Technology And Business: How Innovation And Entrepreneurship Have Made An Impact

There are a plethora of new business that start every year, hoping to make a positive change. Many of the startups that have been successful have made a big impact in the world of technology. It’s important that businesses embrace technology and increase innovation to survive amongst the competition.

How Innovation And Entrepreneurship Have Made An Impact

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Technological Advantage

The technological advantage, or a company having the newest technology before others, can now mean the difference between success and failure for many companies. For example, if a company is the first to install solar panels, and then invest the savings in energy costs in more productive pursuits like cultivating a larger customer base, other companies will likely find it necessary to follow suit in order to remain competitive.


As in the solar example, to be profitable, technological innovation must be combined with entrepreneurial vision to create a business model which incorporates it to its fullest advantage. One of the reasons for the decline in the number of new businesses that are able to provide jobs is the challenge business owners face in finding adaptable innovative workers. Because technology is progressing at such a rapid rate, workers must constantly upgrade their knowledge of current technology, as well as their skills in implementing it.


One example of how new technology is being implemented to reduce costs and increase profits are in the fields of architecture and construction. Using advanced software, architects are able to create 3-D models, which eliminates the need for costly design changes. Amazingly, the software also automatically creates the 2-D orthographic drawings needed by construction teams. When a piece of equipment is moved or a change is made in the 3-D model, the dimensions of the 2-D drawing are automatically adjusted accordingly.

Computer Technology

The U.S. Department of Labor predicts that the field of computer technology will grow 30% by 2020. Educational programs that focus on computer technology promise to be one of the most powerful forces for future business growth and for reversing this negative trend. Programmers creating innovative new applications and methods of networking will result in new business ideas for products and services and investments to turn those ideas into reality. Obtaining an online master’s degree in computer science is an important step to making a difference in the world of technology.

Software Engineering

Software engineering, design and analysis are in high demand in the current job market and that demand will continue to increase. Ten years ago, none of us could have imagined tweeting from a smart phone as a part of everyday life. Just as we couldn’t have imagined all the ways in which computer technology affect our lives, it also has the potential to create whole new job markets that we haven’t even begun to imagine yet.

In recent years, a growing number of businesses have made a positive impact in the world of technology, and it will continue to evolve and grow. It’s important to get the right education and experience to be successful in this exciting field.

By Anita Ginsburg

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