What Are the Challenges of Implementing Technological Innovation?
While technological innovation offers numerous benefits, it also presents several challenges, including:
Cost: Developing and implementing new technologies can be expensive, requiring significant investment in research and development, infrastructure, and training. Resistance to Change: Employees and stakeholders may resist adopting new technologies due to fear of the unknown or a preference for established methods. Security Risks: New technologies can introduce cybersecurity vulnerabilities, posing risks to sensitive business data and operations. Integration: Integrating new technologies with existing systems can be complex and time-consuming, potentially disrupting business operations.