Technology Advances and Innovation
Their Effects on Improving Productivity in Various Industries
Abstract
Technology advancement has affected today’s world in various aspects including how businesses conducted their activities. This is a conceptual paper which has been developed thought current literature, journals, report and news on the effects of technology advancement and innovation in the improvement of productivity in various industries. Among the findings are technology advancement and innovation does have the positive impact in improving productivity in several industries such as manufacturing, agriculture, and services. Even though technology advances have the positive correlation with productivity, however, there are also other factors that should not to be singled out such as labor and system in an organization. In ensuring the success of organizations, they should consider the other factors as well and the technological and innovation aspects will definitely contributes in achieving their objectives.
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