Why is technology important?

It is only due to the fast improvement in the field of technology, which has enabled the world to witness so much growth and progress in a matter of few years. Technological innovations have caused various changes and have helped economies transit through their development phase at a much faster pace as compared to those years where there was no or very less scope for technological progress. This is the main reason why companies now find themselves to be fighting vigorously with other companies to get maximum possible market share. One misjudgment or late decision-making process would cause the other company to benefit from this situation, and thus every company is now required to stand on their toes so that they could always be amongst those who capture any change or improvement in technology that can enable them to move further ahead of others. (more…)