Impact of Technological Advancement on Business and Importance of Learning

Academic research and
writing

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
How adapting to new technology is impacting business .......................................................1
Learning from this writing .....................................................................................................3
Why learning is important......................................................................................................3
How learning could benefit in future studies and development plans....................................4
Personal development plan.....................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Technological advancement refers to the development or discovery of informations and
knowledge that helps in understanding advance technology. The main purpose of advancing
technologies in business is to make operations of companies efficient and productive (Yu and
Liu, 2021). The following report covers how technological advancement has impacted business
worldwide. Furthermore, it has also been evaluated in the report that why learning is important
and hoe it helps in personal and professional development. Lastly, a personal development plan
has been made.
MAIN BODY
How adapting to new technology is impacting business
Technology has become a very essential part in today's world of digitalization where
several business utilize technologies to expand their market. Technological infrastructure
impacts the efficiency, culture and relationship of companies as well as also affects the safety of
their confidential details (Hassanien and Dale 2019). The given below are some factors by which
technology is impacting business in present times:
Way of Communication:
Sharing of information about offered products or services by companies is very essential
in every business. In the world of digitalization there are many ways by which technology has
make it easier, efficient and faster for organisations to share information. With the help of many
online applications such as Zoom, Microsoft teams and others several firms are able to organise
work as well as teams operating from different geographical area. Social media platforms such as
Facebook, Instagram and many other have provided a platform for direct communication with
their targeted customer. This direct and indirect communication assist business to understand
new trends and demands of customers.
Remote working:
This style of working has been growing steadily in the market but after the outbreak of
Coronavirus (COVID-19) in the year 2019, companies were forced to promote remote working.
With the help technologies various organisations including all sector such as private, public, non-
profit or start-ups were able to operate their business online (Aldrich and Wiedenmayer, 2019).
Companies use various online tools such as Goggle meeting, Zoom meetings and other
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