The Role of Innovation and Technology in Modern Business

Rahul M. Bhandari; Sanjay  N. Vikhe

doi:10.69968/ijisem.2025v4i1311-316

Authors

Rahul M. Bhandari Department of MBA Sir Visveswaraya Institute of Technology, Nashik
Sanjay N. Vikhe Department of MBA Sir Visveswaraya Institute of Technology, Nashik

DOI:

https://doi.org/10.69968/ijisem.2025v4i1311-316

Keywords:

Technology, Commercial Enterprise Innovation, Virtual Transformation, Operational Efficiency, Product Improvement, Marketplace Expansion, Competitive Gain

Abstract

Technology has performed an important role in driving enterprise innovation. The fast advancements in generation have enabled companies to enhance their operations, enhance productiveness, and advantage an aggressive aspect within the marketplace. In nowadays digital technology, era has end up an indispensable a part of each commercial enterprise, spanning throughout numerous sectors and industries. This essay explores the role of generation in business innovation and its impact on groups and society as a whole. One of the key contributions of technology to business innovation is the automation of strategies. Automation has revolutionized the manner businesses operate by streamlining operations, decreasing human errors, and increasing efficiency. Thru using sophisticated software program, organizations can automate repetitive responsibilities, releasing up valuable time and assets. This permits employees to focus on greater strategic and fee-delivered sports, which includes trouble-fixing and decision-making, main to accelerated innovation and productiveness. Moreover, era has facilitated the growth of groups beyond their traditional barriers. With the arrival of the internet and e-commerce, businesses can attain a global target market and faucet into new markets.

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