The Impact of Technological Change on Business Models: Opportunities and Challenges

Abstract

Technological change has become a constant force in today's business landscape, driving an unprecedented level of innovation and disruption. This article examines the impact of technological advancements on business models, highlighting both the opportunities and challenges they present. By analyzing the rise of emerging technologies like artificial intelligence, blockchain, and automation, the paper explores how these innovations are reshaping industries and creating new avenues for value creation. Additionally, it discusses the challenges organizations face in adapting to these changes, including the need for cultural transformation, workforce reskilling, and managing data privacy concerns.