Open Access
Journal Article
Technology Adoption and Business Performance
by
Michael Brown
IRBM 2023 5(2):45; 10.69610/j.irbm.20231224 - 24 December 2023
Abstract
The rapid advancement of technology has significantly transformed the business landscape, prompting organizations to adopt new technologies to improve operational efficiency and enhance business performance. This paper explores the relationship between technology adoption and business performance, focusing on how the integration of technology influences various aspects of organ
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The rapid advancement of technology has significantly transformed the business landscape, prompting organizations to adopt new technologies to improve operational efficiency and enhance business performance. This paper explores the relationship between technology adoption and business performance, focusing on how the integration of technology influences various aspects of organizational functioning. Through a comprehensive review of existing literature, including case studies and empirical research, this study identifies key factors that mediate the impact of technology adoption on business performance. Findings suggest that technology adoption can lead to increased productivity, better decision-making processes, and improved customer satisfaction. Additionally, the study highlights the importance of strategic planning, employee training, and change management in facilitating successful technology adoption. However, challenges such as high implementation costs, resistance to change, and the rapid pace of technological advancements also need to be considered. This paper concludes by proposing recommendations for organizations aiming to leverage technology to enhance their business performance, emphasizing the need for a balanced approach that takes into account both the benefits and drawbacks of technology integration.