Browsing: Digital transformations

Technological change
  • Technological developments have completely changed how businesses run, engage with customers, and promote economic progress.
  • Digital innovations like cloud computing, big data analytics, and machine learning have given organisations access to real-time information and personalised services.
  • Disruptive technologies, characterised by their ability to significantly alter the business and social landscape, have driven massive economic transformations.

Technological change profoundly impacts businesses and the global economy in today’s rapidly evolving digital landscape. Technological developments have completely changed how businesses run, engage with customers, and promote economic progress.

Technological change has catalysed economic transformation, driven by various technological advancements. Businesses constantly adapt to new technologies to stay competitive, improve efficiency, and meet evolving consumer demands. The Internet of Things (IoT) and automation are examples of technological advancements that have completely changed various industries and organisational structures.

Technological change has reshaped work, leading to new employment patterns and skill requirements. The gig economy, involving