Technology: Advancing Technology

Technology: Advancing Technology

Advanced technology

Technology is dynamic; It keeps improving because our needs and demands of the technology keep changing

We have moved from the industrial era (industrial revolution) to the information era. During the industrial era, companies with large capital had the ability to employ expensive technological means to gain competitive advantage; Small businesses had little capacity because they could not afford expensive manufacturing or processing technology equipment.

However, advancement in technology has created a new economic environment that depends on information, and what we call the 'information age'. The information era provides a different work environment and has helped small businesses regain their positions in highly competitive markets.

The history of technology