming
increasingly important for the socioeconomic development of countries around the
world. Previous research has looked at the environment that encourages the effective
1
,use of social networking technologies in the developed world. According to this study,
the enabling environment in developed and developing countries may differ, influencing
Facebook adoption and its socioeconomic benefits differently.
Advantages of using Facebook for business
Brand awareness: Facebook is one of the world's most popular social media
platforms. The presence of your company will help you gain exposure to potential
customers
Drive website traffic: You can help increase online visits by posting links to your
website.
Targeted advertising: You can target specific demographics on Facebook using
location, age, gender, and interests.
Generate business leads: Your Facebook 'likes' audience can be a great place
to start when it comes to generating sales leads. You can use contests and
giveaways to collect email addresses for your marketing lists.
Customer service and feedback: Facebook allows businesses and their
customers to communicate in both directions. You can use the messaging
service to communicate with your customers directly. Reviews and comments
can be an excellent way to collect customer feedback and identify areas for
improvement.
Monitor and improve: Utilize data from your page's 'Facebook Insights' to
determine what content performs best and plan for the future.
Challenges of Facebook for business
While Facebook can deliver plenty of benefits, it is important to be aware of the potential
downsides:
Time and resources: Setting up and maintaining a Facebook page takes time.
You may require a member of staff who can handle social media duties while
also having enough time to manage the page and create engaging content.
Skills: The employee who manages your Facebook page may require training to
ensure they have the necessary skills. They should be capable of planning and
creating content, responding to inquiries and complaints, and representing your
company.
Budget: To get the most out of Facebook, you'll most likely need to invest in paid
advertising. This will necessitate its own budget.
Negative feedback: Because Facebook allows for two-way communication,
dissatisfied customers can air their grievances publicly. It is critical to handle
these complaints correctly because your response will be scrutinized by your
audience. It is not recommended to remove genuine negative comments.
https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-facebook-
business
2
,SECTION B: Drone technology in Society
Drones in Agriculture
Agriculture drones? Sounds a little far-fetched, but farmers are finding them extremely
useful for monitoring their properties. Furthermore, with drones finding use in an
extraordinary number of fields, the idea does not seem out of place. The real question is
whether federal regulations will help or hinder the growth of this industry. We'll have to
wait and see on that one.
Where Do Drones Fit in The Agriculture Sector?
An agriculture drone is a type of unmanned aerial vehicle (UAV) that can be used to
monitor crop growth and aid in crop production. This technology has the potential to
3
, improve farm efficiency. Farmers can now geotag aerial images with high precision
thanks to them. Unmanned aerial vehicles (UAVs) or drones can assist farmers in
keeping track of their fields and livestock, which can aid in disease prevention.
Agriculture drones collect data on soil, fruits, crops, and weeds. These devices aid in
crop scouting and alert users to make the best pesticide and fertilizer decisions. This
can assist farmers in increasing their agricultural yield while causing no environmental
harm or waste. Developers are also collaborating with the government to track and
prevent illegal activities such as poaching, logging, and deforestation.
How Does The Agriculture Drone Technology Work?
UAVs have sensors and excellent imaging capabilities. Some even include thermal
infrared sensors for improved monitoring. Hardware, sensors, and software comprise
agriculture drone systems. Even in cloudy conditions, they capture high-resolution
images. These drones can provide a bird's eye view of the field, allowing farmers to get
a complete picture. This technology can detect issues such as fungal and pest
infections, soil variations, and irrigation issues, to name a few.
New technologies, such as flight-planning software, enable users to set flight paths,
resulting in greater land coverage. Agriculture drones use special light sensor cameras
to take pictures. Once these drones have landed, their software allows users to collect
and weave geo-tagged photos together, allowing for more efficient monitoring. Drones
can provide farmers with crop updates on a regular basis, allowing them to plan their
next steps.
Agriculture Drones - Market Aspects
Agriculture drones have received a lot of support from the farming community because
they perform a variety of tasks that help increase crop production and yield. This has
aided manufacturers in their investments in technology. The following are some of the
major factors driving the agriculture drone market:
The increased presence of automation in agriculture and farming presents
excellent growth opportunities for these drones.
Precision agriculture advancements, as well as GPS mapping innovations, are
expected to drive future agriculture drone market growth.
Drones have simplified farmers' understanding of their crops and irrigation
methods, potentially increasing their demand in the farming community. Farmers
can use this technology to implement smart integration systems and pesticide
management.
Government-friendly regulatory policies are also expected to assist both large
and small organizations in making their mark in the industry.
Agriculture drones designed for spraying crops have also demonstrated
efficiency, spraying an adequate amount of the required liquid evenly on them.
This is another potential market driver.
4
STUDENT NUMBER:
MODULE CODE: EUP1501
UNIQUE NUMBER: 832677
GROUP NO:
ASSIGNMET NO: 08
(PORTFOLIO)
T A NAME:
DUE DATE: 25 OCTOBER 2022
SECTION A
Social Media in Economic Development
Social media platform: Facebook
Many people's lives are heavily influenced by social media. While not everyone
approves of the phenomenon, the city recognizes the impact it has on people's daily
lives.
People are increasingly using Facebook to reconnect with old friends, stay up to date on
people's lives, learn about upcoming events, and even shop online. Instagram and
Snapchat are popular social media platforms among the younger generations.
Whatever the platform, it can be used to effectively update the public with positive and
correct information while also promoting, attracting, and recognizing business.
Social media can help a city improve its customer service, increase transparency with
the public, and connect with residents on a level of interaction they are comfortable with.
Social media in economic development is especially useful in a city's promotion,
marketing, and attraction efforts. The use of social media is becoming commonplace for
many municipalities, nonprofit organizations, and private businesses.
As a result, it is reasonable to assume that social media has an impact on economic
equilibrium. Furthermore, social media allows for the optimization of operating costs and
the more efficient use of resources. They also have a genuine influence on consumer
decisions.
As stakeholders engage in online social interaction and expand their reach for new
products, services, and markets to open new revenue streams, Facebook is becoming
increasingly important for the socioeconomic development of countries around the
world. Previous research has looked at the environment that encourages the effective
1
,use of social networking technologies in the developed world. According to this study,
the enabling environment in developed and developing countries may differ, influencing
Facebook adoption and its socioeconomic benefits differently.
Advantages of using Facebook for business
Brand awareness: Facebook is one of the world's most popular social media
platforms. The presence of your company will help you gain exposure to potential
customers
Drive website traffic: You can help increase online visits by posting links to your
website.
Targeted advertising: You can target specific demographics on Facebook using
location, age, gender, and interests.
Generate business leads: Your Facebook 'likes' audience can be a great place
to start when it comes to generating sales leads. You can use contests and
giveaways to collect email addresses for your marketing lists.
Customer service and feedback: Facebook allows businesses and their
customers to communicate in both directions. You can use the messaging
service to communicate with your customers directly. Reviews and comments
can be an excellent way to collect customer feedback and identify areas for
improvement.
Monitor and improve: Utilize data from your page's 'Facebook Insights' to
determine what content performs best and plan for the future.
Challenges of Facebook for business
While Facebook can deliver plenty of benefits, it is important to be aware of the potential
downsides:
Time and resources: Setting up and maintaining a Facebook page takes time.
You may require a member of staff who can handle social media duties while
also having enough time to manage the page and create engaging content.
Skills: The employee who manages your Facebook page may require training to
ensure they have the necessary skills. They should be capable of planning and
creating content, responding to inquiries and complaints, and representing your
company.
Budget: To get the most out of Facebook, you'll most likely need to invest in paid
advertising. This will necessitate its own budget.
Negative feedback: Because Facebook allows for two-way communication,
dissatisfied customers can air their grievances publicly. It is critical to handle
these complaints correctly because your response will be scrutinized by your
audience. It is not recommended to remove genuine negative comments.
https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-facebook-
business
2
,SECTION B: Drone technology in Society
Drones in Agriculture
Agriculture drones? Sounds a little far-fetched, but farmers are finding them extremely
useful for monitoring their properties. Furthermore, with drones finding use in an
extraordinary number of fields, the idea does not seem out of place. The real question is
whether federal regulations will help or hinder the growth of this industry. We'll have to
wait and see on that one.
Where Do Drones Fit in The Agriculture Sector?
An agriculture drone is a type of unmanned aerial vehicle (UAV) that can be used to
monitor crop growth and aid in crop production. This technology has the potential to
3
, improve farm efficiency. Farmers can now geotag aerial images with high precision
thanks to them. Unmanned aerial vehicles (UAVs) or drones can assist farmers in
keeping track of their fields and livestock, which can aid in disease prevention.
Agriculture drones collect data on soil, fruits, crops, and weeds. These devices aid in
crop scouting and alert users to make the best pesticide and fertilizer decisions. This
can assist farmers in increasing their agricultural yield while causing no environmental
harm or waste. Developers are also collaborating with the government to track and
prevent illegal activities such as poaching, logging, and deforestation.
How Does The Agriculture Drone Technology Work?
UAVs have sensors and excellent imaging capabilities. Some even include thermal
infrared sensors for improved monitoring. Hardware, sensors, and software comprise
agriculture drone systems. Even in cloudy conditions, they capture high-resolution
images. These drones can provide a bird's eye view of the field, allowing farmers to get
a complete picture. This technology can detect issues such as fungal and pest
infections, soil variations, and irrigation issues, to name a few.
New technologies, such as flight-planning software, enable users to set flight paths,
resulting in greater land coverage. Agriculture drones use special light sensor cameras
to take pictures. Once these drones have landed, their software allows users to collect
and weave geo-tagged photos together, allowing for more efficient monitoring. Drones
can provide farmers with crop updates on a regular basis, allowing them to plan their
next steps.
Agriculture Drones - Market Aspects
Agriculture drones have received a lot of support from the farming community because
they perform a variety of tasks that help increase crop production and yield. This has
aided manufacturers in their investments in technology. The following are some of the
major factors driving the agriculture drone market:
The increased presence of automation in agriculture and farming presents
excellent growth opportunities for these drones.
Precision agriculture advancements, as well as GPS mapping innovations, are
expected to drive future agriculture drone market growth.
Drones have simplified farmers' understanding of their crops and irrigation
methods, potentially increasing their demand in the farming community. Farmers
can use this technology to implement smart integration systems and pesticide
management.
Government-friendly regulatory policies are also expected to assist both large
and small organizations in making their mark in the industry.
Agriculture drones designed for spraying crops have also demonstrated
efficiency, spraying an adequate amount of the required liquid evenly on them.
This is another potential market driver.
4
