Benefits Challenges Technological Development Businesses Q34255895

What are the benefits and challenges of technologicaldevelopment for businesses?

Expert Answer

The benefits of technologicaldevelopment for business are below.

Technological developments have helpedbusiness to streamline and improve the processes and increaseproductivity.

It helped the workforce to completetheir tasks easily with the help of new equipments.

Automation has helped to reduce thetime delay that may happen while doing manually and improvedefficiency.

The technological developments likeCRM have helped the business to understand the customers and servethem better.

The development in the field ofinternet has helped the business to access data from anywhere andalso made large data storage and management easier.

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