How are Technological Advancements helping to Reshape Global Economic Growth?
With the market power of technology on the rise, organizations are exploring and identifying how technology and intangible assets are changing the global economy. The biggest contrast between the industrial revolution and the technology revolution lies in the assets and wealth derived from them. While the technological revolution is critically different, a qualitative assessment enables organizations to establish a relationship between the financial and economic qualitative underpinnings of the view. It is vital to recognize the pattern of the diffusion of technology with a focus on the current monopoly practices. Modern technology is driven majorly by the faster adoption of automation software. While monopoly wealth is considered as an intangible asset basis, the monopoly advantage is derived from intangible assets and the acquisition of smaller companies. How have technological changes accelerated and made suggestions for organizations to address t...