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Technological Change

Change that arises as a result of development and innovation in technology.

Technological change is the process by which new technologies are developed and adopted, which can have a significant impact on businesses and economies. Some recent examples of technological change include:

  • Artificial intelligence: This technology is being used in a variety of industries, from healthcare to finance, to improve decision-making and automate tasks.
  • Cloud computing: This technology allows businesses to store and access data and applications over the internet, rather than on local servers, enabling greater flexibility and scalability.
  • Virtual and augmented reality: These technologies are being used in a variety of industries, from gaming to real estate, to create immersive and interactive experiences for users.
  • Blockchain: This technology is a decentralized digital ledger that is used to record and verify transactions, and is being used in industries such as finance, supply chain management, and healthcare.

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