Technology: It is defined as “a capability given by the practical application of knowledge. Methods that enable us to accomplish tasks.” As each day, month, year passes, so does the evolution of new methods to streamline and infuse businesses with more productive and cost effective processes. No matter the size of your business, the tangible and intangible benefits of technology play a role not only in successful productivity, but also, communication and relationships.
In today’s business environment, communication is expected to be disseminated swiftly. Beneficial communication technology evolves at a rapid pace, making it critical to keep your business acumen on the pulse of these advances.
We are immersed in the Fourth Industrial Revolution and top of mind for CEOs is the impact technology has on their businesses, whether they are small, medium or large.
Three out of five of the top megatrends identified by the latest Price Waterhouse Cooper (PWC) 21 Century CEO survey highlights response to technology as:
1. Fears over losing a technological edge.
2. Some industries are pulling ahead on digital reskilling.
3. More US CEOs plan to drive growth with new opportunities in emerging technologies.
For business owners, understanding the advances and disruption of new technologies — from Blockchain, to artificial intelligence, to machine learning, to Big Data — is crucial for the survival of their businesses. Tech Impact aims to help you and your company be “in the know” to stay competitive, relevant and “ahead of the game.”
New advanced technology has impacted our lives and It will continue to impact the future. Technology impacts the environment, people, businesses and the society as a whole.
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