How technological innovation alters business

Technology constantly innovates, and this post analyses some the effects this has.

The progress in things like wireless tech have additionally allowed the progress of computer technology. Without the invention of wireless internet, the functionality of laptops would be very restricted. As there has been such great innovation in this industry however, it means other companies can feed off that and further innovate themselves. Laptops have ended up being a lot more popular for personal use, and this has been viable as a result of the innovations in the communications sector. It is also true however that; had laptops or phones not been invented, then less individuals would need Wi-Fi, so the need for invention in separate, yet complimentary sectors, is evident. Without the progress made by computer and phone companies, then there may not have been the emergence of many network suppliers. Virgin Media shareholders, for example, have profited from the wide usage of laptops and mobiles in both homes and companies.

Nearly any field has examples of innovation and this post will show three examples of this. In the telecoms field there have been numerous innovations since the first phone was created. Potentially the greatest innovative idea that was designed in telephones was the creation of the mobile telephone. By enabling users access a compact telephone, they immediately increase the amount of telephones individuals, or households at least, possess and utilize. By boosting the amount of items offered, it of course boosts revenues earned. This example of innovation has allowed the likes of the Telecom Italia top shareholders, to increase their returns because of the increases in revenue. Industries in which there is plenty of room for innovation will receive the greatest funding, as invention is one of the fastest steps to develop market value. This is part of the reason why the technology field has expanded so quickly and so widely.

Advancements in the internet and internet service have been frequent since it became widely available in the 80’s and 90’s. A fantastic example of innovation in technology was the introduction of wireless connections. Wireless connections are much easier to use than the dial up connectivity that were needed in the 90’s. For internet suppliers to be successful they have needed to adjust to the introduction of wireless internet, and to do this they have had to provide matching if not better services than their rivals. The nature of this business suggests that the provider with the best service will generally prosper and receive the most customers, there is very little physical items supplied, so service must be their main focus. It is remarkable how the BT owners have kept the business at the forefront of telecom supply and internet services, and the majority of that is down to innovating and adapting to the changing market place.

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