Technological barriers can have several adverse effects on businesses:
1. Reduced Competitiveness: Companies that fail to adopt new technologies may fall behind competitors who utilize advanced tools to improve efficiency and customer service. 2. Operational Inefficiencies: Relying on outdated systems can lead to inefficiencies and errors, impacting productivity and profitability. 3. Limited Market Reach: Inability to utilize digital platforms and e-commerce solutions can restrict a company's market reach. 4. Employee Morale: Frustration with slow or ineffective technology can lower employee morale and job satisfaction.