Apple, Microsoft, Samsung

What is the role of technology in business?

Whether it’s for business or social purposes, we no longer rely on traditional methods and means. Businesses have also adopted technology for their benefit. This is one of the reasons why tech companies like Apple, Microsoft, Samsung, etc. have become dominant drivers of economic growth. Interestingly, these companies also rely on technology to stay ahead. 

In recent years, there have been new inventions and developments in the field of technology. Modern tools like Artificial Intelligence, the Internet of Things, Big Data, and Cloud Computing are some examples. These developments have transformed the traditional ways of doing things. Nowadays, everything is being brought to digital platforms. E-commerce, E-learning, Remote Working, and Online Banking, almost everything now requires some sort of technology. 
So, in this blog, we will try to cover the use of modern technologies like AI, Cloud Computing, and ML by big companies. In the blog, we will be discussing the benefit of using technology. Also, we will discuss some examples to make things clearer. 
Why is technology so important in business?
Years back, when there was very little use of technology by businesses, the IT department was not a must in a company structure. However, Today, the IT department in every business, big or small is indispensable. IT experts are largely attributed to the changing dynamics at the organizational level. 
Every company now requires its staff to be tech-savvy as keeping the workforce up to date with the emerging trends, it not only boosts productivity but also has an immense bearing on the bottom-line. 
As technology evolves, companies have an ultimate need to encompass technology. This is because technology has transformed several elements for the better. So, we will have a look at some of them in brief:

1.