Current Events Assignment.Technology and Innovation in Business Models

Current Events Assignment
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Technology has shaped today’s society into something that seems impossible just a few decades ago. It increased efficiency, interconnectedness, and productivity in the normal operations of a business, thereby resulting in integrated worldwide business models which would be impossible if the internet failed to exist.
Technology and Innovation in Business Models
Globally, almost all businesses recognize that technology and innovation is the norm and the inability to utilize its potentials leads to failure. In an article written by Armen Gharabegian (2018), founder and CEO of ShadeCraft Robotics, he said that businesses these days are heavily reliant to technology in almost all aspects of the process. This is true for businesses all around the world where interconnectedness is valued not only in internal operations but also in external interactions. Take for example the collaboration processes between companies. Before the dominance of the internet, most companies would hire intern...